Demand for High-Performance Engine Oils to Augment Global Viscosity Index (VI) Improvers Market Growth

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Demand for High-Performance Engine Oils to
Augment Global Viscosity Index (VI) Improvers
Market Growth
According to the estimations put forth by Inkwood
Research, the Global Viscosity Index (VI)
Improvers Market is estimated to register a CAGR
of 2.90 in terms of revenue during the
forecasting years of 2022-2030. Browse 45
Market Data Tables and 42 Figures spread over 154
Pages, along with an in-depth TOC on the Global
Viscosity Index (VI) Improvers Market Forecast
2022-2030.
VIEW TABLE OF CONTENT LINK - https//www.inkwoodre
search.com/reports/viscosity-index-improvers-
market/table-of-contents Viscosity index is used
for the measurement of changes in the viscosity
of a fluid with respect to temperature. In this
regard, the greater the viscosity index, the
lesser is the relative change in viscosity with
temperature. The major applications of viscosity
index improvers entail different grades of engine
oils, automatic transmission fluids, power
steering fluids, gear oils, greases, as well as
various hydraulic fluids.
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REQUEST FREE SAMPLE LINK - https//www.inkwoodrese
arch.com/reports/viscosity-index-improvers-
market/request-free-sample Increasing Demand
for High-Performance Engine Oils to Fuel Global
Market Growth The usage of viscosity index
improvers has enabled the development of
multi-grade engine oils, thus exhibiting minimal
temperature dependency. Aligning with this, as
per the recent ILSAC passenger car motor oil
specification G5, viscosity index improvers are
pivotal since they reduce temperature dependency.
Viscosity impacts a number of critical factors,
including energy consumption and wears, in
addition to tolerance to contamination. As a
result, the growing demand for high-performance
engine oils is expected to drive the demand for
viscosity index improvers over the forecasting
years. Industrial is the Fastest-Growing
Application The industrial segment encompasses
the applications of viscosity index improvers in
terms of heavy equipment lubricants used in
different industries, such as construction, oil
gas, mining, agriculture, and others. Lubricants
prevent premature failure as well as a decline in
the performance of construction equipment,
typically subjected to extremely harsh operating
conditions involving moisture, heat, and dirt.
They also perform myriad functions in order to
safeguard construction equipment from bearing
failures, lower resistance of diesel fuel to
water, the short lifespan of engine oil, and
rusting of ropes, cables, and draglines. Asia-Paci
fic Held the Highest Revenue Share in 2021 The
Asia-Pacific is a key region for the global
viscosity improvers (VI) index market,
progressing with the fastest CAGR and capturing
the highest revenue share during the forecast
years. The market growth of the region is
primarily attributed to the surging production of
automobiles as well as the increasing need for
high-performance lubricants. Moreover, the sale
and manufacturing levels of vehicles are
anticipated to increase in countries such as
Japan and China, thus providing the Asia-Pacific
viscosity improvers (VI) index market with
lucrative growth opportunities. The global
viscosity index (VI) improvers market is partly
consolidated, with the presence of major
international players like The Lubrizol
Corporation, Afton Chemical, Infineum
International Limited, and others. Overall, the
degree of competition across the global viscosity
index (VI) improvers market is anticipated to
remain intense. The top companies operating in
the market are BRB International BV, BASF SE,
Exxon Mobil Corporation, etc. Request for
Customization https//inkwoodresearch.com/request
-for-custom-report/ About Inkwood
Research Inkwood Research specializes in
syndicated customized research reports and
consulting services. Market intelligence studies
with relevant fact-based research are customized
across industry verticals such as technology,
automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that
acknowledges the business environments. Our
geographical analysis comprises North South
America, CEE, CIS, Middle East, Europe, Asia, and
Africa.
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