Global Lubricant Viscosity Index Improvers Sales Market Report 2022

Lubricant Viscosity Index Improvers Market 

Due to the COVID-19 pandemic, the global Lubricant Viscosity Index Improvers market size is estimated to be worth USD 2631.7 Million in 2021 and is forecast to a readjusted size of USD 2631.7 Million by 2028 with a CAGR of 1.4% during the 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.

Fully considering the economic change by this health crisis, by Type accounting for % of the Lubricant Viscosity Index Improvers global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period.

While by Type segment is altered to an % CAGR throughout this forecast period.

Global Lubricant Viscosity Index Improvers key players include Lubrizol, Oronite, Infineum, Afton, Sanyo Chemical, etc. Global top five manufacturers hold a share about 80%. Asia-Pacific is the largest market, with a share about 35%, followed by North America, with a share about 30 percent. In terms of product, OCP Type is the largest segment, with a share about 50%. And in terms of application, the largest application is Automotive Lubricants, followed by Industrial Lubricants, etc.

The global Lubricant Viscosity Index Improvers market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Lubricant Viscosity Index Improvers market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.

By Type

• Olefin Copolymer VI Improver (OCP)
• Polymethacrylate Viscosity Index Improver (PMA)
• Others(Such as PIB, SEBS)

By Application

• Automotive Lubricants
• Industrial Lubricants
• Others

By Region

• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Other Regions

By Company

• Lubrizol
• Oronite
• Infineum
• Afton
• BASF
• Evonik
• Sanyo Chemical
• Shengyang Greatwall
• Nanjing Runyou
• Xingyun Chemical
• Shanghai High-Lube Additives
• YASHIKE LAI’EN
• BPT Chemical