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Friction Modifiers Market Size, Share & Analysis, By Type of Modifiers, By Compound Type, By Applications, And By Region, Forecast To 2028

  • ID: 5312353
  • Report
  • April 2021
  • Region: Global
  • 127 pages
  • Reports and Data

FEATURED COMPANIES

  • BASF SE
  • BRB International BV
  • Chevron Corporation
  • Croda International PLC
  • F.I.L.A. Group
  • Kings Industries Inc.
  • MORE
Increasing demand and need for friction modifiers as lubrication additives in various end-use industries such as automotive, engineering vehicles, aviation, marine, railway, industrial machinery is a key factor driving market revenue growth.

Market Size - USD 937.7 Million in 2020, Market Growth - CAGR of 3.0%, Market Trends - Rising investments in development of advanced friction modifiers to reduce hydrodynamic friction.

The global friction modifiers market size is expected to reach USD 1,195.7 Million in 2028, and register a CAGR of 3.0% during the forecast period. Market growth is expected to be drive by rapidly increasing automobile sales, which is resulting increased need for lubrication additives in vehicle combustion engines. In addition, increasing requirement for fuel-efficient lubricants that help to comply with regulations about vehicle fuel efficiency standards, and constant emphasis of manufacturers on development of novel and advanced friction modifiers are some other major factors expected to drive growth of the global friction modifiers market.

Increasing consumption of friction modifiers for application in digital printing equipment is expected to support market growth. In industrial sector, increasing preference for automation of processes in manufacturing units and advent of Industry 4.0 are resulting in need for friction modifiers to reduce friction and slippage, thereby improving machine efficiency. Friction modifiers are designed to offer lubricity to machine parts, reduce friction, and lower carbon-dioxide emissions.

Increasing demand for electric vehicles is a factor that could restrain consumption of friction modifiers as these vehicles are powered by electric direct-current, eliminating need for application of friction modifiers.

Some Key Findings From the Report:
  • Among the compound type segments, the organic friction modifiers segment accounted for the largest revenue share of 44.1% in 2020, owing to its environment-friendly and versatility properties. The inorganic friction modifiers segment is expected to register considerable revenue growth rate during the forecast period.
  • The Asia Pacific market size was USD 356.3 Million in 2020, and is expected to dominate in the global market over the forecast period, attributed to rapidly growing industries such as automotive, aviation, marine, among others, and inclining number of industrial units.
  • The Europe market accounted for second-largest revenue share in the global market in 2020, followed by the North America market.
  • Key players profiled in the report include Lubrizol Corporation, Croda International PLC, Vanderbilt Chemicals, LLC, BASF SE, Chevron Corporation, F.I.L.A. Group, BRB International BV, Kings Industries, Inc., Afton Chemical Corporation, and LANXESS. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global friction modifiers market is segmented on the basis of the modifier type, compound type, application, and region:

Modifier Type Outlook
  • Organic Friction Modifiers (OFM)
  • Organomolybdenum Friction Modifiers (MoFM)
  • Polymer Friction Modifiers (PFM)
  • Dispersed Nanoparticles
Compound Type Outlook
  • Organic
  • Inorganic
Application Outlook
  • Automotive
  • Engineering Vehicles
  • Aviation
  • Marine
  • Railway
  • Machinery
  • Others
Region Outlook
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Benelux
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Rest of Latin America
  • Middle East and Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East & Africa
Reasons to Buy the Report
  • A robust analysis and estimation of the Friction Modifiers Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
  • A holistic competitive landscape of all the major players in the Friction Modifiers Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
  • Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
  • Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
  • Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BASF SE
  • BRB International BV
  • Chevron Corporation
  • Croda International PLC
  • F.I.L.A. Group
  • Kings Industries Inc.
  • MORE
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020 - 2028

Chapter 3. Indicative Metrics

Chapter 4. Friction Modifiers Market Segmentation & Impact Analysis
4.1. Friction Modifiers Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. High increasing number of heavy-duty & passenger vehicles
4.2.2.2. The demand for higher efficiency by the industrial equipment
4.2.2.3. Technological advancements in the friction modifiers formulation
4.2.3. Market restraints analysis
4.2.3.1. Revolution with the electric vehicle market
4.2.3.2. Easy availability of cheaper substitutes of friction modifiers
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis

Chapter 5. Friction Modifiers Market By Type of Modifiers Insights & Trends
5.1. Type of Modifiers Dynamics & Market Share, 2021 & 2028
5.2. Organic Friction Modifiers (OFM)
5.2.1. Market estimates and forecast, 2018 - 2028 (USD Million)
5.2.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million)
5.3. Organomolybdenum Friction Modifiers (MoFM)
5.3.1. Market estimates and forecast, 2018 - 2028 (USD Million)
5.3.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million)
5.4. Polymer Friction Modifiers (PFM)
5.4.1. Market estimates and forecast, 2018 - 2028 (USD Million)
5.4.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million)
5.5. Dispersed Nanoparticles
5.5.1. Market estimates and forecast, 2018 - 2028 (USD Million)
5.5.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million)

Chapter 6. Friction Modifiers Market By Compound Types Insights & Trends
6.1. Compound Types Dynamics & Market Share, 2021 & 2028
6.2. Organic
6.2.1. Market estimates and forecast, 2018 - 2028 (USD Million)
6.2.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million)
6.3. Inorganic
6.3.1. Market estimates and forecast, 2018 - 2028 (USD Million)
6.3.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million)

Chapter 7. Friction Modifiers Market By Applications Insights & Trends
7.1. Applications Type Dynamics & Market Share, 2021 & 2028
7.2. Automotive
7.2.1. Market estimates and forecast, 2018 - 2028 (USD Million)
7.2.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million)
7.3. Engineering Vehicles
7.3.1. Market estimates and forecast, 2018 - 2028 (USD Million)
7.3.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million)
7.4. Aviation
7.4.1. Market estimates and forecast, 2018 - 2028 (USD Million)
7.4.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million)
7.5. Marine
7.5.1. Market estimates and forecast, 2018 - 2028 (USD Million)
7.5.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million)
7.6. Railway
7.6.1. Market estimates and forecast, 2018 - 2028 (USD Million)
7.6.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million)
7.7. Machinery
7.7.1. Market estimates and forecast, 2018 - 2028 (USD Million)
7.7.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million)
7.8. Others
7.8.1. Market estimates and forecast, 2018 - 2028 (USD Million)
7.8.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million)

Chapter 8. Friction Modifiers Market Regional Outlook
8.1. Friction Modifiers Market share By Region, 2021 & 2028
8.2. North America
8.2.1. North America Friction Modifiers Market estimates and forecast, 2018 - 2028, (USD Million)
8.2.2. North America Friction Modifiers Market estimates and forecast By Type of Modifiers, 2018 - 2028, (USD Million)
8.2.3. North America Friction Modifiers Market estimates and forecast By Compound Types, 2018 - 2028, (USD Million)
8.2.4. North America Friction Modifiers Market estimates and forecast By Applications, 2018 - 2028, (USD Million)
8.2.5. U.S.
8.2.5.1. U.S. Friction Modifiers Market estimates and forecast, 2018 - 2028, (USD Million)
8.2.5.2. U.S. Friction Modifiers Market estimates and forecast By Type of Modifiers, 2018 - 2028, (USD Million)
8.2.5.3. U.S. Friction Modifiers Market estimates and forecast By Compound Types, 2018 - 2028, (USD Million)
8.2.5.4. U.S. Friction Modifiers Market estimates and forecast By Applications, 2018 - 2028, (USD Million)
8.3. Europe
8.3.1. Europe Friction Modifiers Market estimates and forecast, 2018 - 2028, (USD Million)
8.3.2. Europe Friction Modifiers Market estimates and forecast By Type of Modifiers, 2018 - 2028, (USD Million)
8.3.3. Europe Friction Modifiers Market estimates and forecast By Compound Types, 2018 - 2028, (USD Million)
8.3.4. Europe Friction Modifiers Market estimates and forecast By Applications, 2018 - 2028, (USD Million)
8.3.5. U.K.
8.3.5.1. U.K. Friction Modifiers Market estimates and forecast, 2018 - 2028, (USD Million)
8.3.5.2. U.K. Friction Modifiers Market estimates and forecast By Type of Modifiers, 2018 - 2028, (USD Million)
8.3.5.3. U.K. Friction Modifiers Market estimates and forecast By Compound Types, 2018 - 2028, (USD Million)
8.3.5.4. U.K. Friction Modifiers Market estimates and forecast By Applications, 2018 - 2028, (USD Million)
8.3.6. France
8.3.6.1. France Friction Modifiers Market estimates and forecast, 2018 - 2028, (USD Million)
8.3.6.2. France Friction Modifiers Market estimates and forecast By Type of Modifiers, 2018 - 2028, (USD Million)
8.3.6.3. France Friction Modifiers Market estimates and forecast By Compound Types, 2018 - 2028, (USD Million)
8.3.6.4. France Friction Modifiers Market estimates and forecast By Applications, 2018 - 2028, (USD Million)
8.4. Asia-Pacific
8.4.1. Asia Pacific Friction Modifiers Market estimates and forecast, 2018 - 2028, (USD Million)
8.4.2. Asia Pacific Friction Modifiers Market estimates and forecast By Type of Modifiers, 2018 - 2028, (USD Million)
8.4.3. Asia Pacific Friction Modifiers Market estimates and forecast By Compound Types, 2018 - 2028, (USD Million)
8.4.4. Asia Pacific Friction Modifiers Market estimates and forecast By Applications, 2018 - 2028, (USD Million)
8.4.5. China
8.4.5.1. China Friction Modifiers Market estimates and forecast, 2018 - 2028, (USD Million)
8.4.5.2. China Friction Modifiers Market estimates and forecast By Type of Modifiers, 2018 - 2028, (USD Million)
8.4.5.3. China Friction Modifiers Market estimates and forecast By Compound Types, 2018 - 2028, (USD Million)
8.4.5.4. China Friction Modifiers Market estimates and forecast By Applications, 2018 - 2028, (USD Million)
8.4.6. India
8.4.6.1. India Friction Modifiers Market estimates and forecast, 2018 - 2028, (USD Million)
8.4.6.2. India Friction Modifiers Market estimates and forecast By Type of Modifiers, 2018 - 2028, (USD Million)
8.4.6.3. India Friction Modifiers Market estimates and forecast By Compound Types, 2018 - 2028, (USD Million)
8.4.6.4. India Friction Modifiers Market estimates and forecast By Applications, 2018 - 2028, (USD Million)
8.4.7. Japan
8.4.7.1. Japan Friction Modifiers Market estimates and forecast, 2018 - 2028, (USD Million)
8.4.7.2. Japan Friction Modifiers Market estimates and forecast By Type of Modifiers, 2018 - 2028, (USD Million)
8.4.7.3. Japan Friction Modifiers Market estimates and forecast By Compound Types, 2018 - 2028, (USD Million)
8.4.7.4. Japan Friction Modifiers Market estimates and forecast By Applications, 2018 - 2028, (USD Million)
8.5. Middle East and Africa
8.5.1. Middle East and Africa Friction Modifiers Market estimates and forecast, 2018 - 2028, (USD Million)
8.5.2. Middle East and Africa Friction Modifiers Market estimates and forecast By Type of Modifiers, 2018 - 2028, (USD Million)
8.5.3. Middle East and Africa Friction Modifiers Market estimates and forecast By Compound Types, 2018 - 2028, (USD Million)
8.5.4. Middle East and Africa Friction Modifiers Market estimates and forecast By Applications, 2018 - 2028, (USD Million)
8.6. Latin America
8.6.1. Latin America Friction Modifiers Market estimates and forecast, 2018 - 2028, (USD Million)
8.6.2. Latin America Friction Modifiers Market estimates and forecast By Type of Modifiers, 2018 - 2028, (USD Million)
8.6.3. Latin America Friction Modifiers Market estimates and forecast By Compound Types, 2018 - 2028, (USD Million)
8.6.4. Latin America Friction Modifiers Market estimates and forecast By Applications, 2018 - 2028, (USD Million)
8.6.5. Brazil
8.6.5.1. Brazil Friction Modifiers Market estimates and forecast, 2018 - 2028, (USD Million)
8.6.5.2. Brazil Friction Modifiers Market estimates and forecast By Type of Modifiers, 2018 - 2028, (USD Million)
8.6.5.3. Brazil Friction Modifiers Market estimates and forecast By Compound Types, 2018 - 2028, (USD Million)
8.6.5.4. Brazil Friction Modifiers Market estimates and forecast By Applications, 2018 - 2028, (USD Million)

Chapter 9. Competitive Landscape
9.1. Market Revenue Share By Manufacturers
9.2. Manufacturing Cost Breakdown Analysis
9.3. Mergers & Acquisitions
9.4. Market positioning
9.5. Strategy Benchmarking
9.6. Vendor Landscape

Chapter 10. Company Profiles
10.1. Lubrizol Corporation
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Technology Insights
10.1.4. Strategic Initiatives
10.2. Croda International PLC
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Technology Insights
10.2.4. Strategic Initiatives
10.3. Vanderbilt Chemicals, LLC
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Technology Insights
10.3.4. Strategic Initiatives
10.4. BASF SE
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Technology Insights
10.4.4. Strategic Initiatives
10.5. Chevron Corporation
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Technology Insights
10.5.4. Strategic Initiatives
10.6. F.I.L.A. Group
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Technology Insights
10.6.4. Strategic Initiatives
10.7. BRB International BV
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Technology Insights
10.7.4. Strategic Initiatives
10.8. Kings Industries, Inc.
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Technology Insights
10.8.4. Strategic Initiatives
10.9. Afton Chemical Corporation
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Technology Insights
10.9.4. Strategic Initiatives
10.10. LANXESS
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Technology Insights
10.10.4. Strategic Initiatives
Note: Product cover images may vary from those shown
  • Lubrizol Corporation
  • Croda International PLC
  • Vanderbilt Chemicals LLC
  • BASF SE
  • Chevron Corporation
  • F.I.L.A. Group
  • BRB International BV
  • Kings Industries Inc.
  • Afton Chemical Corporation
  • LANXESS.
Note: Product cover images may vary from those shown
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