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Friction Modifiers Market: Overview

Friction modifiers, often referred to as boundary lubrication additives, are oil soluble chemicals used in lube oils as additives for transmissions and internal combustion engines. These lubricants are added to reduce wear and friction in machine components. They are essential in a borderline of lubrication regime, where these help prevent solid surfaces from greasing into each other, thereby reducing friction and wear. Although they signify only a small portion of the total engine oil market, they play a vital role in modern engine oils by reducing friction in major metal-metal interaction points in engines and transmissions. Apart from enhancing fuel economy by decreasing friction, these help minimize light surface contacts, reduce engine wear and noise, and help to avoid micro-pitting of metal surfaces when these are used in industrial gear lubricants.

Products that are used as friction modifiers include natural and synthetic fatty acids, esters, and few solid materials such as molybdenum disulfide and graphite. These molecules help provide a cushioning effect to coated surfaces when one surface comes in contact with another surface, provided the frictional contact is minimum. However, in case of a heavy contact, molecules are brushed off, thereby eliminating any potential benefits of additives.

The major function of a friction modifier differs based on its application. For instance, in a combustion engine, it reduces the amount of friction, thus gaining fuel economy. However, in industrial applications, automatic transmissions, and clutches, it reduces slippage and regulates friction to enhance efficiency. Friction modifiers are designed to increase lubricity of machine components or reduce friction in order to achieve better fuel economy. In the last few years, the U.S. government has increased the fuel economy standards to raise the Corporate Average Fuel Economy (CAFE) to 54.5miles/gallon. This is for gasoline engines only; however, there is a slight push for diesel engines as well. Reduction in viscosity of engine oils is required to achieve this goal.

Friction Modifiers Market: Drivers

The market for friction modifiers is driven by the increase in demand for fuel efficient lubricants, stringent regulations pertaining to fuel economy standards, and continuous development in technology for friction modifiers. Furthermore, expansion of the automotive industry and vehicle parc is anticipated to boost the market. However, shift in trend toward the usage of alternative fuel sources and expansion of the electric vehicles sector is anticipated to hinder the market.

The global friction modifiers market can be segmented based on type, function, and region. In terms of type, the global friction modifiers market can be divided into organic friction modifiers, and non-organic friction modifiers. The non-organic friction modifiers segment is further bifurcated into metallo-organic compounds and mechanical types. Based on function, the market can be classified into friction reduction, slippage reduction, and others.

Friction Modifiers Market: Regional Outlook

Based on region, the global friction modifiers market can be segmented into North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. In terms of consumption, Asia Pacific dominated the global friction modifiers market in 2017, closely followed by Europe and North America. The region is anticipated to dominate the global market during the forecast period. This can be ascribed to the recognition of countries such as China, Japan, South Korea, and India as automotive hubs. Owing to continuous progresses and modifications in technologies that are employed for manufacturing friction modifiers, significant investments in R&D activities are witnessed being in the region, in order to the improve friction modifiers.

Friction Modifiers Market: Key Players

Key players operating in the global friction modifiers market are Akzonobel N.V, Abitec Corporation, Adeka Corporation, Multisol Ltd., Wynn’s, Archoil, Nyco SA, PMC Biogenix, Inc., and CSW Industrials Inc. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Friction Modifiers Market

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