Organic friction modifier (OFM) additives are being increasingly used in lubrication of aviation, automobile, energy/ power, rail and industrial components. OFM additives can make a huge difference to the tribological characteristics of the lubricant. Thus, organic friction modifiers are emerging as essential additives in the lubrication of mechanical components and particularly of automobile engines where performance enhancements are persistently sough-after. In recent years, demand for OFM additives has increased to a significant extent owing to their benefits and superior functionality.
A recent report published by Future Market Insights (FMI) projects that the global organic friction modifier additives market will expand at a CAGR little under 5% during 2017 to 2022, to surpass a valuation of US$ 500 Mn. However, greater availability of similar and cost-effective alternatives such as detergent additives, oiliness agents, dispersant additives, corrosion and oxidation inhibitor anti-wear agents among others is expected to hamper the global sales of OFM additives. Besides, fluctuations in oil prices couple with uncertainties regarding upcoming polices in the oil and gas industry continue to pose a threat to the market.
Realising the opportunity, manufacturers are emphasising on capacity expansion and further enhancement of product efficacy. In addition, companies that are operating in the global organic friction modifier additives market are likely to concentrate on collaborations, partnerships, and M&A activities in order to gain competitive advantage. Market players are likely improve their sales and distribution network by entering into strategic partnerships and joint ventures. At the same time, many of the companies have stepped up efforts towards innovation.
Dow Chemical Company Limited, BASF SE, Multisol Ltd, Eastman Chemical Co., Cargill, Inc., Chemtura Corporation (LANXESS Solutions US, Inc.), International Lubricants Inc.,Celanese Corporation, Croda International Plc, and Afton Chemicals Corporation are among the top companies in the world that manufacture OFM additives.
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On the basis of additive type, the global organic friction modifier additives market is segmented into polymers, esters & amides, fatty acids and others. Among these, the polymers segment is expected to hold the top position throughout the forecast period. By 2017-end, this segment is expected to command for more than one-fourth share of the global market in terms of revenue. Towards the end of 2022, this segment is estimated to reach a valuation in excess of US$ 170 Mn, reflecting a steady CAGR.
On the basis of end use, the automobile lubricants segment is expected to retain its dominant position over 2022. The segment currently represents for the largest percentage of revenue share of the global market. During the assessment period, this segment is expected to surge at a CAGR of 4.8% to surpass a market valuation of US$ 220 Mn. Meanwhile, the industrial lubricants segment is expected to hold the second spot in 2017 and beyond.
Among regions, Asia-Pacific excluding Japan (APEJ) will continue to lead the global organic friction modifier additives market through 2022. In terms of revenue, the region currently represent a significant share of the global market and this trend is expected to continue over the next couple of years. Between 2017 and 2022, the region’s market is projected to soar at an above-average CAGR, and surpass a valuation of US$ 150 Mn. Demand for OFM additives has also escalated in the region owing to robust industrialization in emerging countries such as China and India.
Also, factors such as higher spending power and proliferation of the OFM additives manufacturing facilities is likely to influence the growth of the market in APEJ. The organic friction modifier additives market in North America is also expected to stay highly lucrative over the forecast period, exhibiting an impressive growth. This is primarily owing to a strong presence of well-establish market players in the region.
Principal Consultant
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End User :
The growth outlook for the organic friction modifier additives market is predicted to advance at a CAGR of 5% from 2022-to 2032.
The Asia-Pacific regions are anticipated to represent the largest share of the organic friction modifier additives market during the forecast period.
The organic friction modifier additives market is likely to hold a valuation of US$ 814.45 million by 2032.
The automobile lubricant industry sector is likely to remain the key driver in the organic friction modifier additives market.
1. Global Organic Friction Modifier Additives Market - Executive Summary
2. Global Organic Friction Modifier Additives Market Overview
2.1. Introduction
2.1.1. Global Organic Friction Modifier Additives Market Taxonomy
2.1.2. Global Organic Friction Modifier Additives Market Definition
2.2. Global Organic Friction Modifier Additives Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Organic Friction Modifier Additives Market Y-o-Y Growth
2.3. Global Organic Friction Modifier Additives Market Dynamics
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Organic Friction Modifier Additives Market Analysis and Forecast By Additive Type
3.1. Global Organic Friction Modifier Additives Market Size and Forecast By Additive Type, 2012-2022
3.1.1. Polymers Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Fatty Acids Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
3.1.3. Esters & Amides Market Size and Forecast, 2012-2022
3.1.3.1. Revenue (US$ Mn) Comparison, By Region
3.1.3.2. Market Share Comparison, By Region
3.1.3.3. Y-o-Y growth Comparison, By Region
3.1.4. Others Market Size and Forecast, 2012-2022
3.1.4.1. Revenue (US$ Mn) Comparison, By Region
3.1.4.2. Market Share Comparison, By Region
3.1.4.3. Y-o-Y growth Comparison, By Region
4. Global Organic Friction Modifier Additives Market Analysis and Forecast By End User
4.1. Global Organic Friction Modifier Additives Market Size and Forecast By End User, 2012-2022
4.1.1. Automobile Lubricants Market Size and Forecast, 2012-2022
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
4.1.2. Industrial Lubricants Market Size and Forecast, 2012-2022
4.1.2.1. Revenue (US$ Mn) Comparison, By Region
4.1.2.2. Market Share Comparison, By Region
4.1.2.3. Y-o-Y growth Comparison, By Region
4.1.3. Aviation Lubricants Market Size and Forecast, 2012-2022
4.1.3.1. Revenue (US$ Mn) Comparison, By Region
4.1.3.2. Market Share Comparison, By Region
4.1.3.3. Y-o-Y growth Comparison, By Region
4.1.4. Energy/ Power Generation Lubricants Market Size and Forecast, 2012-2022
4.1.4.1. Revenue (US$ Mn) Comparison, By Region
4.1.4.2. Market Share Comparison, By Region
4.1.4.3. Y-o-Y growth Comparison, By Region
4.1.5. Rail Lubricants Market Size and Forecast, 2012-2022
4.1.5.1. Revenue (US$ Mn) Comparison, By Region
4.1.5.2. Market Share Comparison, By Region
4.1.5.3. Y-o-Y growth Comparison, By Region
5. Global Organic Friction Modifier Additives Market Analysis and Forecast By Region
5.1. Global Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
5.1.1. North America Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
5.1.1.1. Revenue (US$ Mn) Comparison, By Additive Type
5.1.1.2. Revenue (US$ Mn) Comparison, By End User
5.1.2. Latin America Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
5.1.2.1. Revenue (US$ Mn) Comparison, By Additive Type
5.1.2.2. Revenue (US$ Mn) Comparison, By End User
5.1.3. Europe Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
5.1.3.1. Revenue (US$ Mn) Comparison, By Additive Type
5.1.3.2. Revenue (US$ Mn) Comparison, By End User
5.1.4. Japan Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
5.1.4.1. Revenue (US$ Mn) Comparison, By Additive Type
5.1.4.2. Revenue (US$ Mn) Comparison, By End User
5.1.5. APEJ Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
5.1.5.1. Revenue (US$ Mn) Comparison, By Additive Type
5.1.5.2. Revenue (US$ Mn) Comparison, By End User
5.1.6. MEA Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
5.1.6.1. Revenue (US$ Mn) Comparison, By Additive Type
5.1.6.2. Revenue (US$ Mn) Comparison, By End User
6. North America Organic Friction Modifier Additives Market Analysis and Forecast, By Country, 2012-2022
6.1. US Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
6.1.1. Revenue (US$ Mn) Comparison, By Additive Type
6.1.2. Revenue (US$ Mn) Comparison, By End User
6.2. Canada Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
6.2.1. Revenue (US$ Mn) Comparison, By Additive Type
6.2.2. Revenue (US$ Mn) Comparison, By End User
7. Latin America Organic Friction Modifier Additives Market Analysis and Forecast, By Country, 2012-2022
7.1. Brazil Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
7.1.1. Revenue (US$ Mn) Comparison, By Additive Type
7.1.2. Revenue (US$ Mn) Comparison, By End User
7.2. Mexico Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
7.2.1. Revenue (US$ Mn) Comparison, By Additive Type
7.2.2. Revenue (US$ Mn) Comparison, By End User
7.3. Argentina Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
7.3.1. Revenue (US$ Mn) Comparison, By Additive Type
7.3.2. Revenue (US$ Mn) Comparison, By End User
8. Europe Organic Friction Modifier Additives Market Analysis and Forecast, By Country, 2012-2022
8.1. Germany Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
8.1.1. Revenue (US$ Mn) Comparison, By Additive Type
8.1.2. Revenue (US$ Mn) Comparison, By End User
8.2. UK Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
8.2.1. Revenue (US$ Mn) Comparison, By Additive Type
8.2.2. Revenue (US$ Mn) Comparison, By End User
8.3. France Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
8.3.1. Revenue (US$ Mn) Comparison, By Additive Type
8.3.2. Revenue (US$ Mn) Comparison, By End User
8.4. Spain Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
8.4.1. Revenue (US$ Mn) Comparison, By Additive Type
8.4.2. Revenue (US$ Mn) Comparison, By End User
8.5. Italy Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
8.5.1. Revenue (US$ Mn) Comparison, By Additive Type
8.5.2. Revenue (US$ Mn) Comparison, By End User
8.6. Nordic Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
8.6.1. Revenue (US$ Mn) Comparison, By Additive Type
8.6.2. Revenue (US$ Mn) Comparison, By End User
9. Japan Organic Friction Modifier Additives Market Analysis and Forecast, By Country, 2012-2022
9.1. Japan Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
9.1.1. Revenue (US$ Mn) Comparison, By Additive Type
9.1.2. Revenue (US$ Mn) Comparison, By End User
10. APEJ Organic Friction Modifier Additives Market Analysis and Forecast, By Country, 2012-2022
10.1. China Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
10.1.1. Revenue (US$ Mn) Comparison, By Additive Type
10.1.2. Revenue (US$ Mn) Comparison, By End User
10.2. India Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
10.2.1. Revenue (US$ Mn) Comparison, By Additive Type
10.2.2. Revenue (US$ Mn) Comparison, By End User
10.3. Malaysia Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
10.3.1. Revenue (US$ Mn) Comparison, By Additive Type
10.3.2. Revenue (US$ Mn) Comparison, By End User
10.4. Thailand Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
10.4.1. Revenue (US$ Mn) Comparison, By Additive Type
10.4.2. Revenue (US$ Mn) Comparison, By End User
10.5. Singapore Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
10.5.1. Revenue (US$ Mn) Comparison, By Additive Type
10.5.2. Revenue (US$ Mn) Comparison, By End User
10.6. Australia Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
10.6.1. Revenue (US$ Mn) Comparison, By Additive Type
10.6.2. Revenue (US$ Mn) Comparison, By End User
11. MEA Organic Friction Modifier Additives Market Analysis and Forecast, By Country, 2012-2022
11.1. GCC Countries Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
11.1.1. Revenue (US$ Mn) Comparison, By Additive Type
11.1.2. Revenue (US$ Mn) Comparison, By End User
11.2. South Africa Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
11.2.1. Revenue (US$ Mn) Comparison, By Additive Type
11.2.2. Revenue (US$ Mn) Comparison, By End User
11.3. Nigeria Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
11.3.1. Revenue (US$ Mn) Comparison, By Additive Type
11.3.2. Revenue (US$ Mn) Comparison, By End User
11.4. Israel Organic Friction Modifier Additives Market Size and Forecast, 2012-2022
11.4.1. Revenue (US$ Mn) Comparison, By Additive Type
11.4.2. Revenue (US$ Mn) Comparison, By End User
12. Global Organic Friction Modifier Additives Market Company Share, Competition Landscape and Company Profiles
12.1. Company Share Analysis
12.2. Competition Landscape
12.3. Company Profiles
12.3.1. Chemtura Corporation
12.3.2. Afton Chemicals Corporation
12.3.3. Multisol
12.3.4. Wynn’s
12.3.5. Archoil
12.3.6. Whitmore
12.3.7. Croda International Plc
12.3.8. BASF SE
12.3.9. PMC Biogenix, Inc.
12.3.10. NYCO SA
12.3.11. Cargill, Inc.
13. Research Methodology
14. Secondary and Primary Sources
15. Assumptions and Acronyms
16. Disclaimer
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Organic Friction Modifier Additives Market
