| Product Code: ETC13371792 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Viscosity Index Improver Market was valued at USD 1.6 Billion in 2024 and is expected to reach USD 2.2 Billion by 2031, growing at a compound annual growth rate of 15.10% during the forecast period (2025-2031).
The Global Viscosity Index Improver Market is experiencing steady growth due to increasing demand for high-performance lubricants in various industries such as automotive, industrial, and aerospace. Viscosity index improvers are additives used to enhance the viscosity-temperature behavior of lubricants, ensuring optimal performance under varying temperature conditions. The market is driven by the rising need for lubricants that can operate effectively in extreme temperatures and conditions, thereby prolonging equipment lifespan and reducing maintenance costs. Key players in the market are focusing on research and development to introduce innovative viscosity index improver products that offer improved efficiency and durability. Asia-Pacific region is expected to witness significant growth in the market due to rapid industrialization and increasing automotive production, making it a lucrative market for viscosity index improvers.
The Global Viscosity Index Improver Market is experiencing a growing demand due to the increasing automotive industry and the need for efficient lubricants. The market is witnessing a trend towards the development of bio-based viscosity index improvers to meet the growing environmental concerns. Additionally, the rising focus on improving fuel efficiency and reducing emissions in vehicles is driving the demand for viscosity index improvers. Opportunities in this market include technological advancements in polymer chemistry for better performance, expanding applications in various industries like aerospace and marine, and the potential for market growth in emerging economies. Companies in this market can capitalize on these trends by investing in research and development to innovate sustainable and high-performance viscosity index improvers for a competitive edge.
The Global Viscosity Index Improver Market faces several challenges, including increasing competition among key players leading to pricing pressures, fluctuating raw material costs impacting profit margins, and stringent regulations regarding environmental sustainability and product performance. Additionally, the market is influenced by the volatility in the automotive industry, which directly impacts the demand for viscosity index improvers used in lubricants. Developing innovative and cost-effective products to meet the evolving needs of end-users, such as automotive and industrial sectors, is crucial for companies operating in this market. Maintaining quality standards and ensuring product compatibility with different applications while staying ahead of technological advancements are also key challenges faced by players in the Global Viscosity Index Improver Market.
The global viscosity index improver market is primarily driven by the increasing demand for high-quality lubricants in various industries such as automotive, industrial machinery, and construction. Viscosity index improvers help in maintaining optimal viscosity levels, improving lubricant performance in extreme temperatures, reducing friction, and enhancing overall efficiency. Additionally, the growing automotive industry, especially in emerging economies, is fueling the demand for viscosity index improvers to improve fuel efficiency and prolong engine life. Moreover, stringent regulations related to emissions and fuel efficiency are encouraging the adoption of advanced lubricants, further driving the market growth. Technological advancements in the development of sustainable and bio-based viscosity index improvers are also expected to create opportunities for market expansion in the coming years.
Government policies related to the Global Viscosity Index Improver Market primarily focus on environmental regulations and standards to reduce emissions and promote the use of eco-friendly lubricants. Many governments have implemented strict guidelines for the production and use of viscosity index improvers to ensure compliance with environmental protection laws. Additionally, there may be regulations regarding the labeling and disclosure of ingredients in lubricants containing viscosity index improvers to inform consumers about potential environmental impacts. Some governments also offer incentives and subsidies for the development and adoption of sustainable viscosity index improver technologies. Overall, government policies in this market aim to balance the need for efficient lubricants with environmental sustainability goals.
The Global Viscosity Index Improver Market is expected to witness steady growth in the coming years, driven by increasing demand from various end-use industries such as automotive, industrial, and transportation. The market growth will be fueled by the rising need for improved fuel efficiency, extended equipment lifespan, and enhanced performance of lubricants and fluids. Additionally, stringent government regulations regarding emissions and fuel efficiency standards are expected to further boost the adoption of viscosity index improvers. Technological advancements in the development of innovative viscosity index improver products with superior properties and environmental sustainability will also contribute to market growth. Overall, the Global Viscosity Index Improver Market is poised for expansion, with opportunities for manufacturers to innovate and cater to the evolving needs of industries worldwide.
In the Global Viscosity Index Improver Market, Asia is expected to show significant growth due to the expanding automotive industry and increasing demand for lubricants. North America is anticipated to maintain a strong market position driven by the presence of major automotive and industrial sectors. Europe is likely to witness steady growth owing to stringent regulations promoting the use of high-quality lubricants. The Middle East and Africa region is projected to experience moderate growth supported by the expanding industrial sector. Latin America is expected to showcase steady growth due to the rising automotive production and increasing adoption of advanced lubricants. Overall, the global viscosity index improver market is poised for continuous growth across all regions, driven by the increasing focus on enhancing engine efficiency and performance.
Global Viscosity Index Improver Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Viscosity Index Improver Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Viscosity Index Improver Market Revenues & Volume, 2021 & 2031F |
3.3 Global Viscosity Index Improver Market - Industry Life Cycle |
3.4 Global Viscosity Index Improver Market - Porter's Five Forces |
3.5 Global Viscosity Index Improver Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Viscosity Index Improver Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Viscosity Index Improver Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Viscosity Index Improver Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Global Viscosity Index Improver Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Viscosity Index Improver Market Trends |
6 Global Viscosity Index Improver Market, 2021 - 2031 |
6.1 Global Viscosity Index Improver Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Viscosity Index Improver Market, Revenues & Volume, By Polymethacrylate (PMA), 2021 - 2031 |
6.1.3 Global Viscosity Index Improver Market, Revenues & Volume, By Olefin Copolymer (OCP), 2021 - 2031 |
6.1.4 Global Viscosity Index Improver Market, Revenues & Volume, By Styrene Diene Copolymer (SDP), 2021 - 2031 |
6.2 Global Viscosity Index Improver Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Viscosity Index Improver Market, Revenues & Volume, By Engine Oils, 2021 - 2031 |
6.2.3 Global Viscosity Index Improver Market, Revenues & Volume, By Hydraulic Fluids, 2021 - 2031 |
6.2.4 Global Viscosity Index Improver Market, Revenues & Volume, By Gear Oils, 2021 - 2031 |
6.3 Global Viscosity Index Improver Market, Revenues & Volume, By End-Use, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Viscosity Index Improver Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.3.3 Global Viscosity Index Improver Market, Revenues & Volume, By Industrial Machinery, 2021 - 2031 |
6.3.4 Global Viscosity Index Improver Market, Revenues & Volume, By Marine, 2021 - 2031 |
7 North America Viscosity Index Improver Market, Overview & Analysis |
7.1 North America Viscosity Index Improver Market Revenues & Volume, 2021 - 2031 |
7.2 North America Viscosity Index Improver Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Viscosity Index Improver Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Viscosity Index Improver Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Viscosity Index Improver Market, Revenues & Volume, By End-Use, 2021 - 2031 |
8 Latin America (LATAM) Viscosity Index Improver Market, Overview & Analysis |
8.1 Latin America (LATAM) Viscosity Index Improver Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Viscosity Index Improver Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Viscosity Index Improver Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Viscosity Index Improver Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Viscosity Index Improver Market, Revenues & Volume, By End-Use, 2021 - 2031 |
9 Asia Viscosity Index Improver Market, Overview & Analysis |
9.1 Asia Viscosity Index Improver Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Viscosity Index Improver Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Viscosity Index Improver Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Viscosity Index Improver Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Viscosity Index Improver Market, Revenues & Volume, By End-Use, 2021 - 2031 |
10 Africa Viscosity Index Improver Market, Overview & Analysis |
10.1 Africa Viscosity Index Improver Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Viscosity Index Improver Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Viscosity Index Improver Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Viscosity Index Improver Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Viscosity Index Improver Market, Revenues & Volume, By End-Use, 2021 - 2031 |
11 Europe Viscosity Index Improver Market, Overview & Analysis |
11.1 Europe Viscosity Index Improver Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Viscosity Index Improver Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Viscosity Index Improver Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Viscosity Index Improver Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Viscosity Index Improver Market, Revenues & Volume, By End-Use, 2021 - 2031 |
12 Middle East Viscosity Index Improver Market, Overview & Analysis |
12.1 Middle East Viscosity Index Improver Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Viscosity Index Improver Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Viscosity Index Improver Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Viscosity Index Improver Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Viscosity Index Improver Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Viscosity Index Improver Market, Revenues & Volume, By End-Use, 2021 - 2031 |
13 Global Viscosity Index Improver Market Key Performance Indicators |
14 Global Viscosity Index Improver Market - Export/Import By Countries Assessment |
15 Global Viscosity Index Improver Market - Opportunity Assessment |
15.1 Global Viscosity Index Improver Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Viscosity Index Improver Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Viscosity Index Improver Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Viscosity Index Improver Market Opportunity Assessment, By End-Use, 2021 & 2031F |
16 Global Viscosity Index Improver Market - Competitive Landscape |
16.1 Global Viscosity Index Improver Market Revenue Share, By Companies, 2024 |
16.2 Global Viscosity Index Improver Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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