North America Viscosity Index Improvers Market 2022-2028

As per this report, the viscosity index improvers market in North America is anticipated to develop with a CAGR of 2.70% during the forecast years from 2022 to 2028. The United States and Canada together form the market in this region.

Canada is the second-largest in the region in terms of lubricant consumption and is the fifth-largest automobile producer in the world. It manufactures nearly 2 million cars and light trucks every year, on an average, holding a significant share of global automotive production. The Canadian automotive industry integrated with the NAFTA (North American Free Trade Agreement) to enhance its manufacturing activities.

There has been steady development in the automotive industry. Due to the rise in the sales of commercial vehicles, mainly light trucks and pick-up trucks for short-distance trading and logistics activities, the demand for automobiles in the country is estimated to bolster the demand for automotive lubricants.

The development of the automotive industry in the future will consequently increase the consumption of viscosity index improvers in the industry over the projected period. Further, a rise in the production and export of chemicals & pharmaceuticals, along with the increase in manufacturing output, is expected to foster the demand for lubricant additives like viscosity index improvers.

COMPETITIVE OUTLOOK

The dominant players in the viscosity index improvers market are Jinzhou Kangtai Lubricant Additives Co Ltd, ENI SpA, Infineum International Limited, Jilin Xingyun Chemical Co Ltd, Asian Oil Company, Sanyo Chemical Industries Ltd, Croda International Plc, and BASF SE.

1. North America Viscosity Index Improvers Market - Summary

2. Industry Outlook

2.1. Key Market Strategies
2.1.1. Acquisitions
2.1.2. Product Developments
2.1.3. Contracts & Agreements
2.1.4. Investments & Expansions
2.2. Impact of Covid-19 on the Viscosity Index Improvers Industry
2.3. Porter's Five Forces Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitute
2.3.3. Bargaining Power of Buyers
2.3.4. Bargaining Power of Suppliers
2.3.5. Threat of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Market Drivers
2.6.1. Rise in the Demand for Lubricants
2.6.2. Automotive Production Growth in the Asia-Pacific and Europe
2.7. Market Challenges
2.7.1. Longer Drain Intervals for High-Grade Lubricants
2.7.2. Cost Constraints
2.8. Market Opportunities
2.8.1. Increasing Consumption of Engine Oils

3. North America Viscosity Index Improvers Market Outlook - by Product Type

3.1. Polymethacrylate
3.2. Olefin Copolymer
3.3. Polyisobutylene
3.4. Other Product Type

4. North America Viscosity Index Improvers Market Outlook - by End-User

4.1. Automotive
4.1.1. Passenger Vehicles
4.1.2. Heavy-Duty Vehicles
4.1.3. Other Vehicles
4.2. Industrial
4.3. Other End-Users

5. North America Viscosity Index Improvers Market - Regional Outlook

5.1. United States
5.2. Canada

6. Competitive Landscape

6.1. Afton Chemical Corporation
6.2. Basf Se
6.3. Chevron Oronite Company LLC
6.4. Evonik Industries AG
6.5. Bpt Chemical Co Ltd
6.6. Lubrizol Corporation
6.7. Infineum International Limited
6.8. Sanyo Chemical Industries Ltd
6.9. Croda International plc
6.10. Brb International Bv
6.11. Jinzhou Kangtai Lubricant Additives Co Ltd
6.12. Shanghai Minglan Chemical Co Ltd
6.13. Jilin Xingyun Chemical Co Ltd
6.14. Exxon Mobil Corporation
6.15. Eni Spa
6.16. Asian Oil Company

7. Research Methodology & Scope

7.1. Research Scope & Deliverables
7.2. Sources of Data
7.3. Research Methodology

List of Tables

Table 1: North America Viscosity Index Improvers Market, by Country, 2022-2028 (In $ Million)
Table 2: List of Acquisitions
Table 3: List of Product Developments
Table 4: List of Contracts & Agreements
Table 5: List of Investments & Expansions
Table 6: Vendor Scorecard
Table 7: North America Viscosity Index Improvers Market, by Product Type, 2022-2028 (In $ Million)
Table 8: North America Viscosity Index Improvers Market, by End-Users, 2022-2028 (In $ Million)
Table 9: North America Viscosity Index Improvers Market, by Automotive, 2022-2028 (In $ Million)
Table 10: North America Viscosity Index Improvers Market, by Country, 2022-2028 (In $ Million)

List of Figures

Figure 1: Market Attractiveness Index
Figure 2: North America Viscosity Index Improvers Market, Product Outlook, 2021 & 2028 (In %)
Figure 3: North America Viscosity Index Improvers Market, by Polymethacrylate, 2022-2028 (In $ Million)
Figure 4: North America Viscosity Index Improvers Market, by Olefin Copolymer, 2022-2028 (In $ Million)
Figure 5: North America Viscosity Index Improvers Market, by Polyisobutylene, 2022-2028 (In $ Million)
Figure 6: North America Viscosity Index Improvers Market, by Other Product Type, 2022-2028 (In $ Million)
Figure 7: North America Viscosity Index Improvers Market, End-Users Outlook, 2021 & 2028 (In %)
Figure 8: North America Viscosity Index Improvers Market, by Automotive, 2022-2028 (In $ Million)
Figure 9: North America Viscosity Index Improvers Market, by Industrial, 2022-2028 (In $ Million)
Figure 10: North America Viscosity Index Improvers Market, by Other End-Users, 2022-2028 (In $ Million)
Figure 11: North America Viscosity Index Improvers Market, Regional Outlook, 2021 & 2028 (In %)
Figure 12: United States Viscosity Index Improvers Market 2022-2028 (In $ Million)
Figure 13: Canada Viscosity Index Improvers Market 2022-2028 (In $ Million)