Lubricant Viscosity Grade Improvers Market Size, Share, and Outlook, 2025 Report- By Application (Vehicle lubricants, Industrial lubricants), By Product (Polymethacrylate (PMA), Hydrostyrene diene copolymer (HSD), Polyisobutylene (PIB), Others), 2018-2032

Lubricant Viscosity Grade Improvers Market Outlook

Lubricant Viscosity Grade Improvers Market Size is forecast to reach $4.1 Billion in 2032 from $2.8 Billion in 2025, at an optimistic growth rate of 5.5% from 2025 to 2032. The robust Lubricant Viscosity Grade Improvers Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Lubricant Viscosity Grade Improvers Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Application (Vehicle lubricants, Industrial lubricants), By Product (Polymethacrylate (PMA), Hydrostyrene diene copolymer (HSD), Polyisobutylene (PIB), Others). Over 70 tables and charts showcase findings from our latest survey report on Lubricant Viscosity Grade Improvers Markets.

Lubricant Viscosity Grade Improvers Market Insights, 2025: Lubricant Viscosity Grade Improvers: Key Drivers and Opportunities

The market for lubricant viscosity grade improvers is driven by the increasing need for high-performance lubricants across a range of industries, including automotive, industrial machinery, and energy production. Viscosity grade improvers (VGIs) are essential for ensuring that lubricants maintain their flow properties and viscosity over a wide range of temperatures, which is crucial for engine efficiency and equipment durability. The growing demand for low-emission vehicles and energy-efficient machinery is significantly contributing to the growth of the VGI market.

A major driver is the automotive industry, where the shift towards fuel-efficient and electric vehicles (EVs) requires lubricants that can perform well under a variety of temperature conditions and maintain low friction. As stringent emission standards and fuel economy regulations become more prevalent globally, there is an increased need for lubricants that can enhance engine performance while reducing emissions.

Opportunities for growth in the VGI market include the development of synthetic lubricants that offer enhanced thermal stability and oxidation resistance. Innovations in nano-technology and the use of bio-based lubricants offer avenues for developing more sustainable and efficient lubricant solutions. Additionally, the increasing use of high-performance lubricants in renewable energy applications, such as wind turbines and solar power systems, creates significant growth potential in non-traditional sectors.

Five Trends that will define global Lubricant Viscosity Grade Improvers Market in 2025 and Beyond

A closer look at the multi-million global market for Lubricant Viscosity Grade Improvers Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Lubricant Viscosity Grade Improvers Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Lubricant Viscosity Grade Improvers Industry?

The Lubricant Viscosity Grade Improvers Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Lubricant Viscosity Grade Improvers Market Segment Insights

The Lubricant Viscosity Grade Improvers Industry presents strong offers across categories. The analytical report offers forecasts of Lubricant Viscosity Grade Improvers Industry performance across segments and countries. Key segments in the industry include- By Application (Vehicle lubricants, Industrial lubricants), By Product (Polymethacrylate (PMA), Hydrostyrene diene copolymer (HSD), Polyisobutylene (PIB), Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Lubricant Viscosity Grade Improvers Market size outlook is provided for 22 countries across these regions.

Lubricant Viscosity Grade Improvers Industry Value Chain

The chapter identifies potential companies and their operations across the global Lubricant Viscosity Grade Improvers Industry ecosystem. It assists decision-makers in evaluating global Lubricant Viscosity Grade Improvers Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Lubricant Viscosity Grade Improvers Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Lubricant Viscosity Grade Improvers Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Lubricant Viscosity Grade Improvers Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Lubricant Viscosity Grade Improvers Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Lubricant Viscosity Grade Improvers Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Lubricant Viscosity Grade Improvers Market Insights- Executives are most excited about opportunities for the US Lubricant Viscosity Grade Improvers Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Lubricant Viscosity Grade Improvers Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Lubricant Viscosity Grade Improvers Market.

Latin American Lubricant Viscosity Grade Improvers Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Lubricant Viscosity Grade Improvers Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Lubricant Viscosity Grade Improvers Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Lubricant Viscosity Grade Improvers Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Lubricant Viscosity Grade Improvers Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include American Hitech Petroleum and Chemicals Inc, Asian Oil Co., BASF SE, Chetas Biochem, Chevron Corp, Croda International Plc, Eni SpA, Evonik Industries AG, Goodway Chemicals Pvt. Ltd, Innov Oil Pte Ltd, Jinzhou Kangtai Lubricant Additives Co. Ltd, Lanxess AG, Mitsui Chemicals Inc, Newmarket Corp, PETRONAS Chemicals Group.

Lubricant Viscosity Grade Improvers Market Scope and Segmentation

By Application

Vehicle lubricants

Industrial lubricants

By Product

Polymethacrylate (PMA)

Hydrostyrene diene copolymer (HSD)

Polyisobutylene (PIB)

Others

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Lubricant Viscosity Grade Improvers Market Research-

American Hitech Petroleum and Chemicals Inc

Asian Oil Co.

BASF SE

Chetas Biochem

Chevron Corp

Croda International Plc

Eni SpA

Evonik Industries AG

Goodway Chemicals Pvt. Ltd

Innov Oil Pte Ltd

Jinzhou Kangtai Lubricant Additives Co. Ltd

Lanxess AG

Mitsui Chemicals Inc

Newmarket Corp

PETRONAS Chemicals Group

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
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• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
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