Growth in Automotive Industry Anticipated to Drive Global Friction Modifier Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Friction modifier is polar molecules which are added to lubricants to reduce the light surface contacts for instance sliding and rolling of a machine design. They are also known as boundary lubrication additives. They work by forming an easily shearable film on metal surfaces. They serve various purposes based on the application. They are used in combustion engines to lower the amount of friction to enhance fuel economy. They are also used in automatic transmission and industrial applications to reduce slippage besides controlling friction & maximizing efficiency. They are classifies in two types: organic and inorganic friction modifiers. According to study, “Global Friction Modifier Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global friction modifier market are Lubrizol Corporation, Chevron Oronite Company LLC, Afton Chemical Corporation, Croda International PLC, BASF SE, Infineum International Limited, PMC Biogenix, Inc., Chemtura Corporation, BRB International BV, Kings Industries, Inc., Vanderbilt Chemicals, LLC, Abitec Corporation, Wynn’s, Adeka Corporation, Nyco SA, Dog Deutsche Oelfabrik Gesellschaft Für Chemische Erzeugnisse Mbh & Co. Kg, Akzonobel N.V., CSW Industrials Inc., Archoil, Multisol Ltd. Key manufacturers are increasing their manufacturing capacities in emerging regions like Asia-Pacific and this is anticipated to have a positive effect on the growth of the friction modifier additives market. Based on type, friction modifier market is segmented into organic friction modifiers and inorganic friction modifiers. Organic friction modifiers include esters & amides, fatty acids, and functional polymers. Inorganic friction modifiers include molybdenum compounds and nanoparticles (metal oxides, graphite). Organic friction modifiers segment holds major share in market owing to its versatility and environment-friendly properties. Based on function, market is segmented into slippage reduction, friction reduction, and others. Based on distribution channel, market is segmented into online sales channel and offline sales channel. In addition, based on application, market is segmented into industrial lubricants and transportation lubricants. Transportation lubricant includes passenger vehicle lubricants, commercial vehicle lubricants, marine lubricants and aviation lubricants. The friction modifier market is driven by high growth in automotive industry, followed by rise in advancement in the transportation industry across the globe and increase in demand for fuel efficient lubricants. However, high cost of production and shift in trend toward the usage of alternative fuel sources may impact the market. Moreover, growth in development in friction modifier additive technologies and rise in number of stringent environmental regulations are key opportunities for market. Furthermore, high demand of inorganic friction modifier due to its cheap price is a major trend for market. Based on geography, the Asian-Pacific region dominates the friction modifier market owing to rise in maintenance awareness of vehicles in consumers and rapid industrialization & increase in disposable income in the region. Whereas, the North-American and European regions are estimated to exhibit higher CAGR due to growth in vehicle & automotive industry and presence of key manufacturers over the forecast period. In upcoming years, it is predicted that future of the market will be bright as a result of increase in investment of individuals towards maintenance of their vehicles and rise in government awareness regarding the green environmental policies & raw material availability during the forecast period. For More Information on the research report, refer to below link:- Global Friction Modifier Market Related Report:- Friction Modifiers Market (Organic and Inorganic) for Transportation Lubricants (Commercial Vehicle, Passenger Vehicle, Aviation and Marine), and Industrial Lubricants Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023 Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Africa Friction Modifier Market, Afton Chemicals Friction Modifier Market Shares, Archoil Friction Modifier Market Revenue, Argentina Friction Modifier Market, Asia Pacific Friction Modifier Market, Brazil Friction Modifier Market, Canada Friction Modifier Market, Chemtura Friction Modifier Market Revenue, Chile Friction Modifier Market, China Friction Modifier Market, Columbia Friction Modifier Market, Europe Friction Modifier Market, France Friction Modifier Market, Friction Modifier Industry In Global, Friction Modifier Market In Global, Germany Friction Modifier Market, Global Friction Modifier Automotive Market, Global Friction Modifier Aviation Market, Global Friction Modifier Industry, Global Friction Modifier Industry Research Report, Global Friction Modifier Market, Global Friction Modifier Market Analysis, Global Friction Modifier Market Competition, Global Friction Modifier Market Forecast, Global Friction Modifier Market Future Outlook, Global Friction Modifier Market Growth, Global Friction Modifier Market Research Report, Global Friction Modifier Market Revenue, Global Friction Modifier Market Shares, Global Friction Modifier Market Size, Global Friction Modifier Mechanical Equipment Market, Global Friction Modifier Railway Transportation Market, Global Inorganic Friction Modifier Market, Global Organic Friction Modifier Market, India Friction Modifier Market, Industry Research Report Of Global Friction Modifier, International Lubricants Friction Modifier Market Size, Italy Friction Modifier Market, Japan Friction Modifier Market, Korea Friction Modifier Market, Marché mondial des modificateurs de friction, Margadh Mionathraithe Frithchuimilte Domhanda, Market Research Report Of Global Friction Modifier, Mercado Modificador de Fricción Global, Mexico Friction Modifier Market, Middle East Friction Modifier Market, Multisol Friction Modifier Market Size, Netherlands Friction Modifier Market, North Africa Friction Modifier Market, North America Friction Modifier Market, Peru Friction Modifier Market, Russia Friction Modifier Market, South Africa Friction Modifier Market, South America Friction Modifier Market, Spain Friction Modifier Market, Switzerland Friction Modifier Market, Turkey Friction Modifier Market, UK Friction Modifier Market, United States Friction Modifier Market, Whitmore Friction Modifier Market Sales, Wynn's Friction Modifier Market Shares, Глобальный рынок модификаторов трения, سوق تعديل الاحتكاك العالمي, 全球摩擦改性剂市场, 글로벌 마찰 수정 제 시장