Organic Friction Modifier Additives Market Trends [2031]
Organic Friction Modifier Additives Market Trends [2031]
Segments - Organic Friction Modifier Additives Market by Type (Esters & Amides, Fatty Acids, Polymers, and Others), End-user (Automobile Lubricants, Aviation Lubricants, Energy/ Power Generation Lubricants, Industrial Lubricants, and Rail Lubricants), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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Report Description
Organic Friction Modifier Additives Market Outlook 2031
The global organic friction modifier additives market size was USD XX Million in 2022 and is likely to reach USD XX Million by 2031, expanding at a CAGR of XX% during 2023–2031. The market growth is attributed to the increasing use of these additives in various industrial processes.
Rising demand for automobile vehicles all across the globe is anticipated to boost the market during the assessment period. The rapid increase in the number of personal vehicles as well as public transportation is raising the requirement for efficient and effective lubricants. Additionally, due to the overuse of conventionally extracted lubricants such as petroleum, their reserves are depleting at an alarming rate. Thus, there is an increasing demand for effective alternatives to conventional lubricants, propelling market growth.
Additionally, the use and extraction of conventional lubricants pose considerable threats to the environment. The extraction and consumption of petroleum results in air pollution contributing to a significant increase in greenhouse gases. Excessive use of petrol has also resulted in oil spills and degradation of soil fertility. Thus, there is a growing importance towards environmentally friendly lubricants fueling market growth.
The COVID-19 pandemic hampered the market owing to the slowing or shutting down of most industries. Due to the rampant spread of the virus, most sectors, apart from healthcare and other emergency sectors, came to a halt. Due to the worldwide lockdowns, restrictions were imposed on the use of private as well as public transportation. This in turn reduced the demand for lubricants, thereby hindering the market.
Impact of Artificial Intelligence (AI) in Organic Friction Modifier Additives Market
The advent of Artificial Intelligence (AI) is projected to streamline the market during the forecast period. The Hybrid Intelligence Systems (HIS) can be used to find unconventional methods of organic lubricant extraction. AI is expected to accurately predict the global demand for organic lubricants. For instance,
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According to a September 2021 report published by the Journal of King Saud University, due to the depletion of conventional lubricants such as petroleum, an AI-based, data-driven system was developed to study the demand for crude oil among the public.
Organic Friction Modifier Additives Market Dynamics
Drivers
Growing focus on environmental health is projected to boost the market in the coming years. Due to the adverse effects of petroleum and petroleum-based lubricants on the environment, an increasing number of individuals as well as industries turning to using organic lubricants. Plant-based are found to cause less harm to the environment and are also proven to be strong, non-toxic, resilient, and heat resistant. These properties are conducive to the production of lubricants, thereby propelling demand.
Restraints
Lack of awareness of organic lubricants has the potential to pose a hindrance to market growth. Although petroleum-based lubricants cause considerable harm to the environment, most individuals as well as industries use them over organic lubricants due to lack of awareness or availability. Industries in low-income nations primarily use conventionally produced lubricants over organic ones owing to significant barriers to access as well as the lack of knowledge about these products.
Emerging Opportunities
Increasing use of self-lubricating organic additives is projected to streamline the market. The overuse of conventionally extracted toxic lubricants has led to considerable environmental damage, thus there is an urgent need for organic, self-lubricating materials. Organic lubricants such as graphene have the potential to resolve this need. Graphene possesses unique properties such as strength, thermal and electric conduction, and a smooth outer layer making it a favorable option in the production of self-lubricating additives.
Scope of the Organic Friction Modifier Additives Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Organic Friction Modifier Additives Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2020–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (Esters & Amides, Fatty Acids, Polymers, and Others), and End-user (Automobile Lubricants, Aviation Lubricants, Energy/ Power Generation Lubricants, Industrial Lubricants, and Rail Lubricants) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Afton Chemical; BASF SE; Cargill, Incorporated.; Celanese Corporation; Croda International Plc; Dow; Eastman Chemical Company; JAX Incorporated; LANXESS; and Multisol Ltd |
Market Segment Insights
Type Segment Analysis
Based on type, the organic friction modifier additives market is divided into esters & amides, fatty acids, polymers, and others. The polymer segment is expected to dominate the market during the projection period owing to its durable properties. Due to the toxicity of conventionally extracted lubricants, there has been a growing demand for organically produced, highly effective lubricants. Organic polymers are low-cost and nontoxic making them a favorable material for the production of polymers, thus boosting segment growth.
End-user Segment Analysis
Based on end-user, the global market is segregated into automobile lubricants, aviation lubricants, energy/ power generation lubricants, industrial lubricants, and rail lubricants. The automobile lubricants segment is projected to dominate the market during the forecast period owing to the increasing number of automobiles all across the globe. There has been an unprecedented growth of personal and industrial automobiles as a result of higher manufacturing capacity and rising standards of living with easy access to vehicles. These factors are projected to propel the segment growth.
The industrial lubricants segment is projected to register a considerable CAGR growth rate over the forecast period owing to the rapid growth of industrialization. In the last few decades, there has been a considerable proliferation of small-scale, more environmentally friendly businesses. A large number of businesses are growing aware of the detrimental effects of petroleum and are turning to the use of more environmentally friendly lubricants. This factor is projected to propel the market growth in the coming years.
Regional Outlook
In terms of region, the global organic friction modifier additives market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific region is expected to dominate the market during the projection period owing to the rapid expansion of industries. The presence of several large-scale industries in this region is creating an increasing demand for lubricants for application in various manufacturing activities. This is the major factor fueling market in the region.
Additionally, the rapidly increasing disposable income has raised the demand for consumer goods. Therefore, there is a proliferation of industries manufacturing such products to fulfill the growing demand. To ensure seamless production of goods and to minimize the wear and tear of equipment, there is a growing demand for more durable, high-quality lubricants in this region. These factors are projected to impel the market here during the forecast period.
North America is projected to register a considerable CAGR owing to the presence of a large number of market players. The availability of substantial capital along with the presence of modern infrastructure has caused a large number of industries to flourish over the last few decades. Additionally, the presence of the relevant market players has given individuals as well as industries easy access to organic modifiers, thereby propelling market growth.
Segments
The organic friction modifier additives market has been segmented on the basis of
Type
- Esters & Amides
- Fatty Acids
- Polymers
- Others
End-user
- Automobile Lubricants
- Aviation Lubricants
- Energy/ Power Generation Lubricants
- Industrial Lubricants
- Rail Lubricants
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Afton Chemical
- BASF SE
- Cargill, Incorporated.
- Celanese Corporation
- Croda International Plc
- Dow
- Eastman Chemical Company
- JAX Incorporated
- LANXESS
- Multisol Ltd
Competitive Landscape
Key players competing in the global organic friction modifier additives market are Afton Chemical; BASF SE; Cargill, Incorporated; Celanese Corporation; Croda International Plc; Dow; Eastman Chemical Company; JAX Incorporated; LANXESS; and Multisol Ltd.
These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide. For instance,
-
In August 2020, Afton Chemical partnered with the Singapore Chemical Additive Manufacturing facility to create a streamlined supply chain and present efficient solutions with regard to Gasoline Performance Additives in Asia.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Organic Friction Modifier Additives Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Organic Friction Modifier Additives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Organic Friction Modifier Additives Market - Supply Chain
4.5. Global Organic Friction Modifier Additives Market Forecast
4.5.1. Organic Friction Modifier Additives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Organic Friction Modifier Additives Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Organic Friction Modifier Additives Market Absolute $ Opportunity
5. Global Organic Friction Modifier Additives Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Organic Friction Modifier Additives Market Size and Volume Forecast by Types
5.3.1. Esters & Amides
5.3.2. Fatty Acids
5.3.3. Polymers
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Organic Friction Modifier Additives Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Organic Friction Modifier Additives Market Size and Volume Forecast by End Users
6.3.1. Automobile Lubricants
6.3.2. Aviation Lubricants
6.3.3. Energy/ Power Generation Lubricants
6.3.4. Industrial Lubricants
6.3.5. Rail Lubricants
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Organic Friction Modifier Additives Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Organic Friction Modifier Additives Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Organic Friction Modifier Additives Demand Share Forecast, 2019-2026
8. North America Organic Friction Modifier Additives Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Organic Friction Modifier Additives Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Organic Friction Modifier Additives Market Size and Volume Forecast by Types
8.4.1. Esters & Amides
8.4.2. Fatty Acids
8.4.3. Polymers
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Organic Friction Modifier Additives Market Size and Volume Forecast by End Users
8.7.1. Automobile Lubricants
8.7.2. Aviation Lubricants
8.7.3. Energy/ Power Generation Lubricants
8.7.4. Industrial Lubricants
8.7.5. Rail Lubricants
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Organic Friction Modifier Additives Demand Share Forecast, 2019-2026
9. Latin America Organic Friction Modifier Additives Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Organic Friction Modifier Additives Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Organic Friction Modifier Additives Market Size and Volume Forecast by Types
9.4.1. Esters & Amides
9.4.2. Fatty Acids
9.4.3. Polymers
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Organic Friction Modifier Additives Market Size and Volume Forecast by End Users
9.7.1. Automobile Lubricants
9.7.2. Aviation Lubricants
9.7.3. Energy/ Power Generation Lubricants
9.7.4. Industrial Lubricants
9.7.5. Rail Lubricants
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Organic Friction Modifier Additives Demand Share Forecast, 2019-2026
10. Europe Organic Friction Modifier Additives Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Organic Friction Modifier Additives Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Organic Friction Modifier Additives Market Size and Volume Forecast by Types
10.4.1. Esters & Amides
10.4.2. Fatty Acids
10.4.3. Polymers
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Organic Friction Modifier Additives Market Size and Volume Forecast by End Users
10.7.1. Automobile Lubricants
10.7.2. Aviation Lubricants
10.7.3. Energy/ Power Generation Lubricants
10.7.4. Industrial Lubricants
10.7.5. Rail Lubricants
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Organic Friction Modifier Additives Demand Share Forecast, 2019-2026
11. Asia Pacific Organic Friction Modifier Additives Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Organic Friction Modifier Additives Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Organic Friction Modifier Additives Market Size and Volume Forecast by Types
11.4.1. Esters & Amides
11.4.2. Fatty Acids
11.4.3. Polymers
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Organic Friction Modifier Additives Market Size and Volume Forecast by End Users
11.7.1. Automobile Lubricants
11.7.2. Aviation Lubricants
11.7.3. Energy/ Power Generation Lubricants
11.7.4. Industrial Lubricants
11.7.5. Rail Lubricants
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Organic Friction Modifier Additives Demand Share Forecast, 2019-2026
12. Middle East & Africa Organic Friction Modifier Additives Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Organic Friction Modifier Additives Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Organic Friction Modifier Additives Market Size and Volume Forecast by Types
12.4.1. Esters & Amides
12.4.2. Fatty Acids
12.4.3. Polymers
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Organic Friction Modifier Additives Market Size and Volume Forecast by End Users
12.7.1. Automobile Lubricants
12.7.2. Aviation Lubricants
12.7.3. Energy/ Power Generation Lubricants
12.7.4. Industrial Lubricants
12.7.5. Rail Lubricants
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Organic Friction Modifier Additives Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Organic Friction Modifier Additives Market: Market Share Analysis
13.2. Organic Friction Modifier Additives Distributors and Customers
13.3. Organic Friction Modifier Additives Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Afton Chemical
13.4.2. BASF SE
13.4.3. Cargill, Incorporated.
13.4.4. Celanese Corporation
13.4.5. Croda International Plc
13.4.6. Dow
13.4.7. Eastman Chemical Company
13.4.8. JAX Incorporated
13.4.9. LANXESS
13.4.10. Multisol Ltd
Methodology
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