Viscosity Index Improvers Market Size, Share, and Growth Analysis, By Type (Polymethacrylate, Olefin Copolymer), By End-User (Manufacturing, Food Processing), By Region - Industry Forecast 2026-2033

Global Viscosity Index Improvers Market size was valued at USD 160.5 million in 2024 and is poised to grow from USD 171.57 million in 2025 to USD 292.6 million by 2033, growing at a CAGR of 6.9% during the forecast period (2026-2033).

The global market for viscosity index improvers is experiencing robust growth, fueled by rising demand for high-performance lubricants, increased automobile production, and a heightened focus on fuel efficiency and engine durability across various sectors. As environmental concerns drive the need for reduced carbon footprints and superior thermal stability in lubricants, premium viscosity index improvers are in high demand. Additionally, the surge in electric vehicles is prompting manufacturers to design tailored VI improvers for specific applications like EV transmission fluids. The automotive industry remains the largest consumer, influenced by stringent emission regulations and a shift toward synthetic oils. The Asia-Pacific region leads in market share, bolstered by expanding automotive industries and rising lubricant consumption, with strategic collaborations paving the way for future growth opportunities.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Viscosity Index Improvers market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Viscosity Index Improvers Market Segments Analysis

Global Viscosity Index Improvers Market is segmented by Type, End-User and region. Based on Type, the market is segmented into Polymethacrylate, Olefin Copolymer and Polyisobutylene. Based on End-User, the market is segmented into Manufacturing, Food Processing, Mining, Construction and Power Generation. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Viscosity Index Improvers Market

One of the key market drivers for the Global Viscosity Index Improvers Market is the increasing demand for high-performance lubricants across various industries, including automotive, aerospace, and manufacturing. As machinery and equipment become more sophisticated and require enhanced efficiency, the need for lubricants that can maintain optimal viscosity at varying temperatures has intensified. Additionally, the growing emphasis on fuel economy and environmental regulations is pushing manufacturers to develop advanced lubricants that provide better engine protection and efficiency, thereby propelling the demand for viscosity index improvers that can effectively enhance the performance characteristics of these lubricants.

Restraints in the Global Viscosity Index Improvers Market

One significant market restraint for the global viscosity index improvers market is the fluctuating prices of raw materials. The production of viscosity index improvers relies heavily on various petrochemical derivatives, whose costs can be affected by geopolitical instability, changes in oil prices, and supply chain disruptions. These fluctuations create uncertainty for manufacturers, potentially leading to increased production costs that may ultimately be passed on to consumers. Additionally, stringent environmental regulations concerning the use of certain additives and chemicals can further limit availability and increase compliance costs, hindering market growth and innovation in formulation development.

Market Trends of the Global Viscosity Index Improvers Market

The Global Viscosity Index Improvers market is witnessing a notable trend towards high-performance viscosity index improvers (VIIs) as consumer demand shifts towards low-viscosity engine oils, driven by stringent fuel economy regulations. This increasing preference for grades such as 0W-16 and 0W-20 is prompting drivetrain and lubricant manufacturers to enhance their formulations with advanced VIIs that offer superior shear stability and performance. As a result, the market is expected to expand significantly, catering to the requirements of both passenger vehicles and commercial applications. This evolution underscores a broader commitment to efficiency and sustainability in the automotive lubricants sector.