Global Lubricant Viscosity Index Improvers Market Growth 2023-2029

Global Lubricant Viscosity Index Improvers Market Growth 2023-2029

Viscosity Index Improvers (VIIs), also known as Viscosity Modifiers, comprise a class of additives that improve the viscosity-temperature characteristics of the lubricant, making the oil's viscosity more stable as its temperature changes. Lubricant Viscosity Index Improvers is made from polymers, which are long and flexible molecules used in the production of lubricant to reduce lubricant viscosity changes at high and low temperatures. When viscosity index improvers are added to low-viscosity oils, they effectively thicken the oil as temperature increases. This means the lubricating effect of mineral oils can be extended across a wider temperature range.
LPI (LP Information)' newest research report, the “Lubricant Viscosity Index Improvers Industry Forecast” looks at past sales and reviews total world Lubricant Viscosity Index Improvers sales in 2022, providing a comprehensive analysis by region and market sector of projected Lubricant Viscosity Index Improvers sales for 2023 through 2029. With Lubricant Viscosity Index Improvers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lubricant Viscosity Index Improvers industry.
This Insight Report provides a comprehensive analysis of the global Lubricant Viscosity Index Improvers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lubricant Viscosity Index Improvers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Lubricant Viscosity Index Improvers market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lubricant Viscosity Index Improvers and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lubricant Viscosity Index Improvers.
The global Lubricant Viscosity Index Improvers market size is projected to grow from US$ 2574.5 million in 2022 to US$ 2847.9 million in 2029; it is expected to grow at a CAGR of 2847.9 from 2023 to 2029.
Global Lubricant Viscosity Index Improvers key players include Lubrizol, Oronite, Infineum, Afton, Sanyo Chemical, etc. Global top five manufacturers hold a share about 80%. Asia-Pacific is the largest market, with a share about 35%, followed by North America, with a share about 30 percent. In terms of product, OCP Type is the largest segment, with a share about 50%. And in terms of application, the largest application is Automotive Lubricants, followed by Industrial Lubricants, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Lubricant Viscosity Index Improvers market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Olefin Copolymer VI Improver (OCP)
Polymethacrylate Viscosity Index Improver (PMA)
Others(Such as PIB, SEBS)
Segmentation by application
Automotive Lubricants
Industrial Lubricants
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Lubrizol
Oronite
Infineum
Afton
BASF
Evonik
Sanyo Chemical
Shengyang Greatwall
Nanjing Runyou
Xingyun Chemical
Shanghai High-Lube Additives
YASHIKE LAI’EN
BPT Chemical
Key Questions Addressed in this Report
What is the 10-year outlook for the global Lubricant Viscosity Index Improvers market?
What factors are driving Lubricant Viscosity Index Improvers market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Lubricant Viscosity Index Improvers market opportunities vary by end market size?
How does Lubricant Viscosity Index Improvers break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.