Latin America Viscosity Index Improvers Market 2022-2028

This research report puts forth that the viscosity index improvers market in Latin America would exhibit a CAGR of 3.08% over the forecast years from 2022 to 2028. Mexico, Brazil, and Rest of Latin America together make the market in this region.

Chile is an emerging economy in Rest of Latin America. Nearly a third of the value added by the manufacturing sector is from the production of food, beverage, and tobacco products. The country has strengthened its position as one of the key players in the global food industry. The domestic food processing sector accounts for 25% of the economy, with annual sales worth $34 billion. Nestlé Chile SA, Agrosuper SA, CCU SA, Colún Ltda, Empresas Carozzi SA, and Agrícola Ariztía are some of the major food processing companies present here.

Moreover, post-2018, the Chilean construction industry witnessed a resurgence, following many years of downfall. The increase in investments by international players, owing to the implementation of a new FDI policy, has been a major factor driving the industry’s growth. In 2019, construction projects worth nearly $25 million were at various stages of development. This, in turn, has led to an increase in the demand for lubricants, and, as a result, for viscosity index improvers. The growing demand is expected to fuel the development of the viscosity index improvers market in the coming period.

COMPETITIVE OUTLOOK

The eminent names in the viscosity index improvers market are Jilin Xingyun Chemical Co Ltd, Infineum International Limited, Evonik Industries AG, Lubrizol Corporation, Exxon Mobil Corporation, Asian Oil Company, Jinzhou Kangtai Lubricant Additives Co Ltd, and Croda International Plc.

1. Latin America 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. Increasing Consumption of Engine Oils

3. Latin America Viscosity Index Improvers Market Outlook - by Product Type
3.1. Polymethacrylate
3.2. Olefin Copolymer
3.3. Polyisobutylene
3.4. Other Product Type

4. Latin America 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. Latin America Viscosity Index Improvers Market - Regional Outlook
5.1. Brazil
5.2. Mexico
5.3. Rest of Latin America

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: Latin America 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: Latin America Viscosity Index Improvers Market, by Product Type, 2022-2028 (In $ Million)
Table 8: Latin America Viscosity Index Improvers Market, by End-Users, 2022-2028 (In $ Million)
Table 9: Latin America Viscosity Index Improvers Market, by Automotive, 2022-2028 (In $ Million)
Table 10: Latin America Viscosity Index Improvers Market, by Country, 2022-2028 (In $ Million)List of Figures
Figure 1: Market Attractiveness Index
Figure 2: Latin America Viscosity Index Improvers Market, Product Outlook, 2021 & 2028 (In %)
Figure 3: Latin America Viscosity Index Improvers Market, by Polymethacrylate, 2022-2028 (In $ Million)
Figure 4: Latin America Viscosity Index Improvers Market, by Olefin Copolymer, 2022-2028 (In $ Million)
Figure 5: Latin America Viscosity Index Improvers Market, by Polyisobutylene, 2022-2028 (In $ Million)
Figure 6: Latin America Viscosity Index Improvers Market, by Other Product Type, 2022-2028 (In $ Million)
Figure 7: Latin America Viscosity Index Improvers Market, End-Users Outlook, 2021 & 2028 (In %)
Figure 8: Latin America Viscosity Index Improvers Market, by Automotive, 2022-2028 (In $ Million)
Figure 9: Latin America Viscosity Index Improvers Market, by Industrial, 2022-2028 (In $ Million)
Figure 10: Latin America Viscosity Index Improvers Market, by Other End-Users, 2022-2028 (In $ Million)
Figure 11: Latin America Viscosity Index Improvers Market, Regional Outlook, 2021 & 2028 (In %)
Figure 12: Brazil Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 13: Mexico Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 14: Rest of Latin America Viscosity Index Improvers Market 2022-2028 (In $ Million)