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.
This report contains market size and forecasts of Lubricant Viscosity Index Improvers in global, including the following market information:
Global Lubricant Viscosity Index Improvers Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Lubricant Viscosity Index Improvers Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Lubricant Viscosity Index Improvers companies in 2021 (%)
The global Lubricant Viscosity Index Improvers market was valued at 2707.9 million in 2021 and is projected to reach US$ 2972.3 million by 2028, at a CAGR of 1.3% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Olefin Copolymer VI Improver (OCP) Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Lubricant Viscosity Index Improvers include Lubrizol, Oronite, Infineum, Afton, BASF, Evonik, Sanyo Chemical, Shengyang Greatwall and Nanjing Runyou, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Lubricant Viscosity Index Improvers manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Lubricant Viscosity Index Improvers Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Lubricant Viscosity Index Improvers Market Segment Percentages, by Type, 2021 (%)
Olefin Copolymer VI Improver (OCP)
Polymethacrylate Viscosity Index Improver (PMA)
Others(Such as PIB, SEBS)
Global Lubricant Viscosity Index Improvers Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Lubricant Viscosity Index Improvers Market Segment Percentages, by Application, 2021 (%)
Automotive Lubricants
Industrial Lubricants
Others
Global Lubricant Viscosity Index Improvers Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Lubricant Viscosity Index Improvers Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Lubricant Viscosity Index Improvers revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Lubricant Viscosity Index Improvers revenues share in global market, 2021 (%)
Key companies Lubricant Viscosity Index Improvers sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Lubricant Viscosity Index Improvers sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Lubrizol
Oronite
Infineum
Afton
BASF
Evonik
Sanyo Chemical
Shengyang Greatwall
Nanjing Runyou
Xingyun Chemical
Shanghai High-Lube Additives
YASHIKE LAI’EN
BPT Chemical