Canada Viscosity Index Improver Market

Canada Viscosity Index Improver Market Insights Forecasts to 2035

• The Market Size is Expected to Grow at a CAGR of around 3.70% from 2025 to 2035
• The Canada Viscosity Index Improver Market Size is expected to hold a significant Share by 2035.

According to a research report published by Decision Advisors and Consulting, the Canada Viscosity Index Improver Market is expected to grow at a CAGR of 3.70% during the forecast period 2025-2035. The robust and expanding automobile production, growing consumer demand for fuel-efficient cars, and Canada's growing industrialisation are the key factors driving this market's expansion. Also, Canada has specific requirements for lubricants that function well in below-freezing temperatures. Technological advancements that concentrate on shear stability, bio-based substitutes, and customised formulations for cold-climate performance contribute to market expansion.

Market Overview

The Canada viscosity index improver market refers to the industry focused on the production and application of chemical additives; section concentrated on polymers that improve lubricating oil viscosity stability over a broad temperature range. For automotive, industrial, and heavy machinery applications in Canada's climate, VIIs enhance lubricant performance by guaranteeing ideal flow at low temperatures and protection against thinning at high temperatures. Such additives used in hydraulic oils, transmission fluids, multigrade engine oils, and speciality lubricants are included in this market. The trend toward lubricants with advanced VIIs is being driven by the increasing complexity of engine technologies and strict fuel economy regulations. Further, the regional environmental demands, the Canadian market places a special emphasis on custom polymers for sub-zero temperature performance. Automobile OEMs, lubricant formulators, and industrial manufacturers looking to increase equipment longevity and boost energy efficiency are important purchasers from an industry perspective. The market is characterised by continuous innovation in bio-based formulations, polymer shear stability, and compatibility with synthetic base oils.

Report Coverage

This research report categorises the market for the Canada viscosity index improver market based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada viscosity index improver market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition, have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada viscosity index improver market.

Driving Factors

The growing need for high-performance lubricants in the transportation, manufacturing, and automotive sectors is the main factor propelling the Canadian viscosity index improver market. The adoption of advanced lubricants with viscosity index improvers is supported by new government rules intended to lower emissions and increase fuel economy. Moreover, consumer interest in this sector has been boosted by the growing automotive industry, which produces and maintains more vehicles. In addition, the utilisation of viscosity index improvers is supported by the need for better fuel economy and engine protection. The transition to synthetic oils and technological developments in lubricant formulations both contribute to the market's expansion. Another significant aspect is the growing awareness of the need to maintain the ideal viscosity of lubricants in a range of temperature conditions.

Restraining Factors

The Canadian viscosity index improver market is constrained by a number of factors, among them being cost pressures, raw material volatility, and regulatory obstacles.

Market Segmentation

The Canada viscosity index improver market share is classified into type and end user.

• The olefin copolymer segment dominated the market in 2024 and is anticipated to grow at a significant CAGR during the forecast period.

The Canada viscosity index improver market is segmented by type into polymethacrylate, olefin copolymer, and polyisobutylene. Among these, the olefin copolymer segment dominated the market in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Another synthetic polymer frequently used in lubricants is olefin copolymer viscosity index improvers. These copolymers enhance the viscosity-temperature characteristics of oil, providing consistent lubrication over a broad temperature range. Olefin copolymer VI improvers are valued for their versatility and efficiency in raising lubricating oils' viscosity index.

• The mining segment held a significant share in 2024 and is anticipated to grow at a rapid pace over the forecast period.

The Canada viscosity index improver market is divided by end user into manufacturing, food processing, mining, construction, and power generation. Among these, the mining segment held a significant share in 2024 and is anticipated to grow at a rapid pace over the forecast period. The growing demand for metals and minerals affects the growth of the mining industry. Effective lubrication solutions, like viscosity index improvers, are in higher demand as mining operations expand in order to enhance the longevity and performance of mining equipment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada viscosity index improver market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Adipro Chemicals Ltd
• Texas Refinery of Canada Limited
• Chevron Oronite Company LLC
• Afton Chemical Corporation
• Lubrizol Corporation.
• Infineum International Limited
• BASF Canada

• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Canada, regional, and country levels from 2020 to 2035. Decision Advisors has segmented the Canada viscosity index improver market based on the below-mentioned segments:

Canada Viscosity Index Improver Market, By Type

• Polymethacrylate
• Olefin Copolymer
• Polyisobutylene

Canada Viscosity Index Improver Market, By End User

• Manufacturing
• Food Processing
• Mining
• Construction
• Power Generation

FAQ

Q: What is the current size and growth forecast of the Canadian viscosity index improver market?

A: The Canada Viscosity Index Improver market is projected to grow at a CAGR of around 3.70% during 2025-2035.

Q: What defines the viscosity index improver market?

A: The market involves chemical additives, primarily polymers like polymethacrylate, olefin copolymer, and polyisobutylene that improve the viscosity stability of lubricants over a wide range of temperatures. These compounds optimise performance in automotive, industrial machinery, mining, construction, and power generation sectors.

Q: What are the key market segments?

A: By type, the olefin copolymer segment dominates due to its effectiveness and versatility in improving oil viscosity-temperature properties. By end-user, the mining sector holds a significant share, driven by demand for efficient lubrication to enhance equipment longevity.

Q: What factors drive growth?

A: Growth is mainly driven by the expanding automotive and industrial sectors, increasing fuel efficiency regulations, technological innovation in shear-stable and bio-based VIIs, and Canada's specific climatic demands requiring lubricants that perform effectively under cold temperatures.

Q: What challenges restrain market growth?

A: Key restraints include fluctuating raw material costs, stringent environmental regulations, and competition from alternative lubricant technologies.

Q: Who are the major players?

A: Important companies in the Canadian market include Adipro Chemicals Ltd, Texas Refinery of Canada Limited, Chevron Oronite Company LLC, Afton Chemical Corporation, Lubrizol Corporation, Infineum International Limited, and BASF Canada