Friction Modifier Additives Market
Friction modifier additives are used in engine oil for reducing friction and enhance the fuel-efficiency. Moreover, they also prevent the scoring, wear, and noise in the engine. Furthermore, they are also helpful in preventing micro pitting in industrial gear lubricants. Some of the major applications of friction modifier additives are automatic & manual transmission, gasoline engine oils, power steering, tractor hydraulic systems, and metalworking applications.
Market Dynamics
Growing mining activities around the globe are boosting demand for the Friction modifiers Additives market is expected to accelerate the friction modifier additives market growth. The growing use of gasoline engines in passenger cars and the advent of high diesel engines in commercial vehicles are some of the other trends in the market. All these factors are expected to propel the market growth.
Increasing mining activities around the globe are boosting the demand for the Friction modifiers Additives market is expected to accelerate the market growth of friction modifier additives. The growing use of gasoline engines in passenger cars and the advent of the high diesel engine in commercial vehicles are some of the other trends in the market. All these factors are expected to propel the market growth.
Decline in the use of automotive lubricant additives due to the increasing use of fuel cells on account of technological advancements are expected to hamper the market growth.
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