Market by Product Type, End-user, and Country | Forecast 2022-2028
As per Triton Market Research, the Asia-Pacific viscosity index
improvers market is expected to grow with a CAGR of 3.24% in the forecasting
duration from 2022-2028.
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The countries studied in this market include:
• South Korea
• Japan
• India
• ASEAN countries
• Australia & New
Zealand
• Rest of Asia-Pacific
India
is the second-largest consumer of lubricants in the Asia-Pacific, and the third-largest
in the world, following the United States and China. The nation holds nearly 7%
of the total share in the global lubricants market. The Indian market has 20
organized players, including Castrol, Gulf Oil, Shell, Veedol, Total, and
Valvoline, among others. Besides, the public sector oil marketing companies
here also dominate the market. In the past few years, private players have
begun to grow rapidly, due to their expansive reach and innovative products
& services. This trend is anticipated to continue in the long run, and the
positive outlook for the lubricants industry is expected to benefit the market
for viscosity index improvers in the coming years.
Estimates
from OICA suggest that India produced 2.16 million vehicle units from January
to September 2020. This was a major decline of 38.4%, compared to 3.51 million
units in the same period during the preceding year. The spread of the COVID-19
pandemic further affected the manufacturing and construction industries in
early 2020. However, supportive government initiatives, such as ‘Make
in India’ and ‘Atma Nirbhar Bharat,’ are
likely to bolster the automotive industry. This, in turn, will influence the
demand for viscosity index improvers in India in the coming period.
Jilin
Xingyun Chemical Co Ltd is engaged in chemical production businesses. The
company produces acrylonitrile catalysts, polyethylene catalysts, anti-freezing
fluids, oil refining auxiliaries, dispersants, hexane, and lubricant oil
products. It has 13 production facilities, with more than a 100 varieties of
products. Jilin Xingyun Chemical has 4 production bases located in Jilin
Chuanying District, Jilin Economic Development Zone, Jilin Longtan Chemical
Industry Park, and Shandong Province. The company was founded in 1993, and is
headquartered in Jilin City, China.
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VIEW REPORT1. ASIA-PACIFIC
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. EMERGENCE
OF THE ASIA-PACIFIC AS A MANUFACTURING HUB
2.6.2. RISE
IN THE DEMAND FOR LUBRICANTS
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
2.8.2. INCREASING
CONSUMPTION OF ENGINE OILS
3. ASIA-PACIFIC
VISCOSITY INDEX IMPROVERS MARKET OUTLOOK – BY PRODUCT TYPE
3.1. POLYMETHACRYLATE
3.2. OLEFIN
COPOLYMER
3.3. POLYISOBUTYLENE
3.4. OTHER
PRODUCT TYPE
4. ASIA-PACIFIC
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. ASIA-PACIFIC
VISCOSITY INDEX IMPROVERS MARKET – REGIONAL OUTLOOK
5.1. CHINA
5.2. JAPAN
5.3. INDIA
5.4. SOUTH
KOREA
5.5. ASEAN
COUNTRIES
5.6. AUSTRALIA
& NEW ZEALAND
5.7. REST
OF ASIA-PACIFIC
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: ASIA-PACIFIC
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: ASIA-PACIFIC
VISCOSITY INDEX IMPROVERS MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC
VISCOSITY INDEX IMPROVERS MARKET, BY END-USERS, 2022-2028 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC
VISCOSITY INDEX IMPROVERS MARKET, BY AUTOMOTIVE, 2022-2028 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC
VISCOSITY INDEX IMPROVERS MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: ASIA-PACIFIC VISCOSITY INDEX IMPROVERS MARKET, PRODUCT OUTLOOK,
2021 & 2028 (IN %)
FIGURE 3: ASIA-PACIFIC VISCOSITY INDEX IMPROVERS MARKET, BY
POLYMETHACRYLATE, 2022-2028 (IN $ MILLION)
FIGURE 4: ASIA-PACIFIC VISCOSITY INDEX IMPROVERS MARKET, BY OLEFIN
COPOLYMER, 2022-2028 (IN $ MILLION)
FIGURE 5: ASIA-PACIFIC VISCOSITY INDEX IMPROVERS MARKET, BY
POLYISOBUTYLENE, 2022-2028 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC VISCOSITY INDEX IMPROVERS MARKET, BY OTHER PRODUCT
TYPE, 2022-2028 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC VISCOSITY INDEX IMPROVERS MARKET, END-USERS
OUTLOOK, 2021 & 2028 (IN %)
FIGURE 8: ASIA-PACIFIC VISCOSITY INDEX IMPROVERS MARKET, BY AUTOMOTIVE,
2022-2028 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC VISCOSITY INDEX IMPROVERS MARKET, BY INDUSTRIAL,
2022-2028 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC VISCOSITY INDEX IMPROVERS MARKET, BY OTHER
END-USERS, 2022-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC VISCOSITY INDEX IMPROVERS MARKET, REGIONAL
OUTLOOK, 2021 & 2028 (IN %)
FIGURE 12: CHINA VISCOSITY INDEX IMPROVERS MARKET 2022-2028 (IN $
MILLION)
FIGURE 13: JAPAN VISCOSITY INDEX IMPROVERS MARKET 2022-2028 (IN $
MILLION)
FIGURE 14: INDIA VISCOSITY INDEX IMPROVERS MARKET 2022-2028 (IN $ MILLION)
FIGURE 15: SOUTH KOREA VISCOSITY INDEX IMPROVERS MARKET 2022-2028 (IN $
MILLION)
FIGURE 16: ASEAN COUNTRIES VISCOSITY INDEX IMPROVERS MARKET 2022-2028 (IN
$ MILLION)
FIGURE 17: AUSTRALIA & NEW ZEALAND VISCOSITY INDEX IMPROVERS MARKET
2022-2028 (IN $ MILLION)
FIGURE 18: REST OF ASIA PACIFIC VISCOSITY INDEX IMPROVERS MARKET
2022-2028 (IN $ MILLION)