The United States viscosity index (VI) improvers market is set to rise with a CAGR of 2.74% across the forecasted years. The market growth of the country is reinforced by the augmenting automobile industry and the rising need for industrial as well as automotive lubricants. The base year considered for the studied market is 2021 and the forecasting period is from 2022 to 2028.

UNITED STATES VISCOSITY INDEX (VI) IMPROVERS MARKET FORECAST 2022-2028

United States Viscosity Index (VI) Improvers Market by Type (Polymethacrylate, Olefin Copolymer, Polyisobutylene, Other Type) Market by Application (Automotive, Industrial, Other Applications)

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Viscosity index is used to measure the change in a fluid’s viscosity in relation to temperature. Viscosity improvers’ application includes different grades of engine oils, gear oils, power steering fluids, automatic transmission fluids, greases, and numerous hydraulic fluids. The majority of these oils are utilized in automobiles, and thus, are subject to rapid changes in temperature.

The United States is the largest consumer of lubricants across the globe, dominating approximately 80% of the market. However, on account of several political reasons, numerous industries are reshoring their production bases back to the country, thus bolstering the consumption and demand for both industrial and automotive lubricants. Furthermore, following China, the United States is the second-largest automotive manufacturer, producing around 10.88 million vehicles in the year 2019. Therefore, such factors are set to propel the viscosity index (VI) improvers market growth in the country during the forecast years.

Exxon Mobil Corporation, headquartered in the United States, is an integrated oil and gas company engaged in the exploration as well as production of crude oil and natural gas, the transportation and sale of crude oil, petroleum products, and natural gas, and the manufacture of petroleum products. It also manufactures and commercializes commodity petrochemicals, polypropylene plastics, including polyethylene, olefins, aromatics, and a diverse range of specialty products.

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RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- COUNTRY SNAPSHOT
- COUNTRY ANALYSIS
- KEY GROWTH ENABLERS
- KEY CHALLENGES
KEY ANALYTICS
- IMPACT OF COVID-19 ON VISCOSITY INDEX (VI) IMPROVERS MARKET
- PESTLE ANALYSIS – UNITED STATES
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
  - BUYERS POWER
  - SUPPLIERS POWER
  - SUBSTITUTION
  - NEW ENTRANTS
  - INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
MARKET BY TYPE
- POLYMETHACRYLATE
- OLEFIN COPOLYMER
- POLYISOBUTYLENE
- OTHER TYPE
MARKET BY APPLICATION
- AUTOMOTIVE
  - PASSENGER VEHICLES
  - HEAVY DUTY VEHICLES
  - OTHER VEHICLES
- INDUSTRIAL
- OTHER APPLICATIONS
COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
  - MERGERS & ACQUISITIONS
  - PRODUCT LAUNCHES & DEVELOPMENTS
  - PARTNERSHIPS & AGREEMENTS
  - BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
  - AFTON CHEMICAL CORPORATION
  - CHEVRON ORONITE COMPANY LLC
  - CRODA INTERNATIONAL PLC
  - EXXON MOBIL CORPORATION
  - LUBRIZOL CORPORATION

LIST OF TABLES

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

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

TABLE 3: UNITED STATES VISCOSITY INDEX (VI) IMPROVERS MARKET, BY TYPE, FORECAST YEARS, 2022-2028 (IN $ MILLION)

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

TABLE 5: UNITED STATES VISCOSITY INDEX (VI) IMPROVERS MARKET, BY APPLICATION, FORECAST YEARS, 2022-2028 (IN $ MILLION)

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

TABLE 7: UNITED STATES VISCOSITY INDEX (VI) IMPROVERS MARKET, BY AUTOMOTIVE APPLICATION, FORECAST YEARS, 2022-2028 (IN $ MILLION)

TABLE 8: LEADING PLAYERS OPERATING IN UNITED STATES VISCOSITY INDEX (VI) IMPROVERS MARKET

TABLE 9: LIST OF MERGERS & ACQUISITIONS

TABLE 10: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 11: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 12: 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: UNITED STATES VISCOSITY INDEX (VI) IMPROVERS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021

FIGURE 6: UNITED STATES VISCOSITY INDEX (VI) IMPROVERS MARKET, BY POLYMETHACRYLATE, 2022-2028 (IN $ MILLION)

FIGURE 7: UNITED STATES VISCOSITY INDEX (VI) IMPROVERS MARKET, BY OLEFIN COPOLYMER, 2022-2028 (IN $ MILLION)

FIGURE 8: UNITED STATES VISCOSITY INDEX (VI) IMPROVERS MARKET, BY POLYISOBUTYLENE, 2022-2028 (IN $ MILLION)

FIGURE 9: UNITED STATES VISCOSITY INDEX (VI) IMPROVERS MARKET, BY OTHER TYPE, 2022-2028 (IN $ MILLION)

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

FIGURE 11: UNITED STATES VISCOSITY INDEX (VI) IMPROVERS MARKET, BY AUTOMOTIVE, 2022-2028 (IN $ MILLION)

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

FIGURE 13: UNITED STATES VISCOSITY INDEX (VI) IMPROVERS MARKET, BY PASSENGER VEHICLES, 2022-2028 (IN $ MILLION)

FIGURE 14: UNITED STATES VISCOSITY INDEX (VI) IMPROVERS MARKET, BY HEAVY DUTY VEHICLES, 2022-2028 (IN $ MILLION)

FIGURE 15: UNITED STATES VISCOSITY INDEX (VI) IMPROVERS MARKET, BY OTHER VEHICLES, 2022-2028 (IN $ MILLION)

FIGURE 16: UNITED STATES VISCOSITY INDEX (VI) IMPROVERS MARKET, BY INDUSTRIAL, 2022-2028 (IN $ MILLION)

FIGURE 17: UNITED STATES VISCOSITY INDEX (VI) IMPROVERS MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)

SEGMENTATION

MARKET BY TYPE
- POLYMETHACRYLATE
- OLEFIN COPOLYMER
- POLYISOBUTYLENE
- OTHER TYPE
MARKET BY APPLICATION
- AUTOMOTIVE
  - PASSENGER VEHICLES
  - HEAVY DUTY VEHICLES
  - OTHER VEHICLES
- INDUSTRIAL
- OTHER APPLICATIONS