Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

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

Friction Modifier Additives  | Coherent Market Insights

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.

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Friction Modifier Additives Market Report Coverage

Report Coverage Details
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
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Africa
Segments covered:
  • By Application: Automotive Lubricant, Industrial Lubricant, Aviation Lubricants, Power Generation Lubricants, and Rail Lubricants.
Companies covered:

Chemtura Corp., Afton Chemicals Corp., Multisol, Wynn’s, Archoil, and Whitmore

Growth Drivers:
  • Rising demand for organic friction modifier additives
  • Increasing demand for molybdenum containing engine oil
Restraints & Challenges:
  • Decline in use of automotive lubricant additives

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

Friction Modifier Additives  | Coherent Market Insights

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

Friction Modifier Additives  | Coherent Market Insights

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 

  • With passenger car motor oils (PCMOs), the new specification is called GF-6 which has two categories; GF-6A and GF-6B. GF-6A will cover existing oil grades while GF-6B will cover new grades with viscosities lower than 0W-20. For GF-6 the first license date is March 2018
  • The second engine oil specification is called PC-11 which is for heavy-duty engine oils (HDEOs). Its two categories are PC-11A and PC-11B. PC-11A will be compatible with the current HDEO category and have a high-temperature high shear (HTHS) of a minimum of 3.5. PC-11B is for new lower viscosity engine oils with an average HTHS of 2.9-3.2. PC-11 specification is expected to be implemented in March 2018
  • The third engine oil specification is the second generation GM specification called dexos1 which is due to be implemented in September 2016

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 

  1. Chemtura Corp.
  2. Afton Chemicals Corp.
  3. Multisol
  4. Wynn’s
  5. Archoil
  6. Whitmore

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:

  • This report provides in-depth analysis of the global friction modifier additives market and provides market size (US$ Million & Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • This study also provides impact analysis of Coronavirus (Covid-19) pandemic on friction modifier additives market.
  • It profiles key players in the global friction modifier additives market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Chemtura Corp., Afton Chemicals Corp., Multisol, Wynn’s, Archoil, and Whitmore
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global friction modifier additives market report caters to various stakeholders in this industry including investors, suppliers, friction modifier additives manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the friction modifier additives market

Detailed Segmentation:

  • Global Friction Modifier Additives Market, By Application:
    • Automotive Lubricant
    • Industrial Lubricant
    • Aviation Lubricants
    • Power Generation Lubricants
    • Rail Lubricants
  • Global Friction Modifier Additives Market, By Region:
    • North America
      • U.S.
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
      • Canada
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
    • Europe
      • U.K.
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
      • Germany
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
            • Rail Lubricants
      • France
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
      • Italy
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
      • Spain
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
      • Russia
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
      • Rest of Europe
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
    • Asia Pacific
      • China
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
      • India
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
      • Japan
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
      • ASEAN
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
      • Australia
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
      • South Korea
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
      • Rest of Asia Pacific
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
    • Latin America
      • Brazil
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
      • Mexico
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
      • Rest of Latin America
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
    • Middle East
      • GCC
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
      • Israel
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
      • Rest of Middle East
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
    • Africa
      • By Application:
        • Automotive Lubricant
        • Industrial Lubricant
        • Aviation Lubricants
        • Power Generation Lubricants
        • Rail Lubricants
      • Central Africa
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
      • South Africa
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
  • Company Profiles
    • Chemtura Corp. *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Afton Chemicals Corp.
    • Multisol
    • Wynn’s
    • Archoil
    • Whitmore

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Friction Modifier Additives Market – Impact of Coronavirus (Covid-19) Pandemic
    • Impact of Coronavirus – Overview
    • Impact Analysis, By Region
      • North America
      • Latin America
      • Europe
      • Asia Pacific
      • Middle East
      • Africa
  5. Global Friction Modifier Additives Market, By Application, 2017 - 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Automotive Lubricant
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Industrial Lubricant
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Aviation Lubricants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Power Generation Lubricants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Rail Lubricants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
  6. Global Friction Modifier Additives Market, By Region, 2017- 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Region, 2020 – 2027 (%)
    • North America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • China
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Middle East
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • GCC
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Africa
      • Market Share Analysis, By Sub-region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Sub-region, 2020 – 2027 (%)
        • North Africa
          • Sub-region Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Central Africa
          • Sub-region Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • South Africa
          • Sub-region Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Chemtura Corp.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Afton Chemicals Corp.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Multisol
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Wynn’s
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Archoil
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Whitmore
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Frequently Asked Questions

The market for friction modifier additives is estimated to surpass US$ 2,142.4 million by 2027, exhibiting a CAGR of 7.0% between 2020 and 2027.
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.
The friction modifier additives market is expected to exhibit a CAGR of 7.0% during the forecast period (2020-2027).
Major players operating in the global friction modifier additives market include Chemtura Corp., Afton Chemicals Corp., Multisol, Wynn’s, Archoil, and Whitmore.
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.
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.
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