Friction Modifier Additives Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022-2027

Report Code: CMR 26699 Report Format: PDF + Excel

Friction Modifier Additives Market Overview

The Friction Modifier Additives Market is estimated to grow at a CAGR of 3.8% in 2022-2027 and is valued at USD$1.3 billion by the year 2027. A friction modifier additive is a fuel additive commonly used in boundary applications to reduce the coefficient of friction and improve the lubricity and energy efficiency between two rubbing surfaces. Some common examples of friction modifier additives are phosphate esters, molybdenum disulfide, poly-alpha-olefin, and silicon carbide. They prevent scoring, reduce wear and noise, and can help to prevent micropitting in industrial gear lubricants. They are commonly used in engine oils and transmission fluids.

COVID-19 Impact

During the COVID-19 pandemic, many industries had suffered a tumultuous time, and it was no different for the Friction Modifier Additives Market. Many governments across the globe implemented lockdown regulations and factories & production facilities in many sectors came to a halt. The supply chain was greatly disrupted as many businesses followed the lockdown protocols. The primary end-use industries of friction modifier additives are the automotive, aerospace, and industrial sectors and both sectors were negatively impacted during the pandemic. According to the Organisation Internationale des Constructeurs d’Automobiles (OICA), the production of passenger vehicles decreased by 16.9% from 2019 to 2020. According to the International Air Transport Association, the demand for passenger air travel fell by 65% from 2019 to 2020 with international travel decreasing by 75.6% since 2019. However, the industry is recovering as the world governments are relaxing lockdown protocols as the public is being vaccinated and cases have decreased. As such, the Friction Modifier Additives Market is projected to grow within the forecast period of 2022-2027.

Friction Modifier Additives Market Report Coverage

The report: “Friction Modifier Additives Market – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Friction Modifier Additives Market.

By Type: Organic (Organic Monomolecular (Fatty Acids, Fatty Acid Amides, Esters), Organic Polymeric), Inorganic/Organometallic (Molybdenum Dithiocarbamate (MoDTC), Anti-wear Additives/Zinc Dialkyldithiophosphate (ZDDP), Extreme Pressure (EP) Additives (Temperature dependent EP Additives, Temperature Independent EP Additives), Others)
By Application: Engine Oil (Gear Oil, Turbine Oil), Transmission Fluid (Grease, Driveline Fluid, Metal Working Fluid, Hydraulic Oil, Compressor Oil), Others.
By End Use Industry: Automotive Industry, Aerospace & Defense, Oil & Gas, Industrial, Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa).

Key Takeaways

  • The Asia-Pacific region holds the largest share by region in the Friction Modifier Additives Market within 2022-2027.
  • Inorganic friction modifier additives are the most used type of friction modifier additives due to their variety of applications.
  • Friction modifier additives are mostly used in engine oils and transmission fluids to reduce friction between surfaces.
  • The growth of the automotive industry is expected to be a great driver for the Friction Modifier Additives Market.

Figure: Asia-Pacific Friction Modifier Additives Market 2021-2027 (USD $ Billion) 

Friction Modifier Additives Market

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Friction Modifier Additives Market Analysis – By Type

The Inorganic type segment holds the largest share of 56% in the Friction Modifier Additives Market within the forecast period of 2022-2027. Inorganic friction modifier additives chemically react with the metal surface and change the frictional properties of the substrate. There are various types of inorganic friction modifier additives like anti-wear additives and extreme pressure additives. Anti-wear additives are used in lubricants to meet tougher demands such as heavier loads and higher temperatures. A common example of anti-wear additives is Zinc dialkyl dithiophosphate (ZDDP). Similar to anti-wear additives, extreme pressure (EP) additives are used to meet heavier load demands that activate in high pressure. They can also be temperature dependant or not. Organic friction modifier additives are also widely used with some common examples being fatty acids and esters. 

Friction Modifier Additives Market Analysis – By End-Use Industry

The Automotive industry holds the largest segment of 48% in the end-use industry segment of the Friction Modifier Additives Market within the forecast period of 2022-2027. This is because the primary application of friction modifier additives is in engine oils that are heavily used in the automotive sector. They are used in automatic and manual transmission, power steering, shock absorbers and they control torque applications through clutch and brand engagements. According to the Organisation Internationale des Cosntructeurs d’Automobiles (OICA), the total production of vehicles increased to 57.3 million in 2021 from 52.1 million in 2020 which was a 9.1% increase in production values. The growing demand for the automotive industry is one of the key driving factors for the Friction Modifier Additives market is reinforcing the growth of the market within the forecast period of 2022-2027.

Friction Modifier Additives Market Analysis – By Geography

Asia-Pacific holds the largest share of 42% in the geography segment of the Friction Modifier Additives Market within the forecast period of 2022-2027. This is because of the booming automotive sector in countries like China, India, Japan, and South Korea. According to the Organisation Internationale des Constructeurs d’Automobiles (OICA), the Asia-Pacific region had the largest production of motor vehicles in the year 2020, with a total production value of 44.3 million vehicles. China is the leading producer of motor vehicles in the world, with a total production of 25.3 million in 2020. China alone accounted for 32.5% of the total motor vehicle production in the world. As such, the Asia-Pacific region will hold the largest share within the forecast period of 2022-2027. 

Friction Modifier Additives Market Drivers

The exponential growth of end-use industries like the Automotive Industry and the Electrical Industry:

As mentioned above, the key end-use industry of friction modifier additives is in the automotive industry among others. As such, the growth in this industry proves to be a great driver for the Friction Modifier Additives Market. According to the Organisation Internationale des Cosntructeurs d’Automobiles (OICA), the total production of vehicles increased to 57.3 million in 2021 which was a 9.1% increase from the production values of 2020. According to the European Automobile Manufacturers’ Association, the European Union (EU) invests around USD $ 70 billion annually for research and development in the automotive sector. The automotive industry is expected to grow substantially within the forecast period of 2022-2027 which proves to be a great driver for the Friction Modifier Additives Market. 

Friction Modifier Additives Market Challenges

Stringent Trade Laws and Regulations can hinder trade for the Market:

The stringent trade laws worldwide can prove to be a challenge as trade regulations for chemicals have limited the trade for friction modifier additives as well. For example, Regulation (EU) No 649/2012 of the European Parliament and the Council seeks to address international trade of hazardous chemicals by ensuring proper control in the trade and use of hazardous chemicals at a global level to protect human health and the environment. Another example is the REACH regulation which every product must abide by. A regulation by the European Union, REACH aims to improve the protection of human health and the environment from risks that can be posed by Chemicals. Although these regulations are for the benefit of the people, they tend to limit the trade of friction modifier additives. As such, this proves to be a challenge for the Friction Modifier Additives market within the forecast period of 2022-2027.

Friction Modifier Additives Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in this market. Friction Modifier Additives top 10 companies include:

  1. Afton Chemical Corporation
  2. BASF SE
  3. Chemtura Corporation
  4. Lubrizol Corporation
  5. Multisol Ltd.
  6. AkzoNobel N.V.
  7. Vanderbilt Chemicals, LLC
  8. Chevron Oronite Company, LLC
  9. Croda International plc
  10. Infineum International Limited 

Recent Developments

  • On March 20, 2020, Red Line Synthetic Oil, a producer of synthetic lubricants and additives for the automotive industry, announced a partnership with drag racing outfit, Lex Joon Racing, throughout the year 2020. All lubricant and additive support, including friction modifier additives, were provided by Red Line Synthetic Oil.

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1. Friction Modifier Additives Market- Market Overview
    1.1 Definitions and Scope
2. Friction Modifier Additives Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Application
    2.3 Key Trends by End-Use Industry
    2.4 Key Trends by Geography
3. Friction Modifier Additives Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Friction Modifier Additives Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Friction Modifier Additives Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Friction Modifier Additives Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Friction Modifier Additives Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Friction Modifier Additives Market – By Type (Market Size -$Million/Billion)
    8.1 Organic
        8.1.1 Organic Monomolecular
            8.1.1.1 Fatty Acids
            8.1.1.2 Fatty Acid Amides
            8.1.1.3 Esters
        8.1.2 Organic Polymeric
    8.2 Inorganic/Organometallic
        8.2.1 Molybdenum Dithiocarbamate (MoDTC)
        8.2.2 Anti-wear Additives/Zinc Dialkyldithiophosphate (ZDDP)
        8.2.3 Extreme Pressure (EP) Additives
            8.2.3.1 Temperature Dependent EP Additives
            8.2.3.2 Temperature Independent EP Additives
        8.2.4 Others
9. Friction Modifier Additives Market – By Application (Market Size - $Million/Billion)
    9.1 Engine Oil
        9.1.1 Gear Oil
        9.1.2 Turbine Oil
    9.2 Transmission Fluid
        9.2.1 Grease
        9.2.2 Driveline Fluid
        9.2.3 Metal Working Fluid
        9.2.4 Hydraulic Oil
        9.2.5 Compressor Oil
    9.3 Others
10. Friction Modifier Additives Market – By End-Use Industry (Market Size -$Million/Billion)
        10.1.1 Automotive Industry
        10.1.2 Aerospace & Defense
        10.1.3 Oil & Gas
        10.1.4 Industrial
        10.1.5 Others
11. Friction Modifier Additives Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Chile
        11.2.5 Rest of South America
    11.3 Europe
        11.3.1 UK
        11.3.2 Germany
        11.3.3 France
        11.3.4 Italy
        11.3.5 Netherlands
        11.3.6 Spain
        11.3.7 Russia
        11.3.8 Belgium
        11.3.9 Rest of Europe
    11.4 Asia-Pacific
        11.4.1 China
        11.4.2 Japan
        11.4.3 India
        11.4.4 South Korea
        11.4.5 Australia and New Zeeland
        11.4.6 Indonesia
        11.4.7 Taiwan
        11.4.8 Malaysia
        11.4.9 Rest of APAC
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.1.1 Saudi Arabia
        11.5.1.2 UAE
        11.5.1.3 Israel
        11.5.1.4 Rest of the Middle East
        11.5.2 Africa
        11.5.2.1 South Africa
        11.5.2.2 Nigeria
        11.5.2.3 Rest of Africa
12. Friction Modifier Additives Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Friction Modifier Additives Market – Industry / Segment Competition landscape Premium Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. Friction Modifier Additives Market – Key Company List by Country Premium Premium
15. Friction Modifier Additives Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials would be provided on a best-efforts basis for private companies"

LIST OF TABLES

1.Global Friction Modifier Additive Market Analysis And Forecast By Product Type Market 2019-2024 ($M)
1.1 Fatty Acid Market 2019-2024 ($M) - Global Industry Research
1.2 Ester Amide Market 2019-2024 ($M) - Global Industry Research
1.3 Inorganic Market 2019-2024 ($M) - Global Industry Research
1.3.1 Modtc Market 2019-2024 ($M)
1.3.2 Mos2 Market 2019-2024 ($M)
1.3.3 Graphite Market 2019-2024 ($M)
2.Global Friction Modifier Additive Market Analysis And Forecast By Product Type Market 2019-2024 (Volume/Units)
2.1 Fatty Acid Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Ester Amide Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Inorganic Market 2019-2024 (Volume/Units) - Global Industry Research
2.3.1 Modtc Market 2019-2024 (Volume/Units)
2.3.2 Mos2 Market 2019-2024 (Volume/Units)
2.3.3 Graphite Market 2019-2024 (Volume/Units)
3.North America Friction Modifier Additive Market Analysis And Forecast By Product Type Market 2019-2024 ($M)
3.1 Fatty Acid Market 2019-2024 ($M) - Regional Industry Research
3.2 Ester Amide Market 2019-2024 ($M) - Regional Industry Research
3.3 Inorganic Market 2019-2024 ($M) - Regional Industry Research
3.3.1 Modtc Market 2019-2024 ($M)
3.3.2 Mos2 Market 2019-2024 ($M)
3.3.3 Graphite Market 2019-2024 ($M)
4.South America Friction Modifier Additive Market Analysis And Forecast By Product Type Market 2019-2024 ($M)
4.1 Fatty Acid Market 2019-2024 ($M) - Regional Industry Research
4.2 Ester Amide Market 2019-2024 ($M) - Regional Industry Research
4.3 Inorganic Market 2019-2024 ($M) - Regional Industry Research
4.3.1 Modtc Market 2019-2024 ($M)
4.3.2 Mos2 Market 2019-2024 ($M)
4.3.3 Graphite Market 2019-2024 ($M)
5.Europe Friction Modifier Additive Market Analysis And Forecast By Product Type Market 2019-2024 ($M)
5.1 Fatty Acid Market 2019-2024 ($M) - Regional Industry Research
5.2 Ester Amide Market 2019-2024 ($M) - Regional Industry Research
5.3 Inorganic Market 2019-2024 ($M) - Regional Industry Research
5.3.1 Modtc Market 2019-2024 ($M)
5.3.2 Mos2 Market 2019-2024 ($M)
5.3.3 Graphite Market 2019-2024 ($M)
6.APAC Friction Modifier Additive Market Analysis And Forecast By Product Type Market 2019-2024 ($M)
6.1 Fatty Acid Market 2019-2024 ($M) - Regional Industry Research
6.2 Ester Amide Market 2019-2024 ($M) - Regional Industry Research
6.3 Inorganic Market 2019-2024 ($M) - Regional Industry Research
6.3.1 Modtc Market 2019-2024 ($M)
6.3.2 Mos2 Market 2019-2024 ($M)
6.3.3 Graphite Market 2019-2024 ($M)
7.MENA Friction Modifier Additive Market Analysis And Forecast By Product Type Market 2019-2024 ($M)
7.1 Fatty Acid Market 2019-2024 ($M) - Regional Industry Research
7.2 Ester Amide Market 2019-2024 ($M) - Regional Industry Research
7.3 Inorganic Market 2019-2024 ($M) - Regional Industry Research
7.3.1 Modtc Market 2019-2024 ($M)
7.3.2 Mos2 Market 2019-2024 ($M)
7.3.3 Graphite Market 2019-2024 ($M)

LIST OF FIGURES

1.US Friction Modifier Additives Market Revenue, 2019-2024 ($M)
2.Canada Friction Modifier Additives Market Revenue, 2019-2024 ($M)
3.Mexico Friction Modifier Additives Market Revenue, 2019-2024 ($M)
4.Brazil Friction Modifier Additives Market Revenue, 2019-2024 ($M)
5.Argentina Friction Modifier Additives Market Revenue, 2019-2024 ($M)
6.Peru Friction Modifier Additives Market Revenue, 2019-2024 ($M)
7.Colombia Friction Modifier Additives Market Revenue, 2019-2024 ($M)
8.Chile Friction Modifier Additives Market Revenue, 2019-2024 ($M)
9.Rest of South America Friction Modifier Additives Market Revenue, 2019-2024 ($M)
10.UK Friction Modifier Additives Market Revenue, 2019-2024 ($M)
11.Germany Friction Modifier Additives Market Revenue, 2019-2024 ($M)
12.France Friction Modifier Additives Market Revenue, 2019-2024 ($M)
13.Italy Friction Modifier Additives Market Revenue, 2019-2024 ($M)
14.Spain Friction Modifier Additives Market Revenue, 2019-2024 ($M)
15.Rest of Europe Friction Modifier Additives Market Revenue, 2019-2024 ($M)
16.China Friction Modifier Additives Market Revenue, 2019-2024 ($M)
17.India Friction Modifier Additives Market Revenue, 2019-2024 ($M)
18.Japan Friction Modifier Additives Market Revenue, 2019-2024 ($M)
19.South Korea Friction Modifier Additives Market Revenue, 2019-2024 ($M)
20.South Africa Friction Modifier Additives Market Revenue, 2019-2024 ($M)
21.North America Friction Modifier Additives By Application
22.South America Friction Modifier Additives By Application
23.Europe Friction Modifier Additives By Application
24.APAC Friction Modifier Additives By Application
25.MENA Friction Modifier Additives By Application