Viscosity index market growth is expected to accelerate at a fast pace, especially in the lubricant industries. The growth rate is so fast that it is difficult to gauge. The viscosity index improver is a measurement that is used to gauge the fluid of a liquid. You can imagine this as there is a difference between water and honey. The viscosity is needed in the lubricant industry because it has to work in multiple environments and in different situations. Also, there are different cars and machines that operate in different areas of the world. So, viscosity is a type of additive that saves lubricants from being spoiled.
Something is growing quickly, and it is a viscosity market.
Everything is happening because businesses rely on better engine lubrication. Lubricant manufacturers, heavy-duty engine manufacturers, passenger car manufacturers, and OEMs are always striving for better, longer-lasting, and fuel-efficient lubricants.
Market Growth and Key Players
From 2023 to 2028, the global viscosity index improver market is expected to grow 4.3% yearly. This trend is due to the growing need for high-performance lubricants that work well in a variety of temperatures and conditions. Here are some of the top companies in this field. To understand the development and key players.
Evonik Industries
Evonik Industries is a market leader in viscosity index improvers, and its VISCOPLEX brand includes a wide range of goods. These substances are used in hydraulic fluids, engine oils, and gear oils, which helps vehicles use less gas and drain their oils more often.
The Lubrizol Corporation
Another big player is the Lubrizol Corporation, which sells a lot of different viscosity index improvers under the Lubrizol and LZ brands. These items work better with different kinds of lubricants by adapting to their needs.
Infineum International Limited
As its main business, Infineum International Limited creates and makes gasoline additives, such as viscosity index improvers. The Infineum SVTM line is one of their products. It is known for having great shear stability and viscosity control.
Chevron Oronite Company LLC
Chevron Oronite Company LLC is a top provider of lubricant additives. Under the OLOA name, they offer a wide range of viscosity index improvers. The automotive and industrial lubricant industries are always changing, so these goods are made to keep up.
Sanyo Chemical Industries
Sanyo Chemical Industries is a well-known company that improves viscosity indexes for customers all over the world. Under the brand name SANVISTM, their goods are known for being of high quality and always working well.
Chempol Chemical and additives industry
Chempol Specialty Additives company is one of the above-renowned companies that have made a mark in the additives industry in the world, especially in UAE. They manufacture multiple products and have made the lubricant industry a success.
Materials for Viscosity Index Improvers
Polyisobutylene (PIB)
Synthetic polyisobutylene (PIB). Making liquid-thickening products is common. The transparent, viscous liquid dissolves in several substances. Its high molecular weight makes PIB a useful thickener. Shear stability indicates strong shear forces can’t shatter it.
PIB is found in hydraulic fluids, motor oils, and gear oils. These fluids thin when hot, helping the engine and other parts. PIB can help cars use less gas by minimising friction between moving parts.
Radial Polyisoprene
Radial polyisoprene is another PIB-like synthetic polymer. It dissolves in many liquids and chemicals and is translucent and thick. Radial polyisoprene thickens well due to its high molecular weight. Shear stability means it won’t be broken by powerful shear forces.
Radial polyisoprene is used in hydraulic, gear, and engine oils. High temperatures make these fluids less viscous, which helps the engine and other components last longer. Radial polyisoprene reduces friction between car parts, saving petrol.
Polymethacrylates (PMA)
PMA, or polymethacrylates, are synthetic polymers used to make lubricant viscosity index improvers. PMAs are viscous, water-like liquids that dissolve in many chemical solvents. Their high molecular weight allows them to thicken objects. Shear stability means PMAs won’t break down under high shear loads.
PMAs can be found in hydraulic fluids, motor oils, gear oils, and others. They reduce fluid viscosity at high temperatures, which helps sustain the engine and other components. PMAs reduce friction between moving parts, reducing gas consumption.
Olefin Copolymers (OCP)
There are many uses for “olefin co-polymers” (OCP), including making oil viscosity index improvers compounds. OCPs are thick, clear liquids that dissolve in many chemical solvents. Their high molecular weight allows them to thicken objects. Shear stability means OCPs won’t break down at high shear loads.
OCPs are found in hydraulic fluids, motor oils, gear oils, and gear oil derivatives. They reduce fluid viscosity at high temperatures, which helps sustain the engine and other components. By minimizing friction between moving parts, OCPs help cars use less gas.
Key Markets
It is more common for people in North America, Europe, and Asia to be interested in lube oil additives viscosity index improvers than in any other region. The automotive industry in these regions is robust, and people are becoming increasingly concerned about reducing their fuel use and safeguarding the environment. As a result, they are supporting the use of technology-based lubricants.
As high-performance lubricants continue to gain popularity, the market for viscosity index improvers is witnessing substantial expansion. This is a direct outcome of the increased demand for these products. There is no possible way to emphasise the significance of huge firms like Evonik Industries, The Lubrizol Corporation, Infineum International Limited, Chevron Oronite Company LLC, and Sanyo Chemical Industries when it comes to satisfying this requirement. Increasing the viscosity of the substance is accomplished through the development of innovative and reliable methods. Given the ongoing development of the automotive and industrial sectors, it is highly likely that the market for viscosity index improvers will continue to increase for a considerable amount of time. This is because of the steady evolution of these industries.
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