Viscosity Index Improver Market Report: Trends, Forecast and Competitive Analysis to 2030

Viscosity Index Improver Trends and Forecast

The future of the global viscosity index improver market looks promising with opportunities in the manufacturing, food processing, mining, construction, and power generation markets. The global viscosity index improver market is expected to reach an estimated $169.9 million by 2030 with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are increasing adoption of electric vehicle and growing preference for heat resistant high-quality lubricants.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Viscosity Index Improver by Segment

The study includes a forecast for the global viscosity index improver by type, end use, and region.

Viscosity Index Improver Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Polymethacrylate
• Olefin Copolymer
• Polyisobutylene

Viscosity Index Improver Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Manufacturing
• Food Processing
• Mining
• Construction
• Power Generation
• Others

Viscosity Index Improver Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Viscosity Index Improver Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies viscosity index improver companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the viscosity index improver companies profiled in this report include-

• Evonik Industries
• Lubrizol
• Chevron Oronite
• Afton Chemical
• Infineum International
• Sanyo Chemical Industries
• Nanjing Runyou Chemical Industry
• Shenyang Great Wall Lubricating Oil Manufacturing
• Jilin Xingyun Chemical
• Shanghai High-Lube Additives

Viscosity Index Improver Market Insights

Lucintel forecasts that olefin copolymer will remain the largest segment over the forecast period.

Within this market, manufacturing will remain the largest segment over the forecast period.

North America will remain the largest region over the forecast period.

Features of the Global Viscosity Index Improver Market

Market Size Estimates: Viscosity index improver market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Viscosity index improver market size by type, end use, and region in terms of value ($M).

Regional Analysis: Viscosity index improver market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, end uses, and regions for the viscosity index improver market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the viscosity index improver market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the viscosity index improver market size?

Answer: The global viscosity index improver market is expected to reach an estimated $169.9 million by 2030.

Q2. What is the growth forecast for viscosity index improver market?

Answer: The global viscosity index improver market is expected to grow with a CAGR of 6.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the viscosity index improver market?

Answer: The major drivers for this market are increasing adoption of electric vehicle and growing preference for heat resistant high-quality lubricants.

Q4. What are the major segments for viscosity index improver market?

Answer: The future of the viscosity index improver market looks promising with opportunities in the manufacturing, food processing, mining, construction, and power generation markets.

Q5. Who are the key viscosity index improver market companies?

Answer: Some of the key viscosity index improver companies are as follows:

• Evonik Industries
• Lubrizol
• Chevron Oronite
• Afton Chemical
• Infineum International
• Sanyo Chemical Industries
• Nanjing Runyou Chemical Industry
• Shenyang Great Wall Lubricating Oil Manufacturing
• Shenyang Great Wall Lubricating Oil Manufacturing
• Shanghai High-Lube Additives

Q6. Which viscosity index improver market segment will be the largest in future?

Answer: Lucintel forecasts that olefin copolymer will remain the largest segment over the forecast period.

Q7. In viscosity index improver market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the viscosity index improver market by type (polymethacrylate, olefin copolymer, and polyisobutylene), end use (manufacturing, food processing, mining, construction, power generation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?