Friction Modifiers Market - Forecast(2023 - 2028)

Report Code: CMR 51431 Report Format: PDF + Excel
Friction Modifiers Market Overview

Friction Modifiers Market size is forecast to reach $960 Million by 2025, after growing at a CAGR of 3.4% during 2020-2025. The purpose of a lubricant is to reduce the amount of friction between two surfaces. Owing to this with the rise in machine components, the Friction Modifiers market is witnessing an increase in demand. Growing various end use industries which involves mechanical components, will further enhance the overall market demand for Friction Modifiers during the forecast period.

Report Coverage

The report: “Friction Modifiers Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Friction Modifiers Industry. 
By Type – Organic friction modifiers (Polar group, Lipophilic group), Metal containing friction modifiers.
By Application - Transportation Lubricants (Commercial Vehicle Lubricants, Passenger Vehicle Lubricants, Aviation Lubricants, Marine Lubricants), Industrial Lubricants (Power Generation Lubricants, Construction and Mining Lubricants, Others), Others.
By Geography – North America, South America, Europe, APAC, RoW.

Key Takeaways

  • Asia-Pacific dominates the Friction Modifiers market owing to increasing demand from various end use industries such as automotive, aviation industries, Electrical & Electronics among others. 
  • Friction modifiers, often referred to as boundary lubrication additives i.e, oil soluble chemicals used in lube oils as additives for transmissions and internal combustion engines, which is likely to aid in the market growth of friction modifiers.
  • Growing various end use industries which involves mechanical components, will further enhance the overall market demand for Friction Modifiers during the forecast period.
  • Increasing demand for battery electric vehicles and the ban on diesel and gasoline vehicles going forward will create hurdles for the Friction Modifiers market 

Type - Segment Analysis

Organic friction modifiers segment holds the largest share in the Friction Modifiers market, because of its versatility and environment-friendliness. A wide range of high performance organic friction modifiers, ranging from conventional products such as glycerol mono-oleate to novel polymer based friction modifiers. Organic friction modifiers are molecules that have a polar group and an oil-soluble backbone. They are added to lubricants for the purpose of reducing asperity contacts between opposing surfaces thus reducing friction. The polar head group is responsible for the friction modifier adsorbing onto the metal surface, whilst the hydrocarbon-based backbone or tail is key to oil solubility and ensuring film forming properties of the additive. 

Application - Segment Analysis

Transportation Lubricants holds the largest market share in the friction modifiers market. The increase in the overall transportation industry has resulted in the rise in the use of lubricants across the globe, thereby widening the scope of the friction modifiers market. Furthermore, the growth of the automotive industry is expected to increase the demand for friction modifiers market. The main purpose of lubricants in cars is to smoothen the moving parts of the automobile to reduce friction and wear and tear by providing trouble free performance for a longer span of time. A lubricant is a blend of base oils and performance-enhancing additives as required by car engine, gear box and other functional areas.

Geography - Segment Analysis

APAC dominated the Friction Modifiers market with a share of more than xx%, followed by North America and Europe. The increasing demand for friction modifiers from emerging economies such as India and South Korea is expected to fuel the growth of the friction modifiers market across the globe. Countries in South East Asia are witnessing high growth in the aviation and automotive industries. According to OICA, APAC automotive sales witnessed a growth of over 6.52% during 2012-2018, with South East Asian countries having huge potential to grow. Owing to this with the growing automotive industry the demand for lubricants will increase and hence the market demand for friction modifiers market will grow.

Friction Modifiers Market Drivers

Growing automobile industry and auto parts

Engine oil is the most important of the all the lubricants. Lubricants for gasoline and diesel engine are different as the load cycles and fuels are different. Other than reducing friction, the oil in a car engine helps such as Seal the high-pressure combustion gases inside the cylinders, Impede the corrosion of metal parts, Absorb some of the harmful by-products of combustion, and Transfer heat from one part of the engine to another. Owing to this, the market demand for Friction modifiers will grow. 

Low Cost with Efficient work

Energy and Technology has been constantly innovating new-age energy-efficient industrial lubricants with cross-sectoral applications. High-performing lubricants can play an important role in helping industrial operators improve energy efficiency and reduce the total cost of equipment ownership. The range of synthetic industrial lubricants has a proven track record of extending oil life, reducing downtime, enhancing productivity and, consequently, lowering energy bills.

Friction Modifiers Market Challenges

Impact of COVID 19 

The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world are completely lockdown due to this pandemic. Because of this major lockdown, suddenly all the consumer market has started to show zero interest towards purchasing any goods. One of the major difficulties, market is facing are the shutdown of all kinds of transportation. Global crisis for all sectors including shipping, which was hit by slowing demand in goods’ production and exports had slowdown the market for friction modifiers.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Friction Modifiers market. In 2019, the market of Friction Modifiers has been consolidated by the top five players accounting for xx% of the share. Major players in the Friction Modifiers Market are Akzonobel N.V, Abitec Corporation, Adeka Corporation, Multisol Ltd., Wynn’s, Archoil,among others. 

Acquisitions/Technology Launches

  • In July 2019, AkzoNobel has acquired French aerospace coatings manufacturer Mapaero. The intended acquisition will strengthen AkzoNobel’s global position in aerospace coatings, notably in the structural and cabin coating sub-segments, and contribute directly towards delivering the company’s 2020 guidance.
1.Friction Modifiers Market- Market Overview
    1.1 Definitions and Scope
2.Friction Modifiers Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Type
    2.3 Key Trends by Application
    2.4 Key Trends by Geography
3.Friction Modifiers Market- Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4.Friction Modifiers Market - Startup companies Scenario Premium Premium
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5.Friction Modifiers Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6.Friction Modifiers Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7.Friction Modifiers Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors 
8.Friction Modifiers Market– By Type (Market Size -$Million)
    8.1 Organic Friction Modifiers
        8.1.1 Polar Group
        8.1.2 Lipophilic Group
    8.2 Metal Containing friction Modifiers
9.Friction Modifiers Market– By Application (Market Size -$Million)
    9.1 Transportation Lubricants
        9.1.1 Commercial Vehicle Lubricants
        9.1.2 Passenger Vehicle Lubricants
        9.1.3 Aviation Lubricants
        9.1.4 Marine Lubricants
    9.2 Industrial Lubricants
        9.2.1 Power Generation Lubricants
        9.2.2 Construction and Mining Lubricants
        9.2.3 Others
    9.3 Others
10.Friction Modifiers Market - By Geography (Market Size -$Million)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Colombia
        10.2.4 Chile
        10.2.5 Rest of South America
    10.3 Europe
        10.3.1 U.K
        10.3.2 Germany
        10.3.3 Italy
        10.3.4 France
        10.3.5 Russia
        10.3.6 Spain
        10.3.7 Netherlands
        10.3.8 Belgium
        10.3.9 Rest of Europe
    10.4 Asia Pacific
        10.4.1 China
        10.4.2 India
        10.4.3 Japan
        10.4.4 South Korea
        10.4.5 Australia & New Zealand
        10.4.6 Rest of Asia Pacific
    10.5 RoW
        10.5.1 Middle East
            10.5.1.1 UAE
            10.5.1.2 Saudi Arabia
            10.5.1.3 Israel
            10.5.1.4 Rest of Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
11.Friction Modifiers Market- Entropy
    11.1 New Product Launches
    11.2 M&A’s, Collaborations, JVs and Partnerships
12.Market Share Analysis Premium
    12.1 Market Share by Country- Top companies
    12.2 Market Share by Region- Top companies
    12.3 Market Share by type of Product / Product category- Top companies
    12.4 Market Share at global level- Top companies
    12.5 Best Practices for companies
13.Friction Modifiers Market- List of Key Companies by Country Premium
14.Friction Modifiers Market Company Analysis
    14.1 Market Share, Company Revenue, Products, M&A, Developments
    14.2 Company 1
    14.3 Company 2
    14.4 Company 3
    14.5 Company 4
    14.6 Company 5
    14.7 Company 6
    14.8 Company 7
    14.9 Company 8
    14.10 Company 9
    14.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Friction Modifiers Market By Type Market 2019-2024 ($M)
1.1 Organic Friction Modifiers Market 2019-2024 ($M) - Global Industry Research
1.1.1 Fatty Acids Market 2019-2024 ($M)
1.1.2 Esters & Amides Market 2019-2024 ($M)
1.1.3 Functional Polymers Market 2019-2024 ($M)
1.2 Inorganic Friction Modifiers Market 2019-2024 ($M) - Global Industry Research
1.2.1 Molybdenum Compounds Market 2019-2024 ($M)
1.2.2 Nanoparticles Market 2019-2024 ($M)
2.Global Friction Modifiers Market By Type Market 2019-2024 (Volume/Units)
2.1 Organic Friction Modifiers Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 Fatty Acids Market 2019-2024 (Volume/Units)
2.1.2 Esters & Amides Market 2019-2024 (Volume/Units)
2.1.3 Functional Polymers Market 2019-2024 (Volume/Units)
2.2 Inorganic Friction Modifiers Market 2019-2024 (Volume/Units) - Global Industry Research
2.2.1 Molybdenum Compounds Market 2019-2024 (Volume/Units)
2.2.2 Nanoparticles Market 2019-2024 (Volume/Units)
3.North America Friction Modifiers Market By Type Market 2019-2024 ($M)
3.1 Organic Friction Modifiers Market 2019-2024 ($M) - Regional Industry Research
3.1.1 Fatty Acids Market 2019-2024 ($M)
3.1.2 Esters & Amides Market 2019-2024 ($M)
3.1.3 Functional Polymers Market 2019-2024 ($M)
3.2 Inorganic Friction Modifiers Market 2019-2024 ($M) - Regional Industry Research
3.2.1 Molybdenum Compounds Market 2019-2024 ($M)
3.2.2 Nanoparticles Market 2019-2024 ($M)
4.South America Friction Modifiers Market By Type Market 2019-2024 ($M)
4.1 Organic Friction Modifiers Market 2019-2024 ($M) - Regional Industry Research
4.1.1 Fatty Acids Market 2019-2024 ($M)
4.1.2 Esters & Amides Market 2019-2024 ($M)
4.1.3 Functional Polymers Market 2019-2024 ($M)
4.2 Inorganic Friction Modifiers Market 2019-2024 ($M) - Regional Industry Research
4.2.1 Molybdenum Compounds Market 2019-2024 ($M)
4.2.2 Nanoparticles Market 2019-2024 ($M)
5.Europe Friction Modifiers Market By Type Market 2019-2024 ($M)
5.1 Organic Friction Modifiers Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Fatty Acids Market 2019-2024 ($M)
5.1.2 Esters & Amides Market 2019-2024 ($M)
5.1.3 Functional Polymers Market 2019-2024 ($M)
5.2 Inorganic Friction Modifiers Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Molybdenum Compounds Market 2019-2024 ($M)
5.2.2 Nanoparticles Market 2019-2024 ($M)
6.APAC Friction Modifiers Market By Type Market 2019-2024 ($M)
6.1 Organic Friction Modifiers Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Fatty Acids Market 2019-2024 ($M)
6.1.2 Esters & Amides Market 2019-2024 ($M)
6.1.3 Functional Polymers Market 2019-2024 ($M)
6.2 Inorganic Friction Modifiers Market 2019-2024 ($M) - Regional Industry Research
6.2.1 Molybdenum Compounds Market 2019-2024 ($M)
6.2.2 Nanoparticles Market 2019-2024 ($M)
7.MENA Friction Modifiers Market By Type Market 2019-2024 ($M)
7.1 Organic Friction Modifiers Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Fatty Acids Market 2019-2024 ($M)
7.1.2 Esters & Amides Market 2019-2024 ($M)
7.1.3 Functional Polymers Market 2019-2024 ($M)
7.2 Inorganic Friction Modifiers Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Molybdenum Compounds Market 2019-2024 ($M)
7.2.2 Nanoparticles Market 2019-2024 ($M)

LIST OF FIGURES

1.US Friction Modifiers Market Revenue, 2019-2024 ($M)
2.Canada Friction Modifiers Market Revenue, 2019-2024 ($M)
3.Mexico Friction Modifiers Market Revenue, 2019-2024 ($M)
4.Brazil Friction Modifiers Market Revenue, 2019-2024 ($M)
5.Argentina Friction Modifiers Market Revenue, 2019-2024 ($M)
6.Peru Friction Modifiers Market Revenue, 2019-2024 ($M)
7.Colombia Friction Modifiers Market Revenue, 2019-2024 ($M)
8.Chile Friction Modifiers Market Revenue, 2019-2024 ($M)
9.Rest of South America Friction Modifiers Market Revenue, 2019-2024 ($M)
10.UK Friction Modifiers Market Revenue, 2019-2024 ($M)
11.Germany Friction Modifiers Market Revenue, 2019-2024 ($M)
12.France Friction Modifiers Market Revenue, 2019-2024 ($M)
13.Italy Friction Modifiers Market Revenue, 2019-2024 ($M)
14.Spain Friction Modifiers Market Revenue, 2019-2024 ($M)
15.Rest of Europe Friction Modifiers Market Revenue, 2019-2024 ($M)
16.China Friction Modifiers Market Revenue, 2019-2024 ($M)
17.India Friction Modifiers Market Revenue, 2019-2024 ($M)
18.Japan Friction Modifiers Market Revenue, 2019-2024 ($M)
19.South Korea Friction Modifiers Market Revenue, 2019-2024 ($M)
20.South Africa Friction Modifiers Market Revenue, 2019-2024 ($M)
21.North America Friction Modifiers By Application
22.South America Friction Modifiers By Application
23.Europe Friction Modifiers By Application
24.APAC Friction Modifiers By Application
25.MENA Friction Modifiers By Application
26.Lubrizol Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Afton Chemical Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Infineum International Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Chevron Oronite Company LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Croda International PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Chemtura Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.BRB International BV, Sales /Revenue, 2015-2018 ($Mn/$Bn)