Friction Modifiers Market - Global Forecast to 2022: Market Ranking Analysis of Lubrizol, Afton, Infineum, Chevron Oronite & Croda
DUBLIN, June 6, 2018 /PRNewswire/ --
The "Friction Modifiers Market by Type (Organic and Inorganic), Application (Transportation Lubricants (Commercial Vehicle, Passenger Vehicle, Aviation, Marine), and Industrial Lubricants), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The friction modifiers market is projected to grow from USD 843.0 Million in 2017 to USD 1,004.3 Million by 2022, at a CAGR of 3.6% during the forecast period.
The increase in the overall transportation industry has resulted in the rise in the use of lubricants across the globe, thereby widening the scope of the friction modifiers market. In addition, the increasing demand for friction modifiers from emerging economies such as India and South Korea is expected to fuel the growth of the friction modifiers market across the globe. Stringent environmental regulations also provide huge growth opportunities for friction modifiers market. Friction modifiers are also termed as antifriction additives.
The friction modifiers market has been segmented on the basis of type, application, and region. Among types, the inorganic segment is expected to lead the friction modifiers market during the forecast period, in terms of value. The growth of this segment can be attributed to the outstanding performance and friction reduction provided by inorganic friction modifiers. Moreover, these additives are cheaper as compared to organic friction modifiers.
Based on application, the friction modifiers market has been classified into transportation lubricants and industrial lubricants. The transportation lubricants segment has been further classified into commercial vehicle, passenger vehicle, aviation, and marine. The passenger vehicle subsegment of the friction modifiers market is projected to grow at the highest CAGR between 2017 and 2022, in terms of value.
The growth of the automotive industry is expected to affect the demand for friction modifiers in developed markets of North America and Europe, as regulations are mandating the use of fuel-efficient lubricants in automobile lubricants and automotive manufacturing. Moreover, friction modifiers facilitate efficient functioning of lubricants, and their use has become essential to meet emission standards in the automobile industry.
The friction modifiers market has been studied for North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific region is the largest market for friction modifiers and is expected to continue leading the market till 2022. The growth of the Asia Pacific friction modifiers market can be attributed to the recognition of countries such as China, Japan, South Korea, and India as automotive hubs.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Significant Opportunities in Friction Modifiers Market
4.2 APAC Friction Modifiers Market, By Application and Country
4.3 Friction Modifiers Market, By Type
4.4 Friction Modifiers Market Attractiveness
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Automotive Industry and Vehicle Parc
5.2.1.2 Increasing Demand for Fuel-Efficient Lubricants
5.2.2 Restraints
5.2.2.1 Rise in Demand for Alternative Fuels
5.2.3 Opportunities
5.2.3.1 Stringent Environmental Regulations
5.2.3.2 Advancements in Friction Modifier Additive Technologies
5.2.4 Challenges
5.2.4.1 Shift Toward Fully Electric Vehicles
5.3 Porter's Five Forces Analysis
5.3.1 Threat of Substitutes
5.3.2 Threat of New Entrants
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicators
5.4.1 GDP Growth Rate Forecast of Major Economies
5.4.2 Trends and Forecast of Oil & Gas Industry
5.4.3 Trends and Forecast of Infrastructure Industry
5.4.4 Trends and Forecast of Automotive Industry
6 Friction Modifiers Market, By Type
6.1 Introduction
6.2 Organic Friction Modifiers
6.2.1 Fatty Acids
6.2.2 Esters & Amides
6.2.3 Functional Polymers
6.3 Inorganic Friction Modifiers
6.3.1 Molybdenum Compounds
6.3.2 Nanoparticles
7 Friction Modifiers Market, By Application
7.1 Introduction
7.2 Transportation Lubricants
7.2.1 Commercial Vehicle Lubricants
7.2.2 Passenger Vehicle Lubricants
7.2.3 Aviation Lubricants
7.2.4 Marine Lubricants
7.3 Industrial Lubricants
8 Friction Modifiers Market, By Region
9 Competitive Landscape
9.1 Overview
9.2 Market Ranking Analysis
9.2.1 Lubrizol
9.2.2 Afton
9.2.3 Infineum
9.2.4 Chevron Oronite
9.2.5 Croda
9.3 Competitive Scenario
9.3.1 Expansion
9.3.2 New Product Launch
9.3.3 Acquisition
10 Company Profiles
10.1 Lubrizol Corporation
10.2 Afton Chemical Corporation
10.3 Infineum International Limited
10.4 Chevron Oronite Company LLC
10.5 Croda International PLC
10.6 BASF SE
10.7 Chemtura Corporation
10.8 Kings Industries, Inc.
10.9 BRB International BV
10.10 Vanderbilt Chemicals, LLC
10.11 Other Market Players
10.11.1 CSW Industrials Inc.
10.11.2 Abitec Corporation
10.11.3 Wynn's
10.11.4 Adeka Corporation
10.11.5 Archoil
10.11.6 Multisol Ltd.
10.11.7 PMC Biogenix, Inc.
10.11.8 Nyco SA
10.11.9 Dog Deutsche Oelfabrik Gesellschaft Fr Chemische Erzeugnisse Mbh & Co. Kg
10.11.10 Akzonobel N.V.
For more information about this report visit https://www.researchandmarkets.com/research/fv3kpt/friction?w=5
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