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Market Research Report
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1047094

North America Viscosity Index (Vi) Improvers Market Forecast 2022-2030

Published: | Inkwood Research | 120 Pages | Delivery time: 2-3 business days

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North America Viscosity Index (Vi) Improvers Market Forecast 2022-2030
Published: January 19, 2022
Inkwood Research
Content info: 120 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

KEY FINDINGS

The North America viscosity index (VI) improvers market is projected to grow with a CAGR of 2.58% across the forecasting years of 2022 to 2030. The regional market's growth is mainly fueled by the rise in commercial vehicle sales, in addition to the increasing demand for automotive and industrial lubricants.

MARKET INSIGHTS

The North America viscosity index (VI) improvers market growth assessment entails the analysis of Canada and the United States. Canada is the second-largest consumer of lubricants across North America, in addition to being the fifth-largest automobile producer globally. The country produces approximately two million cars as well as light trucks per year, holding an eminent share in terms of automotive vehicle production.

On the other hand, the automotive industry in Canada has integrated with the North American Free Trade Agreement (NAFTA) in order to push its manufacturing activities. This aspect is anticipated to positively influence the automotive industry over the upcoming years, thus augmenting the consumption of viscosity modifiers within the country's automotive sector. A significant increase in the export and production of chemicals and pharmaceuticals, combined with a rise in manufacturing output, is set to further fuel the demand for lubricant additives, such as viscosity index improvers. Therefore, these factors are estimated to propel market growth during the forecast period.

COMPETITIVE INSIGHTS

Some of the leading firms operating in the market are: Afton Chemical Corporation, Chevron Oronite, The Lubrizol Corporation, etc.

Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Product Code: 42652

TABLE OF CONTENTS

1. RESEARCH SCOPE & METHODOLOGY

  • 1.1. STUDY OBJECTIVES
  • 1.2. SCOPE OF STUDY
  • 1.3. METHODOLOGY
  • 1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

  • 2.1. MARKET SIZE & ESTIMATES
  • 2.2. MARKET OVERVIEW

3. MARKET DYNAMICS

  • 3.1. KEY DRIVERS
    • 3.1.1. DEMAND FOR HIGH-PERFORMANCE ENGINE OILS
    • 3.1.2. INCREASED CONSUMPTION AND PRODUCTION OF LUBRICANTS
  • 3.2. KEY RESTRAINTS
    • 3.2.1. LONGER OIL CHANGE INTERVALS DUE TO ADVANCEMENTS IN LUBRICANT TECHNOLOGY
    • 3.2.2. ADDITIONAL ASSOCIATED COSTS

4. KEY ANALYTICS

  • 4.1. IMPACT OF COVID-19 ON VISCOSITY INDEX (VI) IMPROVERS MARKET
  • 4.2. KEY MARKET TRENDS
  • 4.3. PORTER'S FIVE FORCES ANALYSIS
    • 4.3.1. BUYERS POWER
    • 4.3.2. SUPPLIERS POWER
    • 4.3.3. SUBSTITUTION
    • 4.3.4. NEW ENTRANTS
    • 4.3.5. INDUSTRY RIVALRY
  • 4.4. OPPORTUNITY MATRIX
  • 4.5. VENDOR LANDSCAPE

5. MARKET BY TYPE

  • 5.1. POLYMETHACRYLATE
  • 5.2. OLEFIN COPOLYMER
  • 5.3. POLYISOBUTYLENE
  • 5.4. OTHER TYPE

6. MARKET BY APPLICATION

  • 6.1. AUTOMOTIVE
    • 6.1.1. PASSENGER VEHICLES
    • 6.1.2. HEAVY DUTY VEHICLES
    • 6.1.3. OTHER VEHICLES
  • 6.2. INDUSTRIAL
  • 6.3. OTHER APPLICATIONS

7. GEOGRAPHICAL ANALYSIS

  • 7.1. NORTH AMERICA
    • 7.1.1. MARKET SIZE & ESTIMATES
    • 7.1.2. KEY GROWTH ENABLERS
    • 7.1.3. KEY CHALLENGES
    • 7.1.4. KEY PLAYERS
    • 7.1.5. COUNTRY ANALYSIS
      • 7.1.5.1. UNITED STATES
      • 7.1.5.2. CANADA

8. COMPETITIVE LANDSCAPE

  • 8.1. KEY STRATEGIC DEVELOPMENTS
    • 8.1.1. MERGERS & ACQUISITIONS
    • 8.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
    • 8.1.3. PARTNERSHIPS & AGREEMENTS
    • 8.1.4. BUSINESS EXPANSIONS & DIVESTITURES
  • 8.2. COMPANY PROFILES
    • 8.2.1. AFTON CHEMICAL CORPORATION
    • 8.2.2. ASIAN OIL COMPANY
    • 8.2.3. BASF SE
    • 8.2.4. BPT CHEMICAL CO LTD
    • 8.2.5. BRB INTERNATIONAL BV
    • 8.2.6. CHEVRON ORONITE COMPANY LLC
    • 8.2.7. CRODA INTERNATIONAL PLC
    • 8.2.8. ENI SPA
    • 8.2.9. EVONIK INDUSTRIES AG
    • 8.2.10. EXXON MOBIL CORPORATION
    • 8.2.11. INFINEUM INTERNATIONAL LIMITED
    • 8.2.12. JILIN XINGYUN CHEMICAL CO LTD
    • 8.2.13. JINZHOU KANGTAI LUBRICANT ADDITIVES CO LTD
    • 8.2.14. LUBRIZOL CORPORATION
    • 8.2.15. SANYO CHEMICAL INDUSTRIES LTD
    • 8.2.16. 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)