Friction Modifier Additives Market By Type (Organic Friction Modifiers, Inorganic Friction Modifiers), By Application (Transportation Lubricants, Industrial Lubricants) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026
Industry Outlook
Friction modifier additives market projected to exhibit the CAGR of 3.5% during the forecast period from 2018 to 2026. Friction modifier additives are mixed with lubricants to maintain oil solubility and to enable film formation between contacting surfaces. The primary function of friction modifier additives is to enhance the lubricant’s coefficient of friction to mitigate the heat and friction between the contacting surfaces, which are in relative motion. The coefficient of friction across the contacting surfaces decides the amount of friction modifier required in lubricants. Friction modifiers are also known as boundary lubrication additives. These additives are mainly bifurcated into two categories: organic friction modifiers and synthetic friction modifier.
Wide range of organic and synthetic materials such as esters, fatty acids, ethers, amide, amines, methacrylate, graphite, molybdenum disulfide, PTFE, etc. are used to modify lubricant’s coefficient of friction. These materials have a polar head and an oil-soluble tail structure. The purpose of a friction modifier varies based on the different type of applications. For example, in a combustion engine, to attain the higher fuel economy, friction modifier additives are used in high proportion, whereas, in clutches, automatic transmissions and industrial Types, the aim of using friction modifier additives is to reduce slippage while minimizing friction in order to maximize efficiency.
Rising automobile sale has resulted in the increased demand for lubricants across the globe, thereby driving the overall friction modifier additives market. Moreover, the increasing demand for friction modifiers from manufacturing economies such as China, India, and South Korea also propelling the growth of the friction modifiers market across the globe. In developed economies such as North America and Europe, strict regulations regarding the use of fuel-efficient lubricants in automotive lubricants boosting the friction modifier additives demand. Also, friction modifiers enhances formulations for improved fuel economy while meeting emission requirements in the automobile industry consequently driving the demand for friction modifier additives in these economies. However, fluctuating raw material prices, growing preferences towards electric vehicles, availability of cheaper substitutes, and shift in trend toward the usage of alternative fuel sources expected to hinder the market during the forecast period. Key players operating in the friction modifier additives market includes Lubrizol Corporation (U.S.), Chevron Oronite Company LLC (U.S.), Infineum International Limited (U.K.), Croda International PLC (U.K.), Afton Chemical Corporation (U.S.), and BASF SE (Germany) among others.
"Inorganic Segment Dominated the Friction Modifier Additives by Type Market"
Inorganic segment expected to lead the friction modifiers market during the forecast period, in terms of value and volume both and expected to maintain its dominance during the forecast period. Growth of this segment can be attributed to the outstanding performance at lower price as compared to organic friction modifiers. Low price, ease of availability, and widespread use in various applications are some of the factor boosting the segment growth.
Organic friction modifier additives segment is identified as the fastest growing segment with the CAGR of 4.0%, owing to unique frictional characteristics in a wide range of engine oils. Organic friction modifier additives segment includes fatty acids, esters & amides, and functional polymers.
"Growing Transportation Industry Driving Transportation Lubricant’s Demand, Thereby Fueling the Friction Modifier Additives Market"
Transportation lubricants segment accounted for more than 70% of friction modifier additives market demand in 2017. Transportation lubricants segment is further categorized into commercial vehicle lubricants, passenger vehicle lubricants, aviation lubricants, and marine lubricants.
Passenger vehicle lubricants sub-segment market is projected to grow at the highest CAGR between 2018 and 2026 owing to surge in passenger vehicle sale across the globe.
Industrial lubricants segment includes hydraulic oil, gear oil, compressor oil, metalworking fluid and others. Continuous industrialization and growth in the manufacturing sector especially in Asia-Pacific and Middle East & Africa region coupled with emergence of automation in manufacturing sector creating immense opportunities for industrial lubricants which in turn fuelling the demand for friction modifier additives to improve the performance of industrial lubricants.
"Burgeoning Automotive and Manufacturing Sector in Asia-Pacific, Making It the Leading Region"
Asia Pacific held the largest share of friction modifier additives market, followed by North America and Europe in 2017. Asia Pacific is also expected to be the fastest growing market with the CAGR of 4.2% during the forecast period. Asia-Pacific is the world’s manufacturing hub for cement, metal, chemical, and automotive.
After a period of sluggish growth between 2011 and 2013, the automotive sale has regained momentum in Asia-Pacific region. Countries such as China and India have witnessed a significant growth in the sale of automotive from 2013 to 2017, and this trend is expected to continue in coming years, which in turn will propel the demand for lubricants in automotive industry. Hence, the use of friction modifier additives will continue to grow between 2018 and 2026.
"Expansion and New Product Development are Preferred Strategy Adopted by Key Players in Friction Modifier Additives Market"
The competitive rivalry is quite high in friction modifier additives market due to the presence of large number of big players. Majority of the key players present in the market are considerably high on business strength consequently leading to high competition. Market players such as Lubrizol Corporation, Afton Chemical Corporation, and Croda International PLC dominate the market with its high business strength and strong product offering across the globe. Market players are striving to develop new sustainable solution to cater varying customer needs. However, expansion is the preferred strategy adopted by key players to strengthen their market presence and get an edge over other players. For instance, In January 2017, Global petroleum additive specialist, Afton Chemical Corporation inaugurated its China Technology Center located in Suzhou to cater customer base in the region by delivering differentiated solutions that are designed and proven to meet the unique and demanding needs of the Chinese market. Key manufacturers of friction modifier additives market includes Lubrizol Corporation, Afton Chemical Corporation, Infineum International Limited, Chevron Oronite Company LLC, Croda International PLC, BASF SE, and Chemtura Corporation among others.
Historical & Forecast Period
Each market segment is analyzed in our study for the period of 2016 to 2026 with 2017 as the base year while period from 2018 to 2026 is considered for the CAGR calculation.
Key questions answered in this report
- What are the current market trends in the friction modifier additives market and valuable opportunities for the players?
- How the environmental regulations affect global as well as the regional markets?
- Which is the most lucrative region for investment?
- What is the market size and trends in emerging markets?
- Which are the prime application of friction modifier additives across different geographies?
- Which are the major type of friction modifier additives and their market sizes?
- Which are the leading players and their market position?
Chapter 1 Preface 15
1.1 Report Scope and Description 15
1.1.1 Study Purpose 15
1.1.2 Target Audience 15
1.1.3 USP and Key Offerings 15
1.2 Research Scope 16
1.3 Research Methodology 17
1.3.1 Phase I – Secondary Research 17
1.3.2 Phase II – Primary Research 18
1.3.3 Phase III – Expert Panel Review 18
1.3.4 Approach Adopted 18
1.3.5 Top-Down Approach 19
1.3.6 Bottom-Up Approach 19
1.3.7 Assumptions 20
1.4 Market Segmentation 20
Chapter 2 Executive Summary 21
2.1 Market Snapshot: Global FMA Market 22
2.1.1 Global FMA Market, by Type, 2017 (Kilo Ton) (US$ Mn) 24
2.1.2 Global FMA Market, by Application, 2017 (Kilo Ton) (US$ Mn) 24
2.1.3 Global FMA Market, by Geography, 2017 (Kilo Ton) (US$ Mn) 25
Chapter 3 Market Dynamics 26
3.1 Introduction 26
3.2 Market Dynamics 27
3.2.1 Market Drivers 27
3.2.1.1 Growing Automotive Industry in Asia-Pacific 27
3.2.1.2 Driver 2 28
3.2.2 Challenges 29
3.2.2.1 Challenge 1 29
3.2.2.2 Challenge 2 30
3.2.3 Opportunities 31
3.2.3.1 Opportunity 1 31
3.2.3.2 Opportunity 2 32
3.3 Attractive Investment Proposition, by Geography, 2017 33
3.4 Competitive Landscape: Market Positioning of Key Players, 2017 34
Chapter 4 Global Friction Modifier Additives (FMA) Market, by Type 35
4.1 Overview 35
4.1.1 Global FMA Market Value Share, by Type, 2017 & 2026 (Value, %) 36
4.1.2 Global FMA Market, by Type, 2016 – 2026 (Kilo Ton) (US$ Mn) 36
4.2 Organic Friction Modifiers 38
4.2.1 Global FMA Market, by Organic Friction Modifiers, 2016 – 2026 (Kilo Ton) (US$ Mn) 38
4.2.1.1 Global FMA Market, by Fatty Acids, 2016 – 2026 (Kilo Ton) (US$ Mn) 39
4.2.1.2 Global FMA Market, by Esters & Amides, 2016 – 2026 (Kilo Ton) (US$ Mn) 39
4.2.1.3 Global FMA Market, by Functional Polymers, 2016 – 2026 (Kilo Ton) (US$ Mn) 40
4.3 Inorganic Friction Modifiers 41
4.3.1 Global FMA Market, by Inorganic Friction Modifiers, 2016 – 2026 (Kilo Ton) (US$ Mn) 41
4.3.1.1 Global FMA Market, by Molybdenum Compounds, 2016 – 2026 (Kilo Ton) (US$ Mn) 42
4.3.1.2 Global FMA Market, by Nanoparticles, 2016 – 2026 (Kilo Ton) (US$ Mn) 42
Chapter 5 Global Friction Modifier Additives (FMA) Market, by Application 43
5.1 Overview 43
5.1.1 Global FMA Market Value Share, by Application, 2017 & 2026 (Value, %) 44
5.1.2 Global FMA Market, by Application, 2016 – 2026 (Kilo Ton) (US$ Mn) 44
5.2 Transportation Lubricants 46
5.2.1 Global FMA Market, by Transportation Lubricants, 2016 – 2026 (Kilo Ton) (US$ Mn) 46
5.2.1.1 Global FMA Market, by Commercial Vehicle Lubricants, 2016 – 2026 (Kilo Ton) (US$ Mn) 47
5.2.1.2 Global FMA Market, by Passenger Vehicle Lubricants, 2016 – 2026 (Kilo Ton) (US$ Mn) 47
5.2.1.3 Global FMA Market, by Aviation Lubricants, 2016 – 2026 (Kilo Ton) (US$ Mn) 48
5.2.1.4 Global FMA Market, by Marine Lubricants, 2016 – 2026 (Kilo Ton) (US$ Mn) 48
5.3 Industrial Lubricants 49
5.3.1 Global FMA Market, by Industrial Lubricants, 2016 – 2026 (Kilo Ton) (US$ Mn) 49
Chapter 6 Global Friction Modifier Additives (FMA) Market, by Geography 50
6.1 Overview 50
6.1.1 Global FMA Market Value Share, by Geography, 2017 & 2026 (Value %) 51
6.1.2 Global FMA Market, by Geography 2016 – 2026 (Kilo Ton) (US$ Mn) 51
6.2 North America 53
6.2.1 North America FMA Market, by Type 2016 – 2026 (Kilo Ton) (US$ Mn) 53
6.2.2 North America FMA Market, by Application 2016 – 2026 (Kilo Ton) (US$ Mn) 54
6.2.3 North America FMA Market, by Country (Kilo Ton) (US$ Mn) 55
6.3 Europe 56
6.3.1 Europe FMA Market, by Type 2016 – 2026 (Kilo Ton) (US$ Mn) 56
6.3.2 Europe FMA Market, by Application 2016 – 2026 (Kilo Ton) (US$ Mn) 57
6.3.3 Europe FMA Market, by Country/Region (Kilo Ton) (US$ Mn) 58
6.4 Asia-Pacific 59
6.4.1 Asia-Pacific FMA Market, by Type 2016 – 2026 (Kilo Ton) (US$ Mn) 59
6.4.2 Asia-Pacific FMA Market, by Application 2016 – 2026 (Kilo Ton) (US$ Mn) 60
6.4.3 Asia-Pacific FMA Market, by Country/Region (Kilo Ton) (US$ Mn) 61
6.5 Latin America 62
6.5.1 Latin America FMA Market, by Type 2016 – 2026 (Kilo Ton) (US$ Mn) 62
6.5.2 Latin America FMA Market, by Application 2016 – 2026 (Kilo Ton) (US$ Mn) 63
6.5.3 Latin America FMA Market, by Country/Region (Kilo Ton) (US$ Mn) 64
6.6 Middle East & Africa 65
6.6.1 Middle East & Africa FMA Market, by Type 2016 – 2026 (Kilo Ton) (US$ Mn) 65
6.6.2 Middle East & Africa FMA Market, by Application 2016 – 2026 (Kilo Ton) (US$ Mn) 66
6.6.3 Middle East & Africa FMA Market, by Region (Kilo Ton) (US$ Mn) 67
Chapter 7 Company Profiles 68
7.1 Lubrizol Corporation 68
7.2 Afton Chemical Corporation 70
7.3 Infineum International Limited 72
7.4 Chevron Oronite Company LLC 74
7.5 Croda International PLC 76
7.6 BASF SE 78
7.7 Chemtura Corporation 80
7.8 Kings Industries, Inc. 82
7.9 BRB International BV 84
7.10 Vanderbilt Chemicals, LLC 86
* FMA - Friction Modifier Additives
TABLE 1 Market Snapshot: Global Friction Modifier Additives (FMA) Market Volume 20
TABLE 2 Market Snapshot: Global FMA Market Value 21
TABLE 3 Global FMA Market, by Type, 2016 – 2026 (Kilo Ton) 34
TABLE 4 Global FMA Market, by Type 2016 – 2026 (US$ Mn) 35
TABLE 5 Global FMA Market, by Application, 2016 – 2026 (Kilo Ton) 42
TABLE 6 Global FMA Market, by Application 2016 – 2026 (US$ Mn) 43
TABLE 7 Global FMA Market, by Geography 2016 – 2026 (Kilo Ton) 49
TABLE 8 Global FMA Market, by Geography 2016 – 2026 (US$ Mn) 50
TABLE 9 North America FMA Market, by Type 2016 – 2026 (Kilo Ton) 51
TABLE 10 North America FMA Market, by Type 2016 – 2026 (US$ Mn) 51
TABLE 11 North America FMA Market, by Application 2016 – 2026 (Kilo Ton) 52
TABLE 12 North America FMA Market, by Application 2016 – 2026 (US$ Mn) 52
TABLE 13 North America FMA Market, by Country 2016 – 2026 (Kilo Ton) 53
TABLE 14 North America FMA Market, by Country 2016 – 2026 (US$ Mn) 53
TABLE 15 Europe FMA Market, by Type 2016 – 2026 (Kilo Ton) 54
TABLE 16 Europe FMA Market, by Type 2016 – 2026 (US$ Mn) 54
TABLE 17 Europe FMA Market, by Application 2016 – 2026 (Kilo Ton) 55
TABLE 18 Europe FMA Market, by Application 2016 – 2026 (US$ Mn) 55
TABLE 19 Europe FMA Market, by Country/Region 2016 – 2026 (Kilo Ton) 56
TABLE 20 Europe FMA Market, by Country/Region 2016 – 2026 (US$ Mn) 56
TABLE 21 Asia-Pacific FMA Market, by Type 2016 – 2026 (Kilo Ton) 57
TABLE 22 Asia-Pacific FMA Market, by Type 2016 – 2026 (US$ Mn) 57
TABLE 23 Asia-Pacific FMA Market, by Application 2016 – 2026 (Kilo Ton) 58
TABLE 24 Asia-Pacific FMA Market, by Application 2016 – 2026 (US$ Mn) 58
TABLE 25 Asia-Pacific FMA Market, by Country/Region 2016 – 2026 (Kilo Ton) 59
TABLE 26 Asia-Pacific FMA Market, by Country/Region 2016 – 2026 (US$ Mn) 59
TABLE 27 Latin America FMA Market, by Type 2016 – 2026 (Kilo Ton) 60
TABLE 28 Latin America FMA Market, by Type 2016 – 2026 (US$ Mn) 60
TABLE 29 Latin America FMA Market, by Application 2016 – 2026 (Kilo Ton) 61
TABLE 30 Latin America FMA Market, by Application 2016 – 2026 (US$ Mn) 61
TABLE 31 Latin America FMA Market, by Country/Region 2016 – 2026 (Kilo Ton) 62
TABLE 32 Latin America FMA Market, by Country/Region 2016 – 2026 (US$ Mn) 62
TABLE 33 Middle East & Africa FMA Market, by Type 2016 – 2026 (Kilo Ton) 63
TABLE 34 Middle East & Africa FMA Market, by Type 2016 – 2026 (US$ Mn) 63
TABLE 35 Middle East & Africa FMA Market, by Application 2016 – 2026 (Kilo Ton) 64
TABLE 36 Middle East & Africa FMA Market, by Application 2016 – 2026 (US$ Mn) 64
TABLE 37 Latin America FMA Market, by Region 2016 – 2026 (Kilo Ton) 65
TABLE 38 Middle East & Africa FMA Market, by Region 2016 – 2026 (US$ Mn) 65
TABLE 39 Lubrizol Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 66
TABLE 40 Afton Chemical Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 68
TABLE 41 Infineum International Limited: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 70
TABLE 42 Chevron Oronite Company LLC: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 72
TABLE 43 Croda International PLC: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 74
TABLE 44 BASF SE: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 76
TABLE 45 Chemtura Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 78
TABLE 46 Kings Industries, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 80
TABLE 47 BRB International BV: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 82
TABLE 48 Vanderbilt Chemicals, LLC: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 84
FIG. 1 Global Friction Modifier Additives (FMA) Market: Research Methodology 16
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach 18
FIG. 3 Global FMA Market Segmentation 19
FIG. 4 Global FMA Market, by Type, 2017 (Kilo Ton, US$ Mn) 23
FIG. 5 Global FMA Market, by Application, 2017 (Kilo Ton, US$ Mn) 23
FIG. 6 Global FMA Market, by Geography, 2017 (Kilo Ton, US$ Mn) 24
FIG. 7 Attractive Investment Proposition, by Geography, 2017 32
FIG. 8 Competitive Landscape: Market Positioning of Key Friction Modifier Additives Manufacturers, 2017 33
FIG. 9 Global FMA Market Value Share, by Type, 2017 & 2026 (Value, %) 35
FIG. 10 Global FMA Market, by Organic Friction Modifiers, 2016 – 2026 (Kilo Ton) (US$ Mn) 37
FIG. 11 Global FMA Market, by Fatty Acids, 2016 – 2026 (Kilo Ton) (US$ Mn) 38
FIG. 12 Global FMA Market, by Esters & Amides, 2016 – 2026 (Kilo Ton) (US$ Mn) 38
FIG. 13 Global FMA Market, by Functional Polymers, 2016 – 2026 (Kilo Ton) (US$ Mn) 39
FIG. 14 Global FMA Market, by Inorganic Friction Modifiers, 2016 – 2026 (Kilo Ton) (US$ Mn) 40
FIG. 15 Global FMA Market, by Molybdenum Compounds, 2016 – 2026 (Kilo Ton) (US$ Mn) 41
FIG. 16 Global FMA Market, by Nanoparticles, 2016 – 2026 (Kilo Ton) (US$ Mn) 41
FIG. 17 Global FMA Market Value Share, by Application, 2017 & 2026 (Value, %) 43
FIG. 18 Global FMA Market, by Transportation Lubricants, 2016 – 2026 (Kilo Ton) (US$ Mn) 45
FIG. 19 Global FMA Market, by Commercial Vehicle Lubricants, 2016 – 2026 (Kilo Ton) (US$ Mn) 46
FIG. 20 Global FMA Market, by Passenger Vehicle Lubricants, 2016 – 2026 (Kilo Ton) (US$ Mn) 46
FIG. 21 Global FMA Market, by Aviation Lubricants, 2016 – 2026 (Kilo Ton) (US$ Mn) 47
FIG. 22 Global FMA Market, by Marine Lubricants, 2016 – 2026 (Kilo Ton) (US$ Mn) 47
FIG. 23 Global FMA Market, by Industrial Lubricants, 2016 – 2026 (Kilo Ton) (US$ Mn) 48
FIG. 24 Global FMA Market Value Share, by Geography, 2017 & 2026 (Value %) 50
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