Global Polymethacrylate Market in VII and PPD 2016-2020

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?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Lubricant Viscosity Improvers Market 2015-2019
• Global Polymer Based Solubility Enhancement Excipients Market for OSDF 2015-2019