New York, NY -- (SBWIRE) -- 10/09/2018 -- In the past few years, the price of lubricant viscosity index improvers decreased and we expect the price will slightly lower in the next few years. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of lubricant viscosity index improvers. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. With the snatch for market share in emerging regions, the competition in lubricant viscosity index improvers industry will become more intense.

Lubricant viscosity index improvers improve the viscosity-temperature characteristics of the lubricant, making the oil's viscosity more stable as its temperature changes. Lubricant viscosity index improvers are commonly used in multigame engine oils, gear oils, automatic transmission fluids, power-steering fluids, greases and some hydraulic fluids. Therefore, growing demand for automotive industry and industrial lubricant has driven the growth of global lubricant viscosity index improvers market. The demand for lubricant viscosity index improvers is expected to continue increasing during the period of 2016-2022. Lubricant viscosity index improvers industry will usher in a stable growth space.

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The major players covered in this report

Lubrizol, Oronite, Infineum, Afton, BASF, Evonik, Sanyo Chemical, Shengyang Greatwall, Nanjing Runyou, Xingyun Chemical, Shanghai High-Lube Additives, YASHIKE LAI'EN, BPT Chemical

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering

North America, Europe, China, Japan, Southeast Asia, India, Other Regions (India, Southeast Asia, Central & South America and Middle East & Africa)

Primary Insights:

- Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

- However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

- Olefin Copolymer VI Improver (OCP)
- Polymethacrylate Viscosity Index Improver (PMA)
- Others(Such as PIB, SEBS)

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including

- Automotive Lubricants
- Industrial Lubricants
- Others

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The expertise that has gone into this study is clearly visible from the way the subject matter experts have discussed the merger and acquisition opportunities in the report. Apart from identifying the local potential which can further assist in designing local market strategies the study brings to light the competitive scenario worldwide.

These companies mainly distribute in the United States, Singapore, and Europe. Asia-Pacific is the largest consumer of lubricant viscosity index improvers with 36.23% share in 2016.

In this study, the years considered to estimate the market size of Lubricant Viscosity Index Improvers are as follows:

- History Year: 2013-2017
- Base Year: 2017
- Estimated Year: 2018
- Forecast Year 2018 to 2025

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