United States Lubricant Viscosity Grade Improvers Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 0.8 Billion by 2030, growing at a CAGR of 6.3% from 2024 to 2030.
The US Lubricant Viscosity Grade Improvers Market has seen significant growth, driven by increasing industrial needs and technological advancements. Viscosity grade improvers (VGIs) are additives that are essential in enhancing the viscosity performance of lubricants, ensuring better lubrication in varying temperature conditions. These improvers help maintain the lubricating oil’s performance, reducing engine wear and improving efficiency. The growing demand from industries like automotive, manufacturing, and energy is pushing the market forward.
One of the primary requirements for VGIs in various industries is the ability to adapt to changing environmental conditions. For example, in the automotive sector, vehicles require oils that perform well under high temperature, low temperature, and extreme conditions. The US Lubricant Viscosity Grade Improvers Market has responded to this by developing synthetic oils that maintain optimal viscosity over a wide range of temperatures. The need for VGIs that ensure longer engine life and better fuel economy is fueling the market's expansion.
Additionally, the industrial sector demands VGIs that can reduce energy consumption, especially in machinery and heavy-duty equipment. The use of high-quality lubricants with enhanced viscosity can improve operational efficiency by reducing friction and wear, thus extending the lifespan of equipment. This demand for high-performance lubricants is not only seen in the US but also across global markets, with manufacturers continuously looking for ways to improve their lubricant products.
Furthermore, the rise in sustainability efforts and stricter environmental regulations is pushing industries to develop lubricants that are more energy-efficient and eco-friendly. Lubricant viscosity grade improvers have to meet these growing standards while offering superior performance. The ongoing research in the field of VGIs focuses on creating biodegradable and non-toxic alternatives that still deliver high performance and are less harmful to the environment.
In conclusion, the US Lubricant Viscosity Grade Improvers Market is evolving rapidly, driven by industrial demands for better-performing, environmentally friendly lubricants. The need for VGIs to meet strict regulatory standards and diverse operational requirements continues to shape the future of the lubricant industry.
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Chevron Oronite
Evonik
Lubrizol
Lanxess
Infineum
NewMarket
Sanyo Chemical Industries
Midcontinental Chemical
Croda International
Amtecol
Jinzhou Kangtai Lubricant Additives
Nanjing Runyou Chemical Industry Additive
Shenyang Great Wall Lubricating Oil Manufacturing
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Lubricant Viscosity Grade Improvers Market
Viscosity Index Improvers
Dispersant Viscosity Modifiers
Polymer-based Viscosity Modifiers
Enhancing the Lubricant’s Flow Properties
Improving High-temperature Stability
Maintaining Consistent Viscosity Across Temperature Variations
Automotive Lubricants
Industrial Lubricants
Aerospace Lubricants
Marine Lubricants
Automotive Industry
Oil and Gas Industry
Mining Industry
Power Generation
Polyalphaolefins (PAO)
Polyisobutylenes (PIB)
Polymethacrylates (PMA)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Lubricant Viscosity Grade Improvers Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Lubricant Viscosity Grade Improvers Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Lubricant Viscosity Grade Improvers Market, By Type
6. US Lubricant Viscosity Grade Improvers Market, By Application
7. US Lubricant Viscosity Grade Improvers Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Lubricant Viscosity Grade Improvers Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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