The US Viscosity Index Improvers Market Size was estimated at 19.9 (USD Million) in 2023. The US Viscosity Index Improvers Market is expected to grow from 21.25(USD Million) in 2024 to 54.6 (USD Million) by 2035. The US Viscosity Index Improvers Market CAGR (growth rate) is expected to be around 8.958% during the forecast period (2025 - 2035).
The US Viscosity Index Improvers Market is experiencing significant advancements due to the increasing demand for high-quality lubricants across various sectors. A key market driver is the growing automotive and industrial sectors, which prioritize energy efficiency and performance. As manufacturers focus on producing engines that operate at higher temperatures, the need for effective viscosity index improvers is becoming vital to maintain lubrication performance. Another important driver is the stringent regulatory environment aimed at reducing emissions and improving fuel efficiency. These regulations push manufacturers to develop high-performance lubricants that ensure compliance and operational efficiency.Opportunities in the US market are noteworthy, particularly with the rising trend for environmentally friendly and bio-based viscosity index improvers. With a growing emphasis on sustainability, companies have the chance to innovate their products to meet consumer demand for greener alternatives. Moreover, the increasing popularity of electric vehicles also presents a segment where viscosity index improvers can enhance the performance of lubricants used in electric powertrains and energy systems. The recent trends in the US indicate a shift towards synthetic and semi-synthetic lubricants, driven by technological advancements and research. Innovations in formulations not only improve the stability and performance of lubricants but also contribute to longer oil change intervals, aligning with consumer preferences for lower maintenance costs.Overall, the US Viscosity Index Improvers Market is positioned to grow, embracing both traditional and innovative approaches to meet changing demands in the automotive and industrial lubrication sectors. This dynamic environment showcases the potential for continuous development and market evolution.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The US Viscosity Index Improvers Market Industry is experiencing significant growth driven by the increasing demand for high-performance lubricants across various sectors, particularly automotive and industrial applications. According to the United States Department of Energy, the automotive sector alone is projected to encounter a growth rate of over 3.5% annually through 2030 as fuel efficiency and performance requirements become stricter. Companies like ExxonMobil and Chevron are introducing advanced lubricant formulations that utilize viscosity index improvers to meet these evolving performance standards.The advancements in these formulations boost the overall efficiency of engines, leading to reduced fuel consumption and emissions, which is crucial considering the US regulations aimed at minimizing greenhouse gas emissions.
The continuous evolution in oil formulation technology is another prominent driver for the US Viscosity Index Improvers Market Industry. Research indicates that the use of synthetic oils, which often include viscosity index improvers, can enhance the performance of engine oils, appealing particularly to manufacturers and consumers aiming for improved fuel efficiency and engine longevity. According to the American Petroleum Institute, the global push toward synthetic lubricants is witnessing an annual growth of approximately 4.5% due to their superior characteristics compared to conventional oils.This trend is further propelled by companies such as Shell and Castrol investing heavily in Research and Development to innovate and launch new products that optimize engine performance.
Stringent environmental regulations in the United States are compelling manufacturers to adopt advanced lubricant solutions, thus accelerating the growth of the US Viscosity Index Improvers Market Industry. The Environmental Protection Agency's (EPA) regulations regarding vehicle emissions are becoming increasingly strict, pushing automotive and industrial lubricant producers to develop formulations that meet these standards. This is creating a high demand for viscosity index improvers that can enhance the performance characteristics of oils while reducing the environmental impact.As an example, the California Air Resources Board has implemented regulations that require the use of low-viscosity engine oils that contribute to lower emissions, thus supporting the demand for high-quality viscosity index improvers.
The US Viscosity Index Improvers Market, particularly through its Type segment, emphasizes the significant diversity of products that cater to various applications in the lubrication and automotive sectors. Among the notable types are Polymethacrylate, Olefin Copolymer, and Polyisobutylene, each playing a pivotal role in enhancing the viscosity characteristics of lubricants and oils. Polymethacrylate stands out for its superior efficiency and ability to provide a wide temperature range, making it ideal for multigrade engine oils that are increasingly in demand in the US automotive market due to stringent fuel economy standards and evolving vehicle technologies.Olefin Copolymer is recognized for its stability and excellent performance at high temperatures, making it suitable for high-performance lubricants and industrial applications. This chemical has been gaining traction due to the growing requirement for enhanced lubrication in advanced machinery. Polyisobutylene, with its unique properties of low volatility and high viscosity index, is gaining popularity in various applications, from engine oils to automatic transmission fluids, as it significantly contributes to the reduction of friction and wear in engines.Each of these types contributes distinct advantages, thereby catering to a comprehensive range of end-user requirements and utilize advanced formulations to meet the increasing performance standards in the US market. The ongoing trends in the automotive and industrial sectors, driven by the rise in demand for high-performance lubricants, ensure that the Viscosity Index Improvers Market remains dynamic. Increased awareness regarding energy efficiency and engine performance, alongside the evolving regulatory landscape emphasizing sustainability, continues to propel the development of innovative solutions within this segment.Factors such as technological advancements in synthetic lubricant formulations and a growing push towards eco-friendly products are vital in shaping the market dynamics. The competition among these types drives research and development initiatives focusing on enhancing the efficiency and effectiveness of viscosity index improvers, which is essential for meeting the ever-growing expectations in the lubrication industry.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The End User segment of the US Viscosity Index Improvers Market is pivotal, reflecting diverse industrial applications that drive overall market dynamics. The Manufacturing sector, which includes automotive and machinery lubrication, leverages viscosity index improvers to enhance lubricant performance, ensuring optimal operation under varying temperatures. In Food Processing, maintaining the quality and stability of oils often requires specialized additives, thereby playing a crucial role in food safety and compliance. The Mining industry relies on these improvers to sustain equipment efficiency in extreme operational conditions, making their application critical for machinery longevity.Additionally, the Construction sector uses viscosity index improvers in various materials, enhancing the workability and durability of construction products. Power generation is also significantly reliant on advanced lubrication technologies to protect equipment and facilitate energy efficiency. This diversity in application not only highlights the versatility of viscosity index improvers but also indicates a growing demand across these key industries, reflecting broader market trends influenced by innovations and technological advancements. As these sectors evolve, the need for high-performance lubricants that optimize operational efficiency continues to shape the landscape of the US Viscosity Index Improvers Market.
The US Viscosity Index Improvers Market is marked by a competitive landscape characterized by several established players, each striving to capture a larger market share by innovating and enhancing their product offerings. This segment plays a crucial role in the formulation of lubricating oils, which are essential for various applications, including automotive and industrial sectors. As the demand for higher-performance automotive fluids continues to grow, players in this market are focusing on research and development to produce additives that provide superior viscosity stability across a wide range of temperatures. The competition is intensified by factors such as technological advancements, regulatory pressures, and the push towards more sustainable lubricant formulations, prompting market players to continually adapt to changing consumer preferences and environmental guidelines.Innospec stands out in the US Viscosity Index Improvers Market with a strong reputation for quality and innovation. The company has established a solid foothold by offering a diverse range of customized viscosity modifiers that cater to specific customer requirements. Innospec's commitment to research and development allows them to stay ahead of the curve, ensuring that their products meet the evolving needs of the automotive and industrial sectors in the US. Furthermore, the company’s established relationships with key industry players and continuous investment in technology have strengthened its position in the market. By providing high-performance solutions that enhance fuel efficiency and engine performance, Innospec leverages its strengths to solidify its presence in a competitive environment.Valvoline, a recognized name in the lubrication industry, also plays a significant role in the US Viscosity Index Improvers Market. The company offers a comprehensive range of engine oils and automotive lubricants that incorporate advanced viscosity improver technologies. Valvoline's products are designed to provide exceptional protection and performance under varying temperature conditions, appealing to a broad spectrum of consumers. The company’s strategic mergers and acquisitions have further enhanced its market position by expanding its product line and increasing distribution channels across the United States. Valvoline's strengths lie in its brand reputation, innovative product formulations, and a dedicated focus on customer satisfaction, which enable it to effectively compete with other key players in the viscosity index improvers segment.
The US Viscosity Index Improvers Market has seen several important developments recently. A notable growth in market valuation is attributed to increasing demands for high-performance lubricants in the automotive and industrial sectors, with companies like Exxon Mobil, BASF, and Innospec actively enhancing their product portfolios to meet strict regulatory standards. As of September 2023, Valvoline announced plans to innovate their lubricant formulations, emphasizing the incorporation of advanced Viscosity Index Improvers. Additionally, TotalEnergies has been investing heavily in sustainable lubricants, reflecting a shift towards eco-friendly products. In terms of mergers and acquisitions, in March 2023, Evonik Industries announced the acquisition of a specialty chemical business from a competitor, aiming to expand its reach in the viscosity index improvers segment. This acquisition is expected to enhance Evonik's ability to supply high-performance products within the US market. Over the last two years, significant market fluctuations have encouraged companies like Lubrizol and Afton Chemical to ramp up their Research and Development efforts, focusing on high-efficiency viscosity index improvers to keep pace with evolving industry standards. Such trends point to a dynamic market environment where innovation and strategic partnerships are critical.
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 19.9(USD Million) |
| MARKET SIZE 2024 | 21.25(USD Million) |
| MARKET SIZE 2035 | 54.6(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 8.958% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Innospec, Valvoline, TotalEnergies, Shell, PetroChina, Exxon Mobil, BASF, Afton Chemical, SABIC, Evonik Industries, Idemitsu Kosan, Eastman Chemical, Lubrizol, Fuchs Petrolub, Chevron |
| SEGMENTS COVERED | Type, End User |
| KEY MARKET OPPORTUNITIES | Rising demand in automotive sector, Increased focus on fuel efficiency, Growth in industrial applications, Regulatory compliance for lubricants, Expanding shale oil production |
| KEY MARKET DYNAMICS | Growing automotive industry demand, Increasing focus on fuel efficiency, Stringent environmental regulations, Technological advancements in additives, Rising demand for synthetic lubricants |
| COUNTRIES COVERED | US |
Frequently Asked Questions (FAQ) :
The US Viscosity Index Improvers Market is expected to be valued at 21.25 million USD in 2024.
By 2035, the US Viscosity Index Improvers Market is projected to reach 54.6 million USD.
The expected CAGR for the US Viscosity Index Improvers Market from 2025 to 2035 is 8.958%.
The market is divided into three main types: Polymethacrylate, Olefin Copolymer, and Polyisobutylene.
The Polymethacrylate segment is valued at 7.5 million USD in 2024.
The Olefin Copolymer segment is expected to reach a value of 16.0 million USD by 2035.
Major players in the market include Innospec, Valvoline, TotalEnergies, and Shell.
The Polyisobutylene segment is projected to be valued at 7.5 million USD in 2024.
Growing demand for high-performance lubricants is a significant opportunity for market growth.
Regulatory changes and fluctuations in raw material prices could challenge market growth.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
Get in Touch
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
