The global friction modifiers market is forecast to reach USD 1,195.7 Million by 2028, according to a new report by Reports and Data. The demand for the friction modifiers are propelling in various applications as incorporating these additives help reduce the frictional motions in the machineries and combustion hydraulic engines. The reduction of the frictional losses and through more efficient lubrication the amount of carbon dioxide emissions can be drastically reduced and the efficiency of the automotive vehicles are largely propelled. Other than Automotive segment, the engineering vehicles and the industrial machineries are some of the most lucrative sectors of this market. The organic modifiers are expected to be in high demand due to higher availability and eco-friendliness towards the nature.

The Asia Pacific region, being the global manufacturing hub and high growth in the automotive industry, is forecasted to generate the highest revenue of USD 426.7 Million in the year 2026.

Key participants include Lubrizol Corporation, Croda International PLC, Vanderbilt Chemicals, LLC, BASF SE, Chevron Corporation, F.I.L.A. Group, BRB International BV, Kings Industries, Inc., Afton Chemical Corporation, and LANXESS.

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For the purpose of this report, Reports and Data have segmented the global friction Modifiers market on the basis of the type of modifiers, compound types, applications, and region:

Type of Modifiers Outlook (Revenue, USD Million; 2018-2028)

Organic Friction Modifiers (OFM)
Organomolybdenum Friction Modifiers (MoFM)
Polymer Friction Modifiers (PFM)
Dispersed Nanoparticles
Compound Types Outlook (Revenue, USD Million; 2018-2028)

Organic
Inorganic
Applications Outlook (Revenue, USD Million; 2018-2028)

Automotive
Engineering Vehicles
Aviation
Marine
Railway
Machinery
Others
Regional Outlook (Revenue, USD Million; 2018-2028)

North America
Europe
Asia Pacific
MEA
Latin America
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Key Insights offered in the report:

Business overview, product overview, significant market data, demand and supply ratio and overall industry chain analysis
The report encompasses different approaches and strategic business decisions undertaken by the key players of the market to gain a robust a footing
It describes in detail the production value, marketing strategies, distributors, and factors influencing the growth of the market
Strategic business expansion plans and alliances of the key players
Comprehensive analysis of the present trends and emerging trends of the market
Analysis and identification of the factors influencing the Friction Modifiers market such as drivers, restraints, opportunities, and trends
Table of Content:

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2020 – 2028
Chapter 3. Indicative Metrics
Chapter 4. Friction Modifiers Market Segmentation & Impact Analysis
    4.1. Friction Modifiers Market Material Segmentation Analysis
    4.2. Industrial Outlook
         4.2.1. Market indicators analysis
         4.2.2. Market drivers analysis
                 4.2.2.1. High increasing number of heavy-duty & passenger vehicles
                 4.2.2.2. The demand for higher efficiency by the industrial equipment
                 4.2.2.3. Technological advancements in the friction modifiers formulation
         4.2.3. Market restraints analysis
                  4.2.3.1. Revolution with the electric vehicle market
                  4.2.3.2. Easy availability of cheaper substitutes of friction modifiers
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. ETOP Analysis
    4.6. Porter’s Five Forces Analysis
    4.7. Competitive Metric Space Analysis
    4.8. Price trend Analysis

Continued…

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