FRICTION MODIFIER ADDITIVES MARKET ANALYSIS
Friction Modifier Additives Market: Recent Development
In November 2022, BRB International, a wholly-owned subsidiary of PETRONAS Chemicals Group Berhad (PCG), inaugurated a new lube oil additives plant in the Netherlands which focuses primarily on the production of lube oil additives for the global Friction Modifier Additives market.
In May 2020, Bizol launched "Friction Modifer+ 094," a powerful anti-friction additive that improves the lubricating properties of engine oil, reduces fuel consumption, and extends the engine life
In August 2020, LANXESS launched a friction modifier, "Additin RC 3502" for passenger cars to reduce friction, maintain performance and protect against wear, and be compatible with all engine oil types
In January 2021, Royal Dutch Shell PLC and Whitmore Manufacturing LLC, a wholly-owned subsidiary of CSW Industrials, Inc., announced a definitive agreement to form a joint venture, Shell & Whitmore Reliability Solutions LLC, to market, distribute, and sell lubricants, friction modifiers, greases, and other reliability products, and related industrial services to the North America rail and the U.S. mining sectors
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