friction modifiers additives market remains positive with global volume witnessing a CAGR of 5.1% through 2026

The global friction modifier additives market comprises of about 4% of lubricants additive market and is estimated register an attractive CAGR during the 10 years forecast period of 2016-2026. Consumption of lubricant additives is increasing significantly due to frequent amendments in emission norms and in order to achieve fuel economy, extensive researches are being conducted to improve lubricant additives properties and characteristics in order to comply with the technological changes in modern hardware systems and accessories

As per Future Market Insight’s analysis, the organic friction modifier additive segment is expected to register a CAGR marginally higher than the inorganic friction modifier additive segment during the forecast period of 2016 through 2026. However, the inorganic friction modifier additive segment is anticipated to maintain the dominant market share across the forecast period. The segment is expected to observe a marginal decline in the market share at the end of the forecast period.

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The molybdenum dithiocarbamate (MoDTC) sub-segment in the inorganic friction modifier additive segment is expected to expand at a significant CAGR of 7.2% in value terms over the forecast period. Within the inorganic friction modifier additive segment, the CAGR of MoDTC sub-segment in terms of value is expected to grow about 1.5% higher than the CAGR in terms of volume, over the forecast period. Modern engine oil specifications require lubricants to demonstrate fuel efficiency in standardized engine tests. In optimal conditions, these oil soluble, molybdenum-containing, friction modifier additives are able to produce very low friction coefficients, in the range 0.045 to 0.075 in boundary lubrication conditions. Use of MoDTC in friction modifier additives is becoming widely used in Japan. Some of the newer Japanese engine oils have been analysed and found to contain levels up to 1200 ppm Molybdenum. Mini-Traction Machine (MTM) tests were conducted using Japanese engine oil containing 788 ppm Molybdenum to determine its friction profile.

The other sub-segment in the inorganic friction modifier additive segment that is expected to grow at a significant CAGR during the forecast period is Molybdenum Disulphide (MoS2). The CAGR of MoS2 segment in terms of value is expected to grow about 1.5% higher than the CAGR in terms of volume, over the forecast period. Graphite is a sub-segment that holds the smallest market share across the forecast period.

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The organic friction modifier additive segment is also anticipated to demonstrate a significant CAGR throughout the forecast period. The segment is also expected to observe an increase in the market share at the end of the forecast period. The CAGR of organic friction modifier additive segment in terms of value is expected to grow about 2.0% higher than the CAGR in terms of volume, over the forecast period. Within the organic friction modifier additive segment, the CAGR of Polymers sub-segment is forecasted to grow at an attractive CAGR through the forecast period.

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This release was published on openPR.