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Market Research Report
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1047092

Asia-pacific Viscosity Index (Vi) Improvers Market Forecast 2022-2030

Published: | Inkwood Research | 125 Pages | Delivery time: 2-3 business days

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Asia-pacific Viscosity Index (Vi) Improvers Market Forecast 2022-2030
Published: January 19, 2022
Inkwood Research
Content info: 125 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

KEY FINDINGS

The Asia-Pacific viscosity index (VI) improvers market is predicted to register a CAGR of 3.13% during the forecasting period of 2022 to 2030. The market growth of the region is driven by key factors such as the rising domestic automobile production, the rapidly developing automotive sector, as well as the increasing demand for improved and high-performance lubricants.

MARKET INSIGHTS

The Asia-Pacific viscosity index (VI) improvers market growth evaluation constitutes the assessment of Indonesia, Vietnam, India, Australia & New Zealand, Thailand, South Korea, China, Japan, and Rest of Asia-Pacific. India is the second-largest lubricant consumer across the Asia-Pacific as well as the third-largest globally, following the United States and China. The nation accounts for approximately 7% of the global lubricants market's demand. Moreover, the Indian industry space comprises 20 organized players, including Gulf Oil, Castrol, Veedol, Shell, Valvoline, and others.

In contrast, the automotive industry in South Korea is declining, with a steady depreciation in domestic consumption, production, and exports amid the worldwide economic slowdown. This factor significantly intensifies labor strikes as well as competition. Compared to 2018, domestic automobile manufacturing and demand plummeted by 0.8% and 0.3%, respectively, in the first quarter of 2019. Hence, with negative growth in South Korea's automotive industry, the need for viscosity index improvers is anticipated to record moderate growth, as well. As a result, these aspects are set to influence the Asia-Pacific viscosity index (VI) improvers market growth during the forecasting years.

COMPETITIVE INSIGHTS

The top players operating in the market are: Asian Oil Company, Jilin Xingyun Chemical Co Ltd, Shanghai Minglan Chemical Co Ltd, etc.

Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Product Code: 42661

TABLE OF CONTENTS

1. RESEARCH SCOPE & METHODOLOGY

  • 1.1. STUDY OBJECTIVES
  • 1.2. SCOPE OF STUDY
  • 1.3. METHODOLOGY
  • 1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

  • 2.1. MARKET SIZE & ESTIMATES
  • 2.2. MARKET OVERVIEW

3. MARKET DYNAMICS

  • 3.1. KEY DRIVERS
    • 3.1.1. DEMAND FOR HIGH-PERFORMANCE ENGINE OILS
    • 3.1.2. INCREASED CONSUMPTION AND PRODUCTION OF LUBRICANTS
  • 3.2. KEY RESTRAINTS
    • 3.2.1. LONGER OIL CHANGE INTERVALS DUE TO ADVANCEMENTS IN LUBRICANT TECHNOLOGY
    • 3.2.2. ADDITIONAL ASSOCIATED COSTS

4. KEY ANALYTICS

  • 4.1. IMPACT OF COVID-19 ON VISCOSITY INDEX (VI) IMPROVERS MARKET
  • 4.2. KEY MARKET TRENDS
  • 4.3. PORTER'S FIVE FORCES ANALYSIS
    • 4.3.1. BUYERS POWER
    • 4.3.2. SUPPLIERS POWER
    • 4.3.3. SUBSTITUTION
    • 4.3.4. NEW ENTRANTS
    • 4.3.5. INDUSTRY RIVALRY
  • 4.4. OPPORTUNITY MATRIX
  • 4.5. VENDOR LANDSCAPE

5. MARKET BY TYPE

  • 5.1. POLYMETHACRYLATE
  • 5.2. OLEFIN COPOLYMER
  • 5.3. POLYISOBUTYLENE
  • 5.4. OTHER TYPE

6. MARKET BY APPLICATION

  • 6.1. AUTOMOTIVE
    • 6.1.1. PASSENGER VEHICLES
    • 6.1.2. HEAVY DUTY VEHICLES
    • 6.1.3. OTHER VEHICLES
  • 6.2. INDUSTRIAL
  • 6.3. OTHER APPLICATIONS

7. GEOGRAPHICAL ANALYSIS

  • 7.1. ASIA-PACIFIC
    • 7.1.1. MARKET SIZE & ESTIMATES
    • 7.1.2. KEY GROWTH ENABLERS
    • 7.1.3. KEY CHALLENGES
    • 7.1.4. KEY PLAYERS
    • 7.1.5. COUNTRY ANALYSIS
      • 7.1.5.1. CHINA
      • 7.1.5.2. JAPAN
      • 7.1.5.3. INDIA
      • 7.1.5.4. SOUTH KOREA
      • 7.1.5.5. INDONESIA
      • 7.1.5.6. THAILAND
      • 7.1.5.7. VIETNAM
      • 7.1.5.8. AUSTRALIA & NEW ZEALAND
      • 7.1.5.9. REST OF ASIA-PACIFIC

8. COMPETITIVE LANDSCAPE

  • 8.1. KEY STRATEGIC DEVELOPMENTS
    • 8.1.1. MERGERS & ACQUISITIONS
    • 8.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
    • 8.1.3. PARTNERSHIPS & AGREEMENTS
    • 8.1.4. BUSINESS EXPANSIONS & DIVESTITURES
  • 8.2. COMPANY PROFILES
    • 8.2.1. AFTON CHEMICAL CORPORATION
    • 8.2.2. ASIAN OIL COMPANY
    • 8.2.3. BASF SE
    • 8.2.4. BPT CHEMICAL CO LTD
    • 8.2.5. BRB INTERNATIONAL BV
    • 8.2.6. CHEVRON ORONITE COMPANY LLC
    • 8.2.7. CRODA INTERNATIONAL PLC
    • 8.2.8. ENI SPA
    • 8.2.9. EVONIK INDUSTRIES AG
    • 8.2.10. EXXON MOBIL CORPORATION
    • 8.2.11. INFINEUM INTERNATIONAL LIMITED
    • 8.2.12. JILIN XINGYUN CHEMICAL CO LTD
    • 8.2.13. JINZHOU KANGTAI LUBRICANT ADDITIVES CO LTD
    • 8.2.14. LUBRIZOL CORPORATION
    • 8.2.15. SANYO CHEMICAL INDUSTRIES LTD
    • 8.2.16. SHANGHAI MINGLAN CHEMICAL CO LTD

LIST OF TABLES

  • TABLE 1: MARKET SNAPSHOT - VISCOSITY INDEX (VI) IMPROVERS
  • TABLE 2: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
  • TABLE 3: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
  • TABLE 4: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
  • TABLE 5: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
  • TABLE 6: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, BY AUTOMOTIVE APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
  • TABLE 7: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, BY AUTOMOTIVE APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
  • TABLE 8: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
  • TABLE 9: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
  • TABLE 10: LEADING PLAYERS OPERATING IN ASIA-PACIFIC 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: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021
  • FIGURE 6: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, BY POLYMETHACRYLATE, 2022-2030 (IN $ MILLION)
  • FIGURE 7: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, BY OLEFIN COPOLYMER, 2022-2030 (IN $ MILLION)
  • FIGURE 8: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, BY POLYISOBUTYLENE, 2022-2030 (IN $ MILLION)
  • FIGURE 9: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, BY OTHER TYPE, 2022-2030 (IN $ MILLION)
  • FIGURE 10: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021
  • FIGURE 11: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, BY AUTOMOTIVE, 2022-2030 (IN $ MILLION)
  • FIGURE 12: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, GROWTH POTENTIAL, BY AUTOMOTIVE APPLICATION, IN 2021
  • FIGURE 13: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, BY PASSENGER VEHICLES, 2022-2030 (IN $ MILLION)
  • FIGURE 14: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, BY HEAVY DUTY VEHICLES, 2022-2030 (IN $ MILLION)
  • FIGURE 15: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, BY OTHER VEHICLES, 2022-2030 (IN $ MILLION)
  • FIGURE 16: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, BY INDUSTRIAL, 2022-2030 (IN $ MILLION)
  • FIGURE 17: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, BY OTHER APPLICATIONS, 2022-2030 (IN $ MILLION)
  • FIGURE 18: ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
  • FIGURE 19: CHINA VISCOSITY INDEX (VI) IMPROVERS MARKET, 2022-2030 (IN $ MILLION)
  • FIGURE 20: JAPAN VISCOSITY INDEX (VI) IMPROVERS MARKET, 2022-2030 (IN $ MILLION)
  • FIGURE 21: INDIA VISCOSITY INDEX (VI) IMPROVERS MARKET, 2022-2030 (IN $ MILLION)
  • FIGURE 22: SOUTH KOREA VISCOSITY INDEX (VI) IMPROVERS MARKET, 2022-2030 (IN $ MILLION)
  • FIGURE 23: INDONESIA VISCOSITY INDEX (VI) IMPROVERS MARKET, 2022-2030 (IN $ MILLION)
  • FIGURE 24: THAILAND VISCOSITY INDEX (VI) IMPROVERS MARKET, 2022-2030 (IN $ MILLION)
  • FIGURE 25: VIETNAM VISCOSITY INDEX (VI) IMPROVERS MARKET, 2022-2030 (IN $ MILLION)
  • FIGURE 26: AUSTRALIA & NEW ZEALAND VISCOSITY INDEX (VI) IMPROVERS MARKET, 2022-2030 (IN $ MILLION)
  • FIGURE 27: REST OF ASIA-PACIFIC VISCOSITY INDEX (VI) IMPROVERS MARKET, 2022-2030 (IN $ MILLION)