Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Friction Modifier Additives Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Friction
Modifier Additives Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Friction Modifier Additives Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Friction
Modifier Additives Market is offered. In
accordance with the report, the global Friction Modifier Additives Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
The lubricant industry is facing significant challenge to produce
additives that function optimally under long operating periods along with
improved vehicular fuel economy. One of the ways to address fuel economy is to
reduce engine oil viscosity. Friction modifiers are expected to play a
significant role in HDDEOs as mixed lubrication regimes are a dominant mode of
operation in modern heavy duty diesel engines.
Organic friction modifiers (OFMs) additives are mostly preferred in the lubrication of
automotive engines. OFMs and zinc dialkyldithiophosphates (ZDDPs) antiwear
additives react competitively on rubbing ferrous substrates in a tribological
contact. By carefully understanding the chemistry of OFMs, formulators of
additives can achieve application-specific lubricants that form ZDDP antiwear
films of optimum thickness and friction, hence delivering end users required
optimized lubricity, durability and environmental acceptability of the
formulation.
Automotive industry is experiencing rapid advancements in engine
hardware technology along with new additive formulations in order to meet new
standards for fuel economy and emissions reduction, driven by new legislative
standards around the world. More energy is required to move a thicker, higher
viscosity lubricant additive throughout an engine as compared to a thinner
lubricant additive. Hence, by conserving that energy, ultra-low viscosity
friction modifier lubricant additives can help improve fuel economy.
The purpose of lubricant additives is to reduce friction between the
two surfaces. In some cases, such as with worm gears, clutch engagements or
during gear change in a transmission, conventional base oils, extreme pressure
or anti-wear additives are often too chemically aggressive and fail to provide
enough lubricity. In such situations, friction modifiers are required to
increase oil lubricity and smoothen transition from one gear to another.
Friction modifiers additives used in these equipment are not only meant to
increase or decrease friction but also to smoothen transition from a dynamic
condition to a static condition.
Segment Covered:
This market intelligence
report on the global Friction Modifier Additives Market encompasses market segments based on application and country.
By
Application the global Friction Modifier Additives Market has been divided
into:
·
Automotive
·
Industrial
·
Aviation
·
Power Generation
·
Rail
By country/region,
the global Friction Modifier Additives Market has been divided into:
·
North America
(the U.S., Canada),
·
Latin America
(Brazil, Mexico, Argentina and other countries),
·
Europe (Germany,
France, the U.K., Spain, Italy, Russia, and other countries),
·
Asia Pacific
(India, Japan, China, Australia and New Zealand and other countries),
·
Middle East and
Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
·
Chemtura
Corporation
·
Afton Chemicals
Corporation
·
Multisol
(Brenntag Holding GmbH)
·
Wynn’s (Illinois
Tools Works, Inc.)
·
Archoil
·
Whitmore (CSW
Industrials)
·
International
Lubricants, Inc.
·
Others
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Friction Modifier Additives Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Friction
Modifier Additives Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Friction Modifier Additives Market is done by taking into account various parameters such as
company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Friction Modifier Additives caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Friction
Modifier Additives Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Friction Modifier Additives Market
v
Identification
of key factors driving investment opportunities in the Friction
Modifier Additives Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants