DUBLIN, Nov. 09, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/2v6fsd/global_lubricant) has announced the addition of the "Global Lubricant Viscosity Improvers Market 2015-2019" report to their offering.
The global lubricant viscosity grade improvers market to grow at a CAGR of 2.37% over the period 2014-2019.
The report, Global Lubricant Viscosity Grade Improvers Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from various industry experts. The report includes a comprehensive discussion on the market, an extensive coverage on different types of end-user segments, chemical classes, viscosity grades, and demand-supply dynamics in various geographies. The report provides comments on both the existing market landscape and its growth prospects over the forecast period.
The report further includes a discussion on the key vendors operating in this market.
Lubricant viscosity grade improvers are polymer-based components that are added to lubricants to prevent fluctuations in viscosity with changes in temperature. The three classes of viscosity grade improvers are OCPs, methacrylates, and styrenics. Most of the PCMOs and top grade HDMOs use viscosity grade improvers in their formulations.
High demand for automobiles, and implementation of new energy and emission control measures by various countries across the world have led to increased adoption of advanced lubricant formulations that involve extensive use of viscosity improvers.
One major trend that is being observed particularly in Generation Y is their care for the environment. A survey reveals that this section of individuals are increasingly questioning the economics of owning a car as a result of the former's incompatibility with their lifestyles.
According to the report, a major portion of the engine oil produced is consumed by the transportation sector, especially the automobile segment, owing to the additives being used in the manufacturing and finishing of various automobile parts.
Further, the report states that performance and emission standards for fuels and lubricants across the world pose a key challenge to this industry.
The report presents data on the following segments of the market:
- End-users: PCMO, HDMO, hydraulic fluids, gear oils, and others
- Chemical classes: OCP, PMA, and styrenics
- Viscosity grades: Mono-grade engine oils and multi-grade engine oils
- Geography: APAC, EMEA, North America, and ROW
- Chevron Oronite
Other prominent vendors
- Jinzhou Kangtai
- Mid Continental Chemical
For more information visit http://www.researchandmarkets.com/research/2v6fsd/global_lubricant
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SOURCE Research and Markets