Global Friction Modifier Additives Market Report 2016-2026: Analysis, Trends, and Forecast with a CAGR of 4.2%

Global Industry Analysis

Friction Modifier Additives are the chemical compounds that are added to lubricants and greases to reduce friction between two surfaces. The use of friction modifier additives in lubricants is primarily to increase the efficiency and durability of the engine by reducing the wear and tear of the engine components. The global friction modifier additives market has been growing steadily in recent years, and it is expected to continue its growth trajectory in the coming years.

Market Size and Growth:

According to a report by Persistence Market Research, the global friction modifier additives market size was valued at USD 1.02 billion in 2016 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2016 to 2026. The growth of the market is primarily driven by the increasing demand for friction modifier additives from the automotive industry. The rising demand for fuel-efficient vehicles, which require low friction levels, is expected to drive the growth of the friction modifier additives market.

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:

• Friction Modifier Additives Market Segments
• Friction Modifier Additives Market Dynamics
• Historical Actual Market Size, 2012 - 2014
• Friction Modifier Additives Market Size & Forecast 2015 to 2025
• Supply & Demand Value Chain
• Friction Modifier Additives Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
• Friction Modifier Additives Market Drivers and Restraints

Regional analysis for Friction Modifier Additives Market includes

• North America
• US & Canada
• Latin America
• Brazil, Argentina & Others
• Western Europe
• EU5
• Nordics
• Benelux
• Eastern Europe
• Asia Pacific
• Australia and New Zealand (ANZ)
• Greater China
• India
• ASEAN
• Rest of Asia Pacific
• Japan
• Middle East and Africa
• GCC Countries
• Other Middle East
• North Africa
• South Africa
• Other 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 of 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 product offerings
• Potential and niche segments/regions exhibiting promising growth
• A neutral perspective towards market performance
• Must-have information for market players to sustain and enhance their market footprint

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The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.

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