Friction modifier additives are additives that are widely used in the engine oil to reduce friction. They are also known as boundary lubrication additives and also reduce the emissions. Natural and synthetic fatty acids, esters, molybdenum disulfide and graphite are some of the major raw materials used in the manufacturing of the friction modifier additives
The global metal & metal oxide nanoparticles market is projected to reach around US$ 2,142.4 million by the end of 2027, in terms of revenue, growing at CAGR of 7.0% during the forecast period (2020-2027).
Drivers:
Rising demand for organic friction modifier additives is expected to drive the market growth. Multiple properties of the friction modifier additives such as increase the lubricity and smoothen the transition from one speed to another are further expected to raise its demand. Moreover, the growing demand for Polymeric Friction Modifiers (PFMs) from the automotive industry is again anticipated to augment the market growth of the friction modifier additives.
Figure 1. Global Friction Modifier Additives Market Share (%) in terms of Value, By Region, in 2019
Asia Pacific region dominated the global friction modifier additives market in 2019, accounting for 32.7% share in terms of value, followed by Europe and North America, respectively.
Market Restraints
Availability of low-cost alternative of friction modifier additives such as detergent additives, extreme-pressure, dispersant additives, and corrosion inhibitor are expected to hinder the market growth. Also, the decline in the oil price is again expected to restrict the market growth of friction modifier additives.
Decline in use of automotive lubricant additives due to increasing use of fuel cells on the account of advancement in the technology is expected to hamper the market growth. This is a major restraint for the market growth as engine oil accounts for approximately 85% of the lubricant used in automotive applications. However, automobiles that are powered by fuel cells do not require engine oil.
| Report Coverage | Details | ||
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| Base Year: | 2019 | Market Size in 2019: | US$ 1,249.5 Mn |
| Historical Data for: | 2016 to 2019 | Forecast Period: | 2020 to 2027 |
| Forecast Period 2020 to 2027 CAGR: | 7.0% | 2027 Value Projection: | US$ 2,142.4 Mn |
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| Companies covered: |
Chemtura Corp., Afton Chemicals Corp., Multisol, Wynn’s, Archoil, and Whitmore |
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Market Opportunities
Growing adoption of dual-clutch transmissions, a passenger car that is popular across Western Europe, China, and the U.S. is expected to serve major growth opportunities to the market of friction modifier additives. These additives offer sophisticated frictional properties to the dual-clutch. Moreover, it also provides protection to the gear components and synchronized performance. Thus growing use of friction modifier additives in the dual-clutch transmissions is expected to augment the market growth.
Rising demand for an optimized fuel economy to reduce the friction in a thin layer and mixed lubrication conditions is expected to offer enormous opportunities to the market. Friction modifier additives contribute to fuel efficiency by offering shear thinning. Shear-thinning provides economic benefits, especially in mixed lubrication operations. Therefore, the growing demand for optimized fuel economy will favor the market growth
Figure 2. Global Friction Modifier Additives Market– Opportunity Analysis
Market Trends
Increasing demand for friction modifier additives in aviation lubricants especially for the gas turbine in aircraft is expected to foster the market growth. It ensures the maximum power output and cleanliness of modern transmissions engines. Moreover, growing demand for industrial lubricants in applications such as transformers, tanks, and gearboxes is expected to bolster the market growth of the friction modifier additives over the forecast period.
Partnership and collaborations by key manufacturers in the lubricants and additives market is a major trend. For instance, in March 2020, Red Line Synthetic Oil, a supplier of synthetic lubricants and additives, announced its new partnership with professional drag racing organization, Lex Joon Racing.
Figure 3. Global Friction Modifier Additives Market Share (%) in terms of Value, By Application, in 2019
On the basis of application in 2019, the automotive lubricants segment has accounted the largest market share of 45.6% in terms of value, followed by industrial lubricants and aviation lubricants segment respectively.
Regulations
ILSAC
International Lubricants Standardization and Approval Committee are formed by AAMA (American Automobile Manufacturers Association, representatives of DaimlerChrysler Corporation, Ford Motor Company, and General Motors Corporation) and JAMA (Japan Automobile Manufacturers Association). The three new engine oil specifications are
Global Friction Modifier Additives Market - Impact of Coronavirus (Covid-19) Pandemic
Due to the pandemic, lubricant industry have seen a significant impact, considering slowdown in transportation and industrial activity. Number of lubricant companies have postponed resumption of production owing to lower demand from end-users. According to Coherent Market Insights, demand for lubricants is expected to be on lower side in first half of 2020. Lockdown in several countries around the globe has resulted in a severe reduction in use of passenger cars which has impacted the demand for lubricants. The lower demand for lubricant is expected to impact market growth of friction modifier additives. According to Coherent Market Insights, friction modifier additives is expected to grow at a lower CAGR between 2020 and 2021.
Competitive Section:
Company Names
Friction modifier additives are used in the engine oil for reducing the friction and enhance the fuel-efficiency. Moreover, they also prevent the scoring, wear, and noise in the engine. Furthermore, it is also helpful in preventing micro pitting in industrial gear lubricants. Some of the major application of the 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 is boosting demand for the industrial lubricants 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.
Growing mining activities around the globe is boosting demand for the industrial lubricants 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 use of automotive lubricant additives due to increasing use of fuel cells on the account of advancement in the technology is expected to hamper the market growth.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
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