Global Friction Modifiers
Market Report
2025
The friction modifiers market was valued at USD 1.04 billion in 2022 and will reach USD 1.48 billion by 2030, registering a CAGR of 4.5% for the forecast period 2023-2030.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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The friction modifiers market was valued at USD 1.04 billion in 2022 and will reach USD 1.48 billion by 2030, registering a CAGR of 4.5% for the forecast period 2023-2030.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Friction Modifiers Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 4.5% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Friction Modifiers Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Polar molecules, known as friction modifiers, are added to lubricants to reduce surface contacts like rolling and sliding that occurs in machines. These are commonly referred to as boundary lubrication additives. For example, utilizing extreme-pressure or anti-wear additives can prove to be too harsh for the softer yellow metals when worm gears are involved. To mitigate this, friction modifiers are added to improve the oil's lubricity. An automated gearbox uses a single fluid to perform multiple functions, such as lubrication and hydraulic power transfer. To ensure that the friction bands and clutches in the gearbox work efficiently, friction is necessary. However, friction modifiers are also required to make the change in speed smoother. Without these modifiers, the clutches and bands would produce an unpleasant sound and could potentially damage the vehicle, causing inconvenience to the driver.
The transportation industry's growth has led to increased global use of lubricants, which has expanded the market for friction modifiers. The demand for friction modifiers is expected to rise in emerging economies like India and South Korea, driving the market's expansion worldwide. In developed markets like North America and Europe, regulations requiring the use of energy-efficient lubricants in automotive manufacturing will also impact the call for friction modifiers. Friction modifiers, also known as anti-friction additives, are expected to benefit from the potential expansion of the automotive sector and rapid industrialization in developing countries. The growing consumption of motor oil is another trend expected to positively impact the worldwide market for friction modifiers. Friction modifiers are primarily used in motor oils to prolong the life of automobile engines, and the APAC region's automotive industry's expansion is predicted to increase motor oil consumption, driving the friction modifier market's growth at a CAGR of nearly 4% in the foreseeable future.
The automotive industry's use of friction modifiers may face obstacles due to the growing adoption of alternative fuels and the increasing demand for electric cars, which could limit the global market's expansion. Since electric vehicles rely on direct current electricity and do not require combustion engines powered by petrol or diesel, friction modifiers are unnecessary.
The COVID-19 pandemic was caused by the SARS-CoV-2 virus, which was first identified in Wuhan, China. The severity of the virus's symptoms can vary based on the individual's immune system. Chronically ill patients are at higher risk when exposed to the virus. In March 2020, the World Health Organisation declared COVID-19 a pandemic, leading to severe lockdown measures being implemented worldwide. As a result, supply chains and manufacturing were disrupted, causing significant difficulties for key players in various industries, including the friction modifier market. Before the pandemic, the market was experiencing growth, but due to the disruption, shares dropped sharply. However, with the government's recent unlocking guidelines, activities are returning to normal, and the market's growth rate is expected to improve.
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This announcement represents a first step toward offering a comprehensive portfolio of products and solutions to rail and mining customers. It will provide an opportunity to form a partnership and expand commercial relationships with a world-class organization to drive accretive growth for shareholders, promote proprietary products and technologies to customers, and increase capacity utilization at Whitmore's existing manufacturing facility.
Top Companies Market Share in Friction Modifiers Industry: (In no particular order of Rank)
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The friction modifier market in the Asia-Pacific region is presently the largest and is expected to maintain this status during the forecast period. This is mainly due to the presence of major automobile industry centers such as China, Japan, South Korea, and India, which give the region a dominant position in the global market.
The current report Scope analyzes Friction Modifiers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Friction Modifiers Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Friction Modifiers Industry growth. Friction Modifiers market has been segmented with the help of its Type, Application , and others. Friction Modifiers market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The inorganic friction modifiers segment held the largest revenue in the market:
During the projected period, the inorganic category of the friction modifiers market is expected to experience the highest CAGR. The reason behind this increase is credited to the exceptional performance and friction reduction provided by inorganic friction modifiers. Furthermore, these supplements are more cost-effective than organic friction modifiers. The inorganic friction modifiers market is projected to expand rapidly over the estimated period
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The transportation lubricants segment held the largest revenue in the market
The market is divided into three segments: transportation lubricants, automotive, and engineering vehicles. The transportation lubricants segment, which is frequently used in friction modifiers, is expected to experience the highest growth during the forecast period. The growing sales of commercial and passenger vehicles are driving the increased usage of lubricants. Furthermore, the rise in seaborne trade, which has lower freight rates than airborne trade, is contributing to the increasing demand for marine lubricants. These factors are boosting the growth of this market segment.
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The Global Friction Modifiers Market is witnessing significant growth in the near future.
In 2023, the Organic segment accounted for noticeable share of global Friction Modifiers Market and is projected to experience significant growth in the near future.
The Transportation Lubricants segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Cabot Corporation , Nutec Digital Ink and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Type | Organic, Inorganic |
Application | Transportation Lubricants, Industrial Lubricants |
List of Competitors | Cabot Corporation, Wikoff Color Corporation, Nutec Digital Ink, Toyo Ink Co. Ltd., Sun Chemical, INX International Ink Co, Sensient Imaging Technologies, Siegwerk Druckfarben AG & Co. KgaA, Others |
This chapter will help you gain GLOBAL Market Analysis of Friction Modifiers. Further deep in this chapter, you will be able to review Global Friction Modifiers Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Friction Modifiers. Further deep in this chapter, you will be able to review North America Friction Modifiers Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Friction Modifiers. Further deep in this chapter, you will be able to review Europe Friction Modifiers Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Friction Modifiers. Further deep in this chapter, you will be able to review Asia Pacific Friction Modifiers Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Friction Modifiers. Further deep in this chapter, you will be able to review South America Friction Modifiers Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Friction Modifiers. Further deep in this chapter, you will be able to review Middle East and Africa Friction Modifiers Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Friction Modifiers. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Friction Modifiers market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Organic have a significant impact on Friction Modifiers market? |
What are the key factors affecting the Organic and Inorganic of Friction Modifiers Market? |
What is the CAGR/Growth Rate of Transportation Lubricants during the forecast period? |
By type, which segment accounted for largest share of the global Friction Modifiers Market? |
Which region is expected to dominate the global Friction Modifiers Market within the forecast period? |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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