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    Friction Modifiers Market Report

    Friction Modifiers Market Report
    Report code - SR2612 Delivery - 2 Weeks
    Friction Modifiers Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth O See more...

    Market Insights

    The market for friction modifiers is anticipated to expand at a CAGR of 3.8% from USD 1,004.3 million in 2022 to USD 1304.3 million by 2028. By lowering fuel consumption and CO2 emissions, friction modifiers help improve the energy efficiency of numerous pieces of machinery and equipment. To achieve the highest level of antifriction qualities, a small amount of these additives is combined with the lubricants.

    The global use of lubricants has increased as a result of the expansion of the transportation sector as a whole, expanding the market for friction modifiers. The global market for friction modifiers is anticipated to rise as a result of the rising demand for these products from developing nations like South Korea and India. Furthermore, as rules mandate the use of fuel-efficient lubricants in automobile lubricants and automotive manufacturing, the expansion of the automotive industry is anticipated to have an impact on the demand for friction modifiers in developed markets in North America and Europe. Additionally, friction modifiers help lubricants operate well, and using them is now necessary to meet pollution regulations in the automotive sector. Antifriction additives are another name for friction modifiers.

    Segments' Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Type Analysis

    Organic & Inorganic

    The inorganic type is anticipated to remain the dominant friction modifier type in the years to come.

    Application Analysis

    Transportation Lubricants and Industrial Lubricants

    Transportation Lubricant is expected to remain the dominant & fastest-growing application in the forecast period.

    Regional Analysis

    North America, Europe, Asia-Pacific, and The Rest of the World

    Asia-Pacific is expected to remain the largest market over the next five years.

     

    By Type

    The inorganic segment is anticipated to command the friction modifiers market in terms of value throughout the anticipated period. The exceptional performance and friction reduction offered by inorganic friction modifiers can be credited for this market segment's expansion. In addition, these additions are less expensive than organic friction modifiers.

    Application Trends

    The largest market for friction modifiers is in the transportation lubricants segment, and during the forecast period, this market is anticipated to develop at the fastest rate. Increased lubricant use will result from rising sales of both passenger and commercial vehicles. Additionally, the need for marine lubricants has increased because of the ongoing growth of seaborne trade, which has a cheaper freight rate than aerial transport. The market for friction modifiers has enormous potential because of these considerations.

    Additionally, organizations like the U.S. EPA have established specific rules pertaining to the emission limits for diesel engines. The use of friction modifiers has become crucial to meeting emission regulations in the automotive industry because they help heat exhaust systems operate more effectively.

    The use of friction modifiers for hydraulic fluids, metalworking fluids, machine and compressor oils, and industrial gear oils is included in the industrial lubricants market. These products are utilized in the manufacturing, oil & gas, agricultural, forestry, and food processing industries. These additives can be applied to gears, hydraulic systems, compressors, turbines, and metal-cutting equipment.

    Regional Analysis

    The markets for friction reducers in North America, Europe, Asia Pacific, South America, the Middle East, & Africa have all been researched. The largest market for friction modifiers is in the Asia-Pacific area, which is predicted to hold the top spot through 2022. The acknowledgment of nations like China, Japan, South Korea, and India as automotive hubs has contributed to the expansion of the Asia-Pacific friction modifiers industry.

    The friction modifiers market is segmented into the following categories:

    By Type

    • Organic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Inorganic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    By ApplicationType

    • Transportation Lubricants (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • Commercial Vehicle(Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • Passenger Vehicle(Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • Aviation(Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • Marine(Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial Lubricants (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Key Players

    The following are the key players in the friction modifiers market:

    • Lubrizol (US)
    • Afton (US)
    • Infineum (UK)
    • Chevron Oronite (US)
    • Croda (UK)
    • Chemtura (Germany)
    • BASF (Germany)
    • Kings Industries (US)
    • BRB International (Netherlands)
    • Vanderbilt Chemicals (US).

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s friction modifiers market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.

    The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • COVID-19 impact and its recovery curve
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for existing and new players
    • Key success factors

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQ)

    The friction modifiers market is estimated to grow at a CAGR of 3.8% by 2028, driven by the growing car sector, vehicle fleet, and demand for lubricants with low fuel consumption.

    Lubrizol (US), Afton (US), Infineum (UK), Chevron Oronite (US), Croda (UK), Chemtura (Germany), BASF (Germany), Kings Industries (US), BRB International (Netherlands), and Vanderbilt Chemicals (US) are the leading players in the friction modifiers market.

    Asia Pacific is estimated to remain dominant and fastest growing in the friction modifiers market in the foreseeable future. The key economies driving the regions demand for friction modifiers are China, South Korea, India, and Japan.

    The transportation lubricants application is estimated to be dominant in the market in the coming years owing to Increasing sales of passenger and commercial vehicles.

    The inorganic segment is anticipated to command the friction modifiers market in terms of value throughout the anticipated period. The exceptional performance and friction reduction offered by inorganic friction modifiers can be credited for this market segment's expansion.

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