Friction Modifiers Market, By Type (Organic and Inorganic), By Application (Transportation Lubricant

Published Date: | Report Code : MT1952126

X

The high growth of the vehicle industry in the emerging regions is expected to drive the demand for friction modifiers market during the forecast period. Some of the major end-use industries in the friction modifiers market have been witnessing strong growth in the emerging region such as Asia Pacific and the Middle East. Friction modifier additives are fuel additives that are added to lubricants to minimize light surface contacts, such as sliding and rolling of machine designs.

They are vital components of engine oils, as they reduce friction caused in major metal-metal interaction points in engines and transmissions. Friction modifier additives not only enhance fuel economy by decreasing friction but also help to reduce engine wear and noise and minimize light surface contacts.

The increase in the demand for fuel-efficient lubricants and stringent regulations about fuel economy standards are fueling the growth of the friction modifiers market.

Segment Analysis: 

Based on type, the market has been segmented into organic and inorganic. There has been a significant rise in the demand for organic friction modifiers, as these modifiers are versatile and environment-friendly. Due to these properties, organic friction modifiers may substitute the traditional friction modifiers.

Based on the application, the market has been segmented into transportation lubricants and industrial lubricants. There has been an increase in demand for friction modifiers for public and passenger vehicles due to growing environmental concerns. The rising demand for friction modifiers for aviation turbine engine oils and the marine industry has also positively impacted market growth.

Key Factors Impacting Market Growth:

  • Rise in demand for fuel-efficient lubricants
  • Increasing awareness about the maintenance of vehicles
  • Growth of industrial gear oil market
  • Growth of automobile and vehicle industries

Key Developments:

  • In July 2017, the Afton Chemical Corporation acquired Aditivos Mexicanos, a company that manufactures petroleum additives. This acquisition met the increasing demand for lubricant additives in North America.
  • The Infineum International Ltd. announced the opening of Infineum India Additives Private Limited (IIAPL) in January 2017. This was the first wholly-owned subsidiary in India.
  • Lubrizol Corporation launched a new warehousing facility in Painesville Township Plant, Ohio, US, in September 2017.

Regional Analysis: 

The friction modifiers market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe are major regions for the friction modifiers market owing to diversified demand from end-use industries and competitive scenarios. Some of the major end-use industries in these regions include aviation turbine engine oils and the marine industry. These markets have been dynamic in terms of new product developments and related activities. Hence, some of the emerging sub-segments in this market promise high potential in this region. Major countries for friction modifiers market in these regions include the US, Germany, France, UK, Canada, Italy, and so on. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions. Developing regions including Asia Pacific, South America, and Africa have witnessed key developments in terms of organic and inorganic growth strategies. Global companies have made strategic investments in these regions with favorable production conditions and high demand from end-use industries. China, India, Brazil, South Africa, South Korea, Japan, and others have been some of the key economies in the region. automobile and vehicle industry, aviation turbine engine oils industry are some of the major industries in the region with strong potential for friction modifiers market. Middle East promises a strong market potential with demand from countries including UAE, Saudi Arabia, Qatar, and others that are seeking to diversify the economic outlook. Eastern Europe consisting of Russia and Turkey is also estimated as one of the key markets with demand from automobile and vehicle, aviation turbine engine oils and marine industry.

Companies Covered: 

BASF SE, Chemtura Corporation, Kings Industries, Inc., BRB International BV, Vanderbilt Chemicals, LLC, CSW Industrials Inc, Abitec Corporation, Wynn’s, Adeka Corporation, Archoil, Multisol Ltd, PMC Biogenix, Inc, Nyco SA, Dog Deutsche Oelfabrik Gesellschaft Für Chemische Erzeugnisse Mbh & Co., and AkzoNobel N.V. 

Market Segmentation: 

By Type:

  • Organic
    • Fatty Acids
    • Esters & Amides
    • Functional Polymers
  • Inorganic
    • Molybdenum Compounds
    • Nanoparticles (Graphite, Metal Oxides)

By Application:

  • Transportation Lubricants
    • Commercial Vehicle
    • Passenger Vehicle
    • Aviation
    • Marine
  • Industrial Lubricants

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Application

Reasons to Buy This Report:

  • Market size estimation of the friction modifiers market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: [email protected]

License Offering

Single User (PDF)

3850

Multi User (PDF)

5150

Enterprise User (PDF)

7650

Get Regional Report USD 2000 Only

Your personal details are secure. Privacy Policy

Buy Chapters of Sections

Avail customized purchase options to meet your exact research needs.

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities
Detailed Coverage

Detailed scope covering all the major segments in the market

Meticulous Data Validations

In line data validations to ensure data precision

Recommendations

Market recommendations supporting decision making processes

Analyst Support

Round the clock analyst support to resolve your queries

Free Customization

Up to 15% additional free customization to meet your specific requirements

15% Free Customization

Share your Requirements

Questions?  Speak to an Analyst

Your personal details are secure. Privacy Policy