Friction modifier additives are used in the engine oil for reducing the friction and enhance the fuel-efficiency. Moreover, they also prevent the scoring, wear, and noise in the engine. Furthermore, it is also helpful in preventing micro pitting in industrial gear lubricants. Some of the major application of the friction modifier additives are automatic & manual transmission, gasoline engine oils, power steering, tractor hydraulic systems, and metalworking applications.
Market Dynamics
Growing mining activities around the globe is boosting demand for the industrial lubricants market is expected to accelerate the market growth of friction modifier additives. The growing use of gasoline engines in passenger cars and the advent of the high diesel engine in commercial vehicles are some of the other trends in the market. All these factors are expected to propel the market growth.
Growing mining activities around the globe is boosting demand for the industrial lubricants market is expected to accelerate the market growth of friction modifier additives. The growing use of gasoline engines in passenger cars and the advent of the high diesel engine in commercial vehicles are some of the other trends in the market. All these factors are expected to propel the market growth.
Decline in use of automotive lubricant additives due to increasing use of fuel cells on the account of advancement in the technology is expected to hamper the market growth.
Key features of the study:
- This report provides in-depth analysis of the global friction modifier additives market and provides market size (US$ Million & Tons) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
- This study also provides impact analysis of Coronavirus (COVID-19) pandemic on friction modifier additives market.
- It profiles key players in the global friction modifier additives market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Chemtura Corp., Afton Chemicals Corp., Multisol, Wynn's, Archoil, and Whitmore
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
- The global friction modifier additives market report caters to various stakeholders in this industry including investors, suppliers, friction modifier additives manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the friction modifier additives market
Detailed Segmentation:
- Global Friction Modifier Additives Market, By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- Global Friction Modifier Additives Market, By Region:
- North America
- U.S.
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- Canada
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- Europe
- U.K.
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- Germany
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- France
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- Italy
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- Spain
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- Russia
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- Rest of Europe
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- Asia Pacific
- China
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- India
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- Japan
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- ASEAN
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- Australia
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- South Korea
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- Rest of Asia Pacific
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- Latin America
- Brazil
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- Mexico
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- Rest of Latin America
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- Middle East
- GCC
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- Israel
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- Rest of Middle East
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- Africa
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- Central Africa
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- South Africa
- By Application:
- Automotive Lubricant
- Industrial Lubricant
- Aviation Lubricants
- Power Generation Lubricants
- Rail Lubricants
- Company Profiles
- Chemtura Corp. *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Afton Chemicals Corp.
- Multisol
- Wynn's
- Archoil
- Whitmore
"*" marked represents similar segmentation in other categories in the respective section.