DUBLIN, November 7, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Polymethacrylate Market in VII and PPD 2016-2020" report to their offering.
The global polymethacrylate market in VII and PPD to grow at a CAGR of 2.51% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global polymethacrylate market in VII and PPD for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the five prominent vendors operating in the market. The report also includes a discussion of the key vendors operating in this market.
VIIs are polymer components that are added to lubricants to prevent rapid viscosity fluctuations with a change in temperature. The three classes of VIIs are olefin copolymers, polymethacrylate, and styrenics. Most of the PCMOs and top grade HDMOs use VIIs in their formulations.
One significant trend that is being observed, particularly among individuals belonging to the Generation Y, is their care for the environment. A survey suggests that this section of individuals is questioning the economics of owning a car due to the former's incompatibility with their beliefs.
According to the report, there has been an increase in the global demand for automobiles in the recent years, especially from the developing countries, owing to the increasing per capita income and economic development. The global automobile market is expected to grow during the forecast period, thereby becoming a key driver for the consumption of lubricants.
Further, the report states that constant need for technological upgrade will be a challenge for the market. Rapid technological advancements in the manufacture of machinery and automobiles are increasing the need for environment-friendly and high-performance lubricants and lubricant additives. Therefore, lubricant manufacturers need to constantly upgrade their production capabilities and product portfolio to match the revised requirements. Although this results in the emergence of value-added products, it severely affects the profit margins of the lubricant manufacturers.
The vendors not only incur the additional costs of revised formulations but also of the capital costs associated with the technology and infrastructural upgrade. Noncompliance with the revised requirements often invites regulatory attention and also leads to a decline in market shares.
- Afton Chemical
- Chevron Oronite
- Evonik Industries
Other prominent vendors
- Jinzhou Kangtai
- MidContinental Chemical Company
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by end user
Part 07: Market segmentation by use
Part 08: Market segmentation by viscosity grade
Part 09: Market segmentation by geography
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Vendor landscape
Part 16: Key vendor analysis
Part 17: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/xr2xhd/global
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-polymethacrylate-market-in-vii-and-ppd-2016-2020-energy-efficiency-plays-a-vital-role--constant-need-for-technological-upgrade--increased-use-of-high-performing-base-stocks---research-and-markets-300358272.html
SOURCE Research and Markets