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市場調查報告書
商品編碼
945776

摩擦調整劑市場-成長、 趨勢,預測(2020年~2025年)

Friction Modifiers Market - Growth, Trends, and Forecasts (2022 - 2027)

出版日期: | 出版商: Mordor Intelligence | 英文 120 Pages | 商品交期: 2-3個工作天內

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簡介目錄

摩擦調整劑的市場在預測期間內預計將以在世界3%以上的年複合成長率增長。

  • 無摩擦潤滑劑的用途增加和開發中國家的汽車產業的需求增加帶動市場成長。
  • COVID-19發生將阻礙摩擦改性劑市場的增長。

本報告提供摩擦調整劑市場調查,提供市場概要,各類型·各終端用戶產業·各地區的市場趨勢,市場規模的變化與預測,市場促進·阻礙因素以及市場機會分析,市場佔有率,競爭情形,主要企業的簡介等全面性資訊。

目錄

第1章 簡介

第2章 調查手法

第3章 摘要整理

第4章 市場動態

  • 促進因素
    • 無摩擦潤滑劑的用途擴大
    • 汽車產業的需求不斷提升
  • 阻礙因素
    • COVID-19的影響
    • 其他阻礙因素
  • 產業的價值鏈分析
  • 波特五力分析
    • 新加入廠商的威脅
    • 買主談判力
    • 供應商談判力
    • 替代產品的威脅
    • 競爭

第5章 市場細分化

  • 各類型
    • 有機
    • 無機物
  • 各終端用戶產業
    • 汽車
    • 工業用
    • 海洋
    • 其他終端用戶產業
  • 各地區
    • 亞太地區
    • 北美
    • 歐洲
    • 南美
    • 中東·非洲

第6章 競爭情形

  • 合併和收購,合資企業,合作,及契約
  • Market Share/Ranking Analysis**
  • 主要企業採用的策略
  • 企業簡介
    • ABITEC Corporation
    • ADEKA CORPORATION
    • Afton Chemical Corporation
    • BASF SE
    • BRB International BV
    • Chevron Oronite Company LLC
    • Croda International PLC
    • CSW Industrials, Inc
    • Lubrizol Corporation
    • Multisol

第7章 市場機會及未來趨勢

  • 塗料的用途增加
  • 其他機會
簡介目錄
Product Code: 70159

The friction modifiers market is projected to register a CAGR of over 3% during the forecast period (2021-2026).

The market was negatively impacted by COVID-19 in 2020. Friction modifiers are additives that are mainly used in lubricants of the automotive industry. Owing to the pandemic scenario, the passenger air traveling facility was temporarily stopped during the lockdown, and even after the lockdown, people were not opting to travel frequently through airlines or personal vehicles. Thus, this led to a decrease in the consumption of aviation lubricants, as well as automobile lubricants, which, in turn, negatively impacts the demand for lubricant additives like friction modifiers.

Key Highlights

  • Over the short term, increasing applications for fuel-efficient lubricants are expected to drive the market's growth.
  • The declining automotive industry, growing usage of electric vehicles, and the negative impact of the COVID-19 pandemic are expected to hinder the market's growth.
  • The Asia-Pacific region is expected to dominate the market, and it is also likely to witness the highest CAGR during the forecast period.

Key Market Trends

Increasing Usage in the Industrial Sector

  • Friction modifiers are additives that are commonly used in lubricant applications to reduce the coefficient of friction and improve lubricity and energy efficiency in machines.
  • Friction modifiers are also called boundary lubrication additives. Esters, fatty acids, and other solid materials such as graphite and molybdenum are used for friction reduction purposes.
  • Inorganic friction modifiers are in high demand and are being used for different industrial applications. According to the National Bureau of Statistics of China, Chinese industrial production was increased by about 2.4% in 2020 compared to the previous year. Furthermore, the industrial production was increased by 7.3% year-on-year in December 2020, following an increase of 7% year-on-year in the previous month, thus led to an increase in the demand for friction modifiers for various industrial applications.
  • Friction modifiers are added to lubricants that are being used in internal combustion engines and transmissions. Key applications of friction modifiers include automatic and manual transmissions, hydraulic systems, shock absorbers, and metalworking applications.
  • Friction modifier properties help in reducing friction and increase fuel efficiency, and it can also prevent metal scoring, reduce engine wear and noise, and help to prevent micropitting of metal surfaces when used in industrial gear lubricants.
  • In 2019, the mining, quarrying, and manufacturing sector of 27 member countries of the European Union (EU-27) accounted for total production sales of about USD 5,915.87 billion. The annual average industrial production for the year 2020, compared with 2019, fell by 8.7% in the euro area (EU-16) and by 8% in the EU (EU-27).
  • The impact of the COVID-19 in every region led to a shutdown in production and manufacturing units. Due to this, there is an estimated decrease in the usage and demand for friction modifiers from different sectors in recent times.
  • Therefore, the aforementioned factors are expected to show a significant impact on the market in the coming years.

Asia Pacific Region to Dominate the Market

  • Asia-Pacific is expected to dominate the global market owing to the highly developed automotive sector in China, India, and Japan, coupled with the marine and industrial sectors in the region in recent years.
  • Asia-Pacific is the largest lubricant consumer in the region and the world, followed by Europe. The outbreak of COVID-19 has affected the economic growth of all the countries at present, as almost all the manufacturing and service sectors have been halted due to lockdown.
  • The expansion of the marine industry in Asia-Pacific is expected to increase the demand for friction modifiers. According to Marine Insight, South Korea, China, and Japan are leading countries in the production and usage of various ships for different purposes.
  • According to the OICA, Asia-Pacific dominated global automobile production in recent years. China is the largest producer of automobiles globally, with a production volume of 25.75 million vehicles in 2019 and reached 25.23 million vehicles in 2020, registering a decline rate of about 2%. Thus, this led to a slight decrease in the consumption of lubricants, which, in turn, negatively impacts the market demand for friction modifier additives.
  • Friction modifiers also help the aerospace sector in increasing fuel efficiency. The aerospace industry in Asia-Pacific witnessed decent growth in the previous years. Due to this, there was more usage of friction modifiers in this region. According to Boeing, about 25% of world air travel is flown within Asia as of the year 2019, and it is forecasted that the value will change to 35% of world total air travel in the next two decades, contributing the highest share of intra-regional air travel globally. The Asia-Pacific region will get 17,390 deliveries of new airplanes in the next two decades (between 2019 and 2038), which will increase the total number of airplane fleets to 19,420.
  • Indian domestic scheduled airlines carried 63 million passengers in 2020, with a decline rate of 57% compared to the previous year.
  • Therefore, the aforementioned factors are expected to show a significant impact on the market in the coming years.

Competitive Landscape

The friction modifiers market is partially consolidated in nature, with few major players competing in the market. Some of the major companies are BASF SE, Croda International PLC, Afton Chemical, ADEKA CORPORATION, and Chevron Corporation, among others.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Applications for Fuel Efficient Lubricants
    • 4.1.2 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Declining Automotive Industry
    • 4.2.2 Growing Electric Vehicles Usage
    • 4.2.3 Negative Impact of COVID-19
    • 4.2.4 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5 MARKET SEGMENTATION

  • 5.1 Types
    • 5.1.1 Organic
    • 5.1.2 Inorganic
  • 5.2 End-user Industry
    • 5.2.1 Automotive
    • 5.2.2 Industrial
    • 5.2.3 Marine
    • 5.2.4 Other End-user Industries
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
      • 5.3.1.1 China
      • 5.3.1.2 India
      • 5.3.1.3 Japan
      • 5.3.1.4 South Korea
      • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
      • 5.3.2.1 United States
      • 5.3.2.2 Canada
      • 5.3.2.3 Mexico
    • 5.3.3 Europe
      • 5.3.3.1 Germany
      • 5.3.3.2 United Kingdom
      • 5.3.3.3 Italy
      • 5.3.3.4 France
      • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
      • 5.3.4.1 Brazil
      • 5.3.4.2 Argentina
      • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
      • 5.3.5.1 Saudi Arabia
      • 5.3.5.2 South Africa
      • 5.3.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%) Analysis**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 ABITEC
    • 6.4.2 ADEKA CORPORATION
    • 6.4.3 Afton Chemical
    • 6.4.4 BASF SE
    • 6.4.5 BRB International
    • 6.4.6 Chevron Corporation
    • 6.4.7 Croda International PLC
    • 6.4.8 CSW Industrials Inc.
    • 6.4.9 The Lubrizol Corporation
    • 6.4.10 Multisol
    • 6.4.11 Royal Dutch Shell PLC

7 MARKET OPPORTUNITIES AND FUTURE TRENDS