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Global Organic Friction Modifier Additives Market to reach USD XX billion by 2028.

Global Organic Friction Modifier Additives Market to reach USD XX billion by 2028.

Product Code: CMCC-52198132
Publish Date: 16-03-2022
Page: 200

Global Organic Friction Modifier Additives Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Organic friction modifier additives (OFMs) refer to surfactant molecules which are added to engine oils to reduce friction in the boundary lubrication regime. They are thought to work by forming an absorbed layer, which provides low friction. Friction modifier additives affect the frictional properties between two rubbing surfaces. They prevent scoring, reduce wear and noise. Some of the organic friction modifiers are oil-soluble organo-molybdenum additives, functionalized polymers, and dispersed nanoparticles. Growing automotive industry and recent merger and acquisition activities by leading market players are key drivers for the growth of Organic Friction Modifier Additives market. For instance, according to India Brand Equity Forum (IBEF)- Indian automobile exports estimated at 1,419,430 units between April 2021 to June 2021 period as compared to 436,500 units in April 2020 to June 2020.Also, in august 2021, LANXESS, Germany based specialty chemicals company has acquired Emerald Kalama Chemical, speciality chemicals company based in Cologne, USA. The U.S.-based company is a world-leading manufacturer of specialty chemicals. Also, with the increasing demand from end use industries and rapid industrialization in emerging economies, the adoption & demand for Organic Friction Modifier Additives is likely to increase the market growth during the forecast period. However, availability of other cost-effective alternatives and fluctuating prices of crude oil impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Organic Friction Modifier Additives Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to presence of leading market players and growing automotive sector in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as growing automotive industry in the region would create lucrative growth prospects for the Organic Friction Modifier Additives Market across Asia-Pacific region.

Major market player included in this report are:
Dow Chemical Company Limited,
Multisol Ltd,
Eastman Chemical Co.,
Cargill, Inc.,
Chemtura Corporation (LANXESS Solutions US, Inc.),
International Lubricants Inc.,
Celanese Corporation,
Croda International Plc,
Afton Chemicals Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Additive Type:
Fatty Acids
Esters & Amides
By End Use Industries:
Automobile Lubricants
Industrial Lubricants
Aviation Lubricants
Energy/ Power Generation Lubricants
Rail Lubricants
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Organic Friction Modifier Additives Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Organic Friction Modifier Additives Market, by Region, 2020-2028 (USD Billion)
1.2.2. Organic Friction Modifier Additives Market, by Additive Type, 2020-2028 (USD Billion)
1.2.3. Organic Friction Modifier Additives Market, by End Use Industries, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Organic Friction Modifier Additives Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Organic Friction Modifier Additives Market Dynamics
3.1. Organic Friction Modifier Additives Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing automotive industry Recent Merger & Acquisition activities.
3.1.2. Market Challenges Fluctuating oil prices. Availability of cost-effective alternatives.
3.1.3. Market Opportunities Rising Demand from end use verticals. Rapid industrialization in emerging economies.
Chapter 4. Global Organic Friction Modifier Additives Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Organic Friction Modifier Additives Market, by Additive Type
6.1. Market Snapshot
6.2. Global Organic Friction Modifier Additives Market by Additive Type, Performance – Potential Analysis
6.3. Global Organic Friction Modifier Additives Market Estimates & Forecasts by Additive Type 2019-2028 (USD Billion)
6.4. Organic Friction Modifier Additives Market, Sub Segment Analysis
6.4.1. Polymers
6.4.2. Fatty Acids
6.4.3. Esters & Amides
6.4.4. Others

Chapter 7. Global Organic Friction Modifier Additives Market, by End Use Industries
7.1. Market Snapshot
7.2. Global Organic Friction Modifier Additives Market by End Use Industries, Performance – Potential Analysis
7.3. Global Organic Friction Modifier Additives Market Estimates & Forecasts by End Use Industries 2019-2028 (USD Billion)
7.4. Organic Friction Modifier Additives Market, Sub Segment Analysis
7.4.1. Automobile Lubricants
7.4.2. Industrial Lubricants
7.4.3. Aviation Lubricants
7.4.4. Energy/ Power Generation Lubricants
7.4.5. Rail Lubricants

Chapter 8. Global Organic Friction Modifier Additives Market, Regional Analysis
8.1. Organic Friction Modifier Additives Market, Regional Market Snapshot
8.2. North America Organic Friction Modifier Additives Market
8.2.1. U.S. Organic Friction Modifier Additives Market Additive Type breakdown estimates & forecasts, 2019-2028 End Use Industries breakdown estimates & forecasts, 2019-2028
8.2.2. Canada Organic Friction Modifier Additives Market
8.3. Europe Organic Friction Modifier Additives Market Snapshot
8.3.1. U.K. Organic Friction Modifier Additives Market
8.3.2. Germany Organic Friction Modifier Additives Market
8.3.3. France Organic Friction Modifier Additives Market
8.3.4. Spain Organic Friction Modifier Additives Market
8.3.5. Italy Organic Friction Modifier Additives Market
8.3.6. Rest of Europe Organic Friction Modifier Additives Market
8.4. Asia-Pacific Organic Friction Modifier Additives Market Snapshot
8.4.1. China Organic Friction Modifier Additives Market
8.4.2. India Organic Friction Modifier Additives Market
8.4.3. Japan Organic Friction Modifier Additives Market
8.4.4. Australia Organic Friction Modifier Additives Market
8.4.5. South Korea Organic Friction Modifier Additives Market
8.4.6. Rest of Asia Pacific Organic Friction Modifier Additives Market
8.5. Latin America Organic Friction Modifier Additives Market Snapshot
8.5.1. Brazil Organic Friction Modifier Additives Market
8.5.2. Mexico Organic Friction Modifier Additives Market
8.6. Rest of The World Organic Friction Modifier Additives Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Dow Chemical Company Limited, Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments

9.2.2. BASF SE,
9.2.3. Multisol Ltd,
9.2.4. Eastman Chemical Co.,
9.2.5. Cargill, Inc.,
9.2.6. Chemtura Corporation (LANXESS Solutions US, Inc.),
9.2.7. International Lubricants Inc.,
9.2.8. Celanese Corporation,
9.2.9. Croda International Plc,
9.2.10. Afton Chemicals Corporation
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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