Dispersion Viscosity Modifier For Lubricants Market
Dispersion Viscosity Modifier For Lubricants Market Forecasts to 2030 - Global Analysis By Type (Polymeric Viscosity Modifiers, Dispersant Viscosity Modifiers, Oligomeric Viscosity Modifiers and Other Types), Formulation, Distribution Channel, Application, End User and By Geography
According to Stratistics MRC, the Global Dispersion Viscosity Modifier For Lubricants Market is accounted for $2.02 billion in 2024 and is expected to reach $2.97 billion by 2030 growing at a CAGR of 6.5% during the forecast period. A dispersion viscosity modifier for lubricants is a specialized additive designed to enhance the viscosity properties of lubricant formulations. It helps maintain a stable dispersion of solid particles, such as additives or lubricating solids, within the lubricant, preventing sedimentation and ensuring uniformity. DVMs improve the lubricant's performance under varying temperature and shear conditions, contributing to better film strength, reduced friction, and extended service life.
According to a report published by the Italian Trade Agency in 2023, the sales of passenger vehicles rose by 10.9% in February 2023 as compared to February 2022.
Market Dynamics:
Driver:
Increasing manufacturing and industrial activities
The rise in manufacturing and industrial activities increases the demand for high-performance lubricants. As industries grow, the need for effective lubrication solutions to reduce friction, wear, and heat in machinery becomes essential. Dispersion viscosity modifiers improve the stability and viscosity of lubricants, ensuring optimal performance under diverse conditions. Additionally, the trend towards automated manufacturing processes requires advanced lubricants that can endure extreme temperatures and pressures, further promoting the use of DVMs. This element thrives the market growth.
Restraint:
Fluctuating raw material prices
Fluctuating raw material prices in the DVM for lubricants arise from factors like supply chain disruptions, geopolitical tensions, and demand-supply imbalances. These price variations can increase production costs for manufacturers, leading to higher prices for end products. This unpredictability hampers market growth as companies may face reduced profit margins, hinder investment in research and development, and struggle to maintain competitive pricing. Consequently, this can limit the growth of the market.
Opportunity:
Automotive sector expansion
As automotive manufacturers prioritize engine efficiency, fuel economy, and reduced emissions, the use of advanced lubricants with DVMs becomes crucial. These additives enhance the stability and performance of lubricants under extreme temperatures and shear conditions, improving engine protection and longevity. Additionally, the rising trend of electric vehicles and hybrid technologies further stimulates demand for specialized lubricants, fostering innovation in DVM formulations and driving overall market growth.
Threat:
Competition from alternative technologies
Competition from alternative technologies in the DVM for lubricants arises from the development of synthetic lubricants and advanced additive formulations that may offer similar or superior performance without the need for DVMs. These alternatives often emphasize enhanced sustainability, lower environmental impact, and cost-effectiveness. As manufacturers increasingly adopt these technologies, the demand for traditional DVMs may decline, hampering market growth by reducing overall market share.
Covid-19 Impact
The covid-19 pandemic significantly impacted the dispersion viscosity modifier for lubricants market by disrupting supply chains, leading to shortages of raw materials and delays in production. Reduced industrial activity and transportation restrictions lowered demand for lubricants in various sectors, such as automotive and manufacturing. However, the increased focus on essential services and a gradual recovery in manufacturing activities boosted demand for lubricants post-lockdown. This shift emphasized the need for high-performance additives like DVMs to enhance lubricant efficiency and performance.
The hydraulic fluids segment is expected to be the largest during the forecast period
The hydraulic fluids segment is predicted to secure the largest market share throughout the forecast period. Dispersion viscosity modifiers in hydraulic fluids enhance performance by maintaining optimal viscosity across varying temperatures, ensuring efficient power transfer and component protection. These additives stabilize the fluid, preventing thinning in high heat and thickening in cold conditions. They contribute to longer fluid life, better fuel efficiency, and lower maintenance costs, supporting reliable operation under diverse and demanding conditions.
The industrial machinery segment is expected to have the highest CAGR during the forecast period
The industrial machinery segment is anticipated to witness the highest CAGR during the forecast period. Dispersion viscosity modifiers for lubricants in industrial machinery enhance the lubricant’s ability to maintain stable viscosity under varying temperatures and pressures. These additives improve machine efficiency, protect against wear, and extend equipment life by reducing friction and enabling smooth operations. This stability ensures consistent performance, supporting industrial machinery in high-stress environments with optimal lubrication and protection.
Region with largest share:
Asia Pacific is expected to register the largest market share during the forecast period driven by increasing industrial activities, automotive production, and demand for high-performance lubricants. Countries like China, India, and Japan are key players, investing in advanced lubricant formulations to enhance efficiency and reduce environmental impact. Additionally, the growing trend of electric vehicles and renewable energy applications further stimulates demand for specialized lubricants in the region.
Region with highest CAGR:
North America is projected to witness the highest CAGR over the forecast period fuelled by advancements in automotive technology and stringent environmental regulations. The increasing demand for high-performance lubricants across various industries, including automotive, aerospace, and manufacturing, is driving the adoption of DVMs to enhance lubricant efficiency and stability. Additionally, the shift towards synthetic and bio-based lubricants aligns with sustainability goals, further boosting the market.
Key players in the market
Some of the key players profiled in the Dispersion Viscosity Modifier For Lubricants Market include BASF SE, Chevron Oronite Company LLC, Croda International Plc, Afton Chemical Corporation, Evonik Industries AG, Infineum International Limited, BRB International B.V., LANXESS AG, Sanyo Chemical Industries Limited, Shamrock Technologies Inc., The Lubrizol Corporation, MidContinental Chemical Company, IPAC Inc. and Vanderbilt Chemicals LLC.
Key Developments:
In October 2024, Lubrizol introduced Asteric viscosity modifiers designed for high viscosity index (VI) fluids. These modifiers offer superior performance compared to traditional products, enhancing fluidity at low temperatures while maintaining viscosity at high temperatures. They also provide better shear stability and allow for formulation flexibility, making them ideal for multigrade hydraulic fluids and other industrial applications.
In August 2024, BRB launched their Viscotech® line, which includes advanced viscosity modifiers tailored for multi-grade engine oils and industrial lubricants. The 6-series comprises non-dispersant olefin copolymers, while the 4- and 5-series utilize it to improve fuel efficiency and durability while meeting stringent performance standards.
Types Covered:
• Polymeric Viscosity Modifiers
• Dispersant Viscosity Modifiers
• Oligomeric Viscosity Modifiers
• Other Types
Formulations Covered:
• Conventional Formulations
• Synthetic Formulations
• Semi-Synthetic Formulations
• Bio-Based Formulations
• Other Formulations
Distribution Channels Covered:
• Direct Sales
• Distributors
• Retailers
• Online Sales
• Other Distribution Channels
Applications Covered:
• Engine Oils
• Transmission Fluids
• Hydraulic Fluids
• Gear Oils
• Greases
• Other Applications
End Users Covered:
• Automotive
• Industrial Machinery
• Energy & Power
• Construction & Mining
• Agriculture Equipment
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Dispersion Viscosity Modifier For Lubricants Market, By Type
5.1 Introduction
5.2 Polymeric Viscosity Modifiers
5.3 Dispersant Viscosity Modifiers
5.4 Oligomeric Viscosity Modifiers
5.5 Other Types
6 Global Dispersion Viscosity Modifier For Lubricants Market, By Formulation
6.1 Introduction
6.2 Conventional Formulations
6.3 Synthetic Formulations
6.4 Semi-Synthetic Formulations
6.5 Bio-Based Formulations
6.6 Other Formulations
7 Global Dispersion Viscosity Modifier For Lubricants Market, By Distribution Channel
7.1 Introduction
7.2 Direct Sales
7.3 Distributors
7.4 Retailers
7.5 Online Sales
7.6 Other Distribution Channels
8 Global Dispersion Viscosity Modifier For Lubricants Market, By Application
8.1 Introduction
8.2 Engine Oils
8.3 Transmission Fluids
8.4 Hydraulic Fluids
8.5 Gear Oils
8.6 Greases
8.7 Other Applications
9 Global Dispersion Viscosity Modifier For Lubricants Market, By End User
9.1 Introduction
9.2 Automotive
9.3 Industrial Machinery
9.4 Energy & Power
9.5 Construction & Mining
9.6 Agriculture Equipment
9.7 Other End Users
10 Global Dispersion Viscosity Modifier For Lubricants Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 BASF SE
12.2 Chevron Oronite Company LLC
12.3 Croda International Plc
12.4 Afton Chemical Corporation
12.5 Evonik Industries AG
12.6 Infineum International Limited
12.7 BRB International B.V.
12.8 LANXESS AG
12.9 Sanyo Chemical Industries Limited
12.10 Shamrock Technologies Inc.
12.11 The Lubrizol Corporation
12.12 MidContinental Chemical Company
12.13 IPAC Inc.
12.14 Vanderbilt Chemicals LLC
List of Tables
1 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Region (2022-2030) ($MN)
2 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Type (2022-2030) ($MN)
3 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Polymeric Viscosity Modifiers (2022-2030) ($MN)
4 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Dispersant Viscosity Modifiers (2022-2030) ($MN)
5 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Oligomeric Viscosity Modifiers (2022-2030) ($MN)
6 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Other Types (2022-2030) ($MN)
7 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Formulation (2022-2030) ($MN)
8 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Conventional Formulations (2022-2030) ($MN)
9 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Synthetic Formulations (2022-2030) ($MN)
10 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Semi-Synthetic Formulations (2022-2030) ($MN)
11 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Bio-Based Formulations (2022-2030) ($MN)
12 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Other Formulations (2022-2030) ($MN)
13 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Distribution Channel (2022-2030) ($MN)
14 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Direct Sales (2022-2030) ($MN)
15 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Distributors (2022-2030) ($MN)
16 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Retailers (2022-2030) ($MN)
17 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Online Sales (2022-2030) ($MN)
18 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Other Distribution Channels (2022-2030) ($MN)
19 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Application (2022-2030) ($MN)
20 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Engine Oils (2022-2030) ($MN)
21 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Transmission Fluids (2022-2030) ($MN)
22 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Hydraulic Fluids (2022-2030) ($MN)
23 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Gear Oils (2022-2030) ($MN)
24 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Greases (2022-2030) ($MN)
25 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Other Applications (2022-2030) ($MN)
26 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By End User (2022-2030) ($MN)
27 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Automotive (2022-2030) ($MN)
28 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Industrial Machinery (2022-2030) ($MN)
29 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Energy & Power (2022-2030) ($MN)
30 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Construction & Mining (2022-2030) ($MN)
31 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Agriculture Equipment (2022-2030) ($MN)
32 Global Dispersion Viscosity Modifier For Lubricants Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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