| Product Code: ETC7556578 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite a significant decline in the growth rate from 2023 to 2024, India`s import shipments of viscosity index improvers continued to be dominated by top exporting countries such as the USA, Germany, Taiwan, China, and South Korea. The high concentration of the Herfindahl-Hirschman Index (HHI) indicates a consolidated market in 2024. The negative Compound Annual Growth Rate (CAGR) from 2020 to 2024 suggests a challenging market environment, possibly influenced by various factors impacting the industry. Observing these trends can provide valuable insights for stakeholders in the viscosity index improvers market in India.

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 India Viscosity Index Improvers Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Viscosity Index Improvers Market Revenues & Volume, 2021 & 2031F |
3.3 India Viscosity Index Improvers Market - Industry Life Cycle |
3.4 India Viscosity Index Improvers Market - Porter's Five Forces |
3.5 India Viscosity Index Improvers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Viscosity Index Improvers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Viscosity Index Improvers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-performance lubricants in various industries |
4.2.2 Growing automotive industry in India leading to higher demand for viscosity index improvers |
4.2.3 Focus on improving fuel efficiency and reducing emissions driving the need for viscosity index improvers |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in viscosity index improvers production |
4.3.2 Environmental regulations and sustainability concerns impacting the market |
4.3.3 Competition from substitute products affecting the demand for viscosity index improvers |
5 India Viscosity Index Improvers Market Trends |
6 India Viscosity Index Improvers Market, By Types |
6.1 India Viscosity Index Improvers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Viscosity Index Improvers Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 India Viscosity Index Improvers Market Revenues & Volume, By Low, 2021- 2031F |
6.1.4 India Viscosity Index Improvers Market Revenues & Volume, By Medium, 2021- 2031F |
6.1.5 India Viscosity Index Improvers Market Revenues & Volume, By High, 2021- 2031F |
6.2 India Viscosity Index Improvers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Viscosity Index Improvers Market Revenues & Volume, By Car, 2021- 2031F |
6.2.3 India Viscosity Index Improvers Market Revenues & Volume, By Ship, 2021- 2031F |
6.2.4 India Viscosity Index Improvers Market Revenues & Volume, By Machinery And Equipment, 2021- 2031F |
6.2.5 India Viscosity Index Improvers Market Revenues & Volume, By Other, 2021- 2031F |
7 India Viscosity Index Improvers Market Import-Export Trade Statistics |
7.1 India Viscosity Index Improvers Market Export to Major Countries |
7.2 India Viscosity Index Improvers Market Imports from Major Countries |
8 India Viscosity Index Improvers Market Key Performance Indicators |
8.1 Research and development investment in new viscosity index improver technologies |
8.2 Adoption rate of viscosity index improvers in key industries like automotive, industrial machinery, and marine |
8.3 Number of partnerships and collaborations for the development and distribution of viscosity index improvers |
9 India Viscosity Index Improvers Market - Opportunity Assessment |
9.1 India Viscosity Index Improvers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Viscosity Index Improvers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Viscosity Index Improvers Market - Competitive Landscape |
10.1 India Viscosity Index Improvers Market Revenue Share, By Companies, 2024 |
10.2 India Viscosity Index Improvers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 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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