Friction Modifiers Market Growth Rate, Growth, New Launches

Posted by meera on October 14th, 2021

Global research report called Friction Modifiers Market was recently published by Reports and Data to provide guidance for business. The report also focuses on global major leading industry players of Friction Modifiers market providing information such as company profiles, product picture and specification, price, capacity, cost, production, revenue and contact information. Global Friction Modifiers market is expected to develop at a substantial CAGR in the coming years. The most significant factor driving the growth of this market is rising investments in market. Investments in the Friction Modifiers market have witnessed huge growth over the past few years. This report also states import and export consumption, supply and demand figures, cost, price, revenue and gross margins.

The global friction modifiers market is forecast to reach USD 1,195.7 Million by 2028, according to a new report by Reports and Data. The demand for the friction modifiers are propelling in various applications as incorporating these additives help reduce the frictional motions in the machineries and combustion hydraulic engines

Some of the leading market players in the global Friction Modifiers market including :

Lubrizol Corporation, Croda International PLC, Vanderbilt Chemicals, LLC, BASF SE, Chevron Corporation, F.I.L.A. Group, BRB International BV, Kings Industries, Inc., Afton Chemical Corporation, and LANXESS. 

Asia Pacific is expected to register fastest revenue CAGR between 2021 and 2028. Rapid revenue growth is attributed to factors such as increasing investments in research and development activities, rapidly growing industrial sector and building and construction sector and high demand for raw material across various sectors.

Market segment analysis:

Type of Modifiers Outlook (Revenue, USD Million; 2018-2028)

Organic Friction Modifiers (OFM)

Organomolybdenum Friction Modifiers (MoFM)

Polymer Friction Modifiers (PFM)

Dispersed Nanoparticles

Compound Types Outlook (Revenue, USD Million; 2018-2028)

Organic

Inorganic

Applications Outlook (Revenue, USD Million; 2018-2028)

Automotive

Engineering Vehicles

Aviation

Marine

Railway

Machinery

Others

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

North America (U.S., Canada, Mexico)

Europe (Italy, U.K., Germany, France, Rest of Europe)

Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Reasons for Buying this Report:

• The report focuses on market share, market size, revenue share, industry growth rate, regional bifurcation, and overall industry outlook.
• The study provides pin-point analysis for changing competitive dynamics.
• The report helps readers in understanding the product segments and their future growth.
• Analysts in this research report can quickly expand their business by focusing on various business and market strategies. 
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments.
• PEST analysis of the market in the five major regions.

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