The Europe viscosity index (VI) improvers market is set to register a CAGR of 2.64% over the estimated period of 2022 to 2030. The market growth of the region is mainly accredited to key factors such as the developing construction sector, increasing motor vehicle production, and the rising sales of electric vehicles.
EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET FORECAST 2022-2030
Europe Viscosity Index (VI) Improvers Market by Type (Polymethacrylate, Olefin Copolymer, Polyisobutylene, Other Type) Market by Application (Automotive, Industrial, Other Applications) by Geography
The Europe viscosity index (VI) improvers market is set to register a CAGR of 2.64% over the estimated period of 2022 to 2030. The market growth of the region is mainly accredited to key factors such as the developing construction sector, increasing motor vehicle production, and the rising sales of electric vehicles.
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The Europe viscosity index (VI) improvers market growth study encompasses the assessment of Poland, France, Belgium, Russia, Italy, the United Kingdom, Germany, and Rest of Europe. The United Kingdom is anticipated to witness stable growth across the region’s viscosity index (VI) improvers market, ascribed to drivers such as increasing motor vehicle production as well as modest growth in the sales of new vehicles. In addition, the development of the nation’s manufacturing sector, healthy growth in the construction industry, and the recovery of the oil & gas sector are set to play an integral role, as well.
The German economy is the largest in the continent and the fifth-largest globally. Besides, the country is also one of the largest consumers of lubricants. With a measured surge in automotive sales and production, as well as a notable demand for premium cars, the need for automotive lubricants is anticipated to increase in Germany. As a result, these factors are set to facilitate the Europe viscosity index (VI) improvers market growth during the forecast years.
Infineum, headquartered in the United Kingdom, is primarily involved in the formulation, manufacturing, and marketing of petroleum additives for lubricants as well as fuels. The company concentrates on additive products utilized in automotive, diesel fuels, marine engine oils, heavy-duty diesel, and specialty applications, including industrial oils and transmission fluids. Infineum was formed as a joint venture of Shell and ExxonMobil.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- KEY DRIVERS
- DEMAND FOR HIGH-PERFORMANCE ENGINE OILS
- INCREASED CONSUMPTION AND PRODUCTION OF LUBRICANTS
- KEY RESTRAINTS
- LONGER OIL CHANGE INTERVALS DUE TO ADVANCEMENTS IN LUBRICANT TECHNOLOGY
- ADDITIONAL ASSOCIATED COSTS
- KEY DRIVERS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON VISCOSITY INDEX (VI) IMPROVERS MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- MARKET BY TYPE
- POLYMETHACRYLATE
- OLEFIN COPOLYMER
- POLYISOBUTYLENE
- OTHER TYPE
- MARKET BY APPLICATION
- AUTOMOTIVE
- PASSENGER VEHICLES
- HEAVY DUTY VEHICLES
- OTHER VEHICLES
- INDUSTRIAL
- OTHER APPLICATIONS
- AUTOMOTIVE
- GEOGRAPHICAL ANALYSIS
- EUROPE
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- POLAND
- REST OF EUROPE
- EUROPE
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- AFTON CHEMICAL CORPORATION
- ASIAN OIL COMPANY
- BASF SE
- BPT CHEMICAL CO LTD
- BRB INTERNATIONAL BV
- CHEVRON ORONITE COMPANY LLC
- CRODA INTERNATIONAL PLC
- ENI SPA
- EVONIK INDUSTRIES AG
- EXXON MOBIL CORPORATION
- INFINEUM INTERNATIONAL LIMITED
- JILIN XINGYUN CHEMICAL CO LTD
- JINZHOU KANGTAI LUBRICANT ADDITIVES CO LTD
- LUBRIZOL CORPORATION
- SANYO CHEMICAL INDUSTRIES LTD
- SHANGHAI MINGLAN CHEMICAL CO LTD
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – VISCOSITY INDEX (VI) IMPROVERS
TABLE 2: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 3: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 4: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 6: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, BY AUTOMOTIVE APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, BY AUTOMOTIVE APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 8: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 9: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 10: LEADING PLAYERS OPERATING IN EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET
TABLE 11: LIST OF MERGERS & ACQUISITIONS
TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 14: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021
FIGURE 6: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, BY POLYMETHACRYLATE, 2022-2030 (IN $ MILLION)
FIGURE 7: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, BY OLEFIN COPOLYMER, 2022-2030 (IN $ MILLION)
FIGURE 8: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, BY POLYISOBUTYLENE, 2022-2030 (IN $ MILLION)
FIGURE 9: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, BY OTHER TYPE, 2022-2030 (IN $ MILLION)
FIGURE 10: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021
FIGURE 11: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, BY AUTOMOTIVE, 2022-2030 (IN $ MILLION)
FIGURE 12: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, GROWTH POTENTIAL, BY AUTOMOTIVE APPLICATION, IN 2021
FIGURE 13: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, BY PASSENGER VEHICLES, 2022-2030 (IN $ MILLION)
FIGURE 14: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, BY HEAVY DUTY VEHICLES, 2022-2030 (IN $ MILLION)
FIGURE 15: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, BY OTHER VEHICLES, 2022-2030 (IN $ MILLION)
FIGURE 16: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, BY INDUSTRIAL, 2022-2030 (IN $ MILLION)
FIGURE 17: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, BY OTHER APPLICATIONS, 2022-2030 (IN $ MILLION)
FIGURE 18: EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 19: UNITED KINGDOM VISCOSITY INDEX (VI) IMPROVERS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 20: GERMANY VISCOSITY INDEX (VI) IMPROVERS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 21: FRANCE VISCOSITY INDEX (VI) IMPROVERS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 22: ITALY VISCOSITY INDEX (VI) IMPROVERS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 23: RUSSIA VISCOSITY INDEX (VI) IMPROVERS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 24: BELGIUM VISCOSITY INDEX (VI) IMPROVERS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 25: POLAND VISCOSITY INDEX (VI) IMPROVERS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 26: REST OF EUROPE VISCOSITY INDEX (VI) IMPROVERS MARKET, 2022-2030 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- EUROPE
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- POLAND
- REST OF EUROPE
- EUROPE
- MARKET BY TYPE
- POLYMETHACRYLATE
- OLEFIN COPOLYMER
- POLYISOBUTYLENE
- OTHER TYPE
- MARKET BY APPLICATION
- AUTOMOTIVE
- PASSENGER VEHICLES
- HEAVY DUTY VEHICLES
- OTHER VEHICLES
- INDUSTRIAL
- OTHER APPLICATIONS
- AUTOMOTIVE
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