Friction modifier is polar molecules which are added to lubricants to reduce the light
surface contacts for instance sliding and rolling of a machine design. They are
also known as boundary lubrication additives. They work by forming an easily shearable film on metal
surfaces. They serve various purposes based on the application. They are used
in combustion engines to lower the amount of friction to enhance fuel economy.
They are also used in automatic transmission and industrial applications to
reduce slippage besides controlling friction & maximizing efficiency. They are classifies in two types: organic and
inorganic friction modifiers.
According to study, “Global Friction Modifier Market Status (2015-2019) and
Forecast (2020-2024) by Region, Product Type & End-Use”
the key companies operating in the global friction modifier market are Lubrizol
Corporation, Chevron Oronite Company LLC, Afton Chemical Corporation, Croda
International PLC, BASF SE, Infineum International Limited, PMC Biogenix, Inc.,
Chemtura Corporation, BRB International BV, Kings Industries, Inc., Vanderbilt
Chemicals, LLC, Abitec Corporation, Wynn’s, Adeka Corporation, Nyco SA, Dog
Deutsche Oelfabrik Gesellschaft Für Chemische Erzeugnisse Mbh & Co. Kg,
Akzonobel N.V., CSW Industrials Inc., Archoil, Multisol Ltd. Key manufacturers
are increasing their manufacturing capacities in emerging regions like
Asia-Pacific and this is anticipated to have a positive effect on the growth of
the friction modifier additives market.
Based on type, friction modifier market is segmented into organic friction
modifiers and inorganic friction modifiers. Organic friction modifiers include esters
& amides, fatty acids, and functional polymers. Inorganic friction
modifiers include molybdenum compounds and nanoparticles (metal oxides,
graphite). Organic friction modifiers segment holds major share in market owing
to its versatility and environment-friendly properties. Based on function,
market is segmented into slippage reduction, friction reduction, and others. Based
on distribution channel, market is segmented into online sales channel and
offline sales channel. In addition, based on application, market is segmented
into industrial lubricants and transportation lubricants. Transportation
lubricant includes passenger vehicle lubricants, commercial vehicle lubricants,
marine lubricants and aviation lubricants.
The friction
modifier market is driven by high growth in automotive industry, followed
by rise in advancement in the transportation industry across the globe and
increase in demand for fuel efficient lubricants. However, high cost of
production and shift in trend toward the usage of alternative fuel sources may
impact the market. Moreover, growth in development in friction modifier
additive technologies and rise in number of stringent environmental regulations
are key opportunities for market. Furthermore, high demand of inorganic
friction modifier due to its cheap price is a major trend for market.
Based on geography, the Asian-Pacific region
dominates the friction modifier market
owing to rise in maintenance awareness of vehicles in consumers and rapid
industrialization & increase in disposable income in the region. Whereas,
the North-American and European regions are estimated to exhibit higher CAGR
due to growth in vehicle & automotive industry and presence of key
manufacturers over the forecast period. In upcoming years, it is predicted that
future of the market will be bright as a result of increase in investment of
individuals towards maintenance of their vehicles and rise in government
awareness regarding the green environmental policies & raw material
availability during the forecast period.
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Ankur Gupta, Head Marketing & Communications
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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
