Viscosity Index Improvers (VII) Market Share Driven by High-Performance Lubricant Innovation and Automotive Efficiency Standards | Valuates Reports

Viscosity Index Improvers (VII) Market Size
The global market for Viscosity Index Improvers (VII) was valued at US$ 2985 million in the year 2024 and is projected to reach a revised size of US$ 3890 million by 2031, growing at a CAGR of 3.9% during the forecast period.

View sample report
https://reports.valuates.com/request/sample/QYRE-Auto-5W8608/Global_Viscosity_Index_Improvers_VII_Market_Insights_Forecast_to_2028

The Viscosity Index Improvers (VII) Market is expanding steadily as lubricant manufacturers respond to rising performance requirements across automotive and industrial sectors. Increasing demand for multi-grade lubricants capable of maintaining consistent viscosity under varying temperature conditions is strengthening overall market size. Stricter fuel economy regulations, advancements in engine design, and the growing penetration of synthetic base oils are shaping key market trends. VII additives enhance thermal stability, reduce wear, and improve operational efficiency, positioning them as essential components in modern lubricant formulations and supporting a favorable long-term market forecast.

By type, Olefin Copolymers (OCP) based viscosity index improvers hold the largest market share due to their cost-effectiveness, shear stability, and broad compatibility with engine oil formulations. These polymers are widely used in automotive and heavy-duty lubricant blends. Polymethacrylate (PMA) based variants are witnessing strong market growth, particularly in premium and synthetic lubricants where superior low-temperature performance and oxidation stability are required. Other specialty polymers contribute to overall market size by addressing niche applications that demand enhanced mechanical durability and thermal resilience.

In terms of application, engine oils account for the dominant market share, driven by large-scale global vehicle production and the need for fuel-efficient lubrication solutions. Transmission fluids and hydraulic fluids represent significant contributors to market size, especially within commercial vehicles, industrial machinery, and construction equipment. Gear oils also play an important role in sustaining market growth as manufacturers seek improved load-bearing capacity and reduced friction losses. Other specialized lubricants further support demand across marine, agricultural, and power generation equipment segments.

Leading companies shaping the Viscosity Index Improvers Market include Lubrizol, Chevron Oronite, Infineum, Afton Chemical, BASF, Evonik, Sanyo Chemical, BRB International, and prominent regional producers such as Shenyang Great Wall Lubricant, Jinzhou Kangtai Lubricant Additives, Goncord Oil (Yingkou), and Tianjin J&D Technology. These organizations maintain strong market share through advanced polymer development, integrated additive packages, and close collaboration with lubricant formulators and OEMs. Competitive strategies focus on enhancing shear stability, improving oxidation resistance, and optimizing formulations to meet evolving engine efficiency and emission standards.

Regionally, Asia-Pacific leads in both production and consumption, reflecting strong automotive manufacturing capacity and expanding industrial activities across China, Japan, South Korea, and India. North America and Europe also maintain substantial market share, supported by advanced automotive technologies and stringent environmental regulations in the United States, Germany, the UK, and other key markets. Latin America and Southeast Asia are emerging growth regions as vehicle fleets expand and industrial infrastructure develops. The overall market forecast remains positive, driven by continuous innovation in polymer chemistry, growing adoption of synthetic lubricants, and increasing regulatory focus on energy efficiency, all of which are expected to sustain long-term market growth globally.

by Type

• Olefin Copolymers (OCP) Based
• Polymethacrylate(PMA) Based
• Other

by Application

• Engine Oils
• Transmission Fluids
• Hydraulic Fluids
• Gear Oils
• Other

By Company

Lubrizol, Chevron Oronite, Infineum, Afton Chemical, BASF, Evonik, Sanyo Chemical, BRB International, Shenyang Great Wall Lubricant, Jinzhou Kangtai Lubricant Additives, Goncord Oil (Yingkou), Tianjin J&D Technology

View full report
https://reports.valuates.com/market-reports/QYRE-Auto-5W8608/global-viscosity-index-improvers-vii

Valuates,
4th Floor,
Balaraj's Arcade,
Whitefield Main road,
Bangalore 560066,

Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.

This release was published on openPR.