(MENAFN- Ameliorate Digital Consultancy) As per the study initiated by Evolve Business Intelligence, the global Viscosity Index Improver Market size accounted for USD 118.99 Million in 2022, growing at a CAGR of 6.42% from 2023 to 2033. The Viscosity Index Improver Market refers to the industry segment that produces and supplies additives used in lubricating oils and fluids to improve their viscosity-temperature relationship, particularly in high-performance and multi-grade engine oils. Viscosity index improvers, often referred to as VI improvers or viscosity modifiers, play a crucial role in maintaining optimal lubrication and protection for engines and machinery over a wide range of operating temperatures. These additives help ensure that the lubricants maintain their viscosity and flow properties as temperatures change, thereby preventing excessive wear and friction.

The Viscosity Index Improver Market is expected to continue growing as industries seek lubrication solutions that improve efficiency, reduce wear, and meet environmental standards. Advances in VI improver technology, coupled with the need for energy-efficient and environmentally friendly lubricants, will drive further innovation in this market. The automotive and transportation sectors will continue to be significant consumers of VI improvers, especially as engine designs evolve to meet stricter emissions and fuel economy regulations.

Request Free Sample Report or PDF Copy :

Key Highlights:

• The global Viscosity Index Improver Market size was valued at USD 118.99 Million in 2022 growing at a CAGR of 6.42% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has recently released a new market research report on the Global Viscosity Index Improver Market. The report covers a wide range of aspects, such as market size and forecast, market dynamics, analysis of competitors' market share, value and volume of the market, SWOT analysis, product benchmarking, recent developments of key players, and potential opportunities. Additionally, the market has been assessed based on four indicators in the market dynamic chapter, including Drivers, Restraints, Key Trends, and Challenges.

In terms of COVID 19 impact, the Viscosity Index Improver Market report also includes the following data points:

• COVID19 Impact on Viscosity Index Improver Market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Viscosity Index Improver Market

Buy Latest Copy of Report Now at Higher Discount:

Key Players

Some of the major Viscosity Index Improver Market players holding high market share include The Lubrizol Corporation, Chevron Oronite Company LLC, Afton Chemical Corporation. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:

• Afton Chemical Corporation
• Chevron Oronite Company LLC
• Evonik Industries
• Infineum International Limited
• Nanjing Runyou Chemical Industry Additive Co., Ltd.
• Sanyo Chemical
• Sanyo Chemical Industries, Ltd.
• Shanghai High-Lube Additives
• Shenyang Great Wall Lubricating Oil Manufacturing Co., Ltd
• The Lubrizol Corporation
• Xingyun Chemical
• Yashike Laien, and BPT Chemical.

Segmental Analysis

Market Segment By Type with foon market share, consumption trend, and growth rate of Viscosity Index Improver Market:

• Polymethacrylate
• OlefinCopolymer
• Polyisobutylene

Market Segment By End user with foon market share, consumption trend, and growth rate of Viscosity Index Improver Market:

• Automotive
• Off-Road Vehicles
• Industrial Machinery

Parameters	Details
Market Size (2022)	$ 118.99 Million
CAGR (2023 to 2033)	6.42%
Market Segmentation	Type, End-user
Country Covered	Afton Chemical Corporation, Chevron Oronite Company LLC, Evonik Industries, Infineum International Limited, Nanjing Runyou Chemical IndustryAdditive Co., Ltd., Sanyo Chemical, Sanyo Chemical Industries, Ltd., Shanghai High-Lube Additives, Shenyang Great Wall Lubricating Oil, Manufacturing Co., Ltd, The Lubrizol Corporation, Xingyun Chemical, Yashike Laien, and BPT Chemical

For more information:

Global Viscosity Index Improver Market Geographic Coverage:

• North America
  • Canada
  • Mex
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Nordic Countries
  • Benelux
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific
• Middle East and Africa
  • Saudi Arabia
  • Egypt
  • South Africa
  • Rest of MEA
• Latin America
  • Mex
  • Brazil
  • Argentina
  • Rest of Latin America

Reasons to Buy this Report:

• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.

Address
Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India

Email:
Website:

MENAFN12092023004660010643ID1107055561