The "Europe Viscosity Index Improvers Market 2022-2028" report has been added to ResearchAndMarkets.com's offering.
Europe's viscosity index improvers market is expected to record growth with a CAGR of 2.75% during the projected years between 2022 and 2028. France, Germany, the United Kingdom, Russia, Spain, Italy, and Rest of Europe together form the market in this region.
Companies Mentioned
- Afton Chemical Corporation
- Basf Se
- Chevron Oronite Company LLC
- Evonik Industries AG
- Bpt Chemical Co Ltd
- Lubrizol Corporation
- Infineum International Limited
- Sanyo Chemical Industries Ltd
- Croda International plc
- Brb International Bv
- Jinzhou Kangtai Lubricant Additives Co Ltd
- Shanghai Minglan Chemical Co Ltd
- Jilin Xingyun Chemical Co Ltd
- Exxon Mobil Corporation
- Eni Spa
- Asian Oil Company
With an average yearly turnover of close to $20 billion, the aerospace industry in Italy ranks fourth in the European region and seventh in the world. The nation is also a large manufacturer of high-tech integrated systems. The growth prospects of the aerospace industry have been significantly affected in recent times, owing to the spread of the pandemic. Data from the Italian Aerospace Industry Federation (AIAD) indicates that aerospace manufacturing firms are concentrated in various areas in the country, including Lombardy, Piedmont, Puglia, Lazio, Umbria, and Campania.
Currently, Italy is focusing on replacing nearly 200 Boeing 757 and 767 aircraft, owing to safety concerns. Such plans have opened up growth opportunities for manufacturers like Boeing and Airbus. Considering the bright future prospects, Boeing is planning to introduce a new plane; whereas, Airbus is developing an upgraded version of A321, and a bigger model of its A330neo.
This, in turn, is expected to increase the consumption of lubricants, and consequently aid the growth of the viscosity index improvers market in the near future. Further, the nation is recovering from the pandemic after-effects, and the government is also planning to strategize industrial manufacturing. These factors are also expected to influence the growth of the studied market in the projected period.
Key Topics Covered:
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
7. Research Methodology Scope
For more information about this report visit https://www.researchandmarkets.com/r/obip53
View source version on businesswire.com: https://www.businesswire.com/news/home/20211217005497/en/
Contacts:
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
