FRICTION MODIFIER ADDITIVES MARKET ANALYSIS

Market Challenges And Opportunities

Friction Modifier Additives Market: Restraints

Tendencies that are changing in favor of electrifying road passenger

Shifting trends toward the electrification of road passenger transports are likely to become more significant over the following 10 years as more nations implement policies to lower carbon, particulate, and other emissions.

According to the research, diesel or fossil fuel limits have been brought on by the recent signing of the Paris Agreement, growing air quality concerns, and the diesel emissions crisis. While Athens, Madrid, and Mexico City have declared intentions to outlaw all diesel cars and vans by 2025, France will also outlaw all gasoline and diesel vehicles by 2040.

The change is gaining momentum as Original Equipment Manufacturers (OEMs) disengage from ICEs. Volvo, for instance 2020, has declared that it would stop producing new diesel engines after 2020. Penetration of battery-powered electric vehicles would significantly reduce the demand for vehicle lubricants, which, in turn, will hamper the friction modifier additives market growth.

Friction Modifier Additives Market: Market Opportunity

The growing adoption of dual-clutch transmission, a passenger car that is popular across Western Europe, China, and the U.S. is expected to serve as major growth opportunities to the friction modifier additives market. These additives offer sophisticated frictional properties to the dual-clutch. Moreover, it also provides protection to the gear components and synchronized performance. Thus, the growing use of friction modifier additives in dual-clutch transmissions is expected to augment the market growth.

The rising demand for an optimized fuel economy to reduce friction in a thin layer and mixed lubrication conditions is expected to offer several market growth opportunities. Friction modifier additives contribute to fuel efficiency by offering shear thinning. Shear-thinning provides economic benefits, especially in mixed lubrication operations. Therefore, the growing demand for optimized fuel economy will favor the market growth.