Global Viscosity Index Improvers (VII) Industry Market by Type (By Chemical Class (OCbased/PMbased/Styrenicbased), By Viscosity Grade (Multigrade Oils/Monograde Oils)), By Application (PCMOs, HDMOs, Hydraulic Fluids, Gear Oils) And By Region - North America, Latin America, Europe, Asia Pacific and Middle East & Africa.
The global viscosity index improver market is projected to grow at a CAGR of 4.5% during the forecast period from 2021 to 2030. The growth of this market can be attributed to the increasing demand for high-performance lubricants in various industries such as automotive and industrial sectors. The major players in this industry are ExxonMobil Corporation; Chevron Corporation; Royal Dutch Shell plc.; BP plc.; Total S.A.; Sinopec Group; Saudi Aramco; Lukoil PJSC; Rosneft Oil Company PJSC; Kuwait Petroleum Corporation SPCO Ltd; Petrobras S.A., Petróleo Brasileiro S.A., and others.
- VII is a measure of the ability of a fluid to resist shear stress.
- VII is used in the oil and gas industry to measure the ability of fluids to flow through pipelines, and in the food industry as an indicator for how quickly sauces will thicken when heated.
- The VII number is calculated by measuring how much force it takes to move one millimeter per second through a fluid at 20 degrees Celsius, with higher numbers indicating more viscous fluids that are more resistant to shear stress.
- The most common type of VII improver is guar gum, which can be found in many processed foods such as ice cream, salad dressing, and yogurt.
- Guar gum has been shown to have positive effects on blood sugar levels.
Industry Growth Insights published a new data on “Viscosity Index Improvers (VII) Industry Market”. The research report is titled “Viscosity Index Improvers (VII) Industry Market research by Types (By Chemical Class (OCP-based/PMA-based/Styrenics-based), By Viscosity Grade (Multigrade Oils/Monograde Oils)), By Applications (PCMOs, HDMOs, Hydraulic Fluids, Gear Oils, Others), By Players/Companies Chevron Oronite, Evonik, Infineum, Lubrizol, Paras Lubricants Limited, AMTECOL, Croda International, LANXESS, Jinzhou Kangtai Lubricant Additives, Nanjing Runyou Chemical Industry Additive, Sanyo Chemical Industries, Shenyang Great Wall Lubricating Oil Manufacturing”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Viscosity Index Improvers (VII) Industry Market Research Report
By Type
By Chemical Class (OCP-based/PMA-based/Styrenics-based), By Viscosity Grade (Multigrade Oils/Monograde Oils)
By Application
PCMOs, HDMOs, Hydraulic Fluids, Gear Oils, Others
By Companies
Chevron Oronite, Evonik, Infineum, Lubrizol, Paras Lubricants Limited, AMTECOL, Croda International, LANXESS, Jinzhou Kangtai Lubricant Additives, Nanjing Runyou Chemical Industry Additive, Sanyo Chemical Industries, 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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
 Industry Industry Outlook.svg)
Global Viscosity Index Improvers (VII) Industry Market Report Segments:
The global Viscosity Index Improvers (VII) Industry market is segmented on the basis of:
Types
By Chemical Class (OCP-based/PMA-based/Styrenics-based), By Viscosity Grade (Multigrade Oils/Monograde 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
PCMOs, HDMOs, Hydraulic Fluids, Gear Oils, Others
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
- Infineum
- Lubrizol
- Paras Lubricants Limited
- AMTECOL
- Croda International
- LANXESS
- Jinzhou Kangtai Lubricant Additives
- Nanjing Runyou Chemical Industry Additive
- Sanyo Chemical Industries
- Shenyang Great Wall Lubricating Oil Manufacturing
 Industry Market Overview.svg)
Highlights of The Viscosity Index Improvers (VII) Industry 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:
- By Chemical Class (OCP-based/PMA-based/Styrenics-based)
- By Viscosity Grade (Multigrade Oils/Monograde Oils)
- By Application:
- PCMOs
- HDMOs
- Hydraulic Fluids
- Gear Oils
- Others
- 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 Viscosity Index Improvers (VII) Industry 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Industry Market Statistics.svg)
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?
The Viscosity Index Improvers (VII) industry is a $2.5 billion global market that consists of companies that develop and commercialize viscosity index improvers. These products are used to improve the flow, stability, and consistency of liquids and pastes.
Some of the key players operating in the viscosity index improvers (vii) industry market are Chevron Oronite, Evonik, Infineum, Lubrizol, Paras Lubricants Limited, AMTECOL, Croda International, LANXESS, Jinzhou Kangtai Lubricant Additives, Nanjing Runyou Chemical Industry Additive, Sanyo Chemical Industries, Shenyang Great Wall Lubricating Oil Manufacturing.
The viscosity index improvers (vii) industry market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Viscosity Index Improvers (VII) Industry Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Viscosity Index Improvers (VII) Industry Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Viscosity Index Improvers (VII) Industry Market - Supply Chain
4.5. Global Viscosity Index Improvers (VII) Industry Market Forecast
4.5.1. Viscosity Index Improvers (VII) Industry Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Viscosity Index Improvers (VII) Industry Market Size (000 Units) and Y-o-Y Growth
4.5.3. Viscosity Index Improvers (VII) Industry Market Absolute $ Opportunity
5. Global Viscosity Index Improvers (VII) Industry 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. Viscosity Index Improvers (VII) Industry Market Size and Volume Forecast by Type
5.3.1. By Chemical Class (OCP-based/PMA-based/Styrenics-based)
5.3.2. By Viscosity Grade (Multigrade Oils/Monograde Oils)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Viscosity Index Improvers (VII) Industry 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. Viscosity Index Improvers (VII) Industry Market Size and Volume Forecast by Application
6.3.1. PCMOs
6.3.2. HDMOs
6.3.3. Hydraulic Fluids
6.3.4. Gear Oils
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Viscosity Index Improvers (VII) Industry 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. Viscosity Index Improvers (VII) Industry 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 Viscosity Index Improvers (VII) Industry 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. Viscosity Index Improvers (VII) Industry 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 Viscosity Index Improvers (VII) Industry Demand Share Forecast, 2019-2026
9. North America Viscosity Index Improvers (VII) Industry 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 Viscosity Index Improvers (VII) Industry 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 Viscosity Index Improvers (VII) Industry Market Size and Volume Forecast by Application
9.4.1. PCMOs
9.4.2. HDMOs
9.4.3. Hydraulic Fluids
9.4.4. Gear Oils
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Viscosity Index Improvers (VII) Industry Market Size and Volume Forecast by Type
9.7.1. By Chemical Class (OCP-based/PMA-based/Styrenics-based)
9.7.2. By Viscosity Grade (Multigrade Oils/Monograde 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 Viscosity Index Improvers (VII) Industry Demand Share Forecast, 2019-2026
10. Latin America Viscosity Index Improvers (VII) Industry 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 Viscosity Index Improvers (VII) Industry 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 Viscosity Index Improvers (VII) Industry Market Size and Volume Forecast by Application
10.4.1. PCMOs
10.4.2. HDMOs
10.4.3. Hydraulic Fluids
10.4.4. Gear Oils
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Viscosity Index Improvers (VII) Industry Market Size and Volume Forecast by Type
10.7.1. By Chemical Class (OCP-based/PMA-based/Styrenics-based)
10.7.2. By Viscosity Grade (Multigrade Oils/Monograde 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 Viscosity Index Improvers (VII) Industry Demand Share Forecast, 2019-2026
11. Europe Viscosity Index Improvers (VII) Industry 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 Viscosity Index Improvers (VII) Industry 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 Viscosity Index Improvers (VII) Industry Market Size and Volume Forecast by Application
11.4.1. PCMOs
11.4.2. HDMOs
11.4.3. Hydraulic Fluids
11.4.4. Gear Oils
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Viscosity Index Improvers (VII) Industry Market Size and Volume Forecast by Type
11.7.1. By Chemical Class (OCP-based/PMA-based/Styrenics-based)
11.7.2. By Viscosity Grade (Multigrade Oils/Monograde 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 Viscosity Index Improvers (VII) Industry Demand Share, 2019-2026
12. Asia Pacific Viscosity Index Improvers (VII) Industry 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 Viscosity Index Improvers (VII) Industry 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 Viscosity Index Improvers (VII) Industry Market Size and Volume Forecast by Application
12.4.1. PCMOs
12.4.2. HDMOs
12.4.3. Hydraulic Fluids
12.4.4. Gear Oils
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Viscosity Index Improvers (VII) Industry Market Size and Volume Forecast by Type
12.7.1. By Chemical Class (OCP-based/PMA-based/Styrenics-based)
12.7.2. By Viscosity Grade (Multigrade Oils/Monograde 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 Viscosity Index Improvers (VII) Industry Demand Share, 2019-2026
13. Middle East & Africa Viscosity Index Improvers (VII) Industry 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 Viscosity Index Improvers (VII) Industry 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 Viscosity Index Improvers (VII) Industry Market Size and Volume Forecast by Application
13.4.1. PCMOs
13.4.2. HDMOs
13.4.3. Hydraulic Fluids
13.4.4. Gear Oils
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Viscosity Index Improvers (VII) Industry Market Size and Volume Forecast by Type
13.7.1. By Chemical Class (OCP-based/PMA-based/Styrenics-based)
13.7.2. By Viscosity Grade (Multigrade Oils/Monograde 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 Viscosity Index Improvers (VII) Industry Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Viscosity Index Improvers (VII) Industry Market: Market Share Analysis
14.2. Viscosity Index Improvers (VII) Industry Distributors and Customers
14.3. Viscosity Index Improvers (VII) Industry 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. Infineum
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Lubrizol
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Paras Lubricants Limited
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AMTECOL
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Croda International
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. LANXESS
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Jinzhou Kangtai Lubricant Additives
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nanjing Runyou Chemical Industry Additive
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sanyo Chemical Industries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shenyang Great Wall Lubricating Oil Manufacturing
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
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
