Organic Friction Modifier Additives Market - Forecast(2023 - 2028)

Report Code: CMR 41698 Report Format: PDF + Excel

Organic Friction Modifier Additives Market Overview

The organic friction modifier additives market globally is forecast to reach US$ 590 million by 2027 growing at a CAGR of 4.8% during 2022-2027. Organic friction modifier additives find their extensive uses for reducing friction and increasing lubricity in various automobile applications such as engine oils, clutch applications, transmissions, etc. The automobile industry is booming globally with increasing production and sales of automobiles and this will drive the growth of the market in the forecast period. For instance, as per the July 2021 report by the European Automobile Manufacturers Association, registration in passenger cars jumped by 25.2% in the first of 2021 in the European region. Furthermore, organic friction modifier additives are increasingly used in the lubricant formulation of aircraft and jet engine oils in the aerospace sector. The aerospace industry is expanding globally with increasing production and this will drive the growth of the market in the forecast period. As per the Commercial Market Outlook 2021-2040 report by Boeing, the global commercial fleet will reach 49,000 airplanes by 2040. The polymers additives will witness the highest demand in the forecast period. Fatty acids will witness significant demand in the market. The stringent environmental regulation regarding the use of organic molybdenum dithiocarbamate modifier might hinder the growth of the market in the forecast period.

COVID-19 Impact

The organic friction modifier additives market was moderately impacted by the COVID-19 pandemic. The growth of the market slowed down as the supply chain got disrupted and procurement of raw material was difficult during the pandemic. Market players had to implement new work strategies to keep their businesses afloat. As per the December 2020 COVID-19 report by Lanxess AG, the business was on course amid the pandemic owing to the timely decisions by the company. The business in the market was also slowed down due to the stagnant growth in the automobile sector. Going forward, the market will witness significant demand owing to the expanding automobile and aerospace sector.

Organic Friction Modifier Additives Market Report Coverage

The report: Organic Friction Modifier Additives Market Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Organic Friction Modifier Industry. 

By Type: Polymers, Esters and Amides, Glycerol Mono-Oleate, Oleyl Amide, Fatty Acids, Others

By End Use Industry: Automotive, Passenger Vehicle, Commercial Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle, Industrial, Aerospace, Forestry, Marine, Railway, Energy and Power, Agriculture, Others

By Geography: North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of Asia Pacific), South America (Brazil, Argentina, Colombia and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways:

  • The polymers additives are leading the organic friction modifier additives market. This type of modifier additives provides superior benefits in reducing friction in the boundary and mixed lubrication regimes, making them a desirable choice in the market.
  • The automobile sector will drive the growth of the market in the forecast period. According to the July 2021 data by the European Automobile Manufacturers Association, registrations in the passenger cars segment surged by 10.4% in June 2021 compared to the registrations done in June 2020.
  • The Asia-Pacific region will witness the highest demand for organic friction modifier additives owing to the expanding automobile sector in the region. For instance, according to the data by the China Association of Automobile Manufacturers, the production of passenger vehicles in China touched 1.767 million units in September 2021, jumping 18.1% month on month.

Figure: Asia Pacific Organic Friction Modifier Additives Market Revenue, 2021-2027 (US$ Billion)

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Organic Friction Modifier Additives Market - By Type

The polymers additives segment dominated the organic friction modifier additives market in 2021 and is growing at a CAGR of 5.2% in the forecast period. Polymeric organic friction modifier additives exhibit excellent friction-reducing properties in a wide range of engine oils. The polymers additives allow formulators to achieve the more demanding targets of improved fuel economy and reduced emissions. Owing to such robust properties, more research works are taking place in the polymers additives portfolio. Polymer-based organic friction modifier is used for enhancing lubrication efficiency and reducing energy consumption in the boundary-lubrication regime. Such high implementation of polymers additives will increase their demand in the organic friction modifier additives market during the forecast period. Fatty acids will witness significant demand in the forecast period.

Organic Friction Modifier Additives Market - By End Use Industry

The automobile industry dominated the organic friction modifier additives market in 2021 and is growing at a CAGR of 5.6% in the forecast period. Organic friction modifier additives such as polymer additives and fatty acids are used in the automobile industry for the lubrication of various automobile components. The automobiles demand is booming globally with the increase in production and sales units and this will drive the growth of the market in the forecast period. For instance, according to the October 2021 report by Maruti Suzuki, total sales in the mini and compact segment stood at 471,089 units between April-October in 2021-22 which was 430,851 units between April-October in 2020-21. Similarly, according to the July 2021 statistics by the European Automobile Manufacturers Association, in June 2021, passenger cars registrations increased with Germany witnessing the highest growth in the passenger cars segment with a 24.5% surge, followed by Spain (+17.1%) and Italy (+12.6%). Such massive growth in automobiles production globally will augment the higher use of organic friction modifier additives for lubrication of various automobile components which in turn will contribute to the market’s growth in the forecast period. The aerospace industry is projected to drive the growth of the market significantly in the forecast period.

Organic Friction Modifier Additives Market - By Geography

The Asia-Pacific region held the largest share in the organic friction modifier additives market in 2021 with a market share of up to 34%. The high demand for organic friction modifier additives in this region is attributed to their high uses in the booming automobile industry. As per the data by the China Association of Automobile Manufacturers, in September 2021, production of commercial vehicles reached 310000 units in China, surging 35.5% month on month. Similarly, as per the statistics by the India Brand Equity Foundation, sales in the Indian passenger vehicles increased as 261,633 units sold in April 2021, acquiring a market share of 12.9%. Such huge growth in the automobile sector in the region will amplify the higher utilization of organic friction modifier additives. The industrial sector will witness significant demand for organic friction modifier additives in the forecast period.

Organic Friction Modifier Additives Market – Drivers

The booming automobile sector will drive the growth of the market

The organic friction modifier additives such as polymers additives and fatty acids are massively utilized in the automobile sector for the lubrication application in engine oils, clutch applications, transmissions, etc. The automobile sector globally is booming and this will drive the growth of the market in the forecast period. For instance, according to the statistics by the China Association of Automobile Manufacturers, the new energy vehicles segment is anticipated to dominate the Chinese automotive market in the coming years where the annual sales volume of new energy vehicles is projected to reach 3 million units, compared to the 1.2-million-unit sales in 2019. Similarly, according to the report by the European Automobile Manufacturers Association, in April 2021, European Union’s commercial vehicles segment witnessed a rapid surge in new registrations of 179.2%, totalling 171,283 units. This huge demand for automobiles globally will stimulate the implementation of organic friction modifier additives which will drive the growth of the market in the forecast period.

Expanding aerospace sector will drive the growth of the market

Organic friction modifier additives are vastly associated with the aerospace sector as these additives are used for the lubrication of various aircraft components. The aerospace sector is expanding globally with increasing aircraft and this will contribute to the growth of the market in the forecast period. For instance, as per the Boeing’s World Air Cargo Forecast 2020-2039 report, 2430 freighters are forecast to be delivered by 2039. Similarly, according to the November 2021 data by Airbus, the company foresees demand for 39000 new freighters and passenger aircraft by 2040. Such massive expansion in the aerospace sector will increase the higher uses of organic friction modifier additives in the lubrication application which will contribute to the growth of the market in the forecast period.

Organic Friction Modifier Additives Market – Challenges

Strict regulations regarding the use of organic molybdenum dithiocarbamate might affect the market’s growth

Molybdenum dithiocarbamate is an indispensable lubricating friction modifier additive that has always been closely monitored by government bodies and this might affect the growth of the market in the forecast period. With the stringent global environmental requirements, the use of molybdenum dithiocarbamate has been under the scanner owing to its adverse effects on the environment. The August 2021 article by ScienceDirect states that it is urgent to implement excellent tribological properties of eco-friendly organic molybdenum friction modifiers. Such restrictions in the molybdenum dithiocarbamate modifier additive might affect the growth of the market in the forecast period.

Organic Friction Modifier Additives Industry Outlook

Investment in R&D activities, acquisitions, product and technology launches are key strategies adopted by players in the organic friction modifier additives market. Major players in the organic friction modifier additives market are:

  • Lanxess AG
  • International Lubricants Inc
  • Croda Technologies
  • Afton Chemical Corporation
  • BASF
  • Celanese Corporation
  • Multisol
  • DOW Chemicals
  • Others

Recent Developments

  • In April 2019, Lanxess AG launched its new organic lubricant additive Additin RC 3502 for passenger cars and high-performance engine oils. Such developments will expand the organic friction modifier additives portfolio in the forecast period.

Relevant Reports

Impact Modifier Market - Forecast(2021 - 2026)
Report Code: CMR 0412

Friction Modifiers Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 – 2026
Report Code: CMR 51431

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1. Organic Friction Modifier Additives Market- Market Overview
    1.1 Definitions and Scope
2. Organic Friction Modifier Additives Market- Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by End Use Industry
    2.3 Key Trends by Geography
3. Organic Friction Modifier Additives Market- Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Organic Friction Modifier Additives Market- Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Organic Friction Modifier Additives Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis - Major companies
6. Organic Friction Modifier Additives Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of substitutes
7. Organic Friction Modifier Additives Market-Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Product/Market life cycle
    7.4 Distributors Analysis - Major Companies
8. Organic Friction Modifier Additives Market– By Type (Market Size -US$ Million, Billion)
    8.1 Polymers
    8.2 Esters and Amides
        8.2.1 Glycerol Mono-Oleate
        8.2.2 Oleyl Amide
        8.2.3 Others
    8.3 Fatty Acids
    8.4 Others
9. Organic Friction Modifier Additives Market– By End Use Industry (Market Size -US$ Million, Billion)
    9.1 Automotive
        9.1.1 Passenger Vehicle
        9.1.2 Commercial Vehicle
            9.1.2.1 Light Commercial Vehicle
            9.1.2.2 Heavy Commercial Vehicle
    9.2 Industrial
    9.3 Aerospace
    9.4 Forestry
    9.5 Marine
    9.6 Railway
    9.7 Energy and Power
    9.8 Agriculture
    9.9 Others
10. Organic Friction Modifier Additives Market - By Geography (Market Size -US$ Million / Billion)
    10.1 North America
        10.1.1 USA
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 UK
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Netherlands
        10.2.6 Spain
        10.2.7 Russia
        10.2.8 Belgium
        10.2.9 Rest of Europe
    10.3 Asia Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 India
        10.3.4 South Korea
        10.3.5 Australia and New Zealand
        10.3.6 Indonesia
        10.3.7 Taiwan
        10.3.8 Malaysia
        10.3.9 Rest of Asia Pacific
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Colombia
        10.4.4 Chile
        10.4.5 Rest of South America
    10.5 ROW
        10.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 UAE
            10.5.1.3 Israel
            10.5.1.4 Rest of Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
11. Organic Friction Modifier Additives Market-Entropy
    11.1 New Product Launches
    11.2 M&A’s, Collaborations, JVs and Partnerships
12. Organic Friction Modifier Additives Market-Industry/Segment Competition Landscape Premium
    12.1 Company Benchmarking Matrix- Major Companies
    12.2 Market Share at Global Level- Major companies
    12.3 Market Share by Key Region- Major companies
    12.4 Market Share by Key Country- Major companies
    12.5 Market Share by Key Application - Major companies
    12.6 Market Share by Key Product Type/Product category- Major companies
13. Organic Friction Modifier Additives Market- Key Company List by Country Premium Premium 
14. Organic Friction Modifier Additives Market Company Analysis- Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Organic Friction Modifier Additive Market Analysis And Forecast By Additive Type Market 2019-2024 ($M)
1.1 Polymer Market 2019-2024 ($M) - Global Industry Research
1.2 Fatty Acid Market 2019-2024 ($M) - Global Industry Research
1.3 Ester Amide Market 2019-2024 ($M) - Global Industry Research
2.Global Organic Friction Modifier Additive Market Analysis And Forecast By End User Market 2019-2024 ($M)
2.1 Automobile Lubricant Market 2019-2024 ($M) - Global Industry Research
2.2 Industrial Lubricant Market 2019-2024 ($M) - Global Industry Research
2.3 Aviation Lubricant Market 2019-2024 ($M) - Global Industry Research
2.4 Energy/ Power Generation Lubricant Market 2019-2024 ($M) - Global Industry Research
2.5 Rail Lubricant Market 2019-2024 ($M) - Global Industry Research
3.Global Organic Friction Modifier Additive Market Analysis And Forecast By Additive Type Market 2019-2024 (Volume/Units)
3.1 Polymer Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Fatty Acid Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Ester Amide Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Organic Friction Modifier Additive Market Analysis And Forecast By End User Market 2019-2024 (Volume/Units)
4.1 Automobile Lubricant Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Industrial Lubricant Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Aviation Lubricant Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Energy/ Power Generation Lubricant Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Rail Lubricant Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Organic Friction Modifier Additive Market Analysis And Forecast By Additive Type Market 2019-2024 ($M)
5.1 Polymer Market 2019-2024 ($M) - Regional Industry Research
5.2 Fatty Acid Market 2019-2024 ($M) - Regional Industry Research
5.3 Ester Amide Market 2019-2024 ($M) - Regional Industry Research
6.North America Organic Friction Modifier Additive Market Analysis And Forecast By End User Market 2019-2024 ($M)
6.1 Automobile Lubricant Market 2019-2024 ($M) - Regional Industry Research
6.2 Industrial Lubricant Market 2019-2024 ($M) - Regional Industry Research
6.3 Aviation Lubricant Market 2019-2024 ($M) - Regional Industry Research
6.4 Energy/ Power Generation Lubricant Market 2019-2024 ($M) - Regional Industry Research
6.5 Rail Lubricant Market 2019-2024 ($M) - Regional Industry Research
7.South America Organic Friction Modifier Additive Market Analysis And Forecast By Additive Type Market 2019-2024 ($M)
7.1 Polymer Market 2019-2024 ($M) - Regional Industry Research
7.2 Fatty Acid Market 2019-2024 ($M) - Regional Industry Research
7.3 Ester Amide Market 2019-2024 ($M) - Regional Industry Research
8.South America Organic Friction Modifier Additive Market Analysis And Forecast By End User Market 2019-2024 ($M)
8.1 Automobile Lubricant Market 2019-2024 ($M) - Regional Industry Research
8.2 Industrial Lubricant Market 2019-2024 ($M) - Regional Industry Research
8.3 Aviation Lubricant Market 2019-2024 ($M) - Regional Industry Research
8.4 Energy/ Power Generation Lubricant Market 2019-2024 ($M) - Regional Industry Research
8.5 Rail Lubricant Market 2019-2024 ($M) - Regional Industry Research
9.Europe Organic Friction Modifier Additive Market Analysis And Forecast By Additive Type Market 2019-2024 ($M)
9.1 Polymer Market 2019-2024 ($M) - Regional Industry Research
9.2 Fatty Acid Market 2019-2024 ($M) - Regional Industry Research
9.3 Ester Amide Market 2019-2024 ($M) - Regional Industry Research
10.Europe Organic Friction Modifier Additive Market Analysis And Forecast By End User Market 2019-2024 ($M)
10.1 Automobile Lubricant Market 2019-2024 ($M) - Regional Industry Research
10.2 Industrial Lubricant Market 2019-2024 ($M) - Regional Industry Research
10.3 Aviation Lubricant Market 2019-2024 ($M) - Regional Industry Research
10.4 Energy/ Power Generation Lubricant Market 2019-2024 ($M) - Regional Industry Research
10.5 Rail Lubricant Market 2019-2024 ($M) - Regional Industry Research
11.APAC Organic Friction Modifier Additive Market Analysis And Forecast By Additive Type Market 2019-2024 ($M)
11.1 Polymer Market 2019-2024 ($M) - Regional Industry Research
11.2 Fatty Acid Market 2019-2024 ($M) - Regional Industry Research
11.3 Ester Amide Market 2019-2024 ($M) - Regional Industry Research
12.APAC Organic Friction Modifier Additive Market Analysis And Forecast By End User Market 2019-2024 ($M)
12.1 Automobile Lubricant Market 2019-2024 ($M) - Regional Industry Research
12.2 Industrial Lubricant Market 2019-2024 ($M) - Regional Industry Research
12.3 Aviation Lubricant Market 2019-2024 ($M) - Regional Industry Research
12.4 Energy/ Power Generation Lubricant Market 2019-2024 ($M) - Regional Industry Research
12.5 Rail Lubricant Market 2019-2024 ($M) - Regional Industry Research
13.MENA Organic Friction Modifier Additive Market Analysis And Forecast By Additive Type Market 2019-2024 ($M)
13.1 Polymer Market 2019-2024 ($M) - Regional Industry Research
13.2 Fatty Acid Market 2019-2024 ($M) - Regional Industry Research
13.3 Ester Amide Market 2019-2024 ($M) - Regional Industry Research
14.MENA Organic Friction Modifier Additive Market Analysis And Forecast By End User Market 2019-2024 ($M)
14.1 Automobile Lubricant Market 2019-2024 ($M) - Regional Industry Research
14.2 Industrial Lubricant Market 2019-2024 ($M) - Regional Industry Research
14.3 Aviation Lubricant Market 2019-2024 ($M) - Regional Industry Research
14.4 Energy/ Power Generation Lubricant Market 2019-2024 ($M) - Regional Industry Research
14.5 Rail Lubricant Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Organic Friction Modifier Additives Market Revenue, 2019-2024 ($M)
2.Canada Organic Friction Modifier Additives Market Revenue, 2019-2024 ($M)
3.Mexico Organic Friction Modifier Additives Market Revenue, 2019-2024 ($M)
4.Brazil Organic Friction Modifier Additives Market Revenue, 2019-2024 ($M)
5.Argentina Organic Friction Modifier Additives Market Revenue, 2019-2024 ($M)
6.Peru Organic Friction Modifier Additives Market Revenue, 2019-2024 ($M)
7.Colombia Organic Friction Modifier Additives Market Revenue, 2019-2024 ($M)
8.Chile Organic Friction Modifier Additives Market Revenue, 2019-2024 ($M)
9.Rest of South America Organic Friction Modifier Additives Market Revenue, 2019-2024 ($M)
10.UK Organic Friction Modifier Additives Market Revenue, 2019-2024 ($M)
11.Germany Organic Friction Modifier Additives Market Revenue, 2019-2024 ($M)
12.France Organic Friction Modifier Additives Market Revenue, 2019-2024 ($M)
13.Italy Organic Friction Modifier Additives Market Revenue, 2019-2024 ($M)
14.Spain Organic Friction Modifier Additives Market Revenue, 2019-2024 ($M)
15.Rest of Europe Organic Friction Modifier Additives Market Revenue, 2019-2024 ($M)
16.China Organic Friction Modifier Additives Market Revenue, 2019-2024 ($M)
17.India Organic Friction Modifier Additives Market Revenue, 2019-2024 ($M)
18.Japan Organic Friction Modifier Additives Market Revenue, 2019-2024 ($M)
19.South Korea Organic Friction Modifier Additives Market Revenue, 2019-2024 ($M)
20.South Africa Organic Friction Modifier Additives Market Revenue, 2019-2024 ($M)
21.North America Organic Friction Modifier Additives By Application
22.South America Organic Friction Modifier Additives By Application
23.Europe Organic Friction Modifier Additives By Application
24.APAC Organic Friction Modifier Additives By Application
25.MENA Organic Friction Modifier Additives By Application
26.Afton Chemical Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Multisol, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Archoil, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Whitmore, Sales /Revenue, 2015-2018 ($Mn/$Bn)