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Global Polymethacrylate Market in VII and PPD 2016-2020

  • Published: Sep 2016
  • Pages: 70
  • SKU: IRTNTR10047
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This market research report identifies players like Afton Chemical, Lubrizol, Chevron Oronite, Evonik, and Infineum to be the key vendors in the global polymethacrylate market in VIIs and PPDs. This research report also presents a detailed segmentation of the market by end-user (PCMO, HDMO, industrial hydraulic oils, automotive gear oils, and others), by use (VII and PPD), by viscosity grade (mono-grade and multi-grade), and by geography (APAC, Europe, North America, and ROW).

Overview of the global polymethacrylate market in viscosity index improvers (VII) and pour-point depressants (PPD)

Technavio’s market research analyst predicts the global polymethacrylate market in viscosity index improvers (VII) and pour-point depressants (PPD) to grow at a sluggish CAGR of more than 2% by 2020. The introduction of new emissions standards for fuel economy and operability at extreme conditions have resulted in the development of advanced motor oil technologies that offer better durability and more fuel efficiency. This has prompted manufacturers to come up with lighter viscosity grades and new friction modifier technologies. The increasing need for better fuel efficiency in heavy-duty vehicles at lower operating costs has led to the development of lubricants with viscosity grades ranging from 15W-40 and higher to 10W-40 and 5W-30. Several original equipment manufacturers (OEMs) are designing engines that offer more fuel-efficient combustion, high horsepower, and torque under high tolerances. As these factors increase the temperature of engines considerably, the consumption of VII and PPDs to sustain these extreme conditions at high temperatures will increase in the coming years.

As per this market analysis, APAC will continue to dominate this market during the forecast period and is anticipated to occupy around 41% of the total market revenue by 2020. Much of the region’s growth comes from the development of advanced engine technologies. Strong growth in the demand for base oil used in trucks and automotive segment have increasingly increased the consumption of motor oil in several APAC nations such as China. The high consumption of motor oil by heavy-duty trucks will increase the consumption of viscosity additives by these motor oils, which will drive the growth prospects for the market in the region during the forecast period.

Competitive landscape and key vendors

The market is primarily dominated by a few leading vendors. However, there has been a consistent increase in the number of local players who manufacture motor oils through various cheaper production processes. New players are expected to enter this market during the forecast period owing to their easy access to the manufacturing technology. Competition in the market will intensify in the coming years with vendors primarily competing in terms of distribution and presence to ensure maximum reach of the product.

Leading vendors in the market are -

  • Afton Chemical
  • Lubrizol
  • Chevron Oronite
  • Evonik
  • Infineum

Other prominent vendors in the polymethacrylate market in VIIs and PPDs include Amtecol, Croda, Jinzhou Kangtai, and MidContinental Chemical Company.

Segmentation by end-user and analysis of the polymethacrylate market in VIIs and PPDs

  • PCMO
  • HDMO
  • Industrial hydraulic oils
  • Automotive gear oils

During 2015, passenger car motor oils (PCMO) dominated the polymethacrylate market in VIIs and PPDs and accounted for around 47% of the total market share. VIIs and PPDs minimize the change in viscosity that occurs due to the gradual change in temperature. Polymethacrylate is used as a VII in multi-grade engine oil formulations and is available in the dispersant and non-dispersant types. The development of new PCMO categories such as International Lubricants Standardization and Approval Committee (ILSAC) GF-6 and proposed category (PC)-11 will drive the growth of this segment in the coming years.

Segmentation by viscosity grade and analysis of the polymethacrylate market in VIIs and PPDs

  • Multi-grade
  • Mono-grade

The multi-grade segment dominated the polymethacrylate market in VIIs and PPDs in 2015 and accounted for around 65% of the total market share. Multigrade engine oils are composed of special additives that help in maintaining the viscosity of the oil according to the temperature change. With the increase in the temperature of the oil, the kinetic energy of the PPD overcomes some of the intramolecular forces, and reduces the viscosity. Multigrade oils display properties of two viscosity grades. For instance, multi-grade oil 15W-40 has the properties of 15W mono-grade oil at cold temperature and 40 mono-grade at 212°F.

 Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global polymethacrylate market in VIIs and PPDs?
  • What are the key market trends impacting the growth of the global polymethacrylate market in VIIs and PPDs?
  • What are the challenges to market growth?
  • Who are the key vendors in the global polymethacrylate market in VIIs and PPDs?
  • What are the market opportunities and threats faced by the vendors in the global polymethacrylate market in VIIs and PPDs?
  • Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
  • What are the key outcomes of the five forces analysis of the global polymethacrylate market in VIIs and PPDs?

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Table of Exhibits

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation  by end user

  • Global polymethacrylate market in VII and PPD by end user
  • Polymethacrylate market in PCMO
  • Polymethacrylate market in HDMO
  • Polymethacrylate market in industrial hydraulic oils
  • Polymethacrylate market in automotive gear oils
  • Polymethacrylate market in others

PART 07: Market segmentation by use

  • Global polymethacrylate market by use

PART 08: Market segmentation by viscosity grade

  • Global polymethacrylate market by viscosity grade

PART 09: Market segmentation by geography

  • Global polymethacrylate market in VII and PPD by geography
  • Polymethacrylate market in VII and PPD in North America
  • Polymethacrylate market in VII and PPD in EMEA
  • Polymethacrylate market in VII and PPD in APAC
  • Polymethacrylate market in VII and PPD in ROW

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

  • Competitive scenario
  • Other prominent vendors

PART 16: Key vendor analysis

  • Afton Chemical
  • Lubrizol
  • Chevron Oronite
  • Evonik Industries
  • Infineum

PART 17: Appendix

  • List of abbreviations

PART 18: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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