Viscosity Index Improvers Market Report 2025 (Global Edition)

Global Viscosity Index Improvers Market Report 2025 Market Size Split by Type (Polymethacrylate, Olefin Copolymer, Polyisobutylene), by End-User (Manufacturing, Food processing, Mining, Construction, ...

Viscosity Index Improvers Market Report Description

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Viscosity Index Improvers Market Insights Video

Competitive Landscape of the Viscosity Index Improver Market

The competitive landscape of the Viscosity Index Improver market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized Viscosity Index Improver companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

January 2024: Evonik will introduce high-performance phosphate methacrylate VISIOMER® HEMA-P 100. (Source: https://methyl-methacrylate-monomers.evonik.com/en/evonik-launches-high-performance-phosphate-methacrylate-visiomer-hema-p-100-232339.html)

Top Companies Market Share in Viscosity Index Improvers Industry: (In no particular order of Rank)

• Infineum International Limited
• Chevron Oronite
• The Lubrizol Corporation
• Sanyo Chemical Industries
• LANXESS AG
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Viscosity Index Improver Market

Which Region Dominates the Viscosity Index Improver Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. North America's Viscosity Index Improver (VII) market is expanding due to sturdy automotive industry growth, advanced engine generation, and a growing call for high-performance lubricants. Key factors consist of growing vehicle sales, stringent environmental rules, and commercial development. Innovation in lubricant formulations further drives market increase, making North America a giant participant in the worldwide VII market.

Which Region is Expanding at the Fastest CAGR?

Europe stands out as the fastest-growing region in the Viscosity Index Improver market due to several compelling reasons. ?Europe's Viscosity Index Improver (VII) marketplace is increasing because of stringent environmental rules riding call for high-performance lubricants. The location's automotive sector is adopting superior engine technologies, necessitating lubricants that hold the most desirable viscosity throughout various temperatures. This fashion, coupled with increasing commercial sports, underscores Europe's position as a developing marketplace for VIIs within the global context.

 

The current report Scope analyzes Viscosity Index Improvers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Viscosity Index Improvers Market Analysis

According to Cognitive Market Research, the global Viscosity Index Improver market size was estimated at USD 4124.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1649.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Viscosity Index Improver market with a market size of USD 1301.60 million in 2024 and is projected to grow at a CAGR of 2.5% during the forecast period. The demand is amplified by the automotive industry growth.
• The Canada Viscosity Index Improver market had a market share of USD 197.96 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. Canada's lubricant demand.
• The Mexico Viscosity Index Improver market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 150.12 million in 2024.

Europe Viscosity Index Improvers Market Analysis

According to Cognitive Market Research, the global Viscosity Index Improver market size was estimated at USD 4124.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 1237.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.

• The United Kingdom Viscosity Index Improver market had a market share of USD 207.86 million in 2024 and is projected to grow at a CAGR of 3.8% during the forecast period. In the UK, Viscosity Index Improver sales witness an upswing due to the engine efficiency requirements.
• The France Viscosity Index Improver market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 113.83 million in 2024.
• According to Cognitive Market Research, the Germany Viscosity Index Improver market size was valued at USD 244.98 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. In Germany, Viscosity Index Improver sales surged due to the industrialization.
• The Italy Viscosity Index Improver market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 106.40 million in 2024.
• The Russia Viscosity Index Improver market is projected to witness growth at a CAGR of 2.0% during the forecast period, with a market size of USD 191.78 million in 2024.
• The Spain Viscosity Index Improver market is projected to witness growth at a CAGR of 2.1% during the forecast period with a market size of USD 101.46 million in 2024
• The Luxembourg Viscosity Index Improver market is projected to witness growth at a CAGR of 3.1% during the forecast period, with a market size of USD 38.36 million in 2024.
• The Portugal Viscosity Index Improver market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 25.98 million in 2024.
• The Greece Viscosity Index Improver market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 14.85 million in 2024.
• Rest of Europe's Viscosity Index Improver market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 191.78 million in 2024.

Asia Pacific Viscosity Index Improvers Market Analysis

According to Cognitive Market Research, the global Viscosity Index Improver market size was estimated at USD 4124.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 948.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Viscosity Index Improver market size was valued at USD 426.85 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Viscosity Index Improver sales surge in China due to the technological advancements.
• The Japan Viscosity Index Improver market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 130.90 million in 2024.
• The India Viscosity Index Improver market had a market share of USD 113.83 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. India's regulatory standards.
• The South Korea Viscosity Index Improver market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 94.86 million in 2024.
• The Australia Viscosity Index Improver market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 49.33 million in 2024.
• The South East Asia Viscosity Index Improver market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 65.45 million in 2024.
• The Rest of Asia Pacific Viscosity Index Improver market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 67.35 million in 2024.

South America Viscosity Index Improvers Market Analysis

According to Cognitive Market Research, the global Viscosity Index Improver market size was estimated at USD 4124.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 206.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Viscosity Index Improver market size was valued at USD 88.26 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Viscosity Index Improver sales flourish in Brazil due to the R&D investments.
• Argentina Viscosity Index Improver market had a market share of USD 34.64 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. Argentina's renewable energy expansion.
• Colombia Viscosity Index Improver market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 18.35 million in 2024.
• Peru Viscosity Index Improver market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 16.91 million in 2024.
• Chile Viscosity Index Improver market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 14.85 million in 2024.
• The Rest of Latin America Viscosity Index Improver market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 33.20 million in 2024.

Middle East Viscosity Index Improvers Market Analysis

According to Cognitive Market Research, the global Viscosity Index Improver market size was estimated at USD 4124.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 82.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

• The GCC Countries Viscosity Index Improver market is projected to witness growth at a CAGR of 5.00% during the forecast period with a market size of USD 35.30 million in 2024. Viscosity Index Improver sales flourish due to the economic development.
• The Egypt Viscosity Index Improver market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 8.66 million in 2024.
• The South Africa Viscosity Index Improver market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 13.03 million in 2024. Viscosity Index Improver sales flourish in South Africa due to the rising transportation needs.
• The Turkey Viscosity Index Improver market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 7.09 million in 2024.
• The Nigeria Viscosity Index Improver market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 8.66 million in 2024.
• The Rest of MEA Viscosity Index Improver market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 9.73 million in 2024.

Viscosity Index Improvers Market Analysis

Viscosity Index Improver Market Type Segment Analysis

According to Cognitive Market Research, Polymethacrylate stands out as the dominating category. Polymethacrylate (PMA) is increasingly contributing to the Viscosity Index Improver (VII) marketplace boom due to its superb shear stability and viscosity manipulation properties. PMA-primarily based VIIs are crucial in modern lubricant formulations, mainly in excessive-overall performance automobile and commercial packages. The demand for PMA VIIs is driven by using their potential to decorate lubricant efficiency and durability beneath various working conditions, fostering their enlargement inside the marketplace.

Olefin Copolymer emerges as the fastest-growing category in the Viscosity Index Improver market. Olefin Copolymer (OCP) is a key contributor to the expanding Viscosity Index Improver (VII) market. Known for its shear balance and viscosity index enhancement, OCP VIIs are crucial in lubricants for modern-day engines. The developing automotive enterprise, coupled with advancements in lubricant technology, drives the call for for OCP-based VIIs due to their ability to keep lubricant overall performance across a huge variety of temperatures and situations.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Viscosity Index Improvers Industry. Request a Free Sample PDF!

Viscosity Index Improver Market End-User Segment Analysis

According to Cognitive Market Research, the dominating category is Manufacturing. The production zone is playing a great role in the boom of the Viscosity Index Improver (VII) market. Increasing industrial sports worldwide require efficient lubricants to ensure premier equipment's overall performance and longevity. VIIs are essential components in commercial lubricants, improving viscosity manipulation and lubricant stability underneath various operational conditions. This trend helps the enlargement of the VII market in the manufacturing industry.

The fastest-growing category in the Viscosity Index Improver market is Food processing. The meals processing industry is contributing to the boom of the Viscosity Index Improver (VII) marketplace through its increasing call for high-overall performance lubricants. VIIs play an essential function in retaining the efficiency and reliability of machinery used in food processing operations. As the arena expands and modernizes, the want for lubricants that ensure regular performance and adherence to hygiene requirements drives the adoption of VIIs.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
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• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion