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NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET FORECAST 2022-2030

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NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET FORECAST 2022-2030

The North America viscosity index (VI) improvers market is anticipated to progress with a CAGR of 2.58% across the forecasted period of 2022 to 2030. The market growth of the region is primarily strengthened by the increasing demand for automotive and industrial lubricants, as well as the rise in commercial vehicle sales.

NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET FORECAST 2022-2030

North America Viscosity Index (VI) Improvers Market by Type (Polymethacrylate, Olefin Copolymer, Polyisobutylene, Other Type) Market by Application (Automotive, Industrial, Other Applications) by Geography

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The North America viscosity index (VI) improvers market is anticipated to progress with a CAGR of 2.58% across the forecasted period of 2022 to 2030. The market growth of the region is primarily strengthened by the increasing demand for automotive and industrial lubricants, as well as the rise in commercial vehicle sales.

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The North America viscosity index (VI) improvers market growth evaluation comprises the analysis of the United States and Canada. The automotive industry in the United States is one of the largest applications areas for viscosity index improvers. However, during the first nine months of 2020, the total automobile manufacturing in the country witnessed a decline of more than 25% year-on-year over the same period in the previous year. The production deterioration is predominantly accredited to the impact of COVID-19 on the United States’ automotive industry, thus indirectly affecting the demand for viscosity index improvers.

On the other hand, Canada’s automotive industry recorded steady growth on account of the rise in commercial vehicle sales, mainly light trucks for short-distance trading as well as pick-up trucks and logistics activities. Hence, the growing demand for automobiles in the country is anticipated to bolster the need for automotive lubricants. As a result, these factors are set to influence the viscosity index (VI) improvers market growth in North America during the forecast period.

Chevron Oronite, headquartered in the United States, develops, manufactures, and markets fuel additives, lubricants, and chemicals. The company offers additive solutions for industries such as railroad, marine, automotive, and others, in addition to hydraulic equipment. The company is a major international supplier of viscosity modifiers under the brand name PARATONE.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • DEMAND FOR HIGH-PERFORMANCE ENGINE OILS
        • INCREASED CONSUMPTION AND PRODUCTION OF LUBRICANTS
      • KEY RESTRAINTS
        • LONGER OIL CHANGE INTERVALS DUE TO ADVANCEMENTS IN LUBRICANT TECHNOLOGY
        • ADDITIONAL ASSOCIATED COSTS
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON VISCOSITY INDEX (VI) IMPROVERS MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
    2. MARKET BY TYPE
      • POLYMETHACRYLATE
      • OLEFIN COPOLYMER
      • POLYISOBUTYLENE
      • OTHER TYPE
    3. MARKET BY APPLICATION
      • AUTOMOTIVE
        • PASSENGER VEHICLES
        • HEAVY DUTY VEHICLES
        • OTHER VEHICLES
      • INDUSTRIAL
      • OTHER APPLICATIONS
    4. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • AFTON CHEMICAL CORPORATION
        • ASIAN OIL COMPANY
        • BASF SE
        • BPT CHEMICAL CO LTD
        • BRB INTERNATIONAL BV
        • CHEVRON ORONITE COMPANY LLC
        • CRODA INTERNATIONAL PLC
        • ENI SPA
        • EVONIK INDUSTRIES AG
        • EXXON MOBIL CORPORATION
        • INFINEUM INTERNATIONAL LIMITED
        • JILIN XINGYUN CHEMICAL CO LTD
        • JINZHOU KANGTAI LUBRICANT ADDITIVES CO LTD
        • LUBRIZOL CORPORATION
        • SANYO CHEMICAL INDUSTRIES LTD
        • SHANGHAI MINGLAN CHEMICAL CO LTD

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – VISCOSITY INDEX (VI) IMPROVERS

    TABLE 2: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 3: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 4: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 6: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, BY AUTOMOTIVE APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, BY AUTOMOTIVE APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 8: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 9: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 10: LEADING PLAYERS OPERATING IN NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET

    TABLE 11: LIST OF MERGERS & ACQUISITIONS

    TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 14: LIST OF BUSINESS EXPANSIONS & DIVESTITURES                                     

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021

    FIGURE 6: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, BY POLYMETHACRYLATE, 2022-2030 (IN $ MILLION)

    FIGURE 7: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, BY OLEFIN COPOLYMER, 2022-2030 (IN $ MILLION)

    FIGURE 8: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, BY POLYISOBUTYLENE, 2022-2030 (IN $ MILLION)

    FIGURE 9: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, BY OTHER TYPE, 2022-2030 (IN $ MILLION)

    FIGURE 10: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021

    FIGURE 11: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, BY AUTOMOTIVE, 2022-2030 (IN $ MILLION)

    FIGURE 12: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, GROWTH POTENTIAL, BY AUTOMOTIVE APPLICATION, IN 2021

    FIGURE 13: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, BY PASSENGER VEHICLES, 2022-2030 (IN $ MILLION)

    FIGURE 14: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, BY HEAVY DUTY VEHICLES, 2022-2030 (IN $ MILLION)

    FIGURE 15: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, BY OTHER VEHICLES, 2022-2030 (IN $ MILLION)

    FIGURE 16: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, BY INDUSTRIAL, 2022-2030 (IN $ MILLION)

    FIGURE 17: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, BY OTHER APPLICATIONS, 2022-2030 (IN $ MILLION)

    FIGURE 18: NORTH AMERICA VISCOSITY INDEX (VI) IMPROVERS MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 19: UNITED STATES VISCOSITY INDEX (VI) IMPROVERS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 20: CANADA VISCOSITY INDEX (VI) IMPROVERS MARKET, 2022-2030 (IN $ MILLION)             

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. MARKET BY TYPE
      • POLYMETHACRYLATE
      • OLEFIN COPOLYMER
      • POLYISOBUTYLENE
      • OTHER TYPE
    2. MARKET BY APPLICATION
      • AUTOMOTIVE
        • PASSENGER VEHICLES
        • HEAVY DUTY VEHICLES
        • OTHER VEHICLES
      • INDUSTRIAL
      • OTHER APPLICATIONS

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