The global Lubricant Viscosity Index Improvers market size was valued at US$ 2975 million in 2024 and is forecast to a readjusted size of USD 3846 million by 2031 with a CAGR of 3.8% during review period.
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.
The whole lubricant viscosity index improvers market is mainly dominated by several suppliers, like Lubrizol, Chevron Oronite, Infineum, Afton Chemical. These manufacturers have mature technology and strong supply chain management, making them owning a certain market share globally.
lubricant viscosity index improvers improve the viscosity-temperature characteristics of the lubricant, making the oil's viscosity more stable as its temperature changes. key market drivers of lubricant viscosity index improvers as follows:
Growing Automotive Sector: The demand for high-performance lubricants in the automotive industry is a major driver, as modern engines require lubricants that maintain performance under extreme conditions. This increases the need for viscosity index improvers to enhance temperature stability.
Industrial Applications: The rise in industrial machinery and equipment, which requires specialized lubricants, is boosting the demand for viscosity index improvers. These additives help ensure smooth operation and reduce wear, which is crucial for maintaining efficiency.
Environmental Regulations: Stricter environmental regulations are pushing manufacturers to develop lubricants that minimize emissions and improve fuel efficiency. Viscosity index improvers play a critical role in formulating lubricants that meet these regulatory standards.
Technological Advancements: Innovations in additive formulations and manufacturing processes are driving the market. Improved viscosity index improvers can provide better performance, leading to increased adoption in various applications.
Demand for Energy Efficiency: As industries focus on reducing energy consumption, the need for high-quality lubricants that optimize equipment performance is growing. Viscosity index improvers help lubricants maintain optimal flow properties, contributing to energy savings.
This report is a detailed and comprehensive analysis for global Lubricant Viscosity Index Improvers market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Lubricant Viscosity Index Improvers market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Lubricant Viscosity Index Improvers market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Lubricant Viscosity Index Improvers market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Lubricant Viscosity Index Improvers market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Lubricant Viscosity Index Improvers
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Lubricant Viscosity Index Improvers market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Lubrizol, Chevron Oronite, Infineum, Afton Chemical, BASF, Evonik, Sanyo Chemical, BRB International, Shenyang Great Wall Lubricant, Jinzhou Kangtai Lubricant Additives, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Lubricant Viscosity Index Improvers market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Olefin Copolymers (OCP) Based
Polymethacrylate(PMA) Based
Other
Market segment by Application
Engine Oils
Transmission Fluids
Hydraulic Fluids
Gear Oils
Other
Major players covered
Lubrizol
Chevron Oronite
Infineum
Afton Chemical
BASF
Evonik
Sanyo Chemical
BRB International
Shenyang Great Wall Lubricant
Jinzhou Kangtai Lubricant Additives
Goncord Oil (Yingkou)
Tianjin J&D Technology
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Lubricant Viscosity Index Improvers product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Lubricant Viscosity Index Improvers, with price, sales quantity, revenue, and global market share of Lubricant Viscosity Index Improvers from 2020 to 2025.
Chapter 3, the Lubricant Viscosity Index Improvers competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Lubricant Viscosity Index Improvers breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Lubricant Viscosity Index Improvers market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Lubricant Viscosity Index Improvers.
Chapter 14 and 15, to describe Lubricant Viscosity Index Improvers sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Lubricant Viscosity Index Improvers Consumption Value by Type: 2020 Versus 2024 Versus 2031
1.3.2 Olefin Copolymers (OCP) Based
1.3.3 Polymethacrylate(PMA) Based
1.3.4 Other
1.4 Market Analysis by Application
1.4.1 Overview: Global Lubricant Viscosity Index Improvers Consumption Value by Application: 2020 Versus 2024 Versus 2031
1.4.2 Engine Oils
1.4.3 Transmission Fluids
1.4.4 Hydraulic Fluids
1.4.5 Gear Oils
1.4.6 Other
1.5 Global Lubricant Viscosity Index Improvers Market Size & Forecast
1.5.1 Global Lubricant Viscosity Index Improvers Consumption Value (2020 & 2024 & 2031)
1.5.2 Global Lubricant Viscosity Index Improvers Sales Quantity (2020-2031)
1.5.3 Global Lubricant Viscosity Index Improvers Average Price (2020-2031)
2 Manufacturers Profiles
2.1 Lubrizol
2.1.1 Lubrizol Details
2.1.2 Lubrizol Major Business
2.1.3 Lubrizol Lubricant Viscosity Index Improvers Product and Services
2.1.4 Lubrizol Lubricant Viscosity Index Improvers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.1.5 Lubrizol Recent Developments/Updates
2.2 Chevron Oronite
2.2.1 Chevron Oronite Details
2.2.2 Chevron Oronite Major Business
2.2.3 Chevron Oronite Lubricant Viscosity Index Improvers Product and Services
2.2.4 Chevron Oronite Lubricant Viscosity Index Improvers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.2.5 Chevron Oronite Recent Developments/Updates
2.3 Infineum
2.3.1 Infineum Details
2.3.2 Infineum Major Business
2.3.3 Infineum Lubricant Viscosity Index Improvers Product and Services
2.3.4 Infineum Lubricant Viscosity Index Improvers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.3.5 Infineum Recent Developments/Updates
2.4 Afton Chemical
2.4.1 Afton Chemical Details
2.4.2 Afton Chemical Major Business
2.4.3 Afton Chemical Lubricant Viscosity Index Improvers Product and Services
2.4.4 Afton Chemical Lubricant Viscosity Index Improvers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.4.5 Afton Chemical Recent Developments/Updates
2.5 BASF
2.5.1 BASF Details
2.5.2 BASF Major Business
2.5.3 BASF Lubricant Viscosity Index Improvers Product and Services
2.5.4 BASF Lubricant Viscosity Index Improvers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.5.5 BASF Recent Developments/Updates
2.6 Evonik
2.6.1 Evonik Details
2.6.2 Evonik Major Business
2.6.3 Evonik Lubricant Viscosity Index Improvers Product and Services
2.6.4 Evonik Lubricant Viscosity Index Improvers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.6.5 Evonik Recent Developments/Updates
2.7 Sanyo Chemical
2.7.1 Sanyo Chemical Details
2.7.2 Sanyo Chemical Major Business
2.7.3 Sanyo Chemical Lubricant Viscosity Index Improvers Product and Services
2.7.4 Sanyo Chemical Lubricant Viscosity Index Improvers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.7.5 Sanyo Chemical Recent Developments/Updates
2.8 BRB International
2.8.1 BRB International Details
2.8.2 BRB International Major Business
2.8.3 BRB International Lubricant Viscosity Index Improvers Product and Services
2.8.4 BRB International Lubricant Viscosity Index Improvers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.8.5 BRB International Recent Developments/Updates
2.9 Shenyang Great Wall Lubricant
2.9.1 Shenyang Great Wall Lubricant Details
2.9.2 Shenyang Great Wall Lubricant Major Business
2.9.3 Shenyang Great Wall Lubricant Lubricant Viscosity Index Improvers Product and Services
2.9.4 Shenyang Great Wall Lubricant Lubricant Viscosity Index Improvers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.9.5 Shenyang Great Wall Lubricant Recent Developments/Updates
2.10 Jinzhou Kangtai Lubricant Additives
2.10.1 Jinzhou Kangtai Lubricant Additives Details
2.10.2 Jinzhou Kangtai Lubricant Additives Major Business
2.10.3 Jinzhou Kangtai Lubricant Additives Lubricant Viscosity Index Improvers Product and Services
2.10.4 Jinzhou Kangtai Lubricant Additives Lubricant Viscosity Index Improvers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.10.5 Jinzhou Kangtai Lubricant Additives Recent Developments/Updates
2.11 Goncord Oil (Yingkou)
2.11.1 Goncord Oil (Yingkou) Details
2.11.2 Goncord Oil (Yingkou) Major Business
2.11.3 Goncord Oil (Yingkou) Lubricant Viscosity Index Improvers Product and Services
2.11.4 Goncord Oil (Yingkou) Lubricant Viscosity Index Improvers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.11.5 Goncord Oil (Yingkou) Recent Developments/Updates
2.12 Tianjin J&D Technology
2.12.1 Tianjin J&D Technology Details
2.12.2 Tianjin J&D Technology Major Business
2.12.3 Tianjin J&D Technology Lubricant Viscosity Index Improvers Product and Services
2.12.4 Tianjin J&D Technology Lubricant Viscosity Index Improvers Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.12.5 Tianjin J&D Technology Recent Developments/Updates
3 Competitive Environment: Lubricant Viscosity Index Improvers by Manufacturer
3.1 Global Lubricant Viscosity Index Improvers Sales Quantity by Manufacturer (2020-2025)
3.2 Global Lubricant Viscosity Index Improvers Revenue by Manufacturer (2020-2025)
3.3 Global Lubricant Viscosity Index Improvers Average Price by Manufacturer (2020-2025)
3.4 Market Share Analysis (2024)
3.4.1 Producer Shipments of Lubricant Viscosity Index Improvers by Manufacturer Revenue ($MM) and Market Share (%): 2024
3.4.2 Top 3 Lubricant Viscosity Index Improvers Manufacturer Market Share in 2024
3.4.3 Top 6 Lubricant Viscosity Index Improvers Manufacturer Market Share in 2024
3.5 Lubricant Viscosity Index Improvers Market: Overall Company Footprint Analysis
3.5.1 Lubricant Viscosity Index Improvers Market: Region Footprint
3.5.2 Lubricant Viscosity Index Improvers Market: Company Product Type Footprint
3.5.3 Lubricant Viscosity Index Improvers Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Lubricant Viscosity Index Improvers Market Size by Region
4.1.1 Global Lubricant Viscosity Index Improvers Sales Quantity by Region (2020-2031)
4.1.2 Global Lubricant Viscosity Index Improvers Consumption Value by Region (2020-2031)
4.1.3 Global Lubricant Viscosity Index Improvers Average Price by Region (2020-2031)
4.2 North America Lubricant Viscosity Index Improvers Consumption Value (2020-2031)
4.3 Europe Lubricant Viscosity Index Improvers Consumption Value (2020-2031)
4.4 Asia-Pacific Lubricant Viscosity Index Improvers Consumption Value (2020-2031)
4.5 South America Lubricant Viscosity Index Improvers Consumption Value (2020-2031)
4.6 Middle East & Africa Lubricant Viscosity Index Improvers Consumption Value (2020-2031)
5 Market Segment by Type
5.1 Global Lubricant Viscosity Index Improvers Sales Quantity by Type (2020-2031)
5.2 Global Lubricant Viscosity Index Improvers Consumption Value by Type (2020-2031)
5.3 Global Lubricant Viscosity Index Improvers Average Price by Type (2020-2031)
6 Market Segment by Application
6.1 Global Lubricant Viscosity Index Improvers Sales Quantity by Application (2020-2031)
6.2 Global Lubricant Viscosity Index Improvers Consumption Value by Application (2020-2031)
6.3 Global Lubricant Viscosity Index Improvers Average Price by Application (2020-2031)
7 North America
7.1 North America Lubricant Viscosity Index Improvers Sales Quantity by Type (2020-2031)
7.2 North America Lubricant Viscosity Index Improvers Sales Quantity by Application (2020-2031)
7.3 North America Lubricant Viscosity Index Improvers Market Size by Country
7.3.1 North America Lubricant Viscosity Index Improvers Sales Quantity by Country (2020-2031)
7.3.2 North America Lubricant Viscosity Index Improvers Consumption Value by Country (2020-2031)
7.3.3 United States Market Size and Forecast (2020-2031)
7.3.4 Canada Market Size and Forecast (2020-2031)
7.3.5 Mexico Market Size and Forecast (2020-2031)
8 Europe
8.1 Europe Lubricant Viscosity Index Improvers Sales Quantity by Type (2020-2031)
8.2 Europe Lubricant Viscosity Index Improvers Sales Quantity by Application (2020-2031)
8.3 Europe Lubricant Viscosity Index Improvers Market Size by Country
8.3.1 Europe Lubricant Viscosity Index Improvers Sales Quantity by Country (2020-2031)
8.3.2 Europe Lubricant Viscosity Index Improvers Consumption Value by Country (2020-2031)
8.3.3 Germany Market Size and Forecast (2020-2031)
8.3.4 France Market Size and Forecast (2020-2031)
8.3.5 United Kingdom Market Size and Forecast (2020-2031)
8.3.6 Russia Market Size and Forecast (2020-2031)
8.3.7 Italy Market Size and Forecast (2020-2031)
9 Asia-Pacific
9.1 Asia-Pacific Lubricant Viscosity Index Improvers Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific Lubricant Viscosity Index Improvers Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific Lubricant Viscosity Index Improvers Market Size by Region
9.3.1 Asia-Pacific Lubricant Viscosity Index Improvers Sales Quantity by Region (2020-2031)
9.3.2 Asia-Pacific Lubricant Viscosity Index Improvers Consumption Value by Region (2020-2031)
9.3.3 China Market Size and Forecast (2020-2031)
9.3.4 Japan Market Size and Forecast (2020-2031)
9.3.5 South Korea Market Size and Forecast (2020-2031)
9.3.6 India Market Size and Forecast (2020-2031)
9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
9.3.8 Australia Market Size and Forecast (2020-2031)
10 South America
10.1 South America Lubricant Viscosity Index Improvers Sales Quantity by Type (2020-2031)
10.2 South America Lubricant Viscosity Index Improvers Sales Quantity by Application (2020-2031)
10.3 South America Lubricant Viscosity Index Improvers Market Size by Country
10.3.1 South America Lubricant Viscosity Index Improvers Sales Quantity by Country (2020-2031)
10.3.2 South America Lubricant Viscosity Index Improvers Consumption Value by Country (2020-2031)
10.3.3 Brazil Market Size and Forecast (2020-2031)
10.3.4 Argentina Market Size and Forecast (2020-2031)
11 Middle East & Africa
11.1 Middle East & Africa Lubricant Viscosity Index Improvers Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa Lubricant Viscosity Index Improvers Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa Lubricant Viscosity Index Improvers Market Size by Country
11.3.1 Middle East & Africa Lubricant Viscosity Index Improvers Sales Quantity by Country (2020-2031)
11.3.2 Middle East & Africa Lubricant Viscosity Index Improvers Consumption Value by Country (2020-2031)
11.3.3 Turkey Market Size and Forecast (2020-2031)
11.3.4 Egypt Market Size and Forecast (2020-2031)
11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
11.3.6 South Africa Market Size and Forecast (2020-2031)
12 Market Dynamics
12.1 Lubricant Viscosity Index Improvers Market Drivers
12.2 Lubricant Viscosity Index Improvers Market Restraints
12.3 Lubricant Viscosity Index Improvers Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Lubricant Viscosity Index Improvers and Key Manufacturers
13.2 Manufacturing Costs Percentage of Lubricant Viscosity Index Improvers
13.3 Lubricant Viscosity Index Improvers Production Process
13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Lubricant Viscosity Index Improvers Typical Distributors
14.3 Lubricant Viscosity Index Improvers Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
Lubrizol
Chevron Oronite
Infineum
Afton Chemical
BASF
Evonik
Sanyo Chemical
BRB International
Shenyang Great Wall Lubricant
Jinzhou Kangtai Lubricant Additives
Goncord Oil (Yingkou)
Tianjin J&D Technology
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*If Applicable.
