Global Friction Modifiers Market, By Type (Organic Friction Modifiers and Inorganic Friction Modifiers), Formulation (Solvent-Based, Water-Based and UV-Cured), Substrate (Plastics, Ceramics and Glass, Textiles and Paper), Application (Advertising and Promotion, Ceramic Tiles Printing, Clothing and Household Textiles and Glass Printing), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Friction Modifiers Market
Data Bridge Market Research analyses that the friction modifiers market will witness a CAGR of 9.7% for the forecast period of 2022-2029. Friction modifiers market report analyses the growth, due to accelerating application of friction modifiers in advertising and promotions of various brands.
Friction modifiers, also known as boundary lubrication additives, are oil-soluble chemicals used in lubricants as transmission and internal combustion engine additives. These lubricants are used in machine components to reduce wear and friction. These modifiers are important in the lubrication regime's borderline, preventing solid surfaces from greasing into each other and thus reducing friction and wear.
The growing automotive industry and vehicle parking, as well as rising consumer preference for vehicle maintenance, are expected to drive the friction modifiers market over the forecast years. Rising demand for fuel-efficient lubricants, favourable government regulations for green procurement policies and easy availability of raw materials are all expected to drive the market forward in the coming years.
Furthermore, the addition of friction modifiers has proven to increase the equipment's life-time, thereby increasing demand. Also, the market's growth opportunities include stringent environmental regulations and advancements in friction modifier technologies. Friction modifiers are widely used in fine arts, advertising, and promotions. Advancements in friction modifier technologies may open up new market opportunities in the near future.
However, there are certain constraints and challenges that can impede market growth. The availability of less expensive substitutes such as oiliness agents, extreme pressure, and dispersant additives, as well as detergent additives, is likely to act as a market restraint. High volatility rates in raw materials would pose a serious barrier to the market growth in the coming years.
This friction modifiers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on friction modifiers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth. Product approvals, product launches, geographical expansions, technology
Global Friction Modifiers Market Scope and Market Size
Friction modifiers market is segmented on the basis of type, formulation, substrate and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the friction modifiers market is segmented into organic friction modifiers and inorganic friction modifiers.
- On the basis of formulation, the friction modifiers market is segmented into solvent-based, water-based, and UV-cured.
- On the basis of substrate, the friction modifiers market is segmented plastics, ceramics and glass, textiles, and paper.
- On the basis of application, the friction modifiers market is segmented into advertising and promotion, ceramic tiles printing, clothing and household textiles, glass printing.
Friction Modifiers Market Country Level Analysis
The friction modifiers market is analysed and market size, volume information is provided by country, type, formulation, substrate and application as referenced above.
The countries covered in the friction modifiers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the friction modifiers market and will continue to flourish its dominance during the forecast period due to the advancement of the marine industry in Asia Pacific. South Korea, China, and Japan are major countries in the manufacturing and use of various ships for various purposes.
The country section of the friction modifiers market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Friction Modifiers Market Share Analysis
The friction modifiers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to friction modifiers market.
Some of the major players operating in the friction modifiers market are Cabot Corporation, INX International Ink Co., Kornit DigitalMarabu GmbH & Co. KG, Nazdar, Nutec digital Ink, Sensient Imaging Technologies, Siegwerk Druckfarben AG & Co. KgaA, Sun Chemical, Toyo Ink Co., Ltd., and Wikoff Color Corporation, Whitmore Manufacturing, LLC., Amcor plc, HARVES Co., Ltd., Wihuri Group, Sigma Plastics Group, American Packaging Corporation., Cosmo Films Ltd., GMM Development Limited. and Curtiss-Wright Corporationamong others.
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