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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Solutions by Leading Companies Expected to Stimulate Market Growth
Companies like Afton offer many types of polymer-based viscosity index improvers that function effectively in a broad range of mineral oil lubricant applications. Afton offers a variety of Olefin Copolymer (OCP) viscosity index improvers in liquid as well as solid forms. These OCP VIIs are oil soluble and well-suited to several different lubricant formulations. The company also offers many Polymethacrylate (PMA) based viscosity index improvers (VII) that may be used in multiple industrial and automotive lubricant formulations. Afton's HiTEC® Viscosity Index Improvers may also be employed in many non-lubricant related uses.
Evonik's Oil Additives Team provides a wide range of viscosity index improvers for economical blending of high performance driveline fluids with superior thickening efficiency. VISCOPLEX® solutions allow optimum energy efficiency, decreased torque loss, lesser operating temperatures and service life component durability. Functionalized variants allow achievement of prolonged fluid service life.
RiiSO distributes a variety of viscosity index improvers for the production of high quality lubricants. TRiiSO distributes solid viscosity index improvers in bale form as well as in pellets; it also distributes liquid viscosity index improver additives.
Such solutions by solution-providers are likely to drive the global viscosity index improver market.
Demand for More Fuel-efficient Lubricants that Display Higher Performance Expected to Boost Market Growth
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. To fulfil such demands, companies like Lubrizol offer efficient solutions. Lubrizol has devised an advanced polymer additive technology called Asteric™; the technology enables polymer architecture control otherwise not possible with conventional polymer additives. Such offerings are expected to boost the global viscosity index improver market.
Viscosity Index Improver Market Report Snapshots
Viscosity Index Improver Market Size
Viscosity Index Improver Market Growth
Viscosity Index Improver Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 4.3% between 2024 and 2032.
The major market drivers are the growing automotive industry coupled with an upsurge in global automobile sales and rising industrialisation.
The key market trends include the increasing adoption of electric vehicles and use of sophisticated industrial equipment.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various product types in the market for viscosity index improvers include polymethylacrylate (PMA), ethylene propylene copolymer (OCP), hydrostyrene diene copolymer (HSD), and polyisobutylene (PIB), among others.
The different applications in the market for viscosity index improvers include automotive lubricants and industrial lubricants.
The major players in the market are Infineum International Limited, Chevron Oronite, The Lubrizol Corporation, Sanyo Chemical Industries, and LANXESS AG, among others.
The significance of viscosity is that it defines the internal friction of a moving fluid.
A higher viscosity index indicates a slower flowing fluid as well as a thicker fluid.
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United States (Head Office)
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124