Organic Friction Modifier Additives Market
Organic Friction Modifier Additives Market: Polymers will continue to be the Leading Product Type Segment: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2022)
- 2017-10-03
- REP-GB-5089
- 170 pages
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An Incisive, In-depth Analysis on the Organic Friction Modifier Additives Market
This study offers a comprehensive, 360 degree analysis on the Organic Friction Modifier Additives market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Organic Friction Modifier Additives market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
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Request Covid -19 ImpactOrganic friction modifier (OFM) additives are being increasingly used in lubrication of aviation, automobile, energy/ power, rail and industrial components. OFM additives can make a huge difference to the tribological characteristics of the lubricant. Thus, organic friction modifiers are emerging as essential additives in the lubrication of mechanical components and particularly of automobile engines where performance enhancements are persistently sough-after. In recent years, demand for OFM additives has increased to a significant extent owing to their benefits and superior functionality. A recent report published by Future Market Insights (FMI) projects that the global organic friction modifier additives market will expand at a CAGR little under 5% during 2017 to 2022, to surpass a valuation of US$ 500 Mn. However, greater availability of similar and cost-effective alternatives such as detergent additives, oiliness agents, dispersant additives, corrosion and oxidation inhibitor anti-wear agents among others is expected to hamper the global sales of OFM additives. Besides, fluctuations in oil prices couple with uncertainties regarding upcoming polices in the oil and gas industry continue to pose a threat to the market.
Realising the opportunity, manufacturers are emphasising on capacity expansion and further enhancement of product efficacy. In addition, companies that are operating in the global organic friction modifier additives market are likely to concentrate on collaborations, partnerships, and M&A activities in order to gain competitive advantage. Market players are likely improve their sales and distribution network by entering into strategic partnerships and joint ventures. At the same time, many of the companies have stepped up efforts towards innovation. Dow Chemical Company Limited, BASF SE, Multisol Ltd, Eastman Chemical Co., Cargill, Inc., Chemtura Corporation (LANXESS Solutions US, Inc.), International Lubricants Inc.,Celanese Corporation, Croda International Plc, and Afton Chemicals Corporation are among the top companies in the world that manufacture OFM additives.
Global Organic Friction Modifier Additives Market: Key Segment Analysis
On the basis of additive type, the global organic friction modifier additives market is segmented into polymers, esters & amides, fatty acids and others. Among these, the polymers segment is expected to hold the top position throughout the forecast period. By 2017-end, this segment is expected to command for more than one-fourth share of the global market in terms of revenue. Towards the end of 2022, this segment is estimated to reach a valuation in excess of US$ 170 Mn, reflecting a steady CAGR.
On the basis of end use, the automobile lubricants segment is expected to retain its dominant position over 2022. The segment currently represents for the largest percentage of revenue share of the global market. During the assessment period, this segment is expected to surge at a CAGR of 4.8% to surpass a market valuation of US$ 220 Mn. Meanwhile, the industrial lubricants segment is expected to hold the second spot in 2017 and beyond.
Among regions, Asia-Pacific excluding Japan (APEJ) will continue to lead the global organic friction modifier additives market through 2022. In terms of revenue, the region currently represent a significant share of the global market and this trend is expected to continue over the next couple of years. Between 2017 and 2022, the region’s market is projected to soar at an above-average CAGR, and surpass a valuation of US$ 150 Mn. Demand for OFM additives has also escalated in the region owing to robust industrialization in emerging countries such as China and India. Also, factors such as higher spending power and proliferation of the OFM additives manufacturing facilities is likely to influence the growth of the market in APEJ. The organic friction modifier additives market in North America is also expected to stay highly lucrative over the forecast period, exhibiting an impressive growth. This is primarily owing to a strong presence of well-establish market players in the region.
“Organic Friction Modifier Additives Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022),” is a comprehensive study conducted by Future Market Insights that offers a pragmatic and all-inclusive analysis on the global market for organic friction modifier additives for the period of five years (2017-2022). FMI’s study offers an update on the latest trends in the industry and key developments with regards to market participants, proving an overview of the ongoing scenario of the global market for organic friction modifier additives. The study also covers information on sales revenue and performance of leading manufacturers of OFM additives in the last five years in order to offer analysis on historical market data. The gathered historical date has also been used as the starting point for accurately assessing market size forecast.
The study has also evaluated the market across different parameters for understanding the future prospects of the market. FMI’s study focuses on several objectives- gauging the scope of untapped and saturated market opportunities, understanding the competition and evaluating growth index of the market in key regions. Prominent product segments and target end user bases have also been analyzed in the course of the study.
Report Outline
Key findings from the study have been aligned in a sequential order, starting with an executive summary that comprise of the forecast on organic friction modifier additives market in key geographies. Next, the reader will come across an overview of the overall market for organic friction modifier additives, which comprise of a brief introduction to the market along with a standard definition – organic friction modifier additives. In this section, the reader will gain excess to data related to market forecast and annual growth of the market through Year-on-Year (Y-o-Y) growth rates. The study further offers analysis of dynamics of the global market for organic friction modifier additives by identifying key factors influencing the growth of market. The reader will also have a better understanding of market elements such as macroeconomics factors, industry trends, drivers & restraints and opportunities. The study examines the impact of each causative factor on the future prospect of the market. Cost structure, pricing, supply chain, distribution network and product life cycles have also been taken into account while compiling the findings from the study.
Study also thoroughly analyses an intensity map that exemplifies the presence of top companies in key regions. Further, the market has also been examined on the basis of key segments. FMI’s study elaborates the global market for organic friction modifier additives into three key segments – additive types, end user and region. The last section of the study delivers a detailed analysis of leading producers of organic friction modifier additives. Here, the reader will gain information about the competitive dashboard of the global market, with all the recent developments of organic friction modifier additives producers and their current market status.
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Scope of the Report
A strong and intensive research methodology has been used for making projections of the global market for organic modifier additives. Key merger and acquisitions that are influence the market have also been analyzed. In order to cater to universal patrons, the study provides market size values that have been standardized into US dollars (US$). The scope of the research is to enable reader to plan out strategies and take long-term decisions on further growth of business. Information provided through the study is likely to assist companies in identifying new growth opportunities and strengthening their presence on a global level.
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