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Global Viscosity Index Improver Market: By Product Type: Polymethylacrylate (PMA), Ethylene Propylene Copolymer (OCP), Hydrostyrene Diene Copolymer (HSD), Polyisobutylene (PIB), Others; By Application: Automotive Lubricants, Industrial Lubricants; Regional Analysis; Competitive Landscape; Industry Events and Developments; 2022-2027

Global Viscosity Index Improver Market Outlook

The global viscosity index improver market is expected to grow at a CAGR of 4.3% during the period 2022-2027. Viscosity index improvers are widely employed in gear oils, multigrade engine oils, automatic transmission fluids, power-steering fluids, greases and some types of hydraulic fluid.

 

The most regular application is for heavy-duty trucks and passenger cars. Materials usually employed to prepare viscosity index improvers include radial polyisoprene, polyisobutylene (PIB), polymethacrylates (PMA) and olefin co-polymers (OCP). Europe, North America, and Asia are likely to be significant markets. 

 

Global Market Likely to be Boosted by Uses in Industrial and Automotive Lubricant Formulations

Viscosity control versus temperature change is a key aspect of an effective and enduring lubricant. Several applications rotate between hot and cold operating temperatures and warrant similar levels of protection and lubrication all through the process.

 

Viscosity index improvers or viscosity modifiers prevent lubricant thinning at higher temperatures. Decreased lubricant viscosity and resultant thinning of the lubricant may diminish the protective properties of the lubricant and cause damage to the equipment. 

 

Viscosity index improvers are complex polymer additives that expand at higher temperatures to thicken the lubricant to make sure that the viscosity remains consistent and stable, protecting the equipment at high as well as low temperatures. Viscosity improvers enable multigrade oil formulation which eliminates the need for cyclical oil changes. The choice of viscosity index improver depends on considerations of finished fluid requirements. Polymers with high molecular weight display superior thickening efficiency, but are more prone to mechanical shear; on the other hand, polymers with lower molecular weight exhibit better shear stability but need to be employed at a higher treat rate. Some types of polymer are susceptible to oxidative and thermal degradation at elevated temperatures, thus, it becomes necessary to choose a polymer with higher oxidative and thermal stability.

 

Solutions by Leading Companies Expected to Stimulate Market Growth

Companies like Afton offer many types of polymer-based viscosity index improvers that function effectively in a broad range of mineral oil lubricant applications. Afton offers a variety of Olefin Copolymer (OCP) viscosity index improvers in liquid as well as solid forms. These OCP VIIs are oil soluble and well-suited to several different lubricant formulations. The company also offers many Polymethacrylate (PMA) based viscosity index improvers (VII) that may be used in multiple industrial and automotive lubricant formulations. Afton's HiTEC® Viscosity Index Improvers may also be employed in many non-lubricant related uses.

 

Evonik's Oil Additives Team provides a wide range of viscosity index improvers for economical blending of high performance driveline fluids with superior thickening efficiency. VISCOPLEX® solutions allow optimum energy efficiency, decreased torque loss, lesser operating temperatures and service life component durability. Functionalized variants allow achievement of prolonged fluid service life.

 

RiiSO distributes a variety of viscosity index improvers for the production of high quality lubricants.  TRiiSO distributes solid viscosity index improvers in bale form as well as in pellets; it also distributes liquid viscosity index improver additives.

 

Such solutions by solution-providers are likely to drive the global viscosity index improver market.

 

Demand for More Fuel-efficient Lubricants that Display Higher Performance Expected to Boost Market Growth 

Sectors such as OEMs, manufacturers of passenger vehicles, heavy duty equipment, and lubricant end-users continually demand more fuel-efficient enduring and better performing lubricants. Such demand for fluids that display superior function in severe conditions and are usable all the year round in all types of climate has led to increased use of high viscosity index high performance fluids in automotive and industrial applications. To fulfil such demands, companies like Lubrizol offer efficient solutions. Lubrizol has devised an advanced polymer additive technology called Asteric™; the technology enables polymer architecture control otherwise not possible with conventional polymer additives. Such offerings are expected to boost the global viscosity index improver market.

 

Market Segmentation

By product type, the market is segmented into:

  • Polymethylacrylate (PMA)
  • Ethylene Propylene Copolymer (OCP)
  • Hydrostyrene Diene Copolymer (HSD)
  • Polyisobutylene (PIB)
  • Others

 

By application, the market is divided into: 

  • Automotive Lubricants
  • Industrial Lubricants

 

By region, the market is classified into:

  • Europe
  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa

 

Key Industry Players in the Market

The report extensively analyses significant players in the global viscosity index improver market, assesses their capacity, and observes newest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Infineum International Limited
  • Chevron Oronite
  • The Lubrizol Corporation
  • Sanyo Chemical Industries
  • LANXESS AG
  • Others

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Viscosity Index Improver Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Viscosity Index Improver Historical Market (2017-2021) 
    8.3    Global Viscosity Index Improver Market Forecast (2022-2027)
    8.4    Global Viscosity Index Improver Market by Product Type
        8.4.1    Polymethylacrylate (PMA)
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Ethylene Propylene Copolymer (OCP)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Hydrostyrene Diene Copolymer (HSD)
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Polyisobutylene (PIB)
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Others
    8.5    Global Viscosity Index Improver Market by Application
        8.5.1    Automotive Lubricants
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Industrial Lubricants
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Global Viscosity Index Improver Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1     Infineum International Limited 
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Chevron Oronite
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    The Lubrizol Corporation
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Sanyo Chemical Industries
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    LANXESS AG
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


List of Key Figures and Tables

1.    Global Viscosity Index Improver Market: Key Industry Highlights, 2017 and 2027
2.    Global Viscosity Index Improver Historical Market: Breakup by Product Type (USD Million), 2017-2021 
3.    Global Viscosity Index Improver Market Forecast: Breakup by Product Type (USD Million), 2022-2027
4.    Global Viscosity Index Improver Historical Market: Breakup by Application (USD Million), 2017-2021
5.    Global Viscosity Index Improver Market Forecast: Breakup by Application (USD Million), 2022-2027
6.    Global Viscosity Index Improver Historical Market: Breakup by Region (USD Million), 2017-2021
7.    Global Viscosity Index Improver Market Forecast: Breakup by Region (USD Million), 2022-2027
8.    North America Viscosity Index Improver Historical Market: Breakup by Country (USD Million), 2017-2021
9.    North America Viscosity Index Improver Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Europe Viscosity Index Improver Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Europe Viscosity Index Improver Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Asia Pacific Viscosity Index Improver Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Asia Pacific Viscosity Index Improver Market Forecast: Breakup by Country (USD Million), 2022-2027 
14.    Latin America Viscosity Index Improver Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Latin America Viscosity Index Improver Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Middle East and Africa Viscosity Index Improver Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Middle East and Africa Viscosity Index Improver Market Forecast: Breakup by Country (USD Million), 2022-2027   
18.    Global Viscosity Index Improver Market Structure

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