Global Friction Modifiers market is anticipated to reach USD 1.02 Billion, growing at an impressive CAGR during the forecast period, due to the rising need for fuel efficient lubricants in the automobile industry. Based on the type, the Global Friction Modifiers market has been segmented into Organic and Inorganic. Organic segment of the friction modifier market is expected to grow at the highest CAGR in the forecast period due to the its versatility and environment-friendly properties. Based on the application, the Global Friction Modifiers market is categorised into Transportation Lubricants and Industrial Lubricants. Transportation lubricant segment is expected to occupy the lion share in the forecast period due to the rising usage of friction modifiers in passenger vehicle and public transports because of elevating environmental concerns. Geographically, the market has been segmented into Asia-Pacific, North America, South America, Middle East & Africa and Europe. Asia-Pacific region is anticipated to grow at the highest CAGR during the forecast period due to the rising demand for friction modifiers in the automotive industry.
Some of the leading players in the Global Friction Modifiers Market are Lubrizol, Afton, Infineum, Chevron Oronite, Croda, Chemtura, BASF, Kings Industries, BRB International, and Vanderbilt Chemicals.
Objective of the Study
- To analyse and forecast the market size of Global Friction
Modifiers Market, in terms of value and volume.
- To classify and forecast Global Friction Modifiers Market based
on type, application and regional distribution.
- To identify drivers and challenges for Global Friction Modifiers Market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in Global Friction Modifiers Market.
- To conduct the pricing analysis for Global Friction Modifiers Market.
- To identify and analyse the profile of leading players involved in
the manufacturing of Global Friction Modifiers.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analysed the service offerings, distribution channels and presence of all major collaboration solution providers across the globe.
Market Insights Research calculated the market size of Global
Key Target Audience
- Friction Modifiers
Manufacturers
- Suppliers and Distributors
- End Users
- Market Research Firms
- Government Institutions
- Industry associations and
experts
- Research organizations and
consulting companies
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, Volume in
Units and CAGR for 2017-2021 and 2022E-2027F
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Report coverage
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Revenue forecast, volume forecast,
company share, competitive landscape, growth factors, and trends
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Segments covered
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Regional scope
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North America; Europe; Asia Pacific;
South America; Middle East & Africa
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Country scope
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United States, Mexico, Canada, China,
India, Japan, South Korea, Australia; New Zealand, Germany, France, United
Kingdom, Spain, Italy, Russia, Poland, Netherlands, South Africa, Saudi
Arabia, Brazil, Argentina, Colombia, Chile
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Key companies profiled
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Lubrizol, Afton, Infineum, Chevron
Oronite, Croda, Chemtura, BASF, Kings Industries, BRB International, and
Vanderbilt Chemicals.
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Customization scope
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10% free report customization with
purchase. Addition or alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to
meet your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
request)
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