Lucintel Forecasts The Global Viscosity Index Improver Market To Grow With A Cagr Of 3.9% From 2024 To 2031

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global viscosity index improver market looks promising with opportunities in the engine oil, transmission fluid, hydraulic fluid, and gear oil markets. The global viscosity index improver market is expected to grow with a CAGR of 3.9% from 2024 to 2031. The major drivers for this market are the increasing demand for high-performance lubricants, the rising adoption of advanced automotive technologies, and the growing need for energy-efficient industrial solutions.
A more than 150-page report to understand trends, opportunity and forecast in global viscosity index improver market to 2031 by type (olefin copolymers based, polymethacrylate based, and others), application (engine oils, transmission fluids, hydraulic fluids, gear oils, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, olefin copolymers based is expected to witness higher growth over the forecast period.
Within the application category, engine oil is expected to witness the highest growth.
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In terms of region, APAC is expected to witness the highest growth over the forecast period.
Lubrizol, Chevron Oronite, Infineum, Afton Chemical, BASF, Evonik, Sanyo Chemical, BRB International, Shenyang Great Wall Lubricant, Jinzhou Kangtai Lubricant Additives are the major suppliers in the viscosity index improver market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com to get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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