Friction Modifier Additives Market to Witness CAGR of 5.3% Rise in Value Share by 2026

Global Friction Modifier Additives Market Study Analysis

The Friction Modifier Additives Market is projected to register a CAGR of 5.3% by 2026. Friction modifier additives are used in various industries such as automotive, aerospace, and industrial manufacturing. These additives help reduce the wear and tear of mechanical parts, create smoother surfaces and keep surfaces clean.

Polar molecules known as friction modifier additives are added to lubricants with the goal of reducing light surface contacts, such as sliding and rolling, that could happen in a particular machine design. Boundary lubrication additives are another name for friction modifiers.

For the purpose of reducing friction, esters, fatty acids (both natural and manufactured), and some solid substances like graphite and molybdenum disulfide are utilised. These materials' molecules have an oil-soluble end and a polar end (head) (tail). The polar end of the molecule locates a metal surface and attaches itself after being put to use. Each molecule would be stacked vertically next to the other if you could see the orientation of the molecules on the surface, which would resemble carpet fibers.

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These molecules provide a cushioning effect when one of the coated surfaces connects with another coated surface, as long as the frictional contact is light.  If the contact is heavy, then the molecules are brushed off, eliminating any potential benefit of the friction modifier additive.

All in all, friction modifier additives affect the frictional properties between two rubbing surfaces and thus preventing scoring, reduce wear and noise, and also helps in preventing micro pitting in industrial gear lubricants.

Global Friction Modifier Additives Market: Segmentation

The global friction modifier additives market can be segmented on the basis of raw material, application, and region.

On the basis of raw material, the global friction modifier additives market can be segmented into: esters, natural and synthetic fatty acids, graphite, and molybdenum disulfide, etc.

On the basis of application, the global friction modifier additives market can be segmented as: gasoline engine oils, automatic & manual transmission, tractor hydraulic systems, power steering, shock absorbers, and metalworking applications, etc.

On the basis of region, the global friction modifier additives market can be segmented into: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, and Middle East and Africa (MEA).

Global Friction Modifier Additives Market: Drivers and Restraints

Rising consumer inclination towards enhancing fuel efficiency of vehicles, variations in transmission fluids and temperatures, continuing requirements for extended hardware durability, specification changes driven by OEMs are some of the key factors expected to drive the growth of the global friction modifier additives market over the forecast period.

Rising raw material prices, reduction of drain intervals, and export/import laws and regulations are some of the factors restraining the growth of the global friction modifier additives market

Global Friction Modifier Additives Market: Region wise Outlook

The global friction modifier additives market is projected to witness a considerable growth in CAGR from 2016 to 2026. Currently, North America and Western Europe are the matured market for friction modifier additive suppliers. However, Asia-Pacific, and MEA are expected to become lucrative regional market for key players operating in the global friction modifier additives market. PMR forecast the market in Asia-Pacific region is expected to grow at fastest CAGR over the forecast period.

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Global Friction Modifier Additives Market: Key Players
Some of the key players identified in the global friction modifier additives market are: BASF SE, AkzoNobel N.V., Afton Chemical Corporation, Chevron Oronite Company, LLC, Archoil, Vanderbilt Chemicals, LLC, Croda International Plc, and Evonik Industries, etc.

The report covers exhaustive analysis on:
• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis for Friction Modifier Additives Market includes
• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:
• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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