MIDDLE EAST AND AFRICA VISCOSITY INDEX IMPROVERS MARKET 2022-2028

Chemicals & Materials | Specialty Chemicals

MIDDLE EAST AND AFRICA VISCOSITY INDEX IMPROVERS MARKET 2022-2028

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

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Triton Market Research has estimated the viscosity index improvers market in the Middle East and Africa to show an upward trend, and progress with a CAGR of 3.14% over the forecast years from 2022 to 2028.


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The countries scrutinized in this market are:

•           Saudi Arabia

•           South Africa

•           Turkey

•           United Arab Emirates

•           Rest of the Middle East & Africa

The UAE has become an attractive market for domestic as well as foreign investors, owing to a supportive business environment, strong connection with international markets, state-of-the-art infrastructure, and a very dynamic private sector. In 2019, projects amounting to $73.1 billion were completed in the country, showing an increase of 9%. With several projects related to Dubai Expo nearing completion, other sectors, like transport, infrastructure, energy, and utility projects, are expected to maintain strong activity in the field of construction.

Data from Emirates NBD suggests that the UAE is the second-largest automotive market in the Gulf Cooperation Council, following Saudi Arabia. Passenger cars account for a share of nearly 80% of the regional automotive market. The government of the country has planned to develop a new automotive city near Abu Dhabi. The first phase of the project has already commenced, and it is estimated to cost an outlay of AED 1.6 billion on its infrastructure. This, in turn, is anticipated to boost the demand for viscosity index improvers in the country. The increased demand will support the market growth in the years to come.

ENI SpA is an oil and gas company that is engaged in the exploration, development, production, and marketing of oil, natural gas, and LNG. It supplies and markets natural gas in retail and wholesale markets. It also manufactures, supplies, distributes, and markets chemical and oil products. The company undertakes projects for building and operating liquefaction plants of natural gas. ENI SpA has its business operations across the Middle East and Africa, among others. Founded in 1953, the company has a strong workforce of 31,495 employees.

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Table of Content

1. MIDDLE EAST AND AFRICA 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. INDUSTRIAL GROWTH IN THE MIDDLE EAST AND AFRICA

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. INCREASING CONSUMPTION OF ENGINE OILS

3. MIDDLE EAST AND AFRICA VISCOSITY INDEX IMPROVERS MARKET OUTLOOK – BY PRODUCT TYPE

3.1. POLYMETHACRYLATE

3.2. OLEFIN COPOLYMER

3.3. POLYISOBUTYLENE

3.4. OTHER PRODUCT TYPE

4. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA VISCOSITY INDEX IMPROVERS MARKET – REGIONAL OUTLOOK

5.1. UNITED ARAB EMIRATES

5.2. SAUDI ARABIA

5.3. TURKEY

5.4. SOUTH AFRICA

5.5. REST OF MIDDLE EAST & AFRICA

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: MIDDLE EAST AND AFRICA 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: MIDDLE EAST AND AFRICA VISCOSITY INDEX IMPROVERS MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)  

TABLE 8: MIDDLE EAST AND AFRICA VISCOSITY INDEX IMPROVERS MARKET, BY END-USERS, 2022-2028 (IN $ MILLION)        

TABLE 9: MIDDLE EAST AND AFRICA VISCOSITY INDEX IMPROVERS MARKET, BY AUTOMOTIVE, 2022-2028 (IN $ MILLION)       

TABLE 10: MIDDLE EAST AND AFRICA VISCOSITY INDEX IMPROVERS MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)   

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX       

FIGURE 2: MIDDLE EAST AND AFRICA VISCOSITY INDEX IMPROVERS MARKET, PRODUCT OUTLOOK, 2021 & 2028 (IN %)  

FIGURE 3: MIDDLE EAST AND AFRICA VISCOSITY INDEX IMPROVERS MARKET, BY POLYMETHACRYLATE, 2022-2028 (IN $ MILLION)   

FIGURE 4: MIDDLE EAST AND AFRICA VISCOSITY INDEX IMPROVERS MARKET, BY OLEFIN COPOLYMER, 2022-2028 (IN $ MILLION)        

FIGURE 5: MIDDLE EAST AND AFRICA VISCOSITY INDEX IMPROVERS MARKET, BY POLYISOBUTYLENE, 2022-2028 (IN $ MILLION)       

FIGURE 6: MIDDLE EAST AND AFRICA VISCOSITY INDEX IMPROVERS MARKET, BY OTHER PRODUCT TYPE, 2022-2028 (IN $ MILLION)  

FIGURE 7: MIDDLE EAST AND AFRICA VISCOSITY INDEX IMPROVERS MARKET, END-USERS OUTLOOK, 2021 & 2028 (IN %)

FIGURE 8: MIDDLE EAST AND AFRICA VISCOSITY INDEX IMPROVERS MARKET, BY AUTOMOTIVE, 2022-2028 (IN $ MILLION)       

FIGURE 9: MIDDLE EAST AND AFRICA VISCOSITY INDEX IMPROVERS MARKET, BY INDUSTRIAL, 2022-2028 (IN $ MILLION)          

FIGURE 10: MIDDLE EAST AND AFRICA VISCOSITY INDEX IMPROVERS MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)          

FIGURE 11: MIDDLE EAST AND AFRICA VISCOSITY INDEX IMPROVERS MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)  

FIGURE 12: UNITED ARAB EMIRATES VISCOSITY INDEX IMPROVERS MARKET 2022-2028 (IN $ MILLION)   

FIGURE 13: SAUDI ARABIA VISCOSITY INDEX IMPROVERS MARKET 2022-2028 (IN $ MILLION)      

FIGURE 14: TURKEY VISCOSITY INDEX IMPROVERS MARKET 2022-2028 (IN $ MILLION) 

FIGURE 15: SOUTH AFRICA VISCOSITY INDEX IMPROVERS MARKET 2022-2028 (IN $ MILLION)      

FIGURE 16: REST OF MIDDLE EAST & AFRICA VISCOSITY INDEX IMPROVERS MARKET 2022-2028 (IN $ MILLION)

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