Friction Modifiers Market by Type (Organic and Inorganic), Application (Transportation Lubricants (Commercial Vehicle, Passenger Vehicle, Aviation, Marine), and Industrial Lubricants), By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa): Global Opportunity Analysis and Industry Forecast, 2021–2027.
Friction Modifiers Market
The market for friction modifiers was valued at USD 815.3 million in 2016 and is anticipated to grow at a CAGR of 3.6 percent to reach USD 1,004.3 million by 2022. The forecast period runs from 2017 through 2022, with 2016 serving as the study's base year. In order to manage the frictional qualities of lubricants by lowering the coefficient of friction, antifriction additives are lubricant additives that are added to base oil. Less fuel is consumed as a result, improving fuel efficiency. Alcohols, carboxylic acids, fatty acid esters, sulfurized fatty acids, esters & amides, molybdenum compounds, and functional polymers make up antifriction additives. They give the equipment superior lubricity and longer life, which is anticipated to drive the market in between the given forecast period.
Market Drivers Vehicle production and sales have increased significantly over time in the automotive sector. APAC and North America, among other places, are currently experiencing a time of great expansion in the automobile sector, and the annual sales of vehicles have climbed dramatically. The development of the automobile sector in APAC and North America has been propelled by technological improvements. As a result, the worldwide demand for vehicles is being directly impacted by the major markets' rising vehicle output. This is thought to be a contributing element to the friction modifier market's expansion.
Market Restraints
There are certain limitations & barriers endured that will restrict the market growth. The factors such as Rise in demand for alternate fuels due to the increase in automobile industry etc has led to the declining of market as the production can’t scope with the on going demand.
Market Segmentation
By Type the market is segmented into Organic and Inorganic and by Application Transportation Lubricants and Industrial Lubricants.
Regional Analysis
Frictioners Modifiers Market segmented into five regions such as North America, Latin America, Europe, APAC, and MEA.North america and APAC region is expected to have a major growth in the market. APAC and North America, among other places, are currently experiencing a time of great expansion in the automobile sector, and the annual sales of vehicles have climbed dramatically. The development of the automobile sector in APAC and North America has been propelled by technological improvements.Key Players
Key Players in the market are Lubrizol (US), Afton (US), Infineum (UK), Chevron Oronite (US), Croda (UK), Chemtura (Germany), BASF (Germany), Kings Industries (US), BRB International (Netherlands), and Vanderbilt Chemicals (US).
Market Taxonomy
By Type
By Application
By Region
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Friction Modifiers Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Friction Modifiers Market, By Type
- 5.1 Y-o-Y Growth Comparison, By Type
- 5.2 Friction Modifiers Market Share Analysis, By Type
- 5.3 Friction Modifiers Market Size and Forecast, By Type
- 5.3.1 Organic Friction Modifiers
- 5.3.2. Inorganic Friction Modifiers
- 6 Friction Modifiers Market, By Application
- 6.1 Y-o-Y Growth Comparison, By Application
- 6.2 Friction Modifiers Market Share Analysis, By Application
- 6.3 Friction Modifiers Market Size and Forecast, By Application
- 6.3.1 Transportation Lubricants
- 6.3.2 Industrial Lubricants
- 7 Friction Modifiers Market, By Region
- 7.1 Friction Modifiers Market Share Analysis, By Region
- 7.2 Friction Modifiers Market Share Analysis, By Region
- 7.3 Friction Modifiers Market Size and Forecast, By Region
- 8 North America Isostatic Pressing Market Analysis and Forecast (2021-2027)
- 8.1 Introduction
- 8.2 North America Isostatic Pressing Market Share Analysis, By Type
- 8.3 North America Isostatic Pressing Market Size and Forecast, By Application
- 8.4 North America Isostatic Pressing Market Size and Forecast, By Country
- 8.4.1 U.S.
- 8.4.2 Canada
- 8.4.3 Mexico
- 9 Europe Isostatic Pressing Market Analysis and Forecast (2021-2027)
- 9.1 Introduction
- 9.2 Europe Isostatic Pressing Market Share Analysis, By Type
- 9.3 Europe Isostatic Pressing Market Size and Forecast, By Application
- 9.4 Europe Isostatic Pressing Market Size and Forecast, By Country
- 9.4.1 Germany
- 9.4.2 France
- 9.4.3 UK
- 9.4.4 Rest of Europe
- 10 Asia Pacific Isostatic Pressing Market Analysis and Forecast (2021-2027)
- 10.1 Introduction
- 10.2 Asia Pacific Isostatic Pressing Market Share Analysis, By Type
- 10.3 Asia Pacific Isostatic Pressing Market Size and Forecast, By Application
- 10.4 Asia Pacific Isostatic Pressing Market Size and Forecast, By Country
- 10.4.1 China
- 10.4.2 Japan
- 10.4.3 India
- 10.4.4. Rest of Asia Pacific
- 11 Latin America Isostatic Pressing Market Analysis and Forecast (2021-2027)
- 11.1 Introduction
- 11.2 Latin America Isostatic Pressing Market Share Analysis, By Type
- 11.3 Latin America Isostatic Pressing Market Size and Forecast, By Application
- 11.4 Latin America Isostatic Pressing Market Size and Forecast, Country
- 11.4.1 Brazil
- 11.4.2 Rest of Latin America
- 12 Middle East Isostatic Pressing Market Analysis and Forecast (2021-2027)
- 12.1 Introduction
- 12.2 Middle East Isostatic Pressing Market Share Analysis, By Type
- 12.3 Middle East Isostatic Pressing Market Size and Forecast, By Application
- 12.5 Middle East Isostatic Pressing Market Size and Forecast, By Country
- 12.5.1 Saudi Arabia
- 12.5.2. UAE
- 12.5.3 Egypt
- 12.5.4 Kuwait
- 12.5.5 South Africa
- 13 Competitive Analysis
- 13.1 Competition Dashboard
- 13.2 Market share Analysis of Top Vendors
- 13.3 Key Development Strategies
- 14 Company Profiles
- 14.1 Lubrizol Corporation
- 14.1.1 Overview
- 14.1.2 Applications
- 14.1.3 Key Financials
- 14.1.4 Business Segment & Geographic Overview
- 14.1.5 Key Market Developments
- 14.1.6 Key Strategies
- 14.2 F Afton Chemical Corporation
- 14.2.1 Overview
- 14.2.2 Applications
- 14.2.3 Key Financials
- 14.2.4 Business Segment & Geographic Overview
- 14.2.5 Key Market Developments
- 14.2.6 Key Strategies
- 14.3 Infineum International Limited
- 14.3.1 Overview
- 14.3.2 Applications
- 14.3.3 Key Financials
- 14.3.4 Business Segment & Geographic Overview
- 14.3.5 Key Market Developments
- 14.3.6 Key Strategies
- 14.4 Chevron Oronite Company LLC
- 14.4.1 Overview
- 14.4.2 Applications
- 14.4.3 Key Financials
- 14.4.4 Business Segment & Geographic Overview
- 14.4.5 Key Market Developments
- 14.4.6 Key Strategies
- 14.5 Croda International PLC
- 14.5.1 Overview
- 14.5.2 Applications
- 14.5.3 Key Financials
- 14.5.4 Business Segment & Geographic Overview
- 14.5.5 Key Market Developments
- 14.5.6 Key Strategies
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