EUROPE VISCOSITY INDEX IMPROVERS MARKET 2022-2028

Chemicals & Materials | Specialty Chemicals

EUROPE VISCOSITY INDEX IMPROVERS MARKET 2022-2028

Market by Product Type, End-user, and Country | Forecast 2022-2028

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The viscosity index improvers market in Europe is expected to develop with 2.75% of CAGR over the forecasting years 2022 to 2028.


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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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Table of Content

1. 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

6.6. LUBRIZOL CORPORATION

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

List of Tables

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)       

List of Figures

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)       

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