Viscosity Index Improvers (VIIs), also known as Viscosity Modifiers, comprise a class of additives that improve the viscosity-temperature characteristics of the lubricant, making the oil's viscosity more stable as its temperature changes.

Lubricant Viscosity Index Improvers is made from polymers, which are long and flexible molecules used in the production of lubricant to reduce lubricant viscosity changes at high and low temperatures. When viscosity index improvers are added to low-viscosity oils, they effectively thicken the oil as temperature increases. This means the lubricating effect of mineral oils can be extended across a wider temperature range.
The technical barriers of lubricant viscosity index improvers are not high, however, Industrial monopoly in the marker is rather serious, and several giants are Lubrizol, Oronite, Infineum, and Afton. These companies mainly distribute in the United States, Singapore, and Europe. Asia-Pacific is the largest consumer of lubricant viscosity index improvers with 36.23% share in 2016.
Lubricant viscosity index improvers improve the viscosity-temperature characteristics of the lubricant, making the oil's viscosity more stable as its temperature changes. Lubricant viscosity index improvers are commonly used in multigame engine oils, gear oils, automatic transmission fluids, power-steering fluids, greases and some hydraulic fluids. Therefore, growing demand for automotive industry and industrial lubricant has driven the growth of global lubricant viscosity index improvers market. The demand for lubricant viscosity index improvers is expected to continue increasing during the period of 2016-2022. Lubricant viscosity index improvers industry will usher in a stable growth space.
In the past few years, the price of lubricant viscosity index improvers decreased and we expect the price will slightly lower in the next few years. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of lubricant viscosity index improvers. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. With the snatch for market share in emerging regions, the competition in lubricant viscosity index improvers industry will become more intense.

The Global Lubricant Viscosity Index Improvers Market touched xxx million USD with a CAGR xx % from 2018-2022 around the world. In the future, it is predicted to reach xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
As the report focuses on global Lubricant Viscosity Index Improvers Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.

in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.

In Market segmentation by manufacturers, the report covers the following companies-

Lubrizol
Oronite
Infineum
Afton
BASF
Evonik
Sanyo Chemical
Shengyang Greatwall
Nanjing Runyou
Xingyun Chemical
Shanghai High-Lube Additives
YASHIKE LAI\'EN
BPT Chemical

In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types covers:

Olefin Copolymer VI Improver (OCP)
Polymethacrylate Viscosity Index Improver (PMA)
Others(Such as PIB, SEBS)
In Market segmentation by applications :

Automotive Lubricants
Industrial Lubricants
Others

Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Lubricant Viscosity Index Improvers Market for the forecast period 2023 - 2030?
• What are the driving forces in the Lubricant Viscosity Index Improvers Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Lubricant Viscosity Index Improvers industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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