Market by Product Type, End-user, and Country | Forecast 2022-2028
The viscosity index improvers market in Europe is expected to develop with 2.75% of CAGR over the forecasting years 2022 to 2028.
The countries studied in this market are:
• The United Kingdom
• Germany
• Russia
• Italy
• France
• Spain
• Rest of Europe
In 2019, the construction industry in the UK recorded a growth of
2.5%. Also, the government of the country has planned to invest 1-2% of the
total GDP for infrastructural development, between 2020 and 2050, under the
National Productivity Investment Fund (NPIF). Under the NPIF, it is also
planning to invest $28.27 billion on housing, transport, and science &
innovation in the next five years, of which around $8.85 billion has been
allocated for the construction of new homes.
Additionally,
the government’s investments worth GBP 100 billion in large-scale housing &
redevelopment projects, along with the construction of key social
infrastructure, such as hospitals, schools, prisons, etc., is expected to raise
the demand for lubricant additives used for construction purposes. This, in
turn, is expected to increase the demand for viscosity index improvers, and
fuel the market’s growth.
Germany
is the largest economy in Europe, and the fifth-largest in the world. It is one
of the largest lubricant consumers in the region. With a gradual rise in
automotive sales and production, as a result of the rising demand for premium
cars, the demand for automotive lubricants is also expected to grow in the
country. An increase in the manufacturing of transport equipment & machinery
and growth in the food & beverage industry are also expected to enhance the
demand and consumption of industrial lubricants. This, in turn, is anticipated
to favor the growth of the viscosity index improvers market in Germany in the
forthcoming period.
Croda
International Plc is a company that manufactures and sells specialty chemicals.
The company’s product range consists of humectants, cellulose derivatives,
synthetic waxes, surfactants, and polymeric emulsifiers. Croda offers products
in polymers & coatings, lubricants, healthcare/nutrition, personal care,
home care, textiles, polymer additives, agrochemicals, fibers, and general
industrial applications. Founded in 1925, the UK-based company is headquartered
in Snaith East Yorkshire, Goole.
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VIEW REPORT1. EUROPE
VISCOSITY INDEX IMPROVERS MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. KEY
MARKET STRATEGIES
2.1.1. ACQUISITIONS
2.1.2. PRODUCT
DEVELOPMENTS
2.1.3. CONTRACTS
& AGREEMENTS
2.1.4. INVESTMENTS
& EXPANSIONS
2.2. IMPACT
OF COVID-19 ON THE VISCOSITY INDEX IMPROVERS INDUSTRY
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. MARKET
DRIVERS
2.6.1. RISE
IN THE DEMAND FOR LUBRICANTS
2.6.2. INCREASING
CONSUMPTION OF ENGINE OILS
2.7. MARKET
CHALLENGES
2.7.1. LONGER
DRAIN INTERVALS FOR HIGH-GRADE LUBRICANTS
2.7.2. COST
CONSTRAINTS
2.8. MARKET
OPPORTUNITIES
2.8.1. AUTOMOTIVE
PRODUCTION GROWTH IN THE ASIA-PACIFIC AND EUROPE
3. EUROPE
VISCOSITY INDEX IMPROVERS MARKET OUTLOOK – BY PRODUCT TYPE
3.1. POLYMETHACRYLATE
3.2. OLEFIN
COPOLYMER
3.3. POLYISOBUTYLENE
3.4. OTHER
PRODUCT TYPE
4. EUROPE
VISCOSITY INDEX IMPROVERS MARKET OUTLOOK – BY END-USER
4.1. AUTOMOTIVE
4.1.1. PASSENGER
VEHICLES
4.1.2. HEAVY-DUTY
VEHICLES
4.1.3. OTHER
VEHICLES
4.2. INDUSTRIAL
4.3. OTHER
END-USERS
5. EUROPE
VISCOSITY INDEX IMPROVERS MARKET – REGIONAL OUTLOOK
5.1. UNITED
KINGDOM
5.2. GERMANY
5.3. FRANCE
5.4. SPAIN
5.5. ITALY
5.6. RUSSIA
5.7. REST
OF EUROPE
6. COMPETITIVE
LANDSCAPE
6.1. AFTON
CHEMICAL CORPORATION
6.2. BASF
SE
6.3. CHEVRON
ORONITE COMPANY LLC
6.4. EVONIK
INDUSTRIES AG
6.5. BPT
CHEMICAL CO LTD
6.7. INFINEUM
INTERNATIONAL LIMITED
6.8. SANYO
CHEMICAL INDUSTRIES LTD
6.9. CRODA
INTERNATIONAL PLC
6.10. BRB
INTERNATIONAL BV
6.11. JINZHOU
KANGTAI LUBRICANT ADDITIVES CO LTD
6.12. SHANGHAI
MINGLAN CHEMICAL CO LTD
6.13. JILIN
XINGYUN CHEMICAL CO LTD
6.14. EXXON
MOBIL CORPORATION
6.15. ENI
SPA
6.16. ASIAN
OIL COMPANY
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1: EUROPE
VISCOSITY INDEX IMPROVERS MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
TABLE 2: LIST OF
ACQUISITIONS
TABLE 3: LIST OF
PRODUCT DEVELOPMENTS
TABLE 4: LIST OF
CONTRACTS & AGREEMENTS
TABLE 5: LIST OF
INVESTMENTS & EXPANSIONS
TABLE 6: VENDOR
SCORECARD
TABLE 7: EUROPE
VISCOSITY INDEX IMPROVERS MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)
TABLE 8: EUROPE
VISCOSITY INDEX IMPROVERS MARKET, BY END-USERS, 2022-2028 (IN $ MILLION)
TABLE 9: EUROPE
VISCOSITY INDEX IMPROVERS MARKET, BY AUTOMOTIVE, 2022-2028 (IN $ MILLION)
TABLE 10: EUROPE
VISCOSITY INDEX IMPROVERS MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: EUROPE VISCOSITY INDEX IMPROVERS MARKET, PRODUCT OUTLOOK, 2021
& 2028 (IN %)
FIGURE 3: EUROPE VISCOSITY INDEX IMPROVERS MARKET, BY POLYMETHACRYLATE,
2022-2028 (IN $ MILLION)
FIGURE 4: EUROPE VISCOSITY INDEX IMPROVERS MARKET, BY OLEFIN COPOLYMER,
2022-2028 (IN $ MILLION)
FIGURE 5: EUROPE VISCOSITY INDEX IMPROVERS MARKET, BY POLYISOBUTYLENE,
2022-2028 (IN $ MILLION)
FIGURE 6: EUROPE VISCOSITY INDEX IMPROVERS MARKET, BY OTHER PRODUCT TYPE,
2022-2028 (IN $ MILLION)
FIGURE 7: EUROPE VISCOSITY INDEX IMPROVERS MARKET, END-USERS OUTLOOK,
2021 & 2028 (IN %)
FIGURE 8: EUROPE VISCOSITY INDEX IMPROVERS MARKET, BY AUTOMOTIVE,
2022-2028 (IN $ MILLION)
FIGURE 9: EUROPE VISCOSITY INDEX IMPROVERS MARKET, BY INDUSTRIAL,
2022-2028 (IN $ MILLION)
FIGURE 10: EUROPE VISCOSITY INDEX IMPROVERS MARKET, BY OTHER END-USERS,
2022-2028 (IN $ MILLION)
FIGURE 11: EUROPE VISCOSITY INDEX IMPROVERS MARKET, REGIONAL OUTLOOK,
2021 & 2028 (IN %)
FIGURE 12: UNITED KINGDOM VISCOSITY INDEX IMPROVERS MARKET 2022-2028 (IN
$ MILLION)
FIGURE 13: GERMANY VISCOSITY INDEX IMPROVERS MARKET 2022-2028 (IN $
MILLION)
FIGURE 14: FRANCE VISCOSITY INDEX IMPROVERS MARKET 2022-2028 (IN $
MILLION)
FIGURE 15: SPAIN VISCOSITY INDEX IMPROVERS MARKET 2022-2028 (IN $
MILLION)
FIGURE 16: ITALY VISCOSITY INDEX IMPROVERS MARKET 2022-2028 (IN $
MILLION)
FIGURE 17: RUSSIA VISCOSITY INDEX IMPROVERS MARKET 2022-2028 (IN $
MILLION)
FIGURE 18: REST OF EUROPE VISCOSITY INDEX IMPROVERS MARKET 2022-2028 (IN
$ MILLION)