Market Overview:
The global lubricant viscosity grade improvers market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The growth of the market can be attributed to the increasing demand for high-performance lubricants from various end-use industries. Based on type, the global lubricant viscosity grade improvers market has been segmented into multigrade oils and other types. Multigrade oils are projected to account for a larger share of the market during the forecast period owing to their superior performance as compared to other types of lubricants. Based on application, the global lubricant viscosity grade improvers market has been segmented into passenger car motor oils (PCMOs), heavy-duty motor oils (HDMOs), hydraulic fluids, gear oils, and others. Passenger car motor oil is expected to account for a major share of the global lubricant viscosity grade improvers market during 2018–2030 owing to its growing demand from developed countries across Europe and North America.
Product Definition:
Lubricant Viscosity Grade Improvers are additives that are used to improve the viscosity of a lubricant. This can be important because it can help the lubricant to better protect against wear and tear.
Multigrade Oils:
Multigrade oils are specially formulated to provide high performance and longer drain intervals at a much lower cost per ml than conventional motor oil. They are also designed to deliver the same performance as that of high-cost viscosity motor oil, while keeping the operating costs low.
The multigrade oils market is expected to grow at an estimated CAGR of XX% from 2018 - 2025 owing to several factors such as growing demand for synthetic.
Multigrade Oils:
Multigrade oils are specially designed to provide viscosity improvement at high temperatures. They are widely used in the manufacturing industries as well as by the automotive industry. The multigrade oil is a blend of several different oils, which have different viscosities at various temperatures. It is also known as a variable-viscosity oil or temperature improver and it helps to improve engine performance by reducing friction between moving parts thus increasing efficiency and power output in engines.
Application Insights:
Passenger car motor oils (PCMOs) were the largest application segment and accounted for a volume share of over 60.0% in 2017. PCMOs are used as engine oil replacement within passenger cars, light commercial vehicles (LCVs), and heavy-duty motor oils (HDMOs). The global automotive industry is witnessing significant growth owing to increasing disposable income among the middle-class population, especially in developing countries such as India and China. This trend is expected to continue over the forecast period, thereby driving demand for high-performance lubricant viscosity grade improvers for use in these applications during the next seven years.
The heavy-duty motor oils segment is anticipated to witness substantial growth on account of growing industrialization & infrastructure development along with rising per capita income levels across emerging economies including Brazil, South Africa, Indonesia Malaysia Philippines Thailand etc.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for over 40% of the overall share. The region is also anticipated to be the fastest-growing market from 2018 to 2030 owing to increasing automotive production in countries, such as China, India, Thailand, Indonesia and Japan. Moreover, rising disposable income levels coupled with a growing population will boost demand further.
The Asia Pacific lubricant viscosity grade improvers industry is expected to witness significant growth on account of rapid industrialization along with expanding end-use industries including transportation and machinery manufacturing. In addition, favorable government initiatives promoting investments through FDI are likely to contribute toward higher product penetration across various application segments over the forecast period.
Growth Factors:
- Increasing demand for high-performance lubricants from the automotive and industrial sectors
- Growing awareness about the benefits of using viscosity grade improvers in lubricants
- Rising investments in research and development to develop new and better products
- Proliferation of nanotechnology-based viscosity grade improvers that offer better performance than traditional products
- Increasing demand for environmentally friendly lubricants
Scope Of The Report
Report Attributes
Report Details
Report Title
Lubricant Viscosity Grade Improvers Market Research Report
By Type
Multigrade Oils, Multigrade Oils
By Application
Passenger Car Motor Oils (PCMOs), Heavy-Duty Motor Oils (HDMOs), Hydraulic Fluids, Gear Oils, Other
By Companies
Chevron Oronite, Evonik, Lubrizol, Lanxess, Infineum, NewMarket, Sanyo Chemical Industries, Midcontinental Chemical, Croda International, Amtecol, Jinzhou Kangtai Lubricant Additives, Nanjing Runyou Chemical Industry Additive, Shenyang Great Wall Lubricating Oil Manufacturing
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Lubricant Viscosity Grade Improvers Market Report Segments:
The global Lubricant Viscosity Grade Improvers market is segmented on the basis of:
Types
Multigrade Oils, Multigrade Oils
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car Motor Oils (PCMOs), Heavy-Duty Motor Oils (HDMOs), Hydraulic Fluids, Gear Oils, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Chevron Oronite
- Evonik
- Lubrizol
- Lanxess
- Infineum
- NewMarket
- Sanyo Chemical Industries
- Midcontinental Chemical
- Croda International
- Amtecol
- Jinzhou Kangtai Lubricant Additives
- Nanjing Runyou Chemical Industry Additive
- Shenyang Great Wall Lubricating Oil Manufacturing
Highlights of The Lubricant Viscosity Grade Improvers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Multigrade Oils
- Multigrade Oils
- By Application:
- Passenger Car Motor Oils (PCMOs)
- Heavy-Duty Motor Oils (HDMOs)
- Hydraulic Fluids
- Gear Oils
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lubricant Viscosity Grade Improvers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lubricant viscosity grade improvers are a type of additive that can be used to increase the lubricity of a lubricant. This can help reduce friction and wear between moving parts, which in turn can improve performance.
Some of the key players operating in the lubricant viscosity grade improvers market are Chevron Oronite, Evonik, Lubrizol, Lanxess, Infineum, NewMarket, Sanyo Chemical Industries, Midcontinental Chemical, Croda International, Amtecol, Jinzhou Kangtai Lubricant Additives, Nanjing Runyou Chemical Industry Additive, Shenyang Great Wall Lubricating Oil Manufacturing.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lubricant Viscosity Grade Improvers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lubricant Viscosity Grade Improvers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lubricant Viscosity Grade Improvers Market - Supply Chain
4.5. Global Lubricant Viscosity Grade Improvers Market Forecast
4.5.1. Lubricant Viscosity Grade Improvers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lubricant Viscosity Grade Improvers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lubricant Viscosity Grade Improvers Market Absolute $ Opportunity
5. Global Lubricant Viscosity Grade Improvers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lubricant Viscosity Grade Improvers Market Size and Volume Forecast by Type
5.3.1. Multigrade Oils
5.3.2. Multigrade Oils
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lubricant Viscosity Grade Improvers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lubricant Viscosity Grade Improvers Market Size and Volume Forecast by Application
6.3.1. Passenger Car Motor Oils (PCMOs)
6.3.2. Heavy-Duty Motor Oils (HDMOs)
6.3.3. Hydraulic Fluids
6.3.4. Gear Oils
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lubricant Viscosity Grade Improvers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lubricant Viscosity Grade Improvers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lubricant Viscosity Grade Improvers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lubricant Viscosity Grade Improvers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lubricant Viscosity Grade Improvers Demand Share Forecast, 2019-2026
9. North America Lubricant Viscosity Grade Improvers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lubricant Viscosity Grade Improvers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lubricant Viscosity Grade Improvers Market Size and Volume Forecast by Application
9.4.1. Passenger Car Motor Oils (PCMOs)
9.4.2. Heavy-Duty Motor Oils (HDMOs)
9.4.3. Hydraulic Fluids
9.4.4. Gear Oils
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lubricant Viscosity Grade Improvers Market Size and Volume Forecast by Type
9.7.1. Multigrade Oils
9.7.2. Multigrade Oils
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lubricant Viscosity Grade Improvers Demand Share Forecast, 2019-2026
10. Latin America Lubricant Viscosity Grade Improvers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lubricant Viscosity Grade Improvers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lubricant Viscosity Grade Improvers Market Size and Volume Forecast by Application
10.4.1. Passenger Car Motor Oils (PCMOs)
10.4.2. Heavy-Duty Motor Oils (HDMOs)
10.4.3. Hydraulic Fluids
10.4.4. Gear Oils
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lubricant Viscosity Grade Improvers Market Size and Volume Forecast by Type
10.7.1. Multigrade Oils
10.7.2. Multigrade Oils
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lubricant Viscosity Grade Improvers Demand Share Forecast, 2019-2026
11. Europe Lubricant Viscosity Grade Improvers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lubricant Viscosity Grade Improvers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lubricant Viscosity Grade Improvers Market Size and Volume Forecast by Application
11.4.1. Passenger Car Motor Oils (PCMOs)
11.4.2. Heavy-Duty Motor Oils (HDMOs)
11.4.3. Hydraulic Fluids
11.4.4. Gear Oils
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lubricant Viscosity Grade Improvers Market Size and Volume Forecast by Type
11.7.1. Multigrade Oils
11.7.2. Multigrade Oils
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lubricant Viscosity Grade Improvers Demand Share, 2019-2026
12. Asia Pacific Lubricant Viscosity Grade Improvers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lubricant Viscosity Grade Improvers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lubricant Viscosity Grade Improvers Market Size and Volume Forecast by Application
12.4.1. Passenger Car Motor Oils (PCMOs)
12.4.2. Heavy-Duty Motor Oils (HDMOs)
12.4.3. Hydraulic Fluids
12.4.4. Gear Oils
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lubricant Viscosity Grade Improvers Market Size and Volume Forecast by Type
12.7.1. Multigrade Oils
12.7.2. Multigrade Oils
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lubricant Viscosity Grade Improvers Demand Share, 2019-2026
13. Middle East & Africa Lubricant Viscosity Grade Improvers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lubricant Viscosity Grade Improvers Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lubricant Viscosity Grade Improvers Market Size and Volume Forecast by Application
13.4.1. Passenger Car Motor Oils (PCMOs)
13.4.2. Heavy-Duty Motor Oils (HDMOs)
13.4.3. Hydraulic Fluids
13.4.4. Gear Oils
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lubricant Viscosity Grade Improvers Market Size and Volume Forecast by Type
13.7.1. Multigrade Oils
13.7.2. Multigrade Oils
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lubricant Viscosity Grade Improvers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lubricant Viscosity Grade Improvers Market: Market Share Analysis
14.2. Lubricant Viscosity Grade Improvers Distributors and Customers
14.3. Lubricant Viscosity Grade Improvers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Chevron Oronite
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Evonik
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Lubrizol
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Lanxess
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Infineum
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NewMarket
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sanyo Chemical Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Midcontinental Chemical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Croda International
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Amtecol
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Jinzhou Kangtai Lubricant Additives
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Nanjing Runyou Chemical Industry Additive
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Shenyang Great Wall Lubricating Oil Manufacturing
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
