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

Lubricant Viscosity Index Improver Trends and Forecast

The future of the global lubricant viscosity index improver market looks promising with opportunities in the automotive lubricant and industrial lubricant applications. The global lubricant viscosity index improver market is expected to reach an estimated $2.6 billion by 2030 with a CAGR of 1.5% from 2024 to 2030. The major drivers for this market are rising demand for high-performance lubricants from the automotive and industrial sectors, increasing application of viscosity index improver in lubricants, and growing preference for nanotechnology-based viscosity index improver products.

A more than 150-page report is developed to help in your business decisions.

Lubricant Viscosity Index Improver by Segment

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

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

• Olefin Copolymer Vi Improver (OCP)
• Polymethacrylate Viscosity Index Improver (PMA)

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

• Automotive Lubricant
• Industrial Lubricant

Lubricant 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 Lubricant 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 lubricant 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 lubricant viscosity index improver companies profiled in this report include-

• Chevron
• Afton Chemical
• Lubrizol
• Infineum
• BASF
• BRB International
• ENI
• Evonik
• Lanxess
• Jinzhou Kangtai Lubricant Additives

Lubricant Viscosity Index Improver Market Insights

Lucintel forecasts that olefin copolymer VI improver (OCP) is expected to witness higher growth over the forecast period.

Within this market, automotive lubricant will remain the larger segment due to augmenting demand automotive oils from various industries, such as industrial, marine, and transportation

APAC is expected to witness highest growth over the forecast period due to the expanding automotive production and presence of manufacturing hub in the region.

Features of the Global Lubricant Viscosity Index Improver Market

Market Size Estimates: Lubricant viscosity index improver market size estimation in terms of value ($B).

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

Segmentation Analysis: Lubricant viscosity index improver market size by type, application, and region in terms of value ($B).

Regional Analysis: Lubricant 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, applications, and regions for the lubricant viscosity index improver market.

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

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

FAQ

Q.1 What is the lubricant viscosity index improver market size?

Answer: The global lubricant viscosity index improver market is expected to reach an estimated $2.6 billion by 2030.

Q.2 What is the growth forecast for lubricant viscosity index improver market?

Answer: The global lubricant viscosity index improver market is expected to grow with a CAGR of 1.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the lubricant viscosity index improver market?

Answer: The major drivers for this market are rising demand for high-performance lubricants from the automotive and industrial sectors, increasing application of viscosity index improver in lubricants, and growing preference for nanotechnology-based viscosity index improver products.

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

Answer: The future of the lubricant viscosity index improver market looks promising with opportunities in the automotive lubricant and industrial lubricant applications.

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

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

• Chevron
• Afton Chemical
• Lubrizol
• Infineum
• BASF
• BRB International
• ENI
• Evonik
• Lanxess
• Jinzhou Kangtai Lubricant Additives

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

Answer: Lucintel forecasts that olefin copolymer VI improver (OCP) is expected to witness higher growth over the forecast period.

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

Answer: APAC is expected to witness highest growth over the forecast period due to the expanding automotive production and presence of manufacturing hub in the region.

Q.8 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 lubricant viscosity index improver market by type (olefin copolymer vi improver (OCP) and polymethacrylate viscosity index improver (PMA)), application (automotive lubricant and industrial lubricant), 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?