North America Viscosity Index Improvers Market is Expected to grow at a robust CAGR of 5.80% through 2030F
The
North America viscosity index improvers market is expected to be led by the
United States, driven by its strong industrial base and increasing demand for
high-performance lubricants across various sectors, during the forecast period
2026-2030F.
According
to TechSci Research report, “North
America Viscosity Index Improvers Market – By Country, Competition, Forecast
& Opportunities, 2020-2030F, The North America Viscosity Index
Improvers Market was valued at USD 63.55 Million in 2024 and is expected to
reach USD 89.12 Million by 2030 with a CAGR of 5.80% during the forecast
period.
The
diverse and often extreme climatic conditions across North America serve as a
significant market driver for viscosity index improvers. From the sub-zero
winters of Canada and the northern United States to the high-temperature desert
conditions of the southwest, equipment and vehicles are regularly exposed to
drastic seasonal temperature variations. In such environments, lubricants must
deliver consistent performance despite fluctuating thermal loads. Viscosity
index improvers are essential in these scenarios because they enable lubricants
to remain fluid in cold starts while maintaining thickness and protective
properties at high operating temperatures. This thermal flexibility is
especially important in outdoor applications such as snow plowing, oil exploration,
agriculture, and transport logistics.
These
climatic considerations are not only relevant to automotive lubricants but also
industrial oils used in wind turbines, compressors, and hydraulic systems
deployed in outdoor or temperature-sensitive environments. Without viscosity
index improvers, these lubricants would either become too thick to circulate
during cold starts or too thin to provide protection during high-temperature
operation. The cost of failure in such conditions—ranging from engine seizure
to catastrophic mechanical failure—has made the use of high-quality viscosity
index improvers an operational imperative. As climate unpredictability becomes
more pronounced and regional weather extremes become more common, the
importance of stable, all-season lubricants will continue to grow.
Polymer
innovation is emerging as a central trend within the North America viscosity
index improvers market, as additive manufacturers seek to overcome mechanical
shear-related performance limitations associated with traditional polymers.
Research efforts have increasingly focused on creating advanced copolymers and
star-shaped molecular structures that can maintain their thickening properties
even under severe mechanical stress, high-pressure applications, and extended
service intervals. These advancements are critical to meeting the needs of
next-generation engines, heavy-duty diesel vehicles, and high-load industrial
equipment, all of which demand viscosity index improvers with exceptional
long-term shear stability and minimal permanent viscosity loss. In response,
formulators are incorporating polymethacrylates, hydrogenated styrene-diene
block copolymers, and olefin-based copolymers engineered with enhanced backbone
flexibility and molecular weight distribution.
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Based
on End-User, Power Generation is emerging as the fastest-growing segment in the
North America Viscosity Index Improvers Market. This growth is primarily driven
by the increasing demand for reliable and efficient energy production,
particularly in power plants that utilize diverse fuel sources, including
natural gas, coal, and renewables. Power generation systems require high-performance
lubricants that can operate efficiently under extreme temperatures and pressure
conditions, making viscosity index improvers a critical component in
formulating lubricants with superior thermal stability and shear stability.
As
power plants face growing pressure to improve their operational efficiency and
reduce downtime, the need for advanced lubricants that perform well across
varying temperatures becomes more prominent. Viscosity index improvers play a
significant role in ensuring that these lubricants maintain their performance
characteristics under fluctuating environmental conditions, thus enhancing
equipment longevity and reducing maintenance costs.
The
increasing shift towards more sustainable and energy-efficient power generation
methods further drives the demand for lubricants that can optimize machinery
performance. This trend is particularly important in gas turbines, compressors,
and engines, where the role of viscosity index improvers is crucial in ensuring
smooth and efficient operation. As a result, the power generation sector is
expected to continue to be a dominant driver in the viscosity index improvers
market.
Based
on country, Mexico is
rapidly emerging as the fastest-growing country in the North America viscosity
index improvers market, driven by its expanding industrial sector and
increasing demand for high-performance lubricants. As Mexico continues to
develop its manufacturing, automotive, and energy sectors, the need for
efficient lubricants that can perform under a wide range of temperatures and
conditions has surged.
The
country’s growing focus on energy production, particularly in power generation
and oil & gas, further amplifies the demand for viscosity index improvers. Mexico’s
strategic location as a manufacturing hub for various industries has led to an
increase in lubricant consumption, making it a key player in the market's
growth trajectory within the region.
Key
market players in the North America Viscosity Index Improvers market are: -
- Evonik
Industries AG
- Lubrizol
Corporation
- Chevron
Corporation
- Afton
Chemical Corporation
- Infineum
International Limited
- BASF
SE
- Exxon
Mobil Corporation
- Sanyo
Chemical Industries, Ltd.
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“The
North America viscosity index improvers market is expected to experience steady
growth in the coming years, driven by increasing demand for high-performance
lubricants across industries such as automotive, manufacturing, and power
generation. Technological advancements in lubricant formulations, aimed at
improving efficiency, reducing fuel consumption, and enhancing engine life,
will further fuel market expansion. The growing emphasis on energy-efficient
solutions, sustainability, and stricter environmental regulations will lead to
the adoption of advanced viscosity index improvers. As industries continue to
evolve, the market will see continuous innovation and increased demand for
superior lubricants, driving future growth.Top of Form” said Mr. Karan Chechi, Research Director of
TechSci Research, a research-based Global management consulting firm.
“North America Viscosity Index Improvers Market By
Type (Polymethacrylate, Olefin Copolymer, Polyisobutylene), By End-User
(Manufacturing, Food Processing, Mining, Construction, Power Generation), By Country,
By Competition, Forecast and Opportunities, 2020-2030F,” has evaluated the future growth
potential of North America Viscosity Index Improvers Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in North America Viscosity Index Improvers
Market.
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