Market Overview:
The global viscosity index 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%. The high demand for low, medium and high viscosity fluids from the automotive, shipping and machinery industries are the key factors driving the growth of the global viscosity index improvers market. Based on type, the global viscosity index improvers market has been segmented into low, medium, high and very high viscosity fluids. Low viscosity fluids are expected to account for a major share of the global market during the forecast period owing to their wide applicability in various end-use industries. Medium viscosity fluids are also anticipated to witness significant growth during 2018-2030 due their increasing use as lubricants in automobiles and ships.
Product Definition:
A viscosity index improver is a substance that is added to a lubricating oil to increase its viscosity index. This means that the oil will be less likely to thin out at high temperatures and will stay thicker under pressure, which can help protect against wear and tear. Viscosity index improvers are important for high-temperature applications such as automotive engines.
Low:
Low is a viscosity index improver, which increases the fluid's surface area and reduces its volume. It is added to liquid fertilizers to increase their ability to absorb water and nutrients from the soil. The product helps in increasing crop yield by improving seed germination as well as fruit development. It also minimizes moisture loss during grain processing and improves flour quality by reducing gluten levels in wheat flour.
Medium:
Medium is a colorless and odorless liquid with viscosity. It has many industrial applications such as in paints, coatings, printing inks, adhesives & sealants and elastomers. Medium can also be used to improve the flow characteristics of polymers or to adjust the rheology of an ink formulation.
Application Insights:
Machinery and equipment was the largest application segment in 2016, accounting for over 40% of the global market. Machinery and equipment are usually manufactured using high-performance materials that ensure long life spans. Improvers help maintain performance of these complex machinery components by reducing friction, wear and tear. They also help reduce oil consumption by increasing efficiency of lubrication systems in machinery and heavy industrial applications.
The other segment includes consumer goods such as household appliances that require low viscosity fluids to function properly or at all levels of performance required from them. The growth rate for this segment is expected to be higher than others owing to rising population globally which has a direct impact on increased use of consumer goods such as refrigerators, washing machines etcetera over the forecast period globally which will increase demand for GVIIsIIMAO).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing foreign investments in countries such as China, India, and Japan. For instance, in July 2017, Sinopec acquired a 19.9% stake of Lotte Chemical Indonesia (LCII) for USD X billion which will help it expand its lubricant production capacity in Indonesia and strengthen its foothold across Southeast Asia region by providing additional downstream services for other companies’ raw materials and chemicals needs.
Growth Factors:
- Increasing demand for high-performance lubricants from the automotive and industrial sectors
- Growing awareness about the benefits of using VI improvers in lubricants
- Rising investments in research and development to develop new and better VI improvers
- Proliferation of nanotechnology-based VI improvers that offer better performance than traditional products
- Increasing demand for environmentally friendly products
Scope Of The Report
Report Attributes
Report Details
Report Title
Viscosity Index Improvers Market Research Report
By Type
Low, Medium, High, Very High Viscosity Fluids
By Application
Car, Ship, Machinery And Equipment, Other
By Companies
Chevron Oronite Company LLC, Infineum International Limited, Afton Chemical, Functional Products, The Lubrizol Corporation, Evonik, Conco Philips, Tri-iso Tryline
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Viscosity Index Improvers Market Report Segments:
The global Viscosity Index Improvers market is segmented on the basis of:
Types
Low, Medium, High, Very High Viscosity Fluids
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
Car, Ship, Machinery And Equipment, 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 Company LLC
- Infineum International Limited
- Afton Chemical
- Functional Products
- The Lubrizol Corporation
- Evonik
- Conco Philips
- Tri-iso Tryline
Highlights of The Viscosity Index 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:
- Low
- Medium
- High
- Very High Viscosity Fluids
- By Application:
- Car
- Ship
- Machinery And Equipment
- 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 Viscosity Index 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
- Channel & Customer Management
- 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?
Viscosity index improvers are a type of additive that can be used to improve the viscosity of a fluid. They are often used in industrial and chemical applications where high viscosity is desired, such as in paints, coatings, and adhesives.
Some of the key players operating in the viscosity index improvers market are Chevron Oronite Company LLC, Infineum International Limited, Afton Chemical, Functional Products, The Lubrizol Corporation, Evonik, Conco Philips, Tri-iso Tryline.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Viscosity Index 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. Viscosity Index Improvers 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 Market - Supply Chain
4.5. Global Viscosity Index Improvers Market Forecast
4.5.1. Viscosity Index Improvers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Viscosity Index Improvers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Viscosity Index Improvers Market Absolute $ Opportunity
5. Global Viscosity Index 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. Viscosity Index Improvers Market Size and Volume Forecast by Type
5.3.1. Low
5.3.2. Medium
5.3.3. High
5.3.4. Very High Viscosity Fluids
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Viscosity Index 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. Viscosity Index Improvers Market Size and Volume Forecast by Application
6.3.1. Car
6.3.2. Ship
6.3.3. Machinery And Equipment
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Viscosity Index 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. Viscosity Index 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 Viscosity Index 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. Viscosity Index 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 Viscosity Index Improvers Demand Share Forecast, 2019-2029
9. North America Viscosity Index 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 Viscosity Index 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 Viscosity Index Improvers Market Size and Volume Forecast by Application
9.4.1. Car
9.4.2. Ship
9.4.3. Machinery And Equipment
9.4.4. Other
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 Market Size and Volume Forecast by Type
9.7.1. Low
9.7.2. Medium
9.7.3. High
9.7.4. Very High Viscosity Fluids
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 Demand Share Forecast, 2019-2029
10. Latin America Viscosity Index 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 Viscosity Index 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 Viscosity Index Improvers Market Size and Volume Forecast by Application
10.4.1. Car
10.4.2. Ship
10.4.3. Machinery And Equipment
10.4.4. Other
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 Market Size and Volume Forecast by Type
10.7.1. Low
10.7.2. Medium
10.7.3. High
10.7.4. Very High Viscosity Fluids
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 Demand Share Forecast, 2019-2029
11. Europe Viscosity Index 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 Viscosity Index 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 Viscosity Index Improvers Market Size and Volume Forecast by Application
11.4.1. Car
11.4.2. Ship
11.4.3. Machinery And Equipment
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Viscosity Index Improvers Market Size and Volume Forecast by Type
11.7.1. Low
11.7.2. Medium
11.7.3. High
11.7.4. Very High Viscosity Fluids
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 Demand Share, 2019-2029
12. Asia Pacific Viscosity Index 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 Viscosity Index 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 Viscosity Index Improvers Market Size and Volume Forecast by Application
12.4.1. Car
12.4.2. Ship
12.4.3. Machinery And Equipment
12.4.4. Other
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 Market Size and Volume Forecast by Type
12.7.1. Low
12.7.2. Medium
12.7.3. High
12.7.4. Very High Viscosity Fluids
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 Demand Share, 2019-2029
13. Middle East & Africa Viscosity Index 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 Viscosity Index 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 Viscosity Index Improvers Market Size and Volume Forecast by Application
13.4.1. Car
13.4.2. Ship
13.4.3. Machinery And Equipment
13.4.4. Other
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 Market Size and Volume Forecast by Type
13.7.1. Low
13.7.2. Medium
13.7.3. High
13.7.4. Very High Viscosity Fluids
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 Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Viscosity Index Improvers Market: Market Share Analysis
14.2. Viscosity Index Improvers Distributors and Customers
14.3. Viscosity Index Improvers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Chevron Oronite Company LLC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Infineum International Limited
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Afton Chemical
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Functional Products
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. The Lubrizol Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Evonik
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Conco Philips
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tri-iso Tryline
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
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
