Press release
Global Friction Modifiers Market expected to grow USD 1008.4 billion by 2025 - The Lubrizol Corporation, Afton Chemical, Infineum, Chevron, Croda, BASF, ABITEC Corporation
Global Friction Modifiers Market
The Global Friction Modifiers Market is expected to reach USD 1008.4 billion by 2025, from USD 817.3 billion in 2017 growing at a CAGR of 3.6% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition
Friction modifier additives are polar molecules, which are added to lubricants to minimizing the light surface contacts such as sliding and rolling of a machine design. Friction modifiers are also known as boundary lubrication additives. Esters, fatty acids as well as some solid materials such as graphite are used for the friction reduction. The friction modifiers are majorly used in automobile industry. According to an article published recently by trading economics, the sales of vehicles in china grew by 9.6 % in the year 2018 and around 2.29 million units have been sold by the end of the moth may in 2018. This shows that the increase in the production of the automobile around the globe will also increase the need of friction modifiers. Moreover increase in investment of individuals towards maintenance of their vehicles is expected to drive the friction modifier additives market during the forecasted period.
Download exclusive PDF sample report@ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-friction-modifiers-market
Note: If you have any special requirements, please let us know and we will offer you the report as you want.
Frequently Asked Questions?
• What will the market size be in 2025?
• What are the key factors driving the global market?
• What are the challenges to market growth?
• Who are the key players in the market?
• What are the market opportunities and threats faced by the key players?
• What will be the growth rate in 2025?
• Which strategies are used by top players in Global Friction Modifiers Market?
Major Market Drivers & Market Restraint
• Growing automotive industry and vehicle industry
• Increasing demand for fuel-efficient lubricants
• Rising of maintenance awareness of vehicles in consumers.
• Government awareness regarding the green environmental policies and raw material availability
• Rise in demand for alternative fuels
• Rise in use of fully electric vehicle
For Customized Reports and Discounts, Mail us @ sopan.gedam@databridgemarketresearch.com
Market Segmentation
By Type
• Organic Friction Modifiers
• Inorganic Friction Modifiers
By Application
• Transportation Lubricants
• Industrial Lubricants
• Other
By Geography
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
Inquiry before Buying @ https://databridgemarketresearch.com/inquire-before-buying/?dbmr=global-friction-modifiers-market
Competitive landsacpe
The global friction modifiers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of friction modifiers market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Top Competitors of Market
• Lubrizol Corporation
• Afton Chemical Corporation
• Infineum International Limited
• Chevron Oronite Company LLC
• Croda International PLC
• BASF SE,
• Adeka Corporation,
• Archoil, Multisol Ltd,
• PMC Biogenix, Inc,
• Nyco SA,
• Dog Deutsche Oelfabrik Gesellschaft Für Chemische Erzeugnisse Mbh & Co. Kg,
• Akzonobel N.V
• Chemtura Corporation,
• Kings Industries, Inc.,
• BRB International BV,
• Vanderbilt Chemicals,
• LLC,
• CSW Industrials Inc,
• Abitec Corporation,
• Wynn’s,
For Direct Purchase This Report visit @ https://databridgemarketresearch.com/reports/global-friction-modifiers-market/
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
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 Global Friction Modifiers Market expected to grow USD 1008.4 billion by 2025 - The Lubrizol Corporation, Afton Chemical, Infineum, Chevron, Croda, BASF, ABITEC Corporation here
News-ID: 1136242 • Views: …
More Releases from Data Bridge Market Research
Wind Turbine Operations and Maintenance Market is estimated to grow at a Potenti …
Industry Analysis
The rise in investment in offshore wind turbines is escalating the growth of wind turbine operations and maintenance market.
Wind turbine operations and maintenance refer to the services of maintaining the smooth working of the wind turbines. Wind energy means a renewable form of energy which is widely available on the surface of earth. The wind energy is generated by the conversion of wind flow into any useful form of…
Warehouse Robotics Market Exceed Valuation of CAGR of 15.25% by 2029
Industry Analysis
Data Bridge Market Research report on warehouse robotics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the demand in the deployment of robotic systems is escalating the growth of warehouse robotics market. Warehouse robotics is referred to as the deployment of robotics in the warehouse to achieve functions including…
Hibiscus Flower Powder Market Size, Share, Trends, Growth, Strategies, Opportuni …
The trustworthy Hibiscus Flower Powder Market study details the key actions taken by the leading companies and brands, including innovations, product launches, mergers, joint ventures, acquisitions, and competitive analysis in the industry. This winning market paper can cover more ground than just market scenarios and main players' pricing comparisons. It's a comprehensive background study of the sector that also estimates the parental market. A top-notch Hibiscus Flower Powder Market research report…
Caffeinated Beverage Market Business Opportunities, Future Industry Trends, Stra …
A crucial source of information, the Caffeinated Beverage Market Research Report provides approaching and current technological and financial aspects of the industry through 2030. For the benefit of readers and end users, all gathered market data is verified and confirmed by industry professionals. With the help of this reliable marketing report, analyzing the actions of major companies and their impact on sales, import, export, revenue, and CAGR numbers becomes simple. The…
More Releases for Friction
Friction Product Market 2027 Worldwide Analysis on Revenue, Segmentation and Key …
MARKET INTRODUCTION
Friction products are used to produce friction in order to reduce the velocity or stop the movement of a particular object. Friction is the resistance which opposes the movement of object. Friction products cover wide range of pads, linings, blocks, rolls, sheets, clutches etc. Commonly used materials in friction based products are paper (cotton or cellulose fiber and phenolic resin mixture), elastomerics, graphitics, sintered metal ceramics, advanced fibers and…
Global Friction Products and Materials Market 2018 Top Players are: ABS Friction …
Friction material is used in every-day mundane applications such as automotive brakes and clutches to commercial and industrial applications.
According to this study, over the next five years the Friction Products and Materials market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and…
Global Automotive Friction Brake Systems Market 2018 - Nissin Kogyo, PFC Brakes, …
Apex Market Reports, recently published a detailed market research study focused on the “Automotive Friction Brake Systems Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Friction Brake Systems Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend…
CNC and Hydraulic Friction Welding Machines Market Share 2017-2022 Branson, KUKA …
Global CNC and Hydraulic Friction Welding Machines Market Research Report 2012-2022
A recent report discusses the market study on "CNC and Hydraulic Friction Welding Machines Market" over the global and major regions, from angles of manufacturers, product types and end industries. This “CNC and Hydraulic Friction Welding Machines Market” research study involved the extensive usage of both primary and secondary data sources, The report on the global CNC and Hydraulic…
GMP Friction Products Develops Friction Materials for Wind Energy Turbine Market …
Brakes Stop and Hold Wind Turbine Blades for Emergency, High Winds or Maintenance
AKRON, OHIO (January 19, 2012) – GMP Friction Products, working with wind turbine manufacturers and the suppliers to the OEM market, has developed high-speed friction brake materials designed to reduce rotational speed below maximum value or bring the blades of a wind energy turbine to a standstill. Following more than 1,000 braking sequence tests, they have developed friction…
GMP Friction Products to Exhibit Brake and Clutch Friction Products at 2011 Defe …
AKRON, OH (June 9, 2011) – GMP Friction Products, a military manufacturer and supplier of powdered metal friction products for clutch plates and brake pads, will exhibit at the upcoming Defense Logistics Agency (DLA) Enterprise Supplier Conference & Exhibition in Columbus. GMP Friction Products will showcase their capabilities in the field of sintered metallic friction materials engineering, specialty friction products and friction mixes.
“We look forward to connecting with the leaders…
