![]() ![]() In the past couple of years, oil prices have declined, which has also impacted the price of base oil and viscosity index improvers (VVI). Quality Standards Boost Product Acceptance As consumers are becoming more conscious about car and engine oil maintenance, the availability of high mileage oil serves as an add-on for consumers who seek efficient vehicle performance. The demand for high mileage oil is also fueling the realm of the viscosity index improvers market for automotive. Manufacturers are competing on the data front by collating on engine/fleet service data that supports the development of advanced additive and lubricant formulations. Get an idea about the offerings of our report from Report Brochure This demand has given rise to multi-function engine oils that also keep the oil system clean, protect the oil system from corrosion, and suppress foaming. This shows that, consumers are highly dependent on stakeholders in the automotive supply chain for high-performance gear and engine oils that withstand extreme temperatures and contamination. In the viscosity index improvers market for automotive, the production of oil additives for passenger car motor oil (PCMO) was valued at ~400 kilo tons in 2018. To gauge the scope of customization in our reports Ask for a Sample High-performance Oil Additives Fuel Market Growth The growing demand for HSD copolymers is influenced by their stability and thickening ability in long-span multistage internal combustion engine oil. On the other hand, manufacturers in the viscosity index improvers market for automotive are innovating suitable copolymer combinations such as hydrogenated styrene-isoprene (HSD) copolymers that enhance thermal oxidation stability in vehicle engines. These nanoparticles significantly reduce viscosity, which helps in preventing damage caused while starting an engine in a cold start condition. Due to this rising trend, manufacturers are unveiling nanolubricant engine oils with a combination of MWCNT (multi wall carbon nanotubes)-ZnO ( zinc oxide nanoparticles). The production of engine oil is estimated to reach ~1,004 kilotons by 2027 in the viscosity index improvers market for automotive. These engine oils are being increasingly used in light-duty automotive industries to reach higher ability and efficiency in vehicles, in comparison with ordinary engine oils. For this, manufacturers in the viscosity index improvers market for automotive are developing engine oils with nanoparticles to reduce engine damages. In the automotive space, manufacturers are developing novel techniques to avoid cold start engine damages. Nanoparticles and Copolymer Combinations Intensify Capabilities in Engine Oil ![]()
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