Lubricant Viscosity Grade Improvers Market by Application Product, and Geography - Forecast and Analysis 2023-2027

Published: Apr 2023 Pages: 174 SKU: IRTNTR75308

The lubricant viscosity grade improvers market size is estimated to grow at a CAGR of 3.32% between 2022 and 2027. The market size is forecast to increase by USD 719.65 million. The growth of the market depends on several factors, including the increasing demand from end-user industries, the increasing need for reliable machinery and effective maintenance, and the growing investment in the infrastructure sector in APAC.

This lubricant viscosity grade improvers market report extensively covers market segmentation by application (vehicle lubricants and industrial lubricants), product (polymethacrylate (PMA), hydrostyrene diene copolymer (HSD), and polyisobutylene (PIB), and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Lubricant Viscosity Grade Improvers Market During the Forecast Period?

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Lubricant Viscosity Grade Improvers Market: Key Drivers, Trends, Challenges, and Customer Landscape

The growing investment in the infrastructure sector in APAC is notably driving the market growth, although factors such as fluctuation in crude oil prices may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Lubricant Viscosity Grade Improvers Market Driver

Growing investment in the infrastructure sector in APAC is the key factor driving the growth of the global lubricant viscosity grade improvers market. China accounts for the largest, fastest-growing value pool driven by growth across sectors, including road transport, construction, and manufacturing. China invested around USD 13.1 billion in the development and construction of the Beijing International Airport in 2020, which is designed to handle about 72 million passengers by 2025. In 2022, China invested USD 3.9 billion in Olympic infrastructure.

In March 2021, the Indian Government allocated nearly 2,92,86,259 USD to enhance the transport infrastructure, giving a massive push to the infrastructure sector in the country. An expense of USD 8.8 billion over six years to strengthen the capacities of primary, secondary, and tertiary care and healthcare systems. These actions taken by governments to improve the infrastructure are expected to drive the growth of construction machinery in APAC, thereby increasing the demand for lubricants. This, in turn, will drive the growth of the lubricant viscosity grade improvers market during the forecast period.

Significant Lubricant Viscosity Grade Improvers Market Trends

The rising adoption of synthetic lubricants is the primary trend in the global lubricant viscosity grade improvers market growth. Synthetic lubricants are lubricants formulated using base oil from an advanced chemical industry, such as Esthers, PAO (Poly Alpha Olephine). Better-performing synthetic lubricants are corrosion-resistant and antioxidant. Withstands a wide temperature range from -60°C to over 450°C. It also extends lubricant life 4-8 times over petroleum-based lubricants. Provides better performance compared to mineral-based lubricants.

Using synthetic lubricants results in longer machinery life because less wear results in more production during the life of machines and tools. All such benefits are expected to increase the demand for synthetic lubricants, which is expected to have a positive impact on the global lubricant viscosity grade improvers market during the forecast period.

Major Lubricant Viscosity Grade Improvers Market Challenge

Fluctuation in crude oil prices is a major challenge to the growth of the global lubricant viscosity grade improvers market. The variable cost of raw materials used in the production of lubricating oil thickeners such as polyalkyl methacrylates and olefin copolymers poses a major challenge to the global lubricating oil thickener market. Prices for raw materials such as thermoplastic polymers have fluctuated since 2015. In addition, petroleum and natural gas derivatives are lubricant thickeners. Therefore, the price of these materials fluctuates with the price of natural gas and crude oil. Strong fluctuations in the price of crude oil and its derivatives are caused by a systemic demand-supply imbalance in the global crude oil industry.

As some of the raw materials used extensively to manufacture lubricant viscosity grade improvers are petroleum derivatives, fluctuations in their prices can lead to unpredictability in the market. This can adversely affect production costs and reduce profit margins. Hence, volatility in the price of crude oil will hamper the growth of the global lubricant viscosity grade improvers market during the forecast period.

Key Lubricant Viscosity Grade Improvers Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Lubricant Viscosity Grade Improvers Market Customer Landscape

Who are the Major Lubricant Viscosity Grade Improvers Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

BPT Chemicals Co. Ltd.: The company offers lubricant viscosity grade improvers such as BPT Viscotech EPC-100, BPT Viscotech OCP-100, and BPT Viscotech SIS-100. Also, the company specializes in the manufacturing of viscosity index improvers.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • American Hitech Petroleum and Chemicals Inc.
  • Asian Oil Co.
  • BASF SE
  • CHETAS BIOCHEM
  • Chevron Corp.
  • Croda International Plc
  • Eni SpA
  • Evonik Industries AG
  • Goodway Chemicals Pvt. Ltd.
  • Innov Oil Pte Ltd.
  • Jinzhou Kangtai Lubricant Additives Co. Ltd.
  • Lanxess AG
  • Mitsui Chemicals Inc.
  • NewMarket Corp.
  • PETRONAS Chemicals Group Berhad

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Lubricant Viscosity Grade Improvers Market?

The market share growth by the vehicle lubricants segment will be significant during the forecast period. The rising production of automobiles, coupled with their high demand, mainly in developing countries, has led to an increased demand for lubricants in the automotive industry. 

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The vehicle lubricants segment was valued at USD 2,856.20 million in 2017 and continued to grow until 2021. Automotive lubricants are used in oils such as engine oils, hydraulic oils, and shock absorber oils. Lubricants reduce friction and wear, improving fuel efficiency and the life of automotive components. This will extend the life of your vehicle. Currently, the life expectancy of a car in the US is 13 to 17 years. Auto parts lubrication mainly reduces the effort required to overcome friction and reduces wear between friction and bearing surfaces, thereby increasing power output and engine life. Lubrication also helps prevent parts from seizing and causing severe damage. Lubricants provide high resistance to oil degradation, reduce evaporation and increase fuel efficiency. The demand for high-performance lubricants in the automotive industry is overgrowing as the shift to fuel-efficient cars and motorcycles continues. 

Which are the Key Regions for the Lubricant Viscosity Grade Improvers Market?

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APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The demand for lubricants in APAC is mainly led by the growing automotive industry. The increasing sales of passenger and commercial vehicles in APAC, mainly in China, India, and Japan, have been driving the consumption of lubricant products. For instance, in 2022, the Federation of Automobile Dealers Associations (FADA) reported retail sales of 21,120,441 passenger vehicles and tractors in India. This was a 15% increase in sales compared with 2021.

In addition, the region witnesses a high demand for lubricants from heavy engineering, steel manufacturing, mining and refining, and plastics and polymer industries. For instance, in May 2021, Vedanta Ltd. announced that it is planning to invest USD 1.34 billion to set up an aluminum park in Odisha, India.  Such investments are expected to increase the demand for lubricants, thereby propelling the growth of the regional lubricant viscosity grade improvers market during the forecast period.

The outbreak of COVID-19 in 2020 in the region led to a decline in the growth of the regional lubricant viscosity grade improvers market.  However, with the initiation of vaccination drives, the number of COVID-19 cases declined in the first half of 2021, which led to the lifting of lockdown restrictions in the region. Eventually, factories and manufacturing units reopened, and construction activities also gained pace. Such recovery in business operations will enable the regional lubricant viscosity grade improvers market to witness growth during the forecast period. 

Segment Overview

The lubricant viscosity grade improvers market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • Vehicle lubricants
    • Industrial lubricants
  • Product Outlook (USD Million, 2017 - 2027)
    • Polymethacrylate (PMA)
    • Hydrostyrene diene copolymer (HSD)
    • Polyisobutylene (PIB)
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Parent Market Analysis

Technavio categorizes the global lubricant viscosity grade improvers market as a part of the global commodity chemicals market within the global chemicals market. The global commodity chemicals market covers companies that primarily produce industrial and basic chemicals, including, but not limited to, plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.

 

Lubricant Viscosity Grade Improvers Market Scope

Report Coverage

Details

Page number

174

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.32%

Market growth 2023-2027

USD 719.65 million

Market structure

Fragmented

YoY growth 2022-2023(%)

2.5

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 43%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

American Hitech Petroleum and Chemicals Inc., Asian Oil Co., BASF SE, BPT Chemicals Co. Ltd., CHETAS BIOCHEM, Chevron Corp., Croda International Plc, Eni SpA, Evonik Industries AG, Goodway Chemicals Pvt. Ltd., Innov Oil Pte Ltd., Jinzhou Kangtai Lubricant Additives Co. Ltd., Lanxess AG, Mitsui Chemicals Inc., NewMarket Corp., PETRONAS Chemicals Group Berhad, Sanyo Chemical Industries Ltd., Shanghai Minglan Chemical Co. Ltd., Shell plc, and The Lubrizol Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Lubricant Viscosity Grade Improvers Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global lubricant viscosity grade improvers market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global lubricant viscosity grade improvers market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Vehicle lubricants - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Vehicle lubricants - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Vehicle lubricants - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Vehicle lubricants - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Vehicle lubricants - Year-over-year growth 2022-2027 (%)
    • 6.4 Industrial lubricants - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Industrial lubricants - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Industrial lubricants - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Industrial lubricants - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Industrial lubricants - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 42: Market opportunity by Application ($ million)
      • Exhibit 43: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 44: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 46: Chart on Comparison by Product
      • Exhibit 47: Data Table on Comparison by Product
    • 7.3 Polymethacrylate (PMA) - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Polymethacrylate (PMA) - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Data Table on Polymethacrylate (PMA) - Market size and forecast 2022-2027 ($ million)
      • Exhibit 50: Chart on Polymethacrylate (PMA) - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Polymethacrylate (PMA) - Year-over-year growth 2022-2027 (%)
    • 7.4 Hydrostyrene diene copolymer (HSD) - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Hydrostyrene diene copolymer (HSD) - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Hydrostyrene diene copolymer (HSD) - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Hydrostyrene diene copolymer (HSD) - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Hydrostyrene diene copolymer (HSD) - Year-over-year growth 2022-2027 (%)
    • 7.5 Polyisobutylene (PIB) and others - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Polyisobutylene (PIB) and others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Polyisobutylene (PIB) and others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Polyisobutylene (PIB) and others - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Polyisobutylene (PIB) and others - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Product
      • Exhibit 60: Market opportunity by Product ($ million)
      • Exhibit 61: Data Table on Market opportunity by Product ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 India - Market size and forecast 2022-2027
      • Exhibit 103: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ million)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 American Hitech Petroleum and Chemicals Inc.
              • Exhibit 115: American Hitech Petroleum and Chemicals Inc. - Overview
              • Exhibit 116: American Hitech Petroleum and Chemicals Inc. - Product / Service
              • Exhibit 117: American Hitech Petroleum and Chemicals Inc. - Key offerings
            • 12.4 BASF SE
              • Exhibit 118: BASF SE - Overview
              • Exhibit 119: BASF SE - Business segments
              • Exhibit 120: BASF SE - Key news
              • Exhibit 121: BASF SE - Key offerings
              • Exhibit 122: BASF SE - Segment focus
            • 12.5 BPT Chemicals Co. Ltd.
              • Exhibit 123: BPT Chemicals Co. Ltd. - Overview
              • Exhibit 124: BPT Chemicals Co. Ltd. - Product / Service
              • Exhibit 125: BPT Chemicals Co. Ltd. - Key offerings
            • 12.6 Chevron Corp.
              • Exhibit 126: Chevron Corp. - Overview
              • Exhibit 127: Chevron Corp. - Business segments
              • Exhibit 128: Chevron Corp. - Key news
              • Exhibit 129: Chevron Corp. - Key offerings
              • Exhibit 130: Chevron Corp. - Segment focus
            • 12.7 Croda International Plc
              • Exhibit 131: Croda International Plc - Overview
              • Exhibit 132: Croda International Plc - Business segments
              • Exhibit 133: Croda International Plc - Key news
              • Exhibit 134: Croda International Plc - Key offerings
              • Exhibit 135: Croda International Plc - Segment focus
            • 12.8 Eni SpA
              • Exhibit 136: Eni SpA - Overview
              • Exhibit 137: Eni SpA - Business segments
              • Exhibit 138: Eni SpA - Key offerings
              • Exhibit 139: Eni SpA - Segment focus
            • 12.9 Evonik Industries AG
              • Exhibit 140: Evonik Industries AG - Overview
              • Exhibit 141: Evonik Industries AG - Business segments
              • Exhibit 142: Evonik Industries AG - Key news
              • Exhibit 143: Evonik Industries AG - Key offerings
              • Exhibit 144: Evonik Industries AG - Segment focus
            • 12.10 Jinzhou Kangtai Lubricant Additives Co. Ltd.
              • Exhibit 145: Jinzhou Kangtai Lubricant Additives Co. Ltd. - Overview
              • Exhibit 146: Jinzhou Kangtai Lubricant Additives Co. Ltd. - Product / Service
              • Exhibit 147: Jinzhou Kangtai Lubricant Additives Co. Ltd. - Key offerings
            • 12.11 Lanxess AG
              • Exhibit 148: Lanxess AG - Overview
              • Exhibit 149: Lanxess AG - Business segments
              • Exhibit 150: Lanxess AG - Key offerings
              • Exhibit 151: Lanxess AG - Segment focus
            • 12.12 Mitsui Chemicals Inc.
              • Exhibit 152: Mitsui Chemicals Inc. - Overview
              • Exhibit 153: Mitsui Chemicals Inc. - Business segments
              • Exhibit 154: Mitsui Chemicals Inc. - Key offerings
              • Exhibit 155: Mitsui Chemicals Inc. - Segment focus
            • 12.13 NewMarket Corp.
              • Exhibit 156: NewMarket Corp. - Overview
              • Exhibit 157: NewMarket Corp. - Business segments
              • Exhibit 158: NewMarket Corp. - Key offerings
              • Exhibit 159: NewMarket Corp. - Segment focus
            • 12.14 PETRONAS Chemicals Group Berhad
              • Exhibit 160: PETRONAS Chemicals Group Berhad - Overview
              • Exhibit 161: PETRONAS Chemicals Group Berhad - Business segments
              • Exhibit 162: PETRONAS Chemicals Group Berhad - Key news
              • Exhibit 163: PETRONAS Chemicals Group Berhad - Key offerings
              • Exhibit 164: PETRONAS Chemicals Group Berhad - Segment focus
            • 12.15 Sanyo Chemical Industries Ltd.
              • Exhibit 165: Sanyo Chemical Industries Ltd. - Overview
              • Exhibit 166: Sanyo Chemical Industries Ltd. - Business segments
              • Exhibit 167: Sanyo Chemical Industries Ltd. - Key offerings
              • Exhibit 168: Sanyo Chemical Industries Ltd. - Segment focus
            • 12.16 Shell plc
              • Exhibit 169: Shell plc - Overview
              • Exhibit 170: Shell plc - Business segments
              • Exhibit 171: Shell plc - Key offerings
              • Exhibit 172: Shell plc - Segment focus
            • 12.17 The Lubrizol Corp.
              • Exhibit 173: The Lubrizol Corp. - Overview
              • Exhibit 174: The Lubrizol Corp. - Product / Service
              • Exhibit 175: The Lubrizol Corp. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 176: Inclusions checklist
                • Exhibit 177: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 178: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 179: Research methodology
                • Exhibit 180: Validation techniques employed for market sizing
                • Exhibit 181: Information sources
              • 13.5 List of abbreviations
                • Exhibit 182: List of abbreviations

              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.

              INFORMATION 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

              DATA 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

              REPORT 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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              lubricant viscosity grade improvers market

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              • What are the factors influencing the growth of the parent market?

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