Top 5 Companies Leading the Global Viscosity Index Improver Market

Infineum International Limited, Chevron Oronite, The Lubrizol Corporation, Sanyo Chemical Industries, and LANXESS AG, among others, are leading players in the global viscosity index improver market.

The global viscosity index improver market is expected to grow at a CAGR of 4.3% during the period 2023-2028.

Viscosity index improvers are widely employed in gear oils, multigrade engine oils, power-steering fluids, automatic transmission fluids, greases and some types of hydraulic fluid. The most regular application is for heavy-duty trucks and passenger cars.

Sectors such as OEMs, manufacturers of passenger vehicles, heavy duty equipment, and lubricant end-users continually demand more fuel-efficient enduring and better performing lubricants. Such demand for fluids that display superior function in severe conditions and are usable all the year round in all types of climate has led to increased use of high viscosity index high performance fluids in automotive and industrial applications.

Materials usually employed to prepare viscosity index improvers include polyisobutylene (PIB), radial polyisoprene, polymethacrylates (PMA) and olefin co-polymers (OCP). North America, Europe and Asia are likely to be key markets.

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Top 5 Companies in the Global Viscosity Index Improver Market

Infineum International Limited

Infineum International Limited is a Specialty Chemicals Company that focuses on innovative chemistry and possesses robust research and development capabilities in the domain. The company is a joint venture between ExxonMobil and Shell, and a key global player engaged in production, formulation, and marketing of petroleum additives for fuels and lubricants with global manufacturing and research facilities. Infineum’s technology assists domains like cold flow and wax crystal modification, shear modification, anti-wear and detergency, optimising formulations, alteration of flow properties, and others. The company lays special stress on technological excellence, dependability, operational excellence and collaboration to offer customers reliable performance.

Chevron Oronite

Chevron Oronite is a major producer, developer, and marketer of lubricant and fuel additives and chemicals devised to aid improvement of performance of all kinds of industrial and transportation equipment. The company aims to be a leader in additives and expand its specialty chemicals business, offering customers innovative, dependable, and low-carbon solutions. Recognizing the significance of additives, the company seeks to differentiate itself by offering superior reliability, forging long-lasting relationships and advancing innovative technology.

The Lubrizol Corporation

The Lubrizol Corporation is a key provider of specialty chemicals for industrial, consumer and transportation markets. Solutions include Engine Additives, Driveline Additives, Fuel Additives, Viscosity Modifiers, Industrial Additives, LifeScience Polymers, Engineered Polymers, Personal and Home Care, Performance Coatings, and Science. Lubrizol Additives segment associates with customers to fulfil a broad range of vehicle needs, including bettering energy efficiency, decreasing emissions, and improving engine reliability and durability for electric/hybrid vehicles and internal combustion engine. For industrial applications, Lubrizol additives allow dependable, efficient, and longer-lasting equipment performance.
 

Sanyo Chemical Industries

Sanyo Chemical Industries supports daily life and several industrial fields through chemical products extensively employed and deeply integrated into all facets of society. The company offers nearly 3,000 types of solution chemicals, has more than 1,000 patents, and 10 production bases.

LANXESS AG

LANXESS AG is key player active in the speciality chemicals domain. With nearly 13,200 employees in thirty-three nations, LAXNESS AG is a significant global player. The company’s core business is the production, development, and marketing of chemical additives, intermediates, and consumer protection products.