Global Viscosity Index Improvers Market 2022-2028

This report on the global viscosity index improvers market estimates this industry to develop with a CAGR of 3.01% in the forecasting period from 2022 to 2028.

The rise in the demand for lubricants is the major driving factor of this market. Along with this, the rise in automotive production in the regions of Europe and the Asia-Pacific is also contributing significantly to market growth. On the contrary, the longer drain intervals needed for high-grade lubricants and cost constraints are hindering the market’s development. However, the opportunities for industrial growth in the middle east and Africa create an overall positive outlook for the viscosity index improvers market.

REGIONAL OUTLOOK

The global market for viscosity index improvers covers the regions of North America, the Middle East and Africa, Latin America, the Asia-Pacific, and Europe.

The market in the Asia-Pacific is expected to witness the fastest growth in the coming period. Factors such as the high growth in the base oil market, rapid rate of industrialization, and the burgeoning population & consequent urbanization, along with high growth in major end-user industries such as chemicals, textiles, metalworking, and food processing, can be attributed to the growth of this industry. Further, the region presents a number of lucrative opportunities to companies that innovate, develop niche applications, and introduce novel products with enhanced characteristics.

COMPETITIVE OUTLOOK

Afton Chemical Corporation, Chevron Oronite Company LLC, Shanghai Minglan Chemical Co Ltd, Infineum International Limited, Croda International Plc, Evonik Industries AG, Exxon Mobil Corporation, ENI SpA, Lubrizol Corporation, BPT Chemical Co Ltd, BASF SE, BRB International BV, Asian Oil Company, Jilin Xingyun Chemical Co Ltd, Sanyo Chemical Industries Ltd, and Jinzhou Kangtai Lubricant Additives Co Ltd are some of the established names present in the viscosity index improvers market.

Founded in 1870, Exxon Mobil Corporation is a globally renowned, integrated oil & gas company. It is engaged in the exploration and production of natural gas and crude oil; manufacturing of petroleum products; and the transportation and sale of natural gas, crude oil, and petroleum products. The company is also engaged in manufacturing and marketing commodity petrochemicals, which include polypropylene plastics, polyethylene, aromatics, olefins, and a wide range of specialty products. Exxon Mobil markets its products under brand names like Exxon, Esso, Mobil, and Mobil 1. The company has a business presence across North America, Europe, the Middle East, Africa, Latin America, and the Asia-Pacific, with a strong workforce of more than 72,000 employees.

Frequently Asked Questions about the Global Viscosity Index Improvers Market

What is the estimated value of the Global Viscosity Index Improvers Market?

The Global Viscosity Index Improvers Market was estimated to be valued at $4113.01 Million in 2022.

What is the growth rate of the Global Viscosity Index Improvers Market?

The growth rate of the Global Viscosity Index Improvers Market is 4.5%, with an estimated value of $4913.98 Million by 2026.

What is the forecasted size of the Global Viscosity Index Improvers Market?

The Global Viscosity Index Improvers Market is estimated to be worth $4913.98 Million by 2026.

Who are the key companies in the Global Viscosity Index Improvers Market?

Key companies in the Global Viscosity Index Improvers Market include Afton Chemical Corporation, Basf Se, Chevron Oronite Company LLC, Evonik Industries AG, Bpt Chemical Co Ltd, Lubrizol Corporation, Infineum International Limited, Sanyo Chemical Industries Ltd and Brb International Bv.

Report Attribute	Details
No. of Pages	167
Published	December 2021
Forecast Period	2022 - 2026
Estimated Market Value ( USD ) in 2022	$ 4113.01 Million
Forecasted Market Value ( USD ) by 2026	$ 4913.98 Million
Compound Annual Growth Rate	4.5%
Regions Covered	Global

1. Global Viscosity Index Improvers Market - Summary

2. Industry Outlook
2.1. Key Insights
2.1.1. Emergence of the Asia-Pacific as a Manufacturing Hub
2.1.2. Increasing Consumption of Engine Oils
2.2. Key Market Strategies
2.2.1. Acquisitions
2.2.2. Product Developments
2.2.3. Contracts & Agreements
2.2.4. Investments & Expansions
2.3. Impact of Covid-19 on the Viscosity Index Improvers Industry
2.4. Porter's Five Forces Analysis
2.4.1. Threat of New Entrants
2.4.2. Threat of Substitute
2.4.3. Bargaining Power of Buyers
2.4.4. Bargaining Power of Suppliers
2.4.5. Threat of Competitive Rivalry
2.5. Market Attractiveness Index
2.6. Vendor Scorecard
2.7. Market Drivers
2.7.1. Rise in the Demand for Lubricants
2.7.2. Automotive Production Growth in the Asia-Pacific and Europe
2.8. Market Challenges
2.8.1. Longer Drain Intervals for High-Grade Lubricants
2.8.2. Cost Constraints
2.9. Market Opportunities
2.9.1. Industrial Growth in the Middle East and Africa

3. Global Viscosity Index Improvers Market Outlook - by Product Type
3.1. Polymethacrylate
3.2. Olefin Copolymer
3.3. Polyisobutylene
3.4. Other Product Type

4. Global Viscosity Index Improvers Market Outlook - by End-User
4.1. Automotive
4.1.1. Passenger Vehicles
4.1.2. Heavy-Duty Vehicles
4.1.3. Other Vehicles
4.2. Industrial
4.3. Other End-Users

5. Global Viscosity Index Improvers Market - Regional Outlook
5.1. North America
5.1.1. Market by Product Type
5.1.2. Market by End-User
5.1.2.1. Market by Automotive
5.1.3. Country Analysis
5.1.3.1. United States
5.1.3.2. Canada
5.2. Europe
5.2.1. Market by Product Type
5.2.2. Market by End-User
5.2.2.1. Market by Automotive
5.2.3. Country Analysis
5.2.3.1. United Kingdom
5.2.3.2. Germany
5.2.3.3. France
5.2.3.4. Spain
5.2.3.5. Italy
5.2.3.6. Russia
5.2.3.7. Rest of Europe
5.3. Asia-Pacific
5.3.1. Market by Product Type
5.3.2. Market by End-User
5.3.2.1. Market by Automotive
5.3.3. Country Analysis
5.3.3.1. China
5.3.3.2. Japan
5.3.3.3. India
5.3.3.4. South Korea
5.3.3.5. Asean Countries
5.3.3.6. Australia & New Zealand
5.3.3.7. Rest of Asia-Pacific
5.4. Latin America
5.4.1. Market by Product Type
5.4.2. Market by End-User
5.4.2.1. Market by Automotive
5.4.3. Country Analysis
5.4.3.1. Brazil
5.4.3.2. Mexico
5.4.3.3. Rest of Latin America
5.5. Middle East and Africa
5.5.1. Market by Product Type
5.5.2. Market by End-User
5.5.2.1. Market by Automotive
5.5.3. Country Analysis
5.5.3.1. United Arab Emirates
5.5.3.2. Saudi Arabia
5.5.3.3. Turkey
5.5.3.4. South Africa
5.5.3.5. Rest of Middle East & Africa

6. Competitive Landscape
6.1. Afton Chemical Corporation
6.2. Basf Se
6.3. Chevron Oronite Company LLC
6.4. Evonik Industries AG
6.5. Bpt Chemical Co Ltd
6.6. Lubrizol Corporation
6.7. Infineum International Limited
6.8. Sanyo Chemical Industries Ltd
6.9. Croda International plc
6.10. Brb International Bv
6.11. Jinzhou Kangtai Lubricant Additives Co Ltd
6.12. Shanghai Minglan Chemical Co Ltd
6.13. Jilin Xingyun Chemical Co Ltd
6.14. Exxon Mobil Corporation
6.15. Eni Spa
6.16. Asian Oil Company

7. Research Methodology & Scope
7.1. Research Scope & Deliverables
7.2. Sources of Data
7.3. Research Methodology

List of Tables
Table 1: Global Viscosity Index Improvers Market, by Geography, 2022-2028 (In $ Million)
Table 2: List of Acquisitions
Table 3: List of Product Developments
Table 4: List of Contracts & Agreements
Table 5: List of Investments & Expansions
Table 6: Vendor Scorecard
Table 7: Global Viscosity Index Improvers Market, by Product Type, 2022-2028 (In $ Million)
Table 8: Global Viscosity Index Improvers Market, by End-Users, 2022-2028 (In $ Million)
Table 9: Global Viscosity Index Improvers Market, by Automotive, 2022-2028 (In $ Million)
Table 10: Global Viscosity Index Improvers Market, by Geography, 2022-2028 (In $ Million)
Table 11: North America Viscosity Index Improvers Market, by Country, 2022-2028 (In $ Million)
Table 12: North America Viscosity Index Improvers Market, by Product Type, 2022-2028 (In $ Million)
Table 13: North America Viscosity Index Improvers Market, by End-User, 2022-2028 (In $ Million)
Table 14: North America Viscosity Index Improvers Market, by Automotive, 2022-2028 (In $ Million)
Table 15: Europe Viscosity Index Improvers Market, by Country, 2022-2028 (In $ Million)
Table 16: Europe Viscosity Index Improvers Market, by Product Type, 2022-2028 (In $ Million)
Table 17: Europe Viscosity Index Improvers Market, by End-User, 2022-2028 (In $ Million)
Table 18: Europe Viscosity Index Improvers Market, by Automotive, 2022-2028 (In $ Million)
Table 19: Asia-Pacific Viscosity Index Improvers Market, by Country, 2022-2028 (In $ Million)
Table 20: Asia-Pacific Viscosity Index Improvers Market, by Product Type, 2022-2028 (In $ Million)
Table 21: Asia-Pacific Viscosity Index Improvers Market, by End-User, 2022-2028 (In $ Million)
Table 22: Asia-Pacific Viscosity Index Improvers Market, by Automotive, 2022-2028 (In $ Million)
Table 23: Latin America Viscosity Index Improvers Market, by Country, 2022-2028 (In $ Million)
Table 24: Latin America Viscosity Index Improvers Market, by Product Type, 2022-2028 (In $ Million)
Table 25: Latin America Viscosity Index Improvers Market, by End-User, 2022-2028 (In $ Million)
Table 26: Latin America Viscosity Index Improvers Market, by Automotive, 2022-2028 (In $ Million)
Table 27: Middle East and Africa Viscosity Index Improvers Market, by Country, 2022-2028 (In $ Million)
Table 28: Middle East and Africa Viscosity Index Improvers Market, by Product Type, 2022-2028 (In $ Million)
Table 29: Middle East and Africa Viscosity Index Improvers Market, by End-User, 2022-2028 (In $ Million)
Table 30: Middle East and Africa Viscosity Index Improvers Market, by Automotive, 2022-2028 (In $ Million)List of Figures
Figure 1: Market Attractiveness Index
Figure 2: Global Viscosity Index Improvers Market, Product Outlook, 2021 & 2028 (In %)
Figure 3: Global Viscosity Index Improvers Market, by Polymethacrylate, 2022-2028 (In $ Million)
Figure 4: Global Viscosity Index Improvers Market, by Olefin Copolymer, 2022-2028 (In $ Million)
Figure 5: Global Viscosity Index Improvers Market, by Polyisobutylene, 2022-2028 (In $ Million)
Figure 6: Global Viscosity Index Improvers Market, by Other Product Type, 2022-2028 (In $ Million)
Figure 7: Global Viscosity Index Improvers Market, End-Users Outlook, 2021 & 2028 (In %)
Figure 8: Global Viscosity Index Improvers Market, by Automotive, 2022-2028 (In $ Million)
Figure 9: Global Viscosity Index Improvers Market, by Industrial, 2022-2028 (In $ Million)
Figure 10: Global Viscosity Index Improvers Market, by Other End-Users, 2022-2028 (In $ Million)
Figure 11: Global Viscosity Index Improvers Market, Regional Outlook, 2021 & 2028 (In %)
Figure 12: United States Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 13: Canada Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 14: United Kingdom Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 15: Germany Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 16: France Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 17: Spain Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 18: Italy Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 19: Russia Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 20: Rest of Europe Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 21: China Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 22: Japan Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 23: India Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 24: South Korea Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 25: Asean Countries Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 26: Australia & New Zealand Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 27: Rest of Asia-Pacific Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 28: Brazil Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 29: Mexico Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 30: Rest of Latin America Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 31: United Arab Emirates Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 32: Saudi Arabia Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 33: Turkey Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 34: South Africa Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 35: Rest of Middle East & Africa Viscosity Index Improvers Market 2022-2028 (In $ Million)