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

By Type;

Organic and Inorganic.

By Application;

Transport Lubricants and Industrial Lubricants.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn158019914 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Friction Modifiers Market (USD Million), 2021 - 2031

In the year 2024, the Global Friction Modifiers Market was valued at USD 1,043.22 million. The size of this market is expected to increase to USD 1,336.27 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.6%.

The global friction modifiers market is experiencing significant growth as industries worldwide seek to enhance the efficiency and longevity of their mechanical systems. Friction modifiers are specialized additives used in lubricants and coatings to reduce friction and wear between surfaces in motion. These modifiers play a crucial role in improving the performance of engines, machinery, and various mechanical components, thereby extending their operational lifespan and reducing maintenance costs.

The increasing demand for friction modifiers can be attributed to the growing automotive and industrial sectors, where the need for high-performance lubricants and coatings is paramount. In the automotive industry, friction modifiers contribute to better fuel efficiency and reduced emissions by minimizing friction between engine components. Similarly, in industrial applications, these additives help in improving the efficiency of machinery and equipment, leading to enhanced productivity and cost savings.

Technological advancements and innovations in friction modifier formulations are driving the market forward. Research and development activities are focusing on creating more effective and environmentally friendly additives. For instance, there is a growing trend towards developing bio-based friction modifiers and those with lower environmental impact, aligning with global sustainability goals and regulations.

Geographically, the market for friction modifiers is witnessing varying growth rates, with emerging economies showing robust expansion due to rapid industrialization and increased automotive production. Regions like Asia-Pacific are becoming significant contributors to market growth, while established markets in North America and Europe continue to evolve with advancements in technology and stricter environmental standards. The dynamic nature of this market reflects the ongoing efforts to address performance challenges and regulatory requirements across different industries.

  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 Modifiers Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising automotive industry demand
        2. Increased focus on safety standards
        3. Technological advancements in materials
        4. Growing industrial applications
      2. Restraints
        1. High production costs
        2. Environmental regulations
        3. Raw material shortages
        4. Market competition intensity
      3. Opportunities
        1. Expansion into emerging markets
        2. Innovative product developments
        3. Sustainable material usage
        4. Strategic partnerships and alliances
    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 Modifiers Market, By Type, 2021 - 2031 (USD Million)
      1. Organic
      2. Inorganic
    2. Global Friction Modifiers Market, By Application, 2021 - 2031 (USD Million)
      1. Transport Lubricants
      2. Industrial Lubricants
    3. Global Friction Modifiers 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. Lubrizol Corporation
      3. Chevron Oronite Company LLC
      4. Afton Chemical Corporation
      5. Evonik Industries AG
      6. TotalEnergies SE
      7. ExxonMobil Chemical Company
      8. Royal Dutch Shell plc
      9. Hitachi Chemical Company, Ltd
      10. Infineum International Limited
  7. Analyst Views
  8. Future Outlook of the Market