Friction Modifiers Industry

The global friction modifiers market size was estimated at USD 987.65 million in 2023 and is projected to grow at a CAGR of 3.8% from 2024 to 2030. Friction modifiers, also known as boundary lubrication additives, are oil-soluble chemicals used in lubricants for transmission and internal combustion engine applications. Their primary function is to reduce wear and friction in machine components by preventing solid surfaces from coming into direct contact, thus minimizing friction and wear. These additives play a crucial role in the boundary lubrication regime, where they form a protective layer to reduce friction and prevent metal-to-metal contact, contributing to the overall efficiency and longevity of machinery.

The demand for product has been driven by the need to minimize energy losses due to friction, thereby enhancing fuel economy and reducing wear on critical components. As the automotive industry continues to prioritize higher fuel efficiency and reduced emissions, the importance of product in lubrication solutions has grown significantly. These additives are essential for achieving smoother operation, enhanced durability, and improved performance in a wide range of applications, from passenger vehicles to heavy-duty industrial machinery.

Gather more insights about the market drivers, restrains and growth of the Global Friction Modifiers market

The demand for product is closely linked to the need for increased fuel efficiency and reduced emissions in the automotive industry. As manufacturers strive to develop more fuel-efficient vehicles in compliance with stringent environmental regulations, the use of product becomes crucial. These additives play a vital role in enhancing overall fuel economy, efficiency, and equipment lifespan, making them indispensable in the pursuit of sustainable development through reduced CO2 emissions.

Moreover, the market's growth is expected to be particularly pronounced in the Asia Pacific region, driven by the increasing demand for the automotive industry in this area. Overall, the product market is poised for substantial expansion, with a strong emphasis on meeting the evolving needs of the automotive and industrial sectors.

Key Friction Modifiers Company Insights

Some of the key players operating in the market include Cabot Corporation, Sensient Imaging Technologies, Kornit DigitalMarabu GmbH & Co. KG, INX International Ink Co., Nazdar, Nutec digital Ink, Siegwerk Druckfarben AG & Co. KgaA.

  • Cabot Corporation is renowned for delivering innovative performance solutions to a diverse range of industries. Cabot's product line includes rubber and specialty-grade carbon blacks, inkjet colorants, aerogel, specialty compounds, fumed metal oxides, and activated carbon.,
  • INX International Ink Co. is a global manufacturer of high-performance printing inks and coatings for commercial, packaging, and digital print applications. As a subsidiary of Sakata INX worldwide operations, INX offers its product portfolio across locations in North America, South America, and Europe.

Key Friction Modifiers Companies:

The following are the leading companies in the friction modifiers market. These companies collectively hold the largest market share and dictate industry trends.

  • 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.
  • 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.
  • Curtiss-Wright Corporation.

Recent Developments

  • In April 2023, Afton Chemical launched its "Dicyclopentadiene (DCPD) Friction Modifier" with a focus on enhancing fuel efficiency and providing enhanced wear protection for automotive engines.
  • In January 2024, Shell U.K. Limited acquired MIDEL and MIVOLT from M&I Materials Ltd. The products of the latter two will be produced and distributed as part of Shell’s Lubricants portfolio. The acquisition will help Shell to strengthen its position in Transformer Oils, which finds use in offshore wind parks, utility companies, and power distribution.
  • In September 2023, TotalEnergies Lubrifiants accelerated the inclusion of recycled plastics (50% PCR high-density polyethylene) in its lubricant’s bottles, following a pilot project launched in 2021 called Quartz Xtra bottles. This aims at contributing to a circular economy and in decline of usage of virgin plastic.

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