Friction Modifiers Market Application (Transportation Lubricants (Commercial Vehicle, Passenger Vehicle, Aviation, Marine), By Type (Organic and Inorganic), and Industrial Lubricants), and Region - Forecast 2027

ID: VPR/CR/1178 Publishing Year: January 2022 Pages: 112 Format:   


Friction Modifiers Market Overview:

Friction Modifiers are oil-soluble lubricant additives that minimise friction and wear in a variety of machine components. They reduce the likelihood of friction between solid surfaces. The reduction in friction improves overall fuel economy and efficiency, extending the equipment's life. Organic and inorganic friction modifiers are the two types of Friction Modifiers Available. They're also known as boundary lubrication additives, and they're employed as transmission and internal combustion engine additives in lubricating oils. Friction Modifiers are made from petrochemical products such as solvents, carbon black, resins, mineral oils, and intermediates. Friction Modifiers are used in a wide range of applications, including fine arts, advertising, and promotions. Organic Friction Modifiers and Inorganic Friction Modifiers are the two types of friction modifiers on the market. The market is divided into Transportation Lubricants and Industrial Lubricants based on the application.

Key Players:

The “Global Friction Modifiers Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as BASF SE, Lubrizol Corporation, Croda International Plc, Chemtura Corporation, Afton Chemical Corporation, Chevron Oronite Company LLC.

Market Drivers:

The market is predicted to develop due to rising demand for organic Friction Modifier Additives. Friction modifier additives' several qualities, such as increasing lubricity and smoothing the transition from one speed to another, are likely to drive up demand. Furthermore, the increased demand for Polymeric Friction Modifiers (PFMs) from the automotive industry is expected to boost Friction Modifier Additives Market Growth.

Restriction:

The availability of low-cost Friction Modifier Additives such detergent additives, extreme-pressure, dispersion additives, and corrosion inhibitors is projected to stifle market expansion. The drop in oil prices is also likely to limit the growth of the Friction Modifier Additives Market.

The market is projected to be hampered by a decrease in the use of automotive lubricant additives due to the increased use of fuel cells as technology advances. Automobiles fueled by fuel cells, on the other hand, do not require engine oil.

Market Segmentation:

The market for Friction Modifiers is divided into three categories: formulation, substrate, and application. The growth of the various segments aids you in gaining information of the many growth variables that are projected to be prevalent throughout the industry, as well as formulating distinct tactics to help discover primary application areas and differences in your target markets.

The Friction Modifiers Market is divided into three categories based on their formulation: solvent-based, water-based, and UV-cured.

Friction Modifiers are divided into four categories based on substrate: plastics, ceramics & glass, textiles, and paper.

The Friction Modifiers Market is divided into four categories based on application: advertising & promotion, ceramic tile printing, clothes & home textiles, and glass printing

Regional Analysis:

From 2016 to 2026, the Global Friction Modifier Additives Market is expected to develop at a significant CAGR. Friction Modifier Additive Suppliers currently have an established market in North America and Western Europe. However, leading players in the worldwide friction modifier additives market are projected to find Asia-Pacific and MEA to be profitable regional markets. According to PMR, the market in the Asia-Pacific region would develop at the quickest CAGR during the forecast period.

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