MarkWide Research


Viscosity Index Improvers Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: August, 2022
No of Pages: 174
Delivery Format: PDF + Excel


Report Description

The viscosity Index Market size for Improvers was estimated to be USD 118.99 million in 2020. It is expected to grow to USD 196.16 Million by 2028. This will grow at an average rate of 6.42 percent from 2021 until 2028.

Lubricants are utilized to decrease wear and tear, thus extending the equipment’s life. Because of this, there’s a surge in the need for oils, which increases the demand for the Viscosity Index improvers market. This Global Viscosity Index Improvers Market report offers a comprehensive analysis of the industry. It provides an in-depth review of the most important segments and drivers, trends, restraints and the competitive landscape, and elements that play an essential role in the scene.

Global Viscosity Index Improvers Market Definition

Viscosity refers to the internal resistance of the molecules in fluids to flow. Viscosity index (VI) improvers include chemical substances that are typically added to lubricants to prevent the idea, i.e., decreasing the viscosity of the fat as the rise in temperature to ensure consistency of performance with different temperatures. VI improvers are made up of polymer molecules that expand as temperatures rise. As the molecules stretch and grow, the friction between the fluid molecules increases and causes the fluid to flow at a lower rate, eventually increasing the viscosity.

Global Viscosity Index Improvers Market Overview

The report’s market outlook section concentrates on fundamental aspects of the market that include drivers, restraints, opportunities, and challenges that confront the business. Conditions and drivers are integral, while opportunities and challenges are external to the market.

Lubricants help reduce friction in two parts by applying a film to prevent direct contact between the moving parts and decrease the losses in the clash, improving the parts’ longevity. However, due to the connection between moving parts, particularly at high speed, the temperature rises, increasing the fluid’s temperatures as it is introduced. This results in thinning of the lubricant, which could result in the vaporization or loss of characteristics of the liquid. Different additives such as Viscosity Index Enhancers are added to increase the lubricants’ effectiveness and consistency in varying temperatures to ensure that the oil is efficient in higher temperatures. Fats are used extensively in industrial and automobile applications. The quality of lubricant is a factor that determines the longevity of a part of machinery that is used in industries. Because of the significant capital investment that companies invest in the machinery they are continuously operating, it becomes essential to take preventive actions, corrective maintenance, and breakdown repair maintenance.

Lubricants are utilized to decrease wear and tear and extend the life of machinery. This is why there is an increase in the need for fats, which stimulates the demand for Viscosity Index Improvers Market. Automobiles make use of brake fluids, engine lubricants, and transmission oil. And require frequent refills to ensure the smooth operation and longevity of the car. Because of this, there’s a surge in need for premium fluids that operate at different temperatures, which aligns with the demand for VI enhancers and fuels the expansion in the marketplace.

MarkWide Research narrows down the available information using primary sources to confirm the data and utilize it to compile a full-featured Market research report. The report estimates qualitative and quantitative aspects of market components that are important to the consumer. The Global Viscosity Index Improvers Market is mainly divided into sub-segments that can offer detailed information about the latest developments in the market.

Global Viscosity Index Improvers Market Segmentation Analysis

The Viscosity Index Global Enhancers Market is classified according to the type of product, its Application, and Geographical.

Viscosity Index Improvers Market, By Application

  • Automotive Lubricants
  • Industrial Lubricants

Based on Application, The market is divided into Automotive Lubricants and Industrial Lubricants.

Viscosity Index Improvers Market, By Product Type

  • Olefin Copolymer VI Improver (OCP)
  • Polymethacrylate Viscosity Index Improver (PMA)
  • Others

Based on the product type, the market is split into Olefin Copolymer VI Improvement (OCP), Polymethacrylate Viscosity Index Enhancer (PMA), and others.

Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Poland
    • Russia
    • The Netherlands
    • Norway
    • Czech Republic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Singapore
    • Australia & New Zealand
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Northern Africa
    • Rest of MEA

Based on Geography, The Global Viscosity index Enhancers Market is divided into North America, Europe, Asia Pacific, and the Rest of the World.

Key Players

The Global Viscosity Index Improvers Market study report will provide a valuable insight with an emphasis on the global market, including some of the major players such as Lubrizol, Amtecol, Oronite, Infineum, Afton, BASF, Evonik, Sanyo Chemical, Shengyang Greatwall, ENI, Shanghai High-Lube Additives, Amtecol, BRB International BV, Chevron, Infineum, PetroChina International (Canada) Trading Ltd., YASHIKE LAIEN,

Our market analysis also includes separate sections devoted to major players, where our analysts offer an analysis of the financials of all major players, its benchmarking of their products, and SWOT analyses. The section on competitive landscape includes development strategies for key players and market share and ranking analysis for the mentioned players worldwide.

Key Developments

Partnerships, Collaborations, and Agreements

The month of August will be 2020. Lubrizol Advanced Materials, Inc. The pioneers and most prominent manufacturer of CPVC compound worldwide, as well as Prince Pipes and Fittings Ltd., have signed a FlowGuard CPVC Processor contract to manufacture and sell Prince FlowGuard Plus CPVC (Chlorinated polyvinyl chloride) fittings and pipes in India. FlowGuard Plus products will be available in India starting in September by Prince Pipes and Fittings Ltd.

Motul, a supplier of automotive lubricants, entered into an agreement with Suzuki GB PLC in December 2017. Due to this agreement, Suzuki is officially recommending Motul oil for their automotive motorcycle, marine, and products.

Mergers and Acquisitions

Evonik Industries launched a new business line of oil additives in March of 2019. The methacrylate monomers division of the company was merged into the existing business line. The two lines of business will be joined to create an oil additives business line in the Evonik Industries resource efficiency sector. This plan aims to boost the company’s production capacity and technological efficiency.

Evonik Industries acquired Air Products and Chemicals Inc.s specialty additives division in January 2017. The acquisition will be integrated within the divisions of business nutrition and health and efficiency of resources. This acquisition enhances the company’s position in the market for specialty additives.

Product Launches and Product Expansions

Orontes add-on plant in Gonfreville, France, began mixing PARATONE viscosity enhancer concentrates in 2018.

Lubrizol Corporation announced in October 2018 that it was planning to invest over $25 million in its Calvert City, Kentucky, production site to meet growing demand from customers. The investment is added to the site’s recent US$10 million expansion to raise the company’s safety standards and build an internationally recognized quality laboratory.

Report Scope

UNITValue (USD Million)
KEY COMPANIES PROFILEDLubrizol, Oronite, Infineum, ENI, Afton, Amtecol, BRB International BV, BASF, Evonik ,Sanyo Chemical, Shengyang Greatwall, Shanghai High-Lube Additives, Chevron, YASHIKE LAIEN, PetroChina International,
By Product Type
By Geography
CUSTOMIZATION SCOPEFree report customization (equivalent up to 4 analysts working days) with purchase. Addition or alteration to country, regional & segment scope

The reasons to purchase this report

  1. Quantitative and qualitative analysis of the market, based on segments that include both economic and non-economic variables
  2. The market values (USD Billion) information for every segment and sub-segment
  3. The region and segment expected to see the most rapid growth and also dominate the market
  4. Geography analysis highlights the demand for the product or service within the region and provides information on the variables that affect the market in each area.
  5. A competitive landscape that includes the market share of the most prominent players, as well as new launches of products or services and partnerships, as well as business expansions, and acquisitions over the last five years of the companies that are profiled
  6. A comprehensive company profile that includes a company overview, company information, SWOT analysis, and product benchmarking for the top market players
  7. The present and future outlook for the sector about the latest developments (which include growth opportunities and drivers, as also challenges and limitations of emerging as well as developed regions
  8. In-depth analysis of the market from diverse perspectives by Porter’s five force analysis
  9. Gives market insight through Value Chain
  10. Market dynamics and dynamics and opportunities to grow the market over the coming years
  11. Support for sales analysts after 6 months.
  12. Customization of the Report

If you have any questions or customization requirements, please get in touch with our sales staff, who will ensure that your needs are fulfilled.

Table of Contents

1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions


3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources

4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5.1 Overview
5.2 Automotive Lubricants
5.3 Industrial Lubricants

6.1 Overview
6.2 lfn lmr V mrvr ()
6.3 lmthrlt Vt nd mrvr ()
6.4 Others

7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East

8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies


9.1 Lubrizol
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments

9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments

9.3BRB International BV
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments

9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments

9.5 BASF
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments

9.6 Evonik
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments

9.7 Sanyo Chemical
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments

9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments

9.9PetroChina International (Canada) Trading Ltd.
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments

10 Appendix
10.1 Related Research

Major Segmentation

Viscosity Index Improvers Market, By Application

  • Automotive Lubricants
  • Industrial Lubricants

Based on Application, The market is divided into Automotive Lubricants and Industrial Lubricants.

Viscosity Index Improvers Market, By Product Type

  • Olefin Copolymer VI Improver (OCP)
  • Polymethacrylate Viscosity Index Improver (PMA)
  • Others

Based on the product type, the market is split into Olefin Copolymer VI Improvement (OCP), Polymethacrylate Viscosity Index Enhancer (PMA), and others.

Major Companies

Lubrizol, Oronite, Infineum, ENI, Afton, Amtecol, BRB International BV, BASF, Evonik ,Sanyo Chemical, Shengyang Greatwall, Shanghai High-Lube Additives, Chevron, YASHIKE LAIEN, PetroChina International,

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