Lucintel Forecasts the Global Viscosity Index Improver Market to Reach $170 Million by 2030

Lucintel Forecasts the Global Viscosity Index Improver Market to Reach $170 Million by 2030

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According to a market report by Lucintel, the future of the global viscosity index improver market looks promising with opportunities in the manufacturing, food processing, mining, construction, and power generation markets. The global viscosity index improver market is expected to reach an estimated $170 million by 2030 from $118 million in 2024 at a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are increasing adoption of electric vehicle and growing preference for heat resistant high-quality lubricants.

A more than 150-page report to understand trends, opportunity and forecast in viscosity index improver market to 2030 by type (polymethacrylate, olefin copolymer, and polyisobutylene), end use (manufacturing, food processing, mining, construction, power generation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that olefin copolymer will remain the largest segment over the forecast period.

Within this market, manufacturing will remain the largest segment over the forecast period.

North America will remain the largest region over the forecast period.

Evonik Industries, Lubrizol, Chevron Oronite, Afton Chemical, Infineum International, Sanyo Chemical Industries, Nanjing Runyou Chemical Industry, Shenyang Great Wall Lubricating Oil Manufacturing, Jilin Xingyun Chemical, Shanghai High-Lube Add are the major suppliers in the viscosity index improver market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056