Lubricant Viscosity Grade Improvers Market size was valued at USD 1.8 Billion in 2022 and is projected to reach USD 2.7 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The Lubricant Viscosity Grade Improvers (VGI) Market is a critical segment of the global lubricants industry, focused on enhancing the viscosity properties of lubricants across different applications. VGI additives are essential for improving the performance of lubricants under varying temperature conditions, ensuring they maintain optimal fluidity and efficiency. These additives are incorporated into a wide range of lubricants used in passenger vehicles, heavy-duty machinery, industrial applications, and automotive engines. VGI provides enhanced lubrication properties, leading to better engine performance, reduced friction, and extended lifespan of mechanical components.
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The demand for lubricant viscosity grade improvers is influenced by factors such as stricter emission regulations, improvements in automotive engine technology, and growing industrialization, particularly in developing economies. This report will delve into the specific applications within the VGI market, exploring key subsegments including Passenger Car Motor Oils (PCMOs), Heavy-Duty Motor Oils (HDMOs), Hydraulic Fluids, Gear Oils, and others. The growing trend towards high-performance lubricants in both consumer and industrial sectors is expected to propel the demand for VGIs in the coming years, as manufacturers strive to deliver products that provide better protection, lower fuel consumption, and greater reliability across diverse applications.
Passenger Car Motor Oils (PCMOs) are the largest segment in the lubricant viscosity grade improvers market, driven by the increasing demand for passenger vehicles worldwide. PCMOs are specially formulated to provide the necessary lubrication for internal combustion engines, ensuring smooth operation and minimizing wear and tear. Viscosity grade improvers play a critical role in these oils, as they enhance the fluidity of the oil across a wide range of temperatures, ensuring that the oil maintains optimal performance during both cold starts and high-temperature operating conditions. This is crucial as modern passenger vehicles increasingly demand lubricants that can perform efficiently in extreme temperatures, as well as under high-stress conditions such as frequent stop-and-go traffic or long highway drives.
The growing trend towards fuel efficiency, engine downsizing, and stricter emission norms are driving the demand for high-performance PCMOs, further emphasizing the importance of viscosity modifiers in these oils. Manufacturers are investing in advanced VGI technologies to improve the cold-flow properties and shear stability of PCMOs. Additionally, the shift towards electric vehicles (EVs) and hybrid models is also influencing the PCMOs market, as these vehicles require specialized lubricants with enhanced properties to support their unique powertrains and increased reliance on energy efficiency. As a result, the development of next-generation viscosity improvers tailored for PCMOs will continue to be a key focus for market participants.
Heavy-Duty Motor Oils (HDMOs) are essential for maintaining the performance of large vehicles such as trucks, buses, and off-road machinery, where extreme operating conditions demand more robust lubrication solutions. These oils typically operate under high loads, high pressures, and elevated temperatures, which makes the use of high-quality viscosity grade improvers critical for ensuring optimal engine performance and longevity. HDMOs are formulated to handle the increased demands placed on engines in commercial applications, offering extended oil life and reduced maintenance needs, both of which are important factors for fleet operators and industrial users.
The HDMO market is also experiencing significant growth due to the increasing global demand for freight transportation and infrastructure development. Viscosity modifiers in HDMOs are designed to enhance the oil’s ability to protect against wear, corrosion, and oxidation, all of which are exacerbated by the heavy-duty use of the vehicles. As the transportation and logistics sectors continue to grow, driven by e-commerce and global trade, the demand for HDMOs with superior viscosity modifiers will increase. Furthermore, advancements in engine technologies and stricter emission standards will push the need for more efficient and durable HDMOs, leading to continued innovation in the viscosity improver market.
Hydraulic fluids are vital for the smooth operation of hydraulic systems used in industrial machinery, construction equipment, and agricultural machinery. Viscosity grade improvers in hydraulic fluids are critical for maintaining the fluidity of the oil in systems that operate under high pressure, which can cause fluid degradation. These additives help the hydraulic fluids to function properly across a wide range of temperatures, ensuring that equipment can perform at optimal levels. Viscosity modifiers also ensure that the fluid maintains adequate lubrication, reducing friction and wear on the moving parts of hydraulic systems, which is essential for increasing the lifespan of machinery and minimizing downtime.
The hydraulic fluids market is experiencing growth as infrastructure development accelerates globally, particularly in emerging economies. The need for more reliable and efficient construction machinery, coupled with the increasing demand for advanced agricultural equipment, is driving the demand for high-performance hydraulic fluids. Viscosity improvers are expected to play a key role in ensuring that hydraulic fluids can meet the demanding performance requirements of modern equipment, especially in industries such as mining, construction, and agriculture, where machinery is subjected to harsh operating conditions. Ongoing research into better-performing viscosity modifiers will continue to drive innovation in hydraulic fluid formulations.
Gear oils are essential for the lubrication of various gear systems, such as those found in automotive transmissions, industrial machinery, and marine equipment. Viscosity grade improvers in gear oils are vital for ensuring the oils maintain the right consistency and stability under both high and low temperatures. These additives help gear oils to perform under extreme pressure and reduce friction between the gear teeth, which can lead to significant wear and damage. High-quality gear oils with viscosity modifiers are necessary for ensuring smooth operation, minimizing energy losses, and extending the life of gear systems.
The demand for gear oils with superior viscosity improvers is growing, particularly with the increasing complexity of gear systems in modern vehicles and machinery. As the automotive industry moves toward more sophisticated transmissions, such as continuously variable transmissions (CVTs) and dual-clutch systems, the need for specialized gear oils has risen. Additionally, the growth of the industrial sector, including mining, construction, and manufacturing, is driving the demand for high-performance gear oils that offer enhanced protection under demanding operational conditions. The continued development of viscosity grade improvers tailored to meet these evolving needs will remain a focal point for the gear oil market.
The “Other” segment in the lubricant viscosity grade improvers market includes a wide variety of niche applications, such as oils used in marine, aviation, and power generation sectors. These lubricants require specific viscosity properties to perform optimally in unique operational environments, including high temperatures, extreme pressures, and varying operational speeds. Viscosity modifiers in these lubricants ensure that the oils provide adequate protection against wear and corrosion, as well as maintain their performance over extended periods of use in harsh conditions.
As industries like marine transportation and power generation grow, there is an increasing demand for lubricants that can withstand high mechanical stress, temperature extremes, and corrosive environments. In these sectors, the role of viscosity grade improvers is crucial for maintaining the efficiency and reliability of equipment. The demand for specialized lubricants in these applications is expected to rise as global shipping and energy production continue to expand. Innovations in viscosity modifier technology are expected to address the evolving challenges in these specialized fields, ensuring that lubricants can meet the demanding performance criteria in diverse operational conditions.
Several key trends are shaping the lubricant viscosity grade improvers market. One of the most significant trends is the increasing focus on sustainability and environmental impact. With growing environmental regulations and consumer demand for eco-friendly products, lubricant manufacturers are developing viscosity modifiers that not only improve performance but also reduce the environmental footprint of lubricants. This includes the use of renewable or bio-based raw materials in the formulation of VGIs and efforts to reduce harmful emissions from engines through improved lubrication.
Another important trend is the increasing adoption of synthetic lubricants across all major applications. Synthetic oils offer better temperature stability, reduced friction, and longer-lasting performance, which is driving the need for advanced viscosity modifiers. As automotive and industrial sectors move toward more energy-efficient and performance-oriented solutions, the demand for synthetic lubricants with superior viscosity properties is expected to rise. Additionally, the ongoing research into next-generation VGI technologies is expected to fuel innovation, providing better solutions for high-performance and specialized applications.
The lubricant viscosity grade improvers market is poised for significant growth, driven by several key opportunities. The rise of electric and hybrid vehicles offers a unique opportunity for VGIs, as these vehicles require specialized lubricants for their advanced powertrains. With advancements in electric motor technologies, VGIs that enhance the performance of these new vehicle types will be crucial. Furthermore, the growing demand for industrial lubricants in emerging markets presents a significant opportunity for viscosity modifiers, especially as countries in Asia and Africa continue to industrialize.
Another area of opportunity lies in the development of more sustainable VGIs. As consumers and governments demand more environmentally friendly products, lubricant manufacturers have the chance to innovate and develop new viscosity modifiers derived from renewable sources. This trend towards sustainability is likely to become a key differentiator in the market, providing an opportunity for companies to capture a more eco-conscious consumer base.
What are lubricant viscosity grade improvers?
Lubricant viscosity grade improvers are additives used in lubricants to enhance their flow characteristics and stability across a wide range of temperatures.
Why are viscosity grade improvers important in lubricants?
They ensure that lubricants
Top Lubricant Viscosity Grade Improvers Market Companies
Chevron Oronite
Evonik
Lubrizol
Lanxess
Infineum
NewMarket
Sanyo Chemical Industries
Midcontinental Chemical
Croda International
Amtecol
Jinzhou Kangtai Lubricant Additives
Nanjing Runyou Chemical Industry Additive
Shenyang Great Wall Lubricating Oil Manufacturing
Regional Analysis of Lubricant Viscosity Grade Improvers Market
North America (United States, Canada, and Mexico, etc.)
Asia-Pacific (China, India, Japan, South Korea, and Australia, etc.)
Europe (Germany, United Kingdom, France, Italy, and Spain, etc.)
Latin America (Brazil, Argentina, and Colombia, etc.)
Middle East & Africa (Saudi Arabia, UAE, South Africa, and Egypt, etc.)
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Lubricant Viscosity Grade Improvers Market Insights Size And Forecast