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Friction Modifier Additives Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Friction Modifier Additives Market grew at a CAGR of 3.9% between 2017-2021 and is estimated to be US$ 1,209.8Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.7% and is expected to reach a valuation of US$ 1,915.1Mn by 2032 end.
The strong automotive sector and a sizable volume of passenger car production are the main drivers of the global friction modifier additives market. Chemicals or substances known as “friction modifier additives” are added to lubricants to lessen friction and wear on machine parts.
Particularly in the boundary lubrication regime, where they prevent solid surfaces from coming into direct touch, minimizing friction and wear, they have grown increasingly important.
The demand for friction modifier additives in the market will continue to be driven by the growing emphasis on minimizing friction in lubricated machine components to improve machines’ energy efficiency and extend their life. The organic friction modifier additives segment is predicted to retain the largest proportion of the worldwide market in terms of product type.
Market Dynamic
GROWING DEMAND FOR AUTOMOTIVE LUBRICANTS WORLDWIDE
The oil’s rheological characteristics must be altered to lessen friction caused by lubricant churning and pumping. The engine fluids with high and low viscosity friction modifiers are used to achieve this.
The global automotive industry is expanding quickly, and there is growing interest in reducing friction in lubricated automotive parts to improve vehicle efficiency. These factors are driving growth in the market for friction modifier additives, and the trend is anticipated to last throughout the forecast period.
Automakers constantly emphasize advanced oil additives to improve fuel economy and reduce pollution regulations. Manufacturers of friction modifier additives and lubricant formulators are working together to develop enhanced engine oil formulation.
PENETRATION OF BATTERY-POWERED ELECTRIC VEHICLES WOULD SIGNIFICANTLY REDUCE THE DEMAND FOR VEHICLE LUBRICANTS, WHICH, IN TURN, WILL HAMPER THE FRICTION MODIFIER ADDITIVES MARKET
Over the next ten years, it seems likely that shifting trends toward the electrification of road passenger transport will become increasingly significant as more countries implement laws to reduce carbon, particulate, and other emissions.
According to the study, the recent Paris Agreement signing, rising air quality concerns, and the diesel emissions crisis have all led to curbs on diesel or fossil fuel use. France will likewise restrict all gasoline and diesel vehicles by 2040, while Athens, Madrid, and Mexico City have stated their intentions to ban all diesel cars and vans by 2025.
For instance, Volvo has stated that it will no longer manufacture new diesel engines after 2019. Electric vehicles driven by batteries would dramatically reduce the need for motor oil, hurting the economy.
GROWING ADOPTION OF DUAL-CLUTCH TRANSMISSIONS, A PASSENGER CAR IS EXPECTED TO SERVE MAJOR GROWTH OPPORTUNITIES TO THE MARKET OF FRICTION MODIFIER ADDITIVES
The market for friction modifier additives is anticipated to experience significant expansion due to the increasing usage of dual-clutch transmissions, which are used in passenger cars that are popular in Western Europe, China, and the United States. These compounds give the dual-clutch complex frictional qualities. It also guarantees coordinated performance and protects the gear components. Therefore, increased use of friction modifier chemicals in dual-clutch transmissions is anticipated to fuel market expansion.
It is anticipated that the market will experience tremendous growth due to the rising demand for optimized fuel efficiency to lower friction in a thin layer and mixed lubrication conditions. Shear thinning is a feature that friction modifier additives provide, helping to increase fuel efficiency. Shear-thinning has financial advantages, particularly in diverse lubrication operations. Consequently, the rising need for optimized fuel economy will favor the market growth
Market Segments Covered in Report
By Product Type:
By Application:
By Region and Country:
Segment-Wise Analysis
Which is the most common application of friction modifier additives?
Due to the global automotive industry’s rapid growth, the lubricants segment for cars owns the greatest proportion of the market for friction modifier additives globally. However, over the projected period, the demand for friction modifier additives is anticipated to demonstrate encouraging growth in the power-generating sector.
Region-Wise Analysis
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Competition Analysis
Producing friction modifier additives with improved anti-wear and anti-oxidation qualities that can drastically cut fuel consumption and CO2 emissions is a focus for some major market players. Additionally, they are expanding their range of products by incorporating metal-free additives, which may be used to create high-quality solutions for various applications.
The recent developments in the Global Friction Modifier Additives Market:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
| Research Scope | Details |
| Forecast period | 2022-2032 |
| Historical data available for | 2017-2021 |
| Market analysis | USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032 |
| Key regions covered | North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa |
| Key countries covered | US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt |
| Key segments covered | By Product Type, Application, and Region |
| Customization scope | Available upon Request |
| Pricing and purchase options | Available upon Request |
Market Size Data
Market Background
Pricing Analysis
Value Chain Analysis
Competition Analysis
Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.7%.
Growing demand for automotive lubricants worldwide are responsible for market rise.
Major global Friction Modifier Additives Market players are Adeka Corp, BRB International BV, King Industries Inc, Croda International Inc., Chevron Corp, Lubrizol Corporation, BASF SE, Afton Chemicals Corporation, CSW Industrial, Wynn’s, Dorf Ketal, DOG Chemie, ABITEC, Lanxess
Growing adoption of dual-clutch transmissions, a passenger car is expected to serve major growth opportunities to the market of friction modifier additives
Asia Pacific Region is expected to account for the largest market revenue share in the Global Solar Tracker for the Power Generation market.
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