| REPORT ATTRIBUTE |
DETAILS |
| Historical Period |
2020-2023 |
| Base Year |
2024 |
| Forecast Period |
2025-2032 |
| Global Automotive Viscosity Index Improvers Market Size 2024 |
USD4,110 million |
| Global Automotive Viscosity Index Improvers Market, CAGR |
2.5% |
| Global Automotive Viscosity Index Improvers Market Size 2032 |
USD4,110 million |
Market Overview
The Global Automotive Viscosity Index Improvers Market is projected to grow from USD4,110 million in 2024 to an estimated USD5,008 million based on 2032, with a compound annual growth rate (CAGR) of 2.5% from 2025 to 2032.
The market is primarily driven by growing environmental regulations aimed at improving fuel economy and reducing emissions. These mandates are pushing lubricant manufacturers to adopt advanced formulations incorporating viscosity index improvers. Additionally, the global trend toward vehicle electrification is encouraging the use of specialized fluids with stable viscosity characteristics. Technological advancements in polymer chemistry and additive manufacturing are also enhancing the efficiency and durability of viscosity index improvers, thus expanding their applications in next-generation engine and transmission systems.
Geographically, Asia-Pacific holds a dominant share of the market due to the region’s expansive automotive manufacturing base, particularly in China, India, and Japan. North America and Europe are also key markets, supported by strong regulatory frameworks and demand for high-performance lubricants. Leading players in the Automotive Viscosity Index Improvers Market include BASF SE, Chevron Oronite Company LLC, Infineum International Limited, Evonik Industries AG, and The Lubrizol Corporation, all of which are actively investing in product innovation and strategic partnerships to strengthen their market presence.
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Market Insights
- The Automotive Viscosity Index Improvers Market is projected to grow from USD4,110 million in 2024 to USD5,008 million by 2032, registering a CAGR of 2.5% from 2025 to 2032.
- Stringent global emissions and fuel economy standards are pushing lubricant manufacturers to adopt advanced viscosity index improvers.
- The shift toward electric and hybrid vehicles is increasing demand for specialized fluids with stable viscosity, boosting market growth.
- Unstable prices and supply of petrochemical-based raw materials challenge production costs and disrupt market stability.
- Compliance with evolving environmental and safety standards raises R\&D costs and slows product development timelines.
- Asia Pacific leads the market with a 41% share, driven by robust automotive manufacturing hubs in China, India, and Japan.
- North America and Europe are key regions, supported by high adoption of synthetic lubricants, strong OEM presence, and regulatory support.
Market Drivers
Rising Demand for High-Performance Lubricants in Modern Engines
The Global Automotive Viscosity Index Improvers Market is witnessing steady growth due to the increasing need for advanced lubricants in modern engine designs. Automakers are developing high-efficiency engines that operate across a broader range of temperatures. These engines require lubricants that maintain stable viscosity and performance, which drives demand for viscosity index improvers. It ensures optimal lubrication and minimizes wear, helping engines perform efficiently in both cold starts and high-heat conditions. The trend toward downsized turbocharged engines further accelerates the use of advanced additives. Automakers depend on these additives to enhance fuel economy while complying with performance standards.
- For instance, Shell, Exxon Mobil, and BP are leading innovation in lubricant technologies, focusing on synthetic and bio-based lubricants to enhance engine efficiency and durability.
Regulatory Pressures to Reduce Emissions and Improve Fuel Efficiency
Governments worldwide have imposed stringent regulations to reduce vehicle emissions and improve fuel economy. The Global Automotive Viscosity Index Improvers Market benefits directly from such policies, as lubricant formulations play a crucial role in achieving regulatory compliance. It supports the reduction of friction and energy loss within engines, enabling automakers to meet fuel efficiency targets. Regulatory frameworks in Europe, North America, and parts of Asia are pushing OEMs and oil formulators to adopt low-viscosity engine oils that rely on viscosity index improvers. These additives contribute to a cleaner and more efficient combustion process. The market is responding with tailored solutions that meet environmental and operational standards.
- For instance, India’s Energy Conservation (Amendment) Act 2022 has established a national carbon market to regulate emissions and improve fuel efficiency.
Increasing Vehicle Production and Aftermarket Demand for Engine Oils
Expanding vehicle production, especially in emerging economies, drives consistent demand for lubricants and related additives. The Global Automotive Viscosity Index Improvers Market gains traction from both OEM lubricant requirements and aftermarket oil change services. It supports extended oil life and improved thermal stability, which are key selling points in automotive maintenance. Vehicle owners seek engine oils that offer longer drain intervals and reliable performance. Viscosity index improvers meet this need by enhancing the oil’s ability to retain properties under stress. This demand from both new and existing vehicles continues to support market growth.
Technological Innovations in Additive Chemistry and Formulation
Advancements in polymer and additive technologies are reshaping the Global Automotive Viscosity Index Improvers Market. Manufacturers are developing new chemistries that provide better shear stability and thermal resistance. It enables lubricants to perform under extreme load and temperature conditions without degradation. The use of multi-functional additives is gaining traction, integrating viscosity improvement with other benefits like anti-wear and detergency. These innovations help oil formulators reduce complexity and cost while improving overall lubricant performance. The market is becoming more competitive with companies investing in R\&D to introduce differentiated products that align with evolving automotive trends.
Market Trends
Growing Preference for Low-Viscosity Engine Oils in Modern Vehicles
Automotive manufacturers are prioritizing low-viscosity engine oils to enhance fuel economy and meet emission targets. The Global Automotive Viscosity Index Improvers Market supports this trend by supplying additives that ensure consistent oil performance under varying temperatures. It allows oils to flow easily at low temperatures while maintaining thickness at higher operating conditions. OEMs recommend low-viscosity grades such as 0W-20 and 5W-30, increasing the need for reliable viscosity modifiers. Consumers demand lubricants that improve engine responsiveness and reduce internal drag. This shift in oil formulations boosts demand for high-performance viscosity index improvers.
- For instance, a government-authorized agency in India conducted chassis dynamometer tests on commuter motorcycles, confirming that low-viscosity oils improved fuel economy by 2% to 3% while reducing emissions.
Expansion of Electric and Hybrid Vehicles Requires Specialized Fluids
The rise in electric and hybrid vehicle production is creating demand for new lubricant formulations. The Global Automotive Viscosity Index Improvers Market is evolving to meet the needs of e-mobility, where thermal management and lubrication of transmission systems remain essential. It plays a role in enhancing the performance of fluids used in electric drivetrains and e-transmissions. These vehicles operate under unique conditions, requiring fluids with stable viscosity and dielectric properties. Viscosity improvers tailored for electric vehicle applications are gaining traction. The market is adapting by developing additive technologies compatible with low-friction, low-volatility fluids.
- For instance, the global electric vehicle fluids market saw the consumption of over 720 million liters of specialized fluids in 2023, with hybrid electric vehicles accounting for the highest share.
Strong Focus on Sustainability and Bio-Based Additive Development
Environmental concerns are driving interest in sustainable and eco-friendly lubricant additives. The Global Automotive Viscosity Index Improvers Market is responding with bio-based and recyclable polymer technologies. It enables lubricant manufacturers to align with global sustainability goals without compromising performance. Companies are exploring raw materials with lower environmental footprints and better biodegradability. Demand is growing for additives that support extended oil life and reduce overall waste. These trends reflect an industry-wide shift toward greener, more responsible chemical innovation.
Increased Collaboration Between OEMs and Additive Suppliers
Automotive OEMs are forming close partnerships with lubricant and additive developers to meet specific engine performance targets. The Global Automotive Viscosity Index Improvers Market benefits from these collaborations through accelerated product development cycles and customized solutions. It results in viscosity improvers tailored to meet unique OEM requirements, such as improved fuel economy, low-temperature operability, and durability. These partnerships facilitate joint testing, performance validation, and faster market entry. OEMs rely on additive suppliers to deliver innovation that aligns with next-generation engine technologies. This synergy continues to drive market innovation and differentiation.
Market Challenges
Volatility in Raw Material Prices and Supply Chain Disruptions
Fluctuating raw material prices and supply chain inconsistencies pose a significant challenge to the Global Automotive Viscosity Index Improvers Market. It relies on petrochemical derivatives, which are highly sensitive to global crude oil prices and geopolitical factors. Sudden shifts in availability or cost of key feedstocks can affect production planning and profitability. Supply chain disruptions, including transportation delays and export restrictions, further complicate timely delivery. Manufacturers must absorb or pass on rising costs, impacting pricing strategies and customer relationships. These factors reduce market stability and increase operational risks for key industry players.
- For instance, the Automotive Viscosity Index Improvers Market saw approximately 4,330 million liters of viscosity index improvers consumed globally in 2024, with projections indicating over 5,620 million liters by 2034
Stringent Regulatory Compliance and Performance Standards
Meeting evolving regulatory standards while maintaining performance and cost-effectiveness is a major challenge. The Global Automotive Viscosity Index Improvers Market faces increasing pressure from environmental and safety regulations across major regions. It must ensure compliance with limits on emissions, toxicity, and environmental impact of chemical formulations. Developing additives that satisfy both regulatory and technical demands often requires extensive research and testing. This slows time-to-market and raises development costs. Balancing regulatory compliance with innovation and market responsiveness remains a persistent difficulty for industry participants.
Market Opportunities
Rising Adoption of Advanced Lubricants in Emerging Automotive Markets
Rapid growth in vehicle production across emerging economies presents strong opportunities for the Global Automotive Viscosity Index Improvers Market. Countries such as India, Brazil, and Indonesia are experiencing increased demand for passenger and commercial vehicles. It creates a need for high-quality engine oils capable of performing across a wide range of operating conditions. Consumers in these regions are shifting from conventional to synthetic and semi-synthetic lubricants, which require efficient viscosity index improvers. Local manufacturers are expanding their product portfolios to meet evolving consumer expectations. This trend enables additive suppliers to establish a strong foothold in high-potential, underpenetrated markets.
Innovation in Polymer Chemistry to Support Next-Generation Engine Requirements
Advancements in polymer science offer the opportunity to design viscosity index improvers with superior thermal stability, shear resistance, and extended oil drain intervals. The Global Automotive Viscosity Index Improvers Market can leverage these innovations to deliver differentiated solutions for new engine architectures. It opens avenues for tailored products in hybrid, turbocharged, and electric vehicle systems. OEMs are looking for additives that support cleaner combustion, better efficiency, and reduced maintenance. Suppliers that invest in R\&D and collaborate closely with automakers can capitalize on this innovation-driven demand. This technological shift creates long-term growth prospects across multiple automotive segments.
Market Segmentation Analysis
By Type
The Global Automotive Viscosity Index Improvers Market is segmented by type into Polymethacrylate, Olefin Copolymer, and Polyisobutylene. Polymethacrylate holds a prominent share due to its excellent shear stability and compatibility with a wide range of base oils. It provides superior viscosity performance, especially in low-temperature environments, making it ideal for high-performance engines. Olefin Copolymers are gaining traction for their cost-efficiency and balanced thermal resistance, making them suitable for standard vehicle lubricants. Polyisobutylene offers good thickening efficiency but is typically used in applications where oxidative stability and cost control are key factors. Each type serves specific lubricant formulation needs, aligning with varying engine performance demands.
By End-Users
The market by end-user includes Manufacturing, Food Processing, Mining, Construction, and Power Generation. Manufacturing dominates the segment due to extensive use of automotive lubricants in equipment and vehicle maintenance. It depends on viscosity index improvers to maintain operational reliability and reduce wear under variable thermal conditions. The construction and mining sectors follow, driven by the need for high-performance oils in heavy-duty machinery. Power generation relies on lubricants to enhance turbine and generator efficiency. Food processing remains a niche area, requiring specialty lubricants that meet safety and regulatory standards. Each end-user segment presents distinct performance and compliance requirements, shaping product demand accordingly.
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Segments
Based on Type
- Polymethacrylate
- Olefin Copolymer
- Polyisobutylene
Based on End-Users
- Manufacturing
- Food Processing
- Mining
- Construction
- Power Generation
Based on Region
- North America
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Russia
- Belgium
- Netherlands
- Austria
- Sweden
- Poland
- Denmark
- Switzerland
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Thailand
- Indonesia
- Vietnam
- Malaysia
- Philippines
- Taiwan
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Peru
- Chile
- Colombia
- Rest of Latin America
- Middle East
- UAE
- KSA
- Israel
- Turkey
- Iran
- Rest of Middle East
- Africa
- Egypt
- Nigeria
- Algeria
- Morocco
- Rest of Africa
Regional Analysis
Asia Pacific Automotive Viscosity Index Improvers Market
Asia Pacific dominates the Automotive Viscosity Index Improvers Market, accounting for nearly 41% of the global revenue share in 2024. Strong automotive production bases in China, India, Japan, and South Korea support continuous demand for engine oils and performance additives. It benefits from a rising middle-class population, growing vehicle ownership, and expanding infrastructure. Rapid industrialization and increasing exports of automobiles further accelerate lubricant consumption. Local and global additive manufacturers are investing in R\&D and production facilities in the region to meet regional needs. Regulatory support for low-emission and fuel-efficient vehicles continues to drive product innovation and market penetration.
North America Automotive Viscosity Index Improvers Market
North America holds a market share of approximately 23%, supported by a well-established automotive industry and high demand for synthetic lubricants. The region focuses on advanced engine technologies that require superior viscosity control. It responds to regulatory mandates such as CAFE standards and environmental policies by integrating high-quality viscosity index improvers into engine oil formulations. Strong presence of OEMs and additive companies fosters innovation and technical collaboration. Consumer awareness regarding fuel economy and vehicle maintenance contributes to aftermarket growth. The United States leads regional consumption due to high vehicle density and technological advancements.
Europe Automotive Viscosity Index Improvers Market
Europe represents nearly 20% of the global market share and remains a key region due to stringent emissions regulations and high-performance engine standards. OEMs in Germany, France, and the UK demand advanced lubricants compatible with Euro 6 and Euro 7 standards. It emphasizes cleaner and more efficient engine systems, requiring viscosity index improvers to maintain optimal lubrication under varying operating conditions. Sustainable practices are also shaping lubricant choices, with growing interest in biodegradable and low-emission additives. Regional players are focusing on eco-friendly innovations and circular economy models. The aftermarket segment in Europe is expanding due to increasing vehicle age and maintenance awareness.
Latin America Automotive Viscosity Index Improvers Market
Latin America accounts for roughly 7% of the global market, driven by growing automotive sales in countries like Brazil, Mexico, and Argentina. Economic development and rising disposable incomes contribute to higher vehicle usage and demand for quality lubricants. The Automotive Viscosity Index Improvers Market in this region is developing, with multinational lubricant companies expanding their distribution networks. It faces challenges such as currency volatility and limited regulatory enforcement, which impact product pricing and adoption. However, urbanization and industrial growth create long-term opportunities. The region is becoming increasingly important for additive manufacturers targeting emerging markets.
Middle East & Africa Automotive Viscosity Index Improvers Market
The Middle East & Africa region captures around 5% of the global market share, led by growing automotive activity in the Gulf countries and South Africa. Demand is supported by extreme climate conditions that necessitate lubricants with stable viscosity performance. It serves a mix of commercial fleets, passenger vehicles, and industrial applications. Government investments in infrastructure and transport sectors enhance lubricant demand. Regional adoption of synthetic oils is rising, with OEMs and service providers emphasizing high-performance fluids. Market development is underway, though it remains slower than in more mature regions.
Key players
- Evonik Industries AG
- Afton Chemical Corporation
- Asian Oil Company
- BARIYAN’S GROUP
- BPT Chemicals Co Ltd.
- Sanyo Chemical Industries, Ltd.
- Chetas Biochem
- Croda International Plc.
- BASF SE
- Innov Oil Pte Ltd.
- Shenyang Great Wall Lubricating Oil Manufacturing Co., Ltd.
Competitive Analysis
The Automotive Viscosity Index Improvers Market is highly competitive, with global and regional players striving to gain technological and geographical advantages. Companies focus on research and development to enhance additive performance and align with evolving engine requirements. It encourages innovation in polymer chemistry, aiming to deliver products with superior thermal stability and shear resistance. Leading firms invest in strategic partnerships and expansion of production capabilities to improve market access. Emerging players emphasize cost-effective solutions for local markets while maintaining product quality. Regulatory compliance, product differentiation, and customer service remain critical factors in sustaining competitive positions across diverse regions.
Recent Developments
- In May 2025, Sanyo Chemical Group announced its participation in the STLE conference in Atlanta, showcasing its innovations in performance chemicals, including those used in automotive lubricants.
- In March 2025, BASF reported generating approximately €11 billion in sales from products introduced in the past five years, stemming from research and development activities, which include innovations in lubricant additives.
Market Concentration and Characteristics
The Automotive Viscosity Index Improvers Market is moderately concentrated, with a mix of established global players and regional manufacturers. It features high entry barriers due to the need for advanced R\&D capabilities, regulatory compliance, and strong distribution networks. Leading companies hold a competitive edge through technological innovation, brand recognition, and long-term partnerships with OEMs and lubricant formulators. The market is characterized by steady demand, product standardization, and a growing shift toward synthetic lubricants. Customization, performance optimization, and sustainability are key attributes shaping product development. Competitive dynamics are influenced by pricing strategies, supply chain efficiency, and responsiveness to evolving automotive trends.
Report Coverage
The research report offers an in-depth analysis based on Type, End-Users and Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.
Future Outlook
- Automakers will continue to prefer low-viscosity oils to improve fuel efficiency. This trend will drive sustained demand for high-performance viscosity index improvers.
- Electric and hybrid powertrains will require specialized fluids with consistent viscosity. The market will respond with tailored additives for e-transmissions and thermal management systems.
- Rapid vehicle production in countries like India, Brazil, and Indonesia will create new opportunities. Local blending operations will expand to meet region-specific lubricant needs.
- Innovations in polymer chemistry will result in viscosity improvers with higher shear stability and thermal endurance. These improvements will support the performance of next-generation lubricants.
- Environmental regulations and consumer preferences will push the development of biodegradable and low-toxicity additives. The market will invest in sustainable raw materials and greener production methods.
- Automotive OEMs will deepen collaboration with additive manufacturers to co-develop advanced formulations. These partnerships will align lubricant performance with evolving engine technologies.
- Rising vehicle age and awareness of maintenance will boost demand for premium engine oils. This shift will increase the market share of viscosity index improvers in the aftermarket segment.
- Tighter global emissions and efficiency standards will shape product innovation. Companies will need to invest in R\&D to meet evolving regulatory requirements without compromising performance.
- Customers will seek additives that combine viscosity control with anti-wear, dispersant, and antioxidant functions. The market will introduce multi-functional products to reduce formulation complexity.
- To enhance supply reliability and reduce logistics costs, key players will localize production. Regional manufacturing hubs will emerge to serve growing demand in Asia, Latin America, and Africa.
