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[ 英語タイトル ] 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


Product Code : MNMCH00109827
Survey : MarketsandMarkets
Publish On : February, 2021
Category : Chemicals and Advanced Materials
Study Area : Global
Report format : PDF
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[Report Description]

“Increasing transportation in emerging economies such as China, South Korea, and India are driving the growth of the friction modifiers market across the globe.”
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. Friction modifiers are also termed as antifriction additives. APAC is the manufacturing hub for automotive due to the increasing vehicle production in China and India. The growth of the friction modifiers market can be attributed to the continuous growth of the transportation industry in these emerging economies. In addition, governments in these countries are focusing on infrastructural developments such as building new road highways, ports, airports, railway infrastructure, and social infrastructure. Such factors are expected to impact the friction modifiers market in industrial as well as transportation lubricants applications. However, the introduction of electrical vehicles and alternate fuels act as challenges for the growth of the friction modifiers market.

“Among types, the inorganic segment is expected to lead the friction modifiers market between 2017 and 2022 in terms of value.”

Inorganic friction modifiers are the most widely used type of friction modifiers, as they enhance the life as well as the quality of lubricants wherein they are applied. Inorganic additives are cheaper than organic friction modifiers. Molybdenum compounds subsegment is estimated to account for the largest share of the inorganic friction modifiers in 2017.

“Among applications, the transportation lubricants segment is expected to lead the friction modifiers market during the forecast period, in terms of value.”
The transportation lubricants segment is further segmented into commercial vehicle, passenger vehicle, aviation, and marine. The passenger vehicle subsegment is expected to grow at the highest CAGR between 2017 and 2022. The high growth of the friction modifiers market is expected due to the increasing environmental and safety concerns. The increasing use of friction modifiers in transportation lubricants can help reduce greenhouse gas emissions and other types of environmental pollution.

“The friction modifiers market in APAC is projected to grow at the highest CAGR between 2017 and 2022 in terms of both, value and volume.”
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 expected to lead the friction modifiers market during the forecast period, owing to the increasing demand from emerging economies such as China, India, and South Korea due to the growing transportation sector and industrialization. Furthermore, due to the presence of major lubricant manufacturing companies in the region, the friction modifiers market is expected to witness significant growth in the region. The Asia Pacific friction modifiers market is also projected to grow at the highest CAGR between 2017 and 2022, in terms of value.

Breakdown of Primaries:
Primary interviews have been conducted with a number of industry experts to obtain information related to the friction modifiers market. The breakdown of primary interviews has been depicted below:
• By Company: Tier 1 - 30%, Tier 2 - 43%, and Tier 3 - 27%
• By Designation: C-Level Executives - 21%, Directors - 23%, and Others - 56%
• By Region: North America – 30%, Europe - 18%, Asia Pacific - 41%, and RoW - 11%


Key companies supplying friction modifiers are:
• Lubrizol (US)
• Afton (US)
• Infineum (UK)
• Chevron Oronite (US)
• Croda (UK)
• Chemtura (Germany)
• BASF (Germany)
• Kings Industries (US)
• BRB International (Netherlands)
• Vanderbilt Chemicals (US)

Research Coverage
This report segments the friction modifiers market on the basis of type, application, and region. It provides estimations for the overall value of the friction modifiers market and its subsegments across various regions. A detailed analysis of key players operating in the friction modifiers market has been conducted to provide insights into their businesses, products & services offered by them, key growth strategies adopted by them, and recent developments such as expansions, new product launches, and acquisitions undertaken by them.

Reasons to Buy the Report:
This report is expected to help leaders/new entrants in the friction modifiers market in the following ways:
• Provide a better understanding of the friction modifiers market
• Provide information on drivers, challenges, and opportunities influencing the growth of the friction modifiers market
• Gain insights regarding competitors and their positions in the friction modifiers market

TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 17
1.5 UNIT CONSIDERED 17
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.2 SECONDARY DATA 19
2.2.1.1 Key data from secondary sources 19
2.3 PRIMARY DATA 20
2.3.1.1 Key data from primary sources 20
2.3.1.2 Key industry insights 21
2.3.1.3 Breakdown of primary interviews 21
2.4 MARKET SIZE ESTIMATION 22
2.4.1 BOTTOM-UP APPROACH 22
2.4.2 TOP-DOWN APPROACH 23
2.5 DATA TRIANGULATION 24
2.6 ASSUMPTIONS 25
2.7 LIMITATIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 30
4.1 SIGNIFICANT OPPORTUNITIES IN ANTIFRICTION ADDITIVES MARKET 30
4.2 APAC ANTIFRICTION ADDITIVES MARKET, BY APPLICATION AND COUNTRY 31
4.3 ANTIFRICTION ADDITIVES MARKET, BY TYPE 31
4.4 ANTIFRICTION ADDITIVES MARKET ATTRACTIVENESS 32
5 MARKET OVERVIEW 33
5.1 INTRODUCTION 33
5.2 MARKET DYNAMICS 34
5.2.1 DRIVERS 34
5.2.1.1 Growing automotive industry and vehicle parc 34
5.2.1.2 Increasing demand for fuel-efficient lubricants 35
5.2.2 RESTRAINTS 35
5.2.2.1 Rise in demand for alternative fuels 35
5.2.3 OPPORTUNITIES 36
5.2.3.1 Stringent environmental regulations 36
5.2.3.2 Advancements in antifriction additive technologies 36
5.2.4 CHALLENGES 36
5.2.4.1 Shift toward fully electric vehicles 36
5.3 PORTER’S FIVE FORCES ANALYSIS 37
5.3.1 THREAT OF SUBSTITUTES 37
5.3.2 THREAT OF NEW ENTRANTS 38
5.3.3 BARGAINING POWER OF SUPPLIERS 38
5.3.4 BARGAINING POWER OF BUYERS 39
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 39
5.4 MACROECONOMIC INDICATORS 40
5.4.1 GDP GROWTH RATE FORECAST OF MAJOR ECONOMIES 40
5.4.2 TRENDS AND FORECAST OF OIL & GAS INDUSTRY 41
5.4.3 TRENDS AND FORECAST OF INFRASTRUCTURE INDUSTRY 42
5.4.4 TRENDS AND FORECAST OF AUTOMOTIVE INDUSTRY 43
6 ANTIFRICTION ADDITIVES MARKET, BY TYPE 45
6.1 INTRODUCTION 46
6.2 ORGANIC ANTIFRICTION ADDITIVES 47
6.2.1 FATTY ACIDS 49
6.2.2 ESTERS & AMIDES 50
6.2.3 FUNCTIONAL POLYMERS 51
6.3 INORGANIC ANTIFRICTION ADDITIVES 52
6.3.1 MOLYBDENUM COMPOUNDS 53
6.3.2 NANOPARTICLES 54
7 ANTIFRICTION ADDITIVES MARKET, BY APPLICATION 56
7.1 INTRODUCTION 57
7.2 TRANSPORTATION LUBRICANTS 58
7.2.1 COMMERCIAL VEHICLE LUBRICANTS 59
7.2.2 PASSENGER VEHICLE LUBRICANTS 60
7.2.3 AVIATION LUBRICANTS 61
7.2.4 MARINE LUBRICANTS 62
7.3 INDUSTRIAL LUBRICANTS 64

8 ANTIFRICTION ADDITIVES MARKET, BY REGION 65
8.1 INTRODUCTION 66
8.2 NORTH AMERICA 67
8.2.1 US 71
8.2.2 CANADA 72
8.2.3 MEXICO 73
8.3 EUROPE 74
8.3.1 GERMANY 78
8.3.2 NETHERLANDS 79
8.3.3 ITALY 80
8.3.4 SPAIN 81
8.3.5 POLAND 82
8.3.6 UK 83
8.3.7 RUSSIA 84
8.3.8 FRANCE 85
8.4 APAC 86
8.4.1 CHINA 90
8.4.2 SOUTH KOREA 91
8.4.3 JAPAN 92
8.4.4 SINGAPORE 93
8.4.5 MALAYSIA 94
8.4.6 INDIA 95
8.5 MIDDLE EAST & AFRICA 96
8.5.1 IRAN 99
8.5.2 SOUTH AFRICA 100
8.6 SOUTH AMERICA 101
8.6.1 BRAZIL 104
9 COMPETITIVE LANDSCAPE 105
9.1 OVERVIEW 105
9.2 MARKET RANKING ANALYSIS 106
9.2.1 LUBRIZOL 106
9.2.2 AFTON 106
9.2.3 INFINEUM 106
9.2.4 CHEVRON ORONITE 106
9.2.5 CRODA 106
9.3 COMPETITIVE SCENARIO 107
9.3.1 EXPANSION 107
9.3.2 NEW PRODUCT LAUNCH 108
9.3.3 ACQUISITION 108

10 COMPANY PROFILES 109
(Business overview, Products offered, Recent developments, SWOT analysis & MnM View)*
10.1 LUBRIZOL CORPORATION 109
10.2 AFTON CHEMICAL CORPORATION 111
10.3 INFINEUM INTERNATIONAL LIMITED 113
10.4 CHEVRON ORONITE COMPANY LLC 115
10.5 CRODA INTERNATIONAL PLC 117
10.6 BASF SE 119
10.7 CHEMTURA CORPORATION 121
10.8 KINGS INDUSTRIES, INC. 122
10.9 BRB INTERNATIONAL BV 123
10.10 VANDERBILT CHEMICALS, LLC 124
*Details on Business overview, Products offered, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.
10.11 OTHER MARKET PLAYERS 125
10.11.1 CSW INDUSTRIALS INC. 125
10.11.2 ABITEC CORPORATION 125
10.11.3 WYNN’S 125
10.11.4 ADEKA CORPORATION 125
10.11.5 ARCHOIL 125
10.11.6 MULTISOL LTD. 125
10.11.7 PMC BIOGENIX, INC. 125
10.11.8 NYCO SA 125
10.11.9 DOG DEUTSCHE OELFABRIK GESELLSCHAFT FÜR CHEMISCHE ERZEUGNISSE MBH & CO. KG 126
10.11.10 AKZONOBEL N.V. 126
11 APPENDIX 127
11.1 DISCUSSION GUIDE 127
11.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 130
11.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 132
11.4 AVAILABLE CUSTOMIZATIONS 133
11.5 RELATED REPORTS 133
11.6 AUTHOR DETAILS 134

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