The global friction modifier additives market size reached USD 1,551.1 million in 2022 and is expected to touch a valuation of USD 1,617.8 million in 2023.
Furthermore, with rising usage in automotive lubricants, aviation lubricants, rail lubricants, and several other applications, the overall sales of friction modifier additives are expected to rise at 4.3% CAGR from 2023 to 2033, reaching a valuation of USD 2,464.7 million by 2033.
Significant production volume of passenger cars, along with the booming automotive industry, are key driving factors of the global friction modifier additives market. Friction modifier additives are substances or oil-soluble chemicals added to lubricants to reduce friction and wear in machine components.
They have become essential, particularly in the boundary lubrication regime, where they prevent solid surfaces from coming into direct contact, thereby reducing friction and wear.
The rising focus on reducing friction in lubricated machine components to increase machines' energy efficiency and extend their life may continue to fuel the demand for friction modifier additives in the market. In terms of product type, the organic friction modifier additives segment is estimated to hold the highest share of the global friction modifier additives market.
The United States remains the primary consumer of friction modifier additives, and it is expected to account for a huge share of the global market during the forecast period.
This can be attributed to the rapid expansion of the automotive, rail, and aviation sectors, increasing consumption of lubricants, and growing focus on reducing emission levels. Friction modifier additives are set to account for around 12% of the global lubricant additive market.
| Report Attributes or Data Points | Details |
|---|---|
| Global Friction Modifier Additives Market Valuation in 2022 | USD 1,551.1 million |
| Estimated Global Market Share in 2023 | USD 1,617.8 million |
| Forecasted Global Market Size by 2033 | USD 2,464.7 million |
| Projected Global Market Growth Rate from 2023 to 2033 | 4.3% CAGR |
| Historical Market Growth Rate from 2018 to 2022 | 3.2% CAGR |
| Collective Value Share of 3 Top Performing Countries in 2022 | 25% |
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The global friction modifier additives market grew at around 3.2% CAGR during the historical period of 2018 to 2022. However, with the rising adoption of friction modifier additives across various end-use industries, the overall demand for friction modifier additives is set to rise at about 4.3% CAGR throughout 2023 and 2033.
Substantial growth in vehicle production and sales is expected to increase the consumption of friction modifier additives. Similarly, the growing need for increasing the performance of vehicles and expanding the lifespan of equipment is expected to elevate the demand for friction modifier additives over the forecast period.
In addition, the rapid expansion of the rail industry due to the increasing population in fast-growing nations, rising disposable income, and increasing government investments in many railway projects around the world is anticipated to accelerate growth in the market over the next ten years.
Growing Demand for Automotive Lubricants Worldwide
The oil's rheological properties must be changed to reduce friction brought on by lubricant churning and pumping. It is accomplished by using friction modifiers with high-viscosity and low-viscosity engine fluids.
The rapid expansion of the automotive industry across the world, along with growing interest in reducing friction in lubricated automotive parts to increase the efficiency of automobiles, is playing a key role in boosting growth in the friction modifier additives market, and the trend is likely to continue during the forecast period.
Automotive manufacturers continuously focus on using advanced oil additives to enhance fuel efficiency and reduce emissions requirements. For the new engine oil formulation, lubricant formulators are actively collaborating with friction modifier additive manufacturers.
Principal Consultant
Shifting trends towards electrification of road passenger transport appear likely to become more significant over the following ten years as more nations implement policies to lower carbon, particulate, and other emissions.
According to the research, diesel or fossil fuel limits have been brought on by the recent signing of the Paris Agreement, growing air quality concerns, and the diesel emissions crisis. While Athens, Madrid, and Mexico City have declared intentions to outlaw all diesel cars and vans by 2025, France may also outlaw all gasoline and diesel vehicles by 2040.
The change is gaining momentum as original equipment manufacturers (OEMs) disengage from ICEs. Volvo, for instance, has declared that it would stop producing new diesel engines after 2019. Penetration of battery-powered electric vehicles would significantly reduce the demand for vehicle lubricants, which, in turn, may hamper the friction modifier additives market.
Expansion of End-use Industries to Bolster the Demand for Friction Modifier Additives in the United States
As per FMI, the United States may continue to dominate the global market during the forecast period, accounting for around 15% share in 2022. The rapid expansion of end-use industries, including automotive, power generation, and aviation, the growing popularity of organic friction modifier additives, and the increasing focus on protecting equipment and extending its life are some key factors driving the United States market.
Friction modifier additives are increasingly used in the aviation sector in aircraft and jet engine oil. As the United States has one of the biggest air transportation networks in the world, it is emerging as a primary consumer of friction modifier additives across the world.
Similarly, the expansion of the railway sector in the United States due to rising government initiatives and investments is increasing the consumption of friction modifier additives, and the trend is likely to continue during the forecast period.
Friction modifiers are extensively used in the railway sector for reducing noise, extending rail & wheel life, and saving fuel. These factors are set to push the United States friction modifier additives market in the next decade.
| Regional Market Comparison | Global Market Share in Percentage |
|---|---|
| United States | 15% |
| Germany | 6.7% |
| Japan | 5.2% |
| Australia | 1% |
Increasing Use of Industrial Lubricants to Propel the Market in Japan
With the rapid expansion of the industrial sector and the growing usage of industrial lubricants, Japan is forecast to hold a market share of around 5.2% in the global friction modifier additives market in 2022.
Japan's industrial sector is diverse and a key producer of steel, paper, and cutting-edge technology. The country has significant growth in manufacturing industries, where friction modifier additives protect the machine parts from wear and loss of metal during boundary lubrication conditions.
The growing requirement to reduce friction in lubricated machine components to increase the efficiency of machines is expected to benefit the consumption level of friction modifier additives in the country. In addition, growth in the automotive, rail, and aviation sectors is likely to push the demand for friction modifier additives across Japan during the forthcoming decade.
| Regional Markets | CAGR (2023 to 2033) |
|---|---|
| United Kingdom | 3.8% |
| China | 4.8% |
| India | 5.1% |
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Organic Friction Modifier Additives to Gain Immense Popularity in 2022 and Beyond
As per FMI, the organic friction modifier additives segment may continue to dominate the global market during the forecast period, accounting for a sizable share of over 47.6%. This can be attributed to the rising end-user preference for organic friction modifier additives due to their eco-friendly nature, better friction-reducing properties, and increasing usage across the thriving automotive industry.
Organic friction modifier additives are surfactant molecules added to oils to reduce friction in the country lubricant regime. They are believed to work by forming an absorbed layer, which provides low friction. Organic friction modifier additives are compatible with the lubricants used in machines and car engines.
| Category | By Product Type |
|---|---|
| Top Segment | Organic |
| Market Share in Percentage | 22.5% |
| Category | By Application |
|---|---|
| Top Segment | Automobile Lubricants |
| Market Share in Percentage | 21.6% |
Need to Extend the Life of Equipment Will Push Adoption in Power Generation Lubricants
Based on the application, the automobile lubricants segment holds a massive share of the global friction modifier additives market, owing to the rapid expansion of the automotive industry across the world. However, demand for friction modifier additives is expected to show promising growth in the power generation sector over the forecast period.
Power generation has an environment with high temperature, pressure swings, extreme temperature, and pressure conditions, increasing equipment breakdown chances. It can be very expensive regarding equipment breakdown due to the increased seasonal change-outs.
To address this, people use friction modifier additives in power generation lubricants. Friction modifier additives with lubricants help to reduce friction and extend the life of the equipment.
Thus, the rising usage of friction modifier additives in power generation lubricants, along with increasing consumption of electricity across both developed and developing countries and rising government initiatives for improvement in power generation technologies, may continue to bolster market growth during the forecast period.
Several key market participants focus on manufacturing friction modifier additives with better anti-wear and anti-oxidation properties that significantly reduce fuel consumption and CO2 emissions. Furthermore, they are broadening their product portfolios by adding metal-free additives, which have the formulation of high-quality solutions that can cater to a wide range of applications.
For Instance,
In April 2019, LANXESS, a leading specialty chemicals company, launched Additin RC 3502, a new organic lubricant additive to reduce friction and deliver sustained performance & anti-wear protection.
| Attributes | Details |
|---|---|
| Estimated Market Size (2023) | USD 1,617.8 million |
| Projected Market Size (2033) | USD 2,464.7 million |
| Value-based CAGR (2023 to 2033) | 4.3% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Key Countries Covered | The United States, Canada, Brazil, Mexico, Germany, Italy, France, The United Kingdom, Spain, BENELUX, Russia, China, Japan, South Korea, India, Association of Southeast Asian Nations, Australia and New Zealand, GCC Countries, Turkey, South Africa |
| Key Segments Covered | By Product Type, By Application, and By Region |
| Key Companies Profiled | Adeka Corp; BRB International BV; King Industries Inc; Croda International Inc.; Chevron Corp; Lubrizol Corporation; BASF SE; Afton Chemicals Corporation; CSW Industrial; Wynn’s; Dorf Ketal; DOG Chemie; ABITEC; Lanxess; Others |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is valued at USD 564.1 million in 2023.
King Industries Inc, Adeka Corp and BRB International BV are key market players.
Organic segment is likely to remain preferred through 2033.
Players opt for mergers and acquisitions.
India, Japan, and the United States dominate the global market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Organic 5.2. Polymer 5.3. Fatty Acids 5.4. Esters & Amides 5.5. Inorganic 5.6. MoDTC 5.7. MoS2 5.8. Graphite 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Automobile Lubricants 6.2. Industrial Lubricants 6.3. Rail Lubricants 6.4. Aviation Lubricants 6.5. Power Generation Lubricants 6.6. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Adeka Corp 17.2. BRB International BV 17.3. King Industries Inc 17.4. Croda International Inc. 17.5. Chevron Corp 17.6. Lubrizol Corporation 17.7. BASF SE 17.8. Afton Chemicals Corporation 17.9. CSW Industrial 17.10. Wynn’s 17.11. Dorf Ketal 17.12. DOG Chemie 17.13. ABITEC 17.14. Lanxess 18. Assumptions & Acronyms Used 19. Research Methodology
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Friction Modifier Additives Market
