Global Friction Modifiers Market Size Study, by Type (Organic, Inorganic), by Application (Commercial Vehicles, Passenger Vehicles), and Regional Forecasts 2022-2032

January 2025 | 285 pages | ID: GB0B42A54246EN
Bizwit Research & Consulting LLP

Abstracts

The Global Friction Modifiers Market, valued at approximately USD 0.98 billion in 2023, is set to expand at a moderate compound annual growth rate (CAGR) of 3.80% during the forecast period from 2024 to 2032. Friction modifiers, essential additives in automotive and industrial lubricants, enhance performance by reducing friction and wear, ensuring better fuel efficiency and prolonged equipment life. As the automotive industry pivots towards higher efficiency and lower emissions, the role of friction modifiers becomes paramount in meeting stringent regulatory requirements and consumer demands.

This growing market is underpinned by the surge in global automotive production and the increasing emphasis on improving vehicle efficiency. Manufacturers are integrating advanced friction modifiers to comply with environmental standards while optimizing engine and transmission systems. Furthermore, innovations in organic and inorganic friction modifier formulations are reshaping the market dynamics, offering better compatibility with modern synthetic lubricants. However, the high cost of specialized formulations and fluctuating raw material prices pose challenges for market players, necessitating continuous R&D investment to maintain competitiveness.

Regionally, North America and Europe lead the market due to their mature automotive industries and strict emission regulations. The Asia-Pacific region, however, is expected to exhibit the fastest growth, driven by rapid urbanization, increased automotive production, and growing investments in advanced lubricant technologies in countries like China and India. The competitive landscape is marked by key players focusing on strategic collaborations, product innovation, and market expansion to capitalize on emerging opportunities.

Major market players included in this report are:

• BASF SE
• Afton Chemical Corporation
• Croda International Plc
• Chevron Oronite Company LLC
• Infineum International Limited
• The Lubrizol Corporation
• Royal Dutch Shell PLC
• Lanxess AG
• Vanderbilt Chemicals LLC
• Parker Hannifin Corporation
• Evonik Industries AG
• Sinopec Lubricant Company
• TotalEnergies SE
• MOL Group
• Fuchs Petrolub SE

The detailed segments and sub-segments of the market are explained below:

By Type:

• Organic
• Inorganic

By Application:

• Commercial Vehicles
• Passenger Vehicles

By Region:

North America:

• U.S.
• Canada

Europe:

• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific:

• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America:

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa:

• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Years considered for the study are as follows:

• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways:

• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level insights.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approaches.
• Comprehensive demand-side and supply-side insights.

Contents

CHAPTER 1. GLOBAL FRICTION MODIFIERS MARKET EXECUTIVE SUMMARY

1.1. Global Friction Modifiers Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Type
  1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL FRICTION MODIFIERS MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory Frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL FRICTION MODIFIERS MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Increasing Demand for High-Purity Lubricants in Automotive Applications
  3.1.2. Advancements in Friction Modifier Technologies
  3.1.3. Rising Environmental Regulations and Sustainability Initiatives
3.2. Market Challenges
  3.2.1. High Initial Installation and Maintenance Costs
  3.2.2. Fluctuating Raw Material Prices
3.3. Market Opportunities
  3.3.1. Expansion in Emerging Markets
  3.3.2. Innovations in Eco-friendly and Sustainable Formulations
  3.3.3. Strategic Collaborations and Technological Partnerships

CHAPTER 4. GLOBAL FRICTION MODIFIERS MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL FRICTION MODIFIERS MARKET SIZE & FORECASTS BY TYPE 2022-2032

5.1. Segment Dashboard
5.2. Global Friction Modifiers Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  5.2.1. Organic
  5.2.2. Inorganic

CHAPTER 6. GLOBAL FRICTION MODIFIERS MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

6.1. Segment Dashboard
6.2. Global Friction Modifiers Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  6.2.1. Commercial Vehicles
  6.2.2. Passenger Vehicles

CHAPTER 7. GLOBAL FRICTION MODIFIERS MARKET SIZE & FORECASTS BY REGION 2022-2032

7.1. North America Friction Modifiers Market
  7.1.1. U.S. Friction Modifiers Market
    7.1.1.1. Design Breakdown Size & Forecasts, 2022-2032
    7.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
  7.1.2. Canada Friction Modifiers Market
    7.1.2.1. Design Breakdown Size & Forecasts, 2022-2032
    7.1.2.2. Application Breakdown Size & Forecasts, 2022-2032
7.2. Europe Friction Modifiers Market
  7.2.1. UK Friction Modifiers Market
  7.2.2. Germany Friction Modifiers Market
  7.2.3. France Friction Modifiers Market
  7.2.4. Spain Friction Modifiers Market
  7.2.5. Italy Friction Modifiers Market
  7.2.6. Rest of Europe Friction Modifiers Market
7.3. Asia-Pacific Friction Modifiers Market
  7.3.1. China Friction Modifiers Market
  7.3.2. India Friction Modifiers Market
  7.3.3. Japan Friction Modifiers Market
  7.3.4. Australia Friction Modifiers Market
  7.3.5. South Korea Friction Modifiers Market
  7.3.6. Rest of Asia-Pacific Friction Modifiers Market
7.4. Latin America Friction Modifiers Market
  7.4.1. Brazil Friction Modifiers Market
  7.4.2. Mexico Friction Modifiers Market
  7.4.3. Rest of Latin America Friction Modifiers Market
7.5. Middle East & Africa Friction Modifiers Market
  7.5.1. Saudi Arabia Friction Modifiers Market
  7.5.2. South Africa Friction Modifiers Market
  7.5.3. Rest of Middle East & Africa Friction Modifiers Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. BASF SE
  8.1.2. Afton Chemical Corporation
  8.1.3. Croda International Plc
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. BASF SE
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Market Strategies
  8.3.2. Afton Chemical Corporation
  8.3.3. Croda International Plc
  8.3.4. Chevron Oronite Company LLC
  8.3.5. Infineum International Limited
  8.3.6. The Lubrizol Corporation
  8.3.7. Royal Dutch Shell PLC
  8.3.8. Lanxess AG
  8.3.9. Vanderbilt Chemicals LLC
  8.3.10. Parker Hannifin Corporation

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes

List Of Tables

LIST OF TABLES

TABLE 1. Global Friction Modifiers Market, Report Scope
TABLE 2. Global Friction Modifiers Market Estimates & Forecasts by Region 2022-2032 (USD Million/Billion)
TABLE 3. Global Friction Modifiers Market Estimates & Forecasts by Type 2022-2032 (USD Million/Billion)
TABLE 4. Global Friction Modifiers Market Estimates & Forecasts by Application 2022-2032 (USD Million/Billion)
TABLE 5. Global Friction Modifiers Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 6. Global Friction Modifiers Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 7. Global Friction Modifiers Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 8. Global Friction Modifiers Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 9. Global Friction Modifiers Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 10. Global Friction Modifiers Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 11. Global Friction Modifiers Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 12. Global Friction Modifiers Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 13. Global Friction Modifiers Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 14. Global Friction Modifiers Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 15. U.S. Friction Modifiers Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 16. U.S. Friction Modifiers Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
TABLE 17. U.S. Friction Modifiers Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
TABLE 18. Canada Friction Modifiers Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 19. Canada Friction Modifiers Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
TABLE 20. Canada Friction Modifiers Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
…..
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

List Of Figures

LIST OF FIGURES

FIG 1. Global Friction Modifiers Market, Research Methodology
FIG 2. Global Friction Modifiers Market, Market Estimation Techniques
FIG 3. Global Market Size Estimates & Forecast Methods.
FIG 4. Global Friction Modifiers Market, Key Trends 2023
FIG 5. Global Friction Modifiers Market, Growth Prospects 2022-2032
FIG 6. Global Friction Modifiers Market, Porter’s 5 Force Model
FIG 7. Global Friction Modifiers Market, PESTEL Analysis
FIG 8. Global Friction Modifiers Market, Value Chain Analysis
FIG 9. Global Friction Modifiers Market by Segment, 2022 & 2032 (USD Million/Billion)
FIG 10. Global Friction Modifiers Market by Segment, 2022 & 2032 (USD Million/Billion)
FIG 11. Global Friction Modifiers Market by Segment, 2022 & 2032 (USD Million/Billion)
FIG 12. Global Friction Modifiers Market by Segment, 2022 & 2032 (USD Million/Billion)
FIG 13. Global Friction Modifiers Market by Segment, 2022 & 2032 (USD Million/Billion)
FIG 14. Global Friction Modifiers Market, Regional Snapshot 2022 & 2032
FIG 15. North America Friction Modifiers Market 2022 & 2032 (USD Million/Billion)
FIG 16. Europe Friction Modifiers Market 2022 & 2032 (USD Million/Billion)
FIG 17. Asia-Pacific Friction Modifiers Market 2022 & 2032 (USD Million/Billion)
FIG 18. Latin America Friction Modifiers Market 2022 & 2032 (USD Million/Billion)
FIG 19. Middle East & Africa Friction Modifiers Market 2022 & 2032 (USD Million/Billion)
FIG 20. Global Friction Modifiers Market, Company Market Share Analysis (2023)
…..
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.