Organic Friction Modifier Additives Market - Forecast(2023 - 2028)

Organic Friction Modifier Additives Market Overview

The organic friction modifier additives market globally is forecast to reach US$ 590 million by 2027 growing at a CAGR of 4.8% during 2022-2027. Organic friction modifier additives find their extensive uses for reducing friction and increasing lubricity in various automobile applications such as engine oils, clutch applications, transmissions, etc. The automobile industry is booming globally with increasing production and sales of automobiles and this will drive the growth of the market in the forecast period. For instance, as per the July 2021 report by the European Automobile Manufacturers Association, registration in passenger cars jumped by 25.2% in the first of 2021 in the European region. Furthermore, organic friction modifier additives are increasingly used in the lubricant formulation of aircraft and jet engine oils in the aerospace sector. The aerospace industry is expanding globally with increasing production and this will drive the growth of the market in the forecast period. As per the Commercial Market Outlook 2021-2040 report by Boeing, the global commercial fleet will reach 49,000 airplanes by 2040. The polymers additives will witness the highest demand in the forecast period. Fatty acids will witness significant demand in the market. The stringent environmental regulation regarding the use of organic molybdenum dithiocarbamate modifier might hinder the growth of the market in the forecast period.

COVID-19 Impact

The organic friction modifier additives market was moderately impacted by the COVID-19 pandemic. The growth of the market slowed down as the supply chain got disrupted and procurement of raw material was difficult during the pandemic. Market players had to implement new work strategies to keep their businesses afloat. As per the December 2020 COVID-19 report by Lanxess AG, the business was on course amid the pandemic owing to the timely decisions by the company. The business in the market was also slowed down due to the stagnant growth in the automobile sector. Going forward, the market will witness significant demand owing to the expanding automobile and aerospace sector.

Organic Friction Modifier Additives Market Report Coverage

The report: “Organic Friction Modifier Additives Market Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Organic Friction Modifier Industry. 

By Type: Polymers, Esters and Amides, Glycerol Mono-Oleate, Oleyl Amide, Fatty Acids, Others

By End Use Industry: Automotive, Passenger Vehicle, Commercial Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle, Industrial, Aerospace, Forestry, Marine, Railway, Energy and Power, Agriculture, Others

By Geography: North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of Asia Pacific), South America (Brazil, Argentina, Colombia and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways:

• The polymers additives are leading the organic friction modifier additives market. This type of modifier additives provides superior benefits in reducing friction in the boundary and mixed lubrication regimes, making them a desirable choice in the market.
  
• The automobile sector will drive the growth of the market in the forecast period. According to the July 2021 data by the European Automobile Manufacturers Association, registrations in the passenger cars segment surged by 10.4% in June 2021 compared to the registrations done in June 2020.
  
• The Asia-Pacific region will witness the highest demand for organic friction modifier additives owing to the expanding automobile sector in the region. For instance, according to the data by the China Association of Automobile Manufacturers, the production of passenger vehicles in China touched 1.767 million units in September 2021, jumping 18.1% month on month.
  

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Organic Friction Modifier Additives Market - By Type

The polymers additives segment dominated the organic friction modifier additives market in 2021 and is growing at a CAGR of 5.2% in the forecast period. Polymeric organic friction modifier additives exhibit excellent friction-reducing properties in a wide range of engine oils. The polymers additives allow formulators to achieve the more demanding targets of improved fuel economy and reduced emissions. Owing to such robust properties, more research works are taking place in the polymers additives portfolio. Polymer-based organic friction modifier is used for enhancing lubrication efficiency and reducing energy consumption in the boundary-lubrication regime. Such high implementation of polymers additives will increase their demand in the organic friction modifier additives market during the forecast period. Fatty acids will witness significant demand in the forecast period.

Organic Friction Modifier Additives Market - By End Use Industry

The automobile industry dominated the organic friction modifier additives market in 2021 and is growing at a CAGR of 5.6% in the forecast period. Organic friction modifier additives such as polymer additives and fatty acids are used in the automobile industry for the lubrication of various automobile components. The automobiles demand is booming globally with the increase in production and sales units and this will drive the growth of the market in the forecast period. For instance, according to the October 2021 report by Maruti Suzuki, total sales in the mini and compact segment stood at 471,089 units between April-October in 2021-22 which was 430,851 units between April-October in 2020-21. Similarly, according to the July 2021 statistics by the European Automobile Manufacturers Association, in June 2021, passenger cars registrations increased with Germany witnessing the highest growth in the passenger cars segment with a 24.5% surge, followed by Spain (+17.1%) and Italy (+12.6%). Such massive growth in automobiles production globally will augment the higher use of organic friction modifier additives for lubrication of various automobile components which in turn will contribute to the market’s growth in the forecast period. The aerospace industry is projected to drive the growth of the market significantly in the forecast period.

Organic Friction Modifier Additives Market - By Geography

The Asia-Pacific region held the largest share in the organic friction modifier additives market in 2021 with a market share of up to 34%. The high demand for organic friction modifier additives in this region is attributed to their high uses in the booming automobile industry. As per the data by the China Association of Automobile Manufacturers, in September 2021, production of commercial vehicles reached 310000 units in China, surging 35.5% month on month. Similarly, as per the statistics by the India Brand Equity Foundation, sales in the Indian passenger vehicles increased as 261,633 units sold in April 2021, acquiring a market share of 12.9%. Such huge growth in the automobile sector in the region will amplify the higher utilization of organic friction modifier additives. The industrial sector will witness significant demand for organic friction modifier additives in the forecast period.

Organic Friction Modifier Additives Market – Drivers

The booming automobile sector will drive the growth of the market

Expanding aerospace sector will drive the growth of the market

Organic friction modifier additives are vastly associated with the aerospace sector as these additives are used for the lubrication of various aircraft components. The aerospace sector is expanding globally with increasing aircraft and this will contribute to the growth of the market in the forecast period. For instance, as per the Boeing’s World Air Cargo Forecast 2020-2039 report, 2430 freighters are forecast to be delivered by 2039. Similarly, according to the November 2021 data by Airbus, the company foresees demand for 39000 new freighters and passenger aircraft by 2040. Such massive expansion in the aerospace sector will increase the higher uses of organic friction modifier additives in the lubrication application which will contribute to the growth of the market in the forecast period.

Organic Friction Modifier Additives Market – Challenges

Strict regulations regarding the use of organic molybdenum dithiocarbamate might affect the market’s growth

Molybdenum dithiocarbamate is an indispensable lubricating friction modifier additive that has always been closely monitored by government bodies and this might affect the growth of the market in the forecast period. With the stringent global environmental requirements, the use of molybdenum dithiocarbamate has been under the scanner owing to its adverse effects on the environment. The August 2021 article by ScienceDirect states that it is urgent to implement excellent tribological properties of eco-friendly organic molybdenum friction modifiers. Such restrictions in the molybdenum dithiocarbamate modifier additive might affect the growth of the market in the forecast period.

Organic Friction Modifier Additives Industry Outlook

Investment in R&D activities, acquisitions, product and technology launches are key strategies adopted by players in the organic friction modifier additives market. Major players in the organic friction modifier additives market are:

• Lanxess AG
• International Lubricants Inc
• Croda Technologies
• Afton Chemical Corporation
• BASF
• Celanese Corporation
• Multisol
• DOW Chemicals
• Others

Recent Developments

• In April 2019, Lanxess AG launched its new organic lubricant additive Additin RC 3502 for passenger cars and high-performance engine oils. Such developments will expand the organic friction modifier additives portfolio in the forecast period.

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