The Friction Modifiers Market is expected to register a CAGR of 4% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by type (organic and inorganic). The report further presents analysis based on application [transportation lubricants (commercial vehicle, passenger vehicle, aviation and marine) and industrial lubricants] and end-use industry (automotive, industrial, marine and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Friction Modifiers Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Friction Modifiers Market Segmentation
Type- Organic
- Inorganic
- Transportation Lubricants
- Industrial Lubricants
- Automotive
- Industrial
- Marine
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Friction Modifiers Market Growth Drivers- High Focus on Fuel Economy and Sustainability: In recent years, the automotive industry has been honing its attention more on fuel economy and going green. Due to more stringent controls about emissions as well as limiting the amount of fuel that can be consumed, manufacturers have readily turned to the use of friction modifiers in lubricants to improve their efficacy end performance. These additives are meant to lower the coefficient of friction in engines and other systems, thereby improving the fuel efficiency. There is a growth in the use of these friction modifiers in transportation lubricants owing to the increased focus on environmentally friendly solutions and adherence to the strict regulations.
- Growth in Demand for Performance-based Lubricants: The western region accounted for the highest share of the global vehicle anti-friction market owing to its extensive automotive industry, with rapid development witnessed especially in the middle-eastern countries. In tandem with increase in automotive production, there is also growth in demand for performance-based lubricants since the current generation of engine assets is built to higher standards. Friction modifiers are essential in enabling the favorable performance of these high performance lubricants across different conditions. One of the major contributors towards the growth of friction modifiers market is the increasing production of passengers and commercial vehicles.
- Wide Scope of Application: Friction modifiers are also becoming more and more popular for industrial use, not just automotive. For example, in manufacturing and machinery which are not necessarily automotive. As this enhances the productivity of the factory, they are also using industrial fricition modyfing additives since industries are oriented towards reducing the maintenance costs. The increasing requirement for high efficiency lubricants in industry is a, for example, friction modifiers market growth supporting factor for the companies instead of loss of production.
- Increasing Demand for the Bio-Based Friction Modifiers: As people become more aware of the importance of environmental sustainability, so too is there an increasing demand for the bio- based friction modifiers. This is because these additives are made from renewable materials, unlike the conventional petroleum based products which are used in bio friction modifiers. There are forces beyond regulations that compel the change to bio-based solutions, for instance, the siring consumer awareness and demand for eco-friendly solutions. These changes are leading to development in lubricant formulation and widens the scope of the market for friction modifiers.
- Use of Nanotechnology: Another area where nanotechnology is taking control is in the friction modifiers market where nano-sized additives are being made to boost the lubricant performance. This is because theses new age modifiers are able to offer better friction reduction and wear protection as compared to regular additives. The use of nanotechnology in lubricant formulations is a current trend that is purported to enhance efficiency and durability in line with the objectives of high performance applications.
- Increased Adoption of Smart Technology: There is an increased adoption of smart technologies such as IoT and AI in the application of friction modifiers in lubricants. These technologies provide the capability to measure lubricant and friction in real time and hence enhance control over the lubricant and its application. Manufacturing companies will be able to improve the quality of their products and dramatically decrease the turnaround time due to changing conditions with the help of data analytically optimizing the friction modifiers, thereby increasing the efficiency of the friction modifiers.
- Enhancements in Product Formulations: There is a vast opportunity for the manufacturers to manufacture formulated friction modifier products for specific application and consumer needs. There are different industries and with their peculiar needs, different companies will make products for enhanced performance and compliance reasons. This strategy will help in improving the attitude of the consumers and their loyalty hence the growth of friction modifiers market.
- Strategic Initiatives such as Product Innovation and Capacity Expansion: New sales avenues for producers of friction modifiers may result from strategic cooperation with automotive industry and manufacturing representatives. Product development and market expansion can be aided through such partnerships. By working with the identified stakeholders in the lubricants industry, organizations will be able to utilize the available resources for effective and faster product development as well as enhance their market competitiveness.
- Rising Demand in Emerging Economies: The friction modifiers market has promising prospects of growth within the emerging economies due to increases in industrialization and automotive production. This is a trend that companies are encouraged to exploit by growing their operations and venturing into these areas. It is possible to engineer demand for performance lubricants and friction modification products by offering region specific products.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Friction Modifiers Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Friction Modifiers Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Based on end-use industry, industrial segment is expected to witness the fastest growth during the forecast period
Based on geography, Asia Pacific held the significant share of the friction modifiers market due to growth in the automotive sector and rising demand for industrial machinery
Development of bio-based friction modifiers is expected to be the key market trends
BASF SE; BRB International BV; Chevron Corporation; Croda International Plc; Infineum International Limited are some of the key players operating in the friction modifiers market
The Friction Modifiers Market is estimated to witness a CAGR of 4% from 2023 to 2031
Expansion of the automotive sector is driving the market growth
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Friction Modifiers Market - By Type
1.3.2 Friction Modifiers Market - By Application
1.3.3 Friction Modifiers Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FRICTION MODIFIERS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. FRICTION MODIFIERS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. FRICTION MODIFIERS MARKET - GLOBAL MARKET ANALYSIS
6.1. FRICTION MODIFIERS - GLOBAL MARKET OVERVIEW
6.2. FRICTION MODIFIERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FRICTION MODIFIERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ORGANIC
7.3.1. Overview
7.3.2. Organic Market Forecast and Analysis
7.4. INORGANIC
7.4.1. Overview
7.4.2. Inorganic Market Forecast and Analysis
8. FRICTION MODIFIERS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. TRANSPORTATION LUBRICANTS
8.3.1. Overview
8.3.2. Transportation Lubricants Market Forecast and Analysis
8.4. INDUSTRIAL LUBRICANTS
8.4.1. Overview
8.4.2. Industrial Lubricants Market Forecast and Analysis
9. FRICTION MODIFIERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Friction Modifiers Market Overview
9.1.2 North America Friction Modifiers Market Forecasts and Analysis
9.1.3 North America Friction Modifiers Market Forecasts and Analysis - By Type
9.1.4 North America Friction Modifiers Market Forecasts and Analysis - By Application
9.1.5 North America Friction Modifiers Market Forecasts and Analysis - By Countries
9.1.5.1 United States Friction Modifiers Market
9.1.5.1.1 United States Friction Modifiers Market by Type
9.1.5.1.2 United States Friction Modifiers Market by Application
9.1.5.2 Canada Friction Modifiers Market
9.1.5.2.1 Canada Friction Modifiers Market by Type
9.1.5.2.2 Canada Friction Modifiers Market by Application
9.1.5.3 Mexico Friction Modifiers Market
9.1.5.3.1 Mexico Friction Modifiers Market by Type
9.1.5.3.2 Mexico Friction Modifiers Market by Application
9.2. EUROPE
9.2.1 Europe Friction Modifiers Market Overview
9.2.2 Europe Friction Modifiers Market Forecasts and Analysis
9.2.3 Europe Friction Modifiers Market Forecasts and Analysis - By Type
9.2.4 Europe Friction Modifiers Market Forecasts and Analysis - By Application
9.2.5 Europe Friction Modifiers Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Friction Modifiers Market
9.2.5.1.1 Germany Friction Modifiers Market by Type
9.2.5.1.2 Germany Friction Modifiers Market by Application
9.2.5.2 France Friction Modifiers Market
9.2.5.2.1 France Friction Modifiers Market by Type
9.2.5.2.2 France Friction Modifiers Market by Application
9.2.5.3 Italy Friction Modifiers Market
9.2.5.3.1 Italy Friction Modifiers Market by Type
9.2.5.3.2 Italy Friction Modifiers Market by Application
9.2.5.4 United Kingdom Friction Modifiers Market
9.2.5.4.1 United Kingdom Friction Modifiers Market by Type
9.2.5.4.2 United Kingdom Friction Modifiers Market by Application
9.2.5.5 Russia Friction Modifiers Market
9.2.5.5.1 Russia Friction Modifiers Market by Type
9.2.5.5.2 Russia Friction Modifiers Market by Application
9.2.5.6 Rest of Europe Friction Modifiers Market
9.2.5.6.1 Rest of Europe Friction Modifiers Market by Type
9.2.5.6.2 Rest of Europe Friction Modifiers Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Friction Modifiers Market Overview
9.3.2 Asia-Pacific Friction Modifiers Market Forecasts and Analysis
9.3.3 Asia-Pacific Friction Modifiers Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Friction Modifiers Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Friction Modifiers Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Friction Modifiers Market
9.3.5.1.1 Australia Friction Modifiers Market by Type
9.3.5.1.2 Australia Friction Modifiers Market by Application
9.3.5.2 China Friction Modifiers Market
9.3.5.2.1 China Friction Modifiers Market by Type
9.3.5.2.2 China Friction Modifiers Market by Application
9.3.5.3 India Friction Modifiers Market
9.3.5.3.1 India Friction Modifiers Market by Type
9.3.5.3.2 India Friction Modifiers Market by Application
9.3.5.4 Japan Friction Modifiers Market
9.3.5.4.1 Japan Friction Modifiers Market by Type
9.3.5.4.2 Japan Friction Modifiers Market by Application
9.3.5.5 South Korea Friction Modifiers Market
9.3.5.5.1 South Korea Friction Modifiers Market by Type
9.3.5.5.2 South Korea Friction Modifiers Market by Application
9.3.5.6 Rest of Asia-Pacific Friction Modifiers Market
9.3.5.6.1 Rest of Asia-Pacific Friction Modifiers Market by Type
9.3.5.6.2 Rest of Asia-Pacific Friction Modifiers Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Friction Modifiers Market Overview
9.4.2 Middle East and Africa Friction Modifiers Market Forecasts and Analysis
9.4.3 Middle East and Africa Friction Modifiers Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Friction Modifiers Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Friction Modifiers Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Friction Modifiers Market
9.4.5.1.1 South Africa Friction Modifiers Market by Type
9.4.5.1.2 South Africa Friction Modifiers Market by Application
9.4.5.2 Saudi Arabia Friction Modifiers Market
9.4.5.2.1 Saudi Arabia Friction Modifiers Market by Type
9.4.5.2.2 Saudi Arabia Friction Modifiers Market by Application
9.4.5.3 U.A.E Friction Modifiers Market
9.4.5.3.1 U.A.E Friction Modifiers Market by Type
9.4.5.3.2 U.A.E Friction Modifiers Market by Application
9.4.5.4 Rest of Middle East and Africa Friction Modifiers Market
9.4.5.4.1 Rest of Middle East and Africa Friction Modifiers Market by Type
9.4.5.4.2 Rest of Middle East and Africa Friction Modifiers Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Friction Modifiers Market Overview
9.5.2 South and Central America Friction Modifiers Market Forecasts and Analysis
9.5.3 South and Central America Friction Modifiers Market Forecasts and Analysis - By Type
9.5.4 South and Central America Friction Modifiers Market Forecasts and Analysis - By Application
9.5.5 South and Central America Friction Modifiers Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Friction Modifiers Market
9.5.5.1.1 Brazil Friction Modifiers Market by Type
9.5.5.1.2 Brazil Friction Modifiers Market by Application
9.5.5.2 Argentina Friction Modifiers Market
9.5.5.2.1 Argentina Friction Modifiers Market by Type
9.5.5.2.2 Argentina Friction Modifiers Market by Application
9.5.5.3 Rest of South and Central America Friction Modifiers Market
9.5.5.3.1 Rest of South and Central America Friction Modifiers Market by Type
9.5.5.3.2 Rest of South and Central America Friction Modifiers Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. FRICTION MODIFIERS MARKET, KEY COMPANY PROFILES
11.1. AFTON CHEMICAL CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BASF SE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BRB INTERNATIONAL BV
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CHEVRON CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. CRODA INTERNATIONAL PLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. CSW INDUSTRIALS INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. INFINEUM INTERNATIONAL LIMITED
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. KING INDUSTRIES, INC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. LUBRIZOL CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VANDERBILT CHEMICALS, LLC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Afton Chemical Corporation
2.BASF SE
3.BRB International BV
4.Chevron Corporation
5.Croda International Plc
6.CSW Industrials Inc.
7.Infineum International Limited
8.King Industries, Inc
9.Lubrizol Corporation
10.Vanderbilt Chemicals, LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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