Friction Modifiers Market size was valued at US$ 999.37 Mn in 2022 and the total revenue is expected to grow at 3.7 % through 2022 to 2029, reaching nearly US$ 1288.78 Mn. The global Friction Modifiers market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Friction Modifiers report also provides trends by market segments, technology, and investment with a competitive landscape.To know about the Research Methodology :- Request Free Sample Report
Friction Modifiers Market Overview:
The raw materials used for the manufacturing of friction modifiers are petrochemicals-derived products including solvents, carbon black, resins, mineral oils, and intermediates. Because of the rise in machine components, the Friction Modifiers market is observing an increasing demand. Growth in various end-use industries which involve mechanical components is further propels the friction modifiers market demand.Friction Modifiers Market Dynamics:
Rising automotive industry coupled with the increasing requirement for fuel-efficient lubricants like engine oil are a key factor drive the global friction modifiers industry. Friction modifiers are found its applications in digital printing including the printing of texts, images, and other graphics digitally on a various range of media substrates. Friction modifiers are widely utilized for fine arts, advertising, and promotions. Energy and technology is constantly inventing new-age energy-efficient industrial lubricants with cross-sectorial applications. High-performing lubricants play a vital role in helping industrial operators improve energy efficiency and reduce the total equipment ownership cost. The range of synthetic industrial lubricants has a proven track record of extending oil life, reducing downtime, improving productivity, and consequently, lowering energy bills. This factor is expected to drive the friction modifier's market growth during the forecast period. Increasing demand for substitute fuels hampers the market growth. Stringent government regulations and technological advancement in friction modifiers are expected to create lucrative opportunities for market growth during the forecast period.Friction Modifiers Market Segment Analysis:
By Type of Modifiers, the friction modifiers market is segmented into organic friction modifiers, organomolybdenum friction modifiers, polymer friction modifiers. The organic friction modifiers segment held the largest market share in 44% in 2019 thanks to its environment-friendly and versatility properties. High-performance organic friction modifiers include conventional friction modifiers to novel polymer-based products. These modifiers are diverse with lubricants to reduce friction and wear and tear between the opposing surfaces. By Compound Type, the market is segmented into organic, inorganic. The inorganic segment is expected to register CAGR of xx% in the friction modifiers industry during the forecast period. This growth is attributed to the outstanding performance and friction reduction provided by inorganic friction modifiers. Also, these additives are cheaper than organic friction modifiers. The inorganic friction modifiers segment is expected to grow at a rapid pace during the forecast period. Strict norms on using inorganic modifiers which contain phosphorus, sulfur, and molybdenum are estimated to hamper the revenue growth of the segment By Application, the market is segmented into transportation lubricants, automotive, engineering vehicles. The transportation lubricants segment is widely used in friction modifiers is expected to register the highest growth xx% during the forecast period. Rising sales of vehicles including passenger and commercial vehicles drive the increased consumption of lubricants. Moreover, the continuous increase in seaborne trade attributed to lower freight rates than airborne trade has led to rising demand for marine lubricants. These factors boost the segment growth in the market.Friction Modifiers Market Regional Insights:
Asia Pacific is expected to dominate the Friction Modifiers Market
The highly developed automotive industry in India, China, and Japan, along with the marine and industrial sector are the major factors that drive the market demand in the region. The Asia Pacific is the major lubricant consumer in the region across the globe, followed by Europe. The advancement of the marine industry in the Asia Pacific is expected to boosts the friction modifiers market demand during the forecast period. According to Marine Insight, South Korea, China and Japan are major countries in the manufacturing and usage of various ships for different purposes. According to the OICA, the Asia Pacific leading global automobile production during the forecast period. China is the largest producer of automobiles globally along with a production volume of 25.73 million vehicles in 2019 and reached 25.21 million vehicles in 2020, registering a decreasing rate of 2%, thereby drive the slight decrease in the consumption of lubricants, this in turn negatively impacts the market demand for friction modifier additives. Friction modifiers also help the aerospace sector in enhancing fuel efficiency. The aerospace industry in the Asia Pacific has expected to witness significant growth during the forecast period. The objective of the report is to present a comprehensive analysis of the Global Friction Modifiers market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Friction Modifiers market dynamics, structure by analyzing the market segments and project the Global Friction Modifiers market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Friction Modifiers market make the report investor’s guide.Friction Modifiers Market Scope: Inquire before buying
Friction Modifiers Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 999.37 Mn. Forecast Period 2023 to 2029 CAGR: 3.7 % Market Size in 2029: US $ 1288.78 Mn. Segments Covered: by Type of Modifiers • Organic Friction Modifiers • Organomolybdenum Friction Modifiers • Polymer Friction Modifiers by Compound Type • Organic • Inorganic by Application • Transportation Lubricants • Automotive • Engineering Vehicles Friction Modifiers Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Friction Modifiers Market, Key Players are:
• Lubrizol • Afton • Infineum • Chevron Oronite • Croda • Chemtura • BASF • Kings Industries • BRB International • Vanderbilt Chemicals • Royal Dutch Shell • Lukoil • Exxon Mobil • BP • Total • Others Frequently Asked Questions: 1. Which region has the largest share in Global Friction Modifiers Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Friction Modifiers Market? Ans: The Global Friction Modifiers Market is growing at a CAGR of 3.7 % during forecasting period 2023-2029. 3. What is scope of the Global Friction Modifiers Market report? Ans: Global Friction Modifiers Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Friction Modifiers Market? Ans: The important key players in the Global Friction Modifiers Market are – Lubrizol, Afton, Infineum, Chevron Oronite, Croda, Chemtura, BASF, Kings Industries, BRB International, Vanderbilt Chemicals, Royal Dutch Shell, Lukoil, Exxon Mobil, BP, Total, Others 5. What is the study period of this Market? Ans: The Global Friction Modifiers Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Friction Modifiers Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Friction Modifiers 3.4. Geographical Snapshot of the Friction Modifiers, By Manufacturer share 4. Global Friction Modifiers Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Type 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Friction Modifiers 5. Supply Side and Demand Side Indicators 6. Global Friction Modifiers Analysis and Forecast, 2022-2029 6.1. Global Friction Modifiers Size & Y-o-Y Growth Analysis. 7. Global Friction Modifiers Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 7.1.1. Organic Friction Modifiers 7.1.2. Organomolybdenum Friction Modifiers 7.1.3. Polymer Friction Modifiers 7.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 7.2.1. Organic 7.2.2. Inorganic 7.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.3.1. Transportation Lubricants 7.3.2. Automotive 7.3.3. Engineering Vehicles 8. Global Friction Modifiers Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Friction Modifiers Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 9.1.1. Organic Friction Modifiers 9.1.2. Organomolybdenum Friction Modifiers 9.1.3. Polymer Friction Modifiers 9.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 9.2.1. Organic 9.2.2. Inorganic 9.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.3.1. Transportation Lubricants 9.3.2. Automotive 9.3.3. Engineering Vehicles 10. North America Friction Modifiers Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Friction Modifiers Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Friction Modifiers Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Friction Modifiers Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Friction Modifiers Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Friction Modifiers Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Friction Modifiers Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Friction Modifiers Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Friction Modifiers Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Friction Modifiers Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Friction Modifiers Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Friction Modifiers Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Friction Modifiers Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Friction Modifiers Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Friction Modifiers Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Friction Modifiers Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Friction Modifiers Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Friction Modifiers Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Friction Modifiers Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Friction Modifiers Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Friction Modifiers Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Friction Modifiers Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Friction Modifiers Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Friction Modifiers Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Friction Modifiers Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Friction Modifiers Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Friction Modifiers Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Friction Modifiers Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Friction Modifiers Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Friction Modifiers Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Friction Modifiers Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Friction Modifiers Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Friction Modifiers Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Friction Modifiers Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Friction Modifiers Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Type of Modifiers, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Compound Type, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Friction Modifiers 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Type and R&D Investment 45.2.2. New Type of Modifiers Launches and Type of Modifiers Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Lubrizol 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Type of Modifiers Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Afton 45.3.3. Infineum 45.3.4. Chevron Oronite 45.3.5. Croda 45.3.6. Chemtura 45.3.7. BASF 45.3.8. Kings Industries 45.3.9. BRB International 45.3.10. Vanderbilt Chemicals 45.3.11. Royal Dutch Shell 45.3.12. Lukoil 45.3.13. Exxon Mobil 45.3.14. BP 45.3.15. Total 45.3.16. Other Key Players 46. Primary Key Insights