Friction modifier additives are used in engine oil for reducing friction and enhance the fuel-efficiency. Moreover, they also prevent the scoring, wear, and noise in the engine. Furthermore, they are also helpful in preventing micro pitting in industrial gear lubricants. Some of the major applications of friction modifier additives are automatic & manual transmission, gasoline engine oils, power steering, tractor hydraulic systems, and metalworking applications.

Market Dynamics

Growing mining activities around the globe are boosting demand for the Friction modifiers Additives market is expected to accelerate the friction modifier additives market growth. The growing use of gasoline engines in passenger cars and the advent of high diesel engines in commercial vehicles are some of the other trends in the market. All these factors are expected to propel the market growth.

Increasing mining activities around the globe are boosting the demand for the Friction modifiers Additives market is expected to accelerate the market growth of friction modifier additives. The growing use of gasoline engines in passenger cars and the advent of the high diesel engine in commercial vehicles are some of the other trends in the market. All these factors are expected to propel the market growth.

Decline in the use of automotive lubricant additives due to the increasing use of fuel cells on account of technological advancements are expected to hamper the market growth.

Key features of the study:

• This report provides an in-depth analysis of the global friction modifier additives market and provides market size (US$ Million and Tons) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• This study also provides impact analysis of Coronavirus (Covid-19) pandemic on the friction modifier additives market
• It profiles key players in the global friction modifier additives market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• The key companies covered as a part of this study include Chemtura Corp., Afton Chemicals Corp., Multisol, Wynn’s, Archoil, and Whitmore
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgrade, market expansion, and marketing tactics
• The global friction modifier additives market report caters to various stakeholders in this industry including investors, suppliers, friction modifier additives manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the friction modifier additives market

Detailed Segmentation:

• Global Friction Modifier Additives Market, By Application:
  • Automotive Lubricant
  • Industrial Lubricant
  • Aviation Lubricants
  • Power Generation Lubricants
  • Rail Lubricants
• Global Friction Modifier Additives Market, By Region:
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • Central Africa
    • South Africa
• Company Profiles
  • Chemtura Corp. 
  • Afton Chemicals Corp.
  • Multisol
  • Wynn’s
  • Archoil
  • Whitmore