Industry Background:
Friction modifiers are a lubricant. This originally came in the use for limited-slip gear oils, slideway lubricants. The leading players are spending huge investments in research and development. The organic friction modifier is majorly used in the lubrication of aviation, automobile, power, and industrial components. This market has strong growth potential with the advancement of the automobile industry. Which the rising concern of green vehicle the industry will see a big threat in the future.This growth is primarily driven by High Growth on Automotive Industry, Rising Demand for Fuel Efficient Lubricants and Advancement in the Transportation Industry across the Globe.
Globally, a noticeable market trend is evident High Adoption in Emerging Countries Including India and China, Because Of Increasing Number of Automotive Manufacturers
. Major Manufacturers, such as Chemtura (United States), Afton Chemicals (United States), Multisol (England), Whitmore (United Kingdom), International Lubricants (United States), Archoil (United States), Croda Lubricants (England), Lubrizol (United States), Infineum (United Kingdom), Chevron Oronite (United States) and BASF (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Oct 2019, Otsuka Chemical America Inc. announced the expansion of its manufacturing units in Griffin. The company manufacturers’ friction modifier which is used in the manufacturing of brake pads. This enhancement provides additional warehouse places and other facilities.
Market Drivers
- High Growth on Automotive Industry
- Rising Demand for Fuel Efficient Lubricants
- Advancement in the Transportation Industry across the Globe
Market Trend
- High Adoption in Emerging Countries Including India and China, Because Of Increasing Number of Automotive Manufacturers
- High Demand of Inorganic Friction Modifier, Due To Its Cheap Price
Restraints
- Rising Demand of Substitute Products
Opportunities
Rising Number of Stringent Environmental Regulations and Development in Friction Modifier Additive Technologies
Challenges
High Adoption of Electric Vehicles
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Friction Modifier Study Sheds Light on
The Friction Modifier Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Friction Modifier industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Friction Modifier industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.