Friction Modifier Additives Market Analysis: Global Industry Size, Growth and Forecast
Report ID : 1320656 | Published : January 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Friction Modifier Additives Market is categorized based on Type (Organic Friction Modifiers, Inorganic Friction Modifiers) and Application (Automotive, Industrial, Aerospace, Marine, Others) and End User (OEMs, Aftermarket) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
Valued at $1.2 billion in 2023, the Friction Modifier Additives Market size is expected to grow to $2.1 billion by 2033, with a CAGR of 6.0% from 2024 to 2033. The report comprises various segments and analyzes the trends and factors playing a substantial role in the market.
The above mentioned industries are rapidly expanding, and they are now beginning to orient themself around their efficiency as well as their performance which in turn has been positively correlated for the growth of For Australia , New Zealand , Canada and United States Friction Modifier Additives market. As a result of optimizing the additives fuel efficiency and reducing The wear and tear of mechanical systems, the demand for advanced friction modifier additives has increased in numerous verticals including automotive, consumer goods, and industrial machinery. The aforementioned southeast Asian regions of Europe are also experiencing a surge in the demand for additives.
In order for lubricants to be manufactured, friction modifier additives are used which in turn make the equipment work better and last longer. Due to the current global demand for green energy, this industry has a lot of potential for growth, regulation alterations are for instance one of the factors that are driving the friction modifier industry on a global scale. Certain compounds are being worked on and developed that have both the potential to meet strict performance requirements as well as be sustainable which will facilitate change. This shift in demand has created a truly dynamic environment for players in this market which for the macromolecule polymer sector can mean opportunities as well as threats.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | BASF SE, Chevron Oronite Company LLC, Evonik Industries AG, Afton Chemical Corporation, Clariant AG, Troy Corporation, Additiv Chemie Luers GmbH, Fuchs Petrolub SE, Ingevity Corporation, Royal Dutch Shell plc, LyondellBasell Industries N.V. |
| SEGMENTS COVERED |
By Type - Organic Friction Modifiers, Inorganic Friction Modifiers
By Application - Automotive, Industrial, Aerospace, Marine, Others
By End User - OEMs, Aftermarket
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Friction Modifier Additives Market Dynamics
The Friction Modifier Additives Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Friction Modifier Additives Market Segmentations
Market Breakup by Type
- Overview
- Organic Friction Modifiers
- Inorganic Friction Modifiers
Market Breakup by Application
- Overview
- Automotive
- Industrial
- Aerospace
- Marine
- Others
Market Breakup by End User
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Friction Modifier Additives Market
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- BASF SE
- Chevron Oronite Company LLC
- Evonik Industries AG
- Afton Chemical Corporation
- Clariant AG
- Troy Corporation
- Additiv Chemie Luers GmbH
- Fuchs Petrolub SE
- Ingevity Corporation
- Royal Dutch Shell plc
- LyondellBasell Industries N.V.
Customization Options
Verified Industry Insights offers one of the following report customization options to our respectable clients :
Company Profiling
● Detailed profiling of additional market players (up to three players)
● SWOT analysis of key players (up to three players)
Competitive Benchmarking
● Benchmarking of key players on the following parameters : Product portfolio, geographical reach, regional presence, and strategic alliances.
Custom Research
Verified Industry Insights offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected] or call us at +1 743 222 5439
© 2024 Verified Industry Insights. All Rights Reserved