Quick Summary:
In a market landscape marked by constant advancements and shifting trends, the friction modifiers industry is set for noteworthy growth, expanding from USD 753.9 Million in 2022 to an estimated size of USD 1.2 Billion by 2030. Our market research report provides insight that is integral to comprehending the mechanics of this burgeoning sector.
The report thoroughly analyzes pivotal sectors within the friction modifiers market. It dives deeper into inorganic and organic segments, offering projections for the upcoming 8-year period, including expected CAGRs and estimated market values. Additionally, notable geographic markets like the U.S., China, Japan, Canada, and Germany are given a detailed look, presenting their unique growth prospects and CAGR forecasts. The report wraps up by profiling key competitors, offering you a comprehensive look at the friction modifiers landscape.
Global Friction Modifiers Market to Reach $1.2 Billion by 2030
The global market for Friction Modifiers estimated at US$753.9 Million in the year 2022, is projected to reach a revised size of US$1.2 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2022-2030. Inorganic, one of the segments analyzed in the report, is projected to record 4.8% CAGR and reach US$619.4 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Organic segment is readjusted to a revised 7.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $205.4 Million, While China is Forecast to Grow at 8.5% CAGR
The Friction Modifiers market in the U.S. is estimated at US$205.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$242.6 Million by the year 2030 trailing a CAGR of 8.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 4.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.Select Competitors (Total 43 Featured) -
- Abitec Corporation
- Adeka Corporation
- Afton Chemical Corporation
- Archoil
- BASF SE
- BRB International BV
- Chemtura Corporation
- Chevron Oronite Company LLC
- Croda International PLC
- CSW Industrials Inc.
- Infineum International Limited
- Kings Industries, Inc.
- Lubrizol Corporation
- Vanderbilt Chemicals, LLC
- Wynn`s
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Friction Modifiers?
What is the growth rate of the Global Market for Friction Modifiers?
What is the forecasted size of the Global Market for Friction Modifiers?
Who are the key companies in the Global Market for Friction Modifiers?
| Report Attribute | Details |
|---|---|
| No. of Pages | 94 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 753.9 Million |
| Forecasted Market Value ( USD | $ 1200 Million |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Abitec Corporation
- Adeka Corporation
- Afton Chemical Corporation
- Archoil
- BASF SE
- BRB International BV
- Chemtura Corporation
- Chevron Oronite Company LLC
- Croda International PLC
- CSW Industrials Inc.
- Infineum International Limited
- Kings Industries, Inc.
- Lubrizol Corporation
- Vanderbilt Chemicals, LLC
- Wynn`s
