Press release
Organic Friction Modifier Additives Market: Expected to Grow at a 5.16% CAGR by 2032
The Organic Friction Modifier (OFM) Additives Market refers to the industry involved in the production and use of organic-based chemical additives designed to reduce friction in various mechanical systems. These additives are commonly used in lubricants, such as engine oils, transmission fluids, and industrial lubricants, to enhance the performance and efficiency of machinery and automotive systems. OFMs play a critical role in improving fuel economy, reducing wear and tear on engine components, and extending the lifespan of equipment.
The Organic Friction Modifier Additives Market was valued at USD 1.51 billion in 2022 and is projected to reach USD 2.5 billion by 2032. The market is expected to grow at a CAGR of approximately 5.16% from 2024 to 2032, increasing from USD 1.59 billion in 2023.
For In depth Information Get Free Sample Copy of this Report@
https://www.marketresearchfuture.com/sample_request/33026
Organic Friction Modifier Additives Market Companies Are:
BASF SE, DuPont, Castrol Limited, Arkema S.A., Chemtura Corporation, Houghton International, Evonik Industries AG, Metalube Ltd, Cargill Incorporated, Rheochem, SABIC, Afton Chemical Corporation, Brenntag AG, Fuchs Petrolub SE
Organic Friction Modifiers are typically made from organic compounds, such as esters, fatty acids, and amides, which modify the surface characteristics of the metal and other moving parts in mechanical systems. By forming a protective layer on the surface, OFMs reduce direct contact between metal surfaces, thereby lowering friction and improving efficiency.
The demand for organic friction modifiers is growing as industries and consumers increasingly prioritize energy efficiency, reduced emissions, and longer-lasting mechanical systems. The automotive, industrial machinery, and manufacturing sectors are the primary consumers of OFM additives, and their increasing focus on sustainability and performance improvements is driving market growth.
Key Applications of Organic Friction Modifier Additives:
Automotive Industry:
The automotive sector is one of the largest consumers of OFM additives. These additives are used in engine oils, transmission fluids, and differential oils to reduce friction, enhance fuel efficiency, and reduce emissions. The demand for OFMs is driven by the automotive industry's need for better fuel economy and longer-lasting engines.
Industrial Machinery:
In industrial applications, OFMs are used in lubricants for equipment such as pumps, compressors, turbines, and manufacturing machinery. The reduction in friction helps enhance the performance and longevity of machinery, reducing maintenance costs and downtime.
Marine Applications:
OFMs are used in marine lubricants for ship engines and other critical machinery. These additives help reduce friction in harsh marine environments, improving fuel efficiency and engine performance.
Key Trends in the Organic Friction Modifier Additives Market:
Growing Demand for Fuel-Efficient Vehicles:
With the global automotive industry focusing on fuel efficiency and reducing emissions, there is increasing demand for organic friction modifiers in engine oils and transmission fluids. OFMs help reduce friction, improving fuel economy and engine performance.
Shift Toward Synthetic Lubricants:
The shift towards synthetic oils and lubricants, which offer better performance and higher efficiency compared to conventional oils, is driving the demand for OFMs. Synthetic lubricants require the use of advanced additives like OFMs to maintain high-performance standards.
Know More about the Organic Friction Modifier Additives Market Report:
https://www.marketresearchfuture.com/reports/organic-friction-modifier-additives-market-33026
Market Drivers:
Fuel Efficiency Regulations:
The push from governments around the world to reduce fuel consumption and carbon emissions is a significant driver for the use of organic friction modifiers in automotive and industrial lubricants.
Growth of Automotive and Industrial Sectors:
As both automotive and industrial sectors expand, the need for high-performance lubricants containing organic friction modifiers will continue to rise.
Environmental Concerns: Increasing concerns over environmental degradation and the need for sustainable technologies are promoting the use of additives that improve fuel efficiency and reduce emissions, such as OFMs.
Market Segmentation:
By Type of Organic Friction Modifier:
Fatty Acid-Based OFMs:
These are derived from natural oils and fats and are widely used due to their cost-effectiveness and environmentally friendly properties.
Amide-Based OFMs:
Organic amides are used for their superior friction-reducing properties and are often included in high-performance automotive and industrial lubricants.
Esters-Based OFMs:
Esters are organic compounds used in many high-performance lubricant formulations for their friction-reducing and anti-wear properties.
By Application:
Automotive:
Engine oils, transmission fluids, gear oils, and differential lubricants.
Industrial:
Lubricants for machinery, manufacturing equipment, turbines, and compressors.
Marine:
Lubricants for marine engines and machinery.
By End-User Industry:
Automotive: Including passenger vehicles, commercial vehicles, and electric vehicles.
Industrial Equipment: Manufacturing, heavy machinery, and industrial applications.
Marine: Ship engines, offshore platforms, and other marine vessels.
DROC (Drivers, Restraints, Opportunities, and Challenges) Analysis
Drivers:
Environmental Regulations:
Stricter emission standards and fuel efficiency regulations across the globe are driving the demand for additives like organic friction modifiers in automotive and industrial lubricants.
Increasing Fuel Prices:
Rising fuel prices encourage the use of lubricants that help improve fuel efficiency, thereby driving the demand for OFMs.
Growing Industrialization:
The rapid industrialization, particularly in the Asia-Pacific region, is creating new opportunities for OFMs in industrial machinery and equipment.
Opportunities:
Rise of Electric Vehicles (EVs):
Although EVs have fewer moving parts, they still require lubricants for components such as transmissions and axles. This offers opportunities for the OFM market in the EV sector.
Emerging Markets:
Rapid industrialization and growth in automotive and manufacturing sectors in emerging economies, particularly in Asia and Latin America, present significant growth opportunities for OFMs.
Innovative OFM Formulations:
New formulations that offer enhanced performance, environmental benefits, and cost efficiency present opportunities for market expansion.
Challenges:
Regulatory Hurdles:
Despite the environmental benefits, the use of organic friction modifiers is subject to stringent regulatory standards in some regions, particularly concerning the environmental impact of production processes and disposal.
Market Education:
Some industries may not fully understand the benefits of OFMs, making market education and awareness a key challenge for manufacturers.
Performance Variability:
Organic friction modifiers can sometimes show variability in performance depending on the specific formulation and application, which may affect their adoption in high-precision applications.
Table of Contents
SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS
EXECUTIVE SUMMARY
• Market Overview
• Key Findings
• Market Segmentation
• Competitive Landscape
• Challenges and Opportunities
• Future Outlook
SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE
SECTION III: QUALITATIVE ANALYSIS
SECTION IV: QUANTITATIVE ANALYSIS
SECTION V: COMPETITIVE ANALYSIS
LIST Of tables
LIST Of figures
Browse Related Report:
US and Europe Potash Ore Market:
https://www.marketresearchfuture.com/reports/global-potash-ore-market-773
AdBlue Market:
https://www.marketresearchfuture.com/reports/ad-blue-market-790
Aromatic Market:
https://www.marketresearchfuture.com/reports/aromatics-market-930
Anhydrite Market:
https://www.marketresearchfuture.com/reports/anhydrite-market-1618
Calcium Fluoride Market:
https://www.marketresearchfuture.com/reports/calcium-fluoride-market-1648
Antistatic Agent Market:
https://www.marketresearchfuture.com/reports/antistatic-agent-market-1735
Middle East & Africa Color Masterbatch Market:
https://www.marketresearchfuture.com/reports/middle-east-africa-color-masterbatch-market-2968
N-Vinylformamide Market:
https://www.marketresearchfuture.com/reports/n-vinylformamide-market-3318
Isatoic Acid Anhydride Market
https://www.marketresearchfuture.com/reports/isatoic-acid-anhydride-market-3325
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Organic Friction Modifier Additives Market: Expected to Grow at a 5.16% CAGR by 2032 here
News-ID: 3755822 • Views: …
More Releases from Market Research Future (MRFR)
Payment Service Provider Market Projected to Hit USD 140.91 Billion at a 5.48% C …
Market Overview:
The Payment Service Provider (PSP) market has witnessed substantial growth over the past decade, driven by the explosive rise in digital commerce, mobile payments, and cross-border transactions. As businesses strive to streamline payment processes and deliver frictionless experiences to customers, the demand for robust, secure, and scalable PSP solutions has surged.
PSPs serve as intermediaries between merchants and financial institutions, enabling the acceptance of electronic payments via multiple methods…
Boundary Scan Hardware Market Poised for Growth, Reaching USD 3.16 Billion by 20 …
Market Overview:
The Boundary Scan Hardware Market has emerged as a crucial segment within the electronics testing and debugging industry, offering advanced solutions for fault detection and circuit verification in integrated circuits (ICs) and printed circuit boards (PCBs). Leveraging the IEEE 1149.1 standard, boundary scan commonly referred to as JTAG (Joint Test Action Group) provides a non-invasive and efficient testing methodology that minimizes the need for physical probes. Boundary Scan Hardware…
Metaverse for Automotive Market is Expected to Touch USD 123.51 Billion By 2034
Market Overview:
The Metaverse for Automotive Market is redefining how automakers, suppliers, and consumers interact in a digitally immersive world. With the integration of AR/VR, IoT, blockchain, and AI technologies, the automotive industry is stepping into the virtual realm to enhance everything from product design and manufacturing to marketing, sales, and customer service.
The global rise in digital transformation, coupled with increasing consumer demand for interactive and customized experiences, is fueling…
AGV Software Market to Grow at 10.82% CAGR, Hitting USD 6.46 Billion by 2034
Market Overview:
The AGV Software Market is rapidly evolving as industries shift towards intelligent automation and digital transformation in their logistics and material handling operations. AGV software acts as the brain of autonomous vehicles, enabling seamless navigation, scheduling, route optimization, fleet coordination, and task management. With the growing demand for efficient, contactless, and error-free logistics, AGV systems have found significant adoption across warehouses, manufacturing plants, ports, and healthcare facilities. AGV Software…
More Releases for OFM
Novelty Tables Market Booming Worldwide( Forecast Period 2023-2029) With Top Pla …
The global Novelty Tables market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Novelty Tables market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of the global…
Hexagon Shaped Tables Market Booming Worldwide( Forecast Period 2023-2029) With …
The global Hexagon Shaped Tables market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Hexagon Shaped Tables market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of…
U-shaped Tables Market Booming Worldwide( Forecast Period 2023-2029) With Top Pl …
The global U-shaped Tables market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global U-shaped Tables market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of the global…
Organic Friction Modifier Additives Market expected at a CAGR of ~ 4.9% & US$ 50 …
Increasing use of organic friction modifier (OFM) additives for lubrication of automobile, aviation, rail, industrial and energy/ power machinery components is driving its demand across the globe. Future Market Insights (FMI)’s latest report reveals that the global organic friction modifier additives market is set to surge at a steady CAGR of 4.9% during the forecast period (2017-2022). As per the report, this market is estimated to reach a valuation of over US$…
OFM Offers 'real good life' to listeners
OFM offers ‘real good life’ to listeners
Could there be any truth to the article published by The Economist in May 2021, titled “What history tells
you about post-pandemic booms”, which states, “…people spend more, take more risks – and demand
more of politicians”?
The article speaks of a ‘boom’, which throughout history has been seen to manifest in this way following
post-traumatic events. While uncertainty remains in South Africa, it is tricky preparing for…
Organic Friction Modifier Additives Market 2021 Top Manufacturers Analysis and F …
The Insight Partners delivers well-researched industry-wide information on the Organic Friction Modifier Additives Market. It provides information on the market’s essential aspects such as top participants, factors driving Organic Friction Modifier Additives Market growth, precise estimation of the Organic Friction Modifier Additives Market size, upcoming trends, changes in consumer behavioral pattern, market’s competitive landscape, key market vendors, and other market features to gain an in-depth analysis of the market. Additionally,…
