Global Friction Modifier Additives Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Organic, Inorganic, and Hybrid.

By Application;

Automotive Lubricant, Industrial Lubricant, Aviation Lubricants, Power Generation, Lubricants, and Rail Lubricants.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn212088020 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Friction Modifier Additives Market (USD Million), 2021 - 2031

In the year 2024, the Global Friction Modifier Additives Market was valued at USD 1,333.08 million. The size of this market is expected to increase to USD 1,730.76 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.8%.

The global friction modifier additives market has experienced significant growth due to increasing demand across various industries, including automotive, aerospace, and manufacturing. Friction modifier additives are essential components used to enhance the performance and longevity of lubricants by reducing friction and wear between moving surfaces. These additives are formulated to provide superior lubrication properties, which in turn improve the efficiency and reliability of machinery and engines.

Recent advancements in technology have driven innovation in the development of friction modifier additives. Manufacturers are investing in research and development to create more effective and environmentally friendly additives. This trend is supported by growing regulations and standards aimed at reducing environmental impact and improving energy efficiency. The automotive industry, in particular, has seen a surge in the use of friction modifier additives to meet stringent emissions and fuel economy regulations.

The market dynamics are influenced by several key factors, including the increasing adoption of advanced automotive technologies, such as electric and hybrid vehicles. These vehicles require specialized lubricants that incorporate advanced friction modifiers to ensure optimal performance and energy efficiency. Additionally, the rise in industrial activities and manufacturing processes globally has led to higher demand for friction modifier additives to improve operational efficiency and reduce maintenance costs.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Asia-Pacific is anticipated to be a major growth driver due to rapid industrialization, urbanization, and increasing automotive production in the region. As the market evolves, stakeholders are focusing on strategic collaborations and acquisitions to expand their product offerings and strengthen their market position.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Friction Modifier Additives Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing automotive production volumes
        2. Rising demand for fuel efficiency
        3. Technological advancements in additives
        4. Growing automotive aftermarket sector
      2. Restraints
        1. Stringent environmental regulations
        2. High manufacturing costs
        3. Limited raw material availability
        4. Volatile raw material prices
      3. Opportunities
        1. Expansion in emerging markets
        2. Innovation in additive formulations
        3. Growing electric vehicle adoption
        4. Increased focus on sustainability
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Friction Modifier Additives Market, By Type, 2021 - 2031 (USD Million)
      1. Organic
      2. Inorganic
      3. Hybrid
    2. Global Friction Modifier Additives Market, By Application, 2021 - 2031 (USD Million)
      1. Automotive Lubricant
      2. Industrial Lubricant
      3. Aviation Lubricants
      4. Power Generation
      5. Lubricants
      6. Rail Lubricants
    3. Global Friction Modifier Additives Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF SE
      2. Chevron Oronite
      3. Lubrizol Corporation
      4. Afton Chemical Corporation
      5. Infineum International Limited
      6. Evonik Industries AG
      7. Huntsman Corporation
      8. Clariant International Ltd
      9. Royal Dutch Shell plc
      10. TotalEnergies SE
  7. Analyst Views
  8. Future Outlook of the Market