Chemicals Industry Today

Friction Modifiers Additives Market–Growth, Future Prospects and Competitive Analysis, 2018-2026

Friction modifier additives market projected to exhibit the CAGR of 3.5% during the forecast period from 2018 to 2026. Friction modifier additives are mixed with lubricants to maintain oil solubility and to enable film formation between contacting surfaces.
Published 08 October 2018
Credence Research has recently published a market research study that includeselaborativeanalysis which was result of an extensive research methodologyfor Friction Modifiers Additives marketwith estimationsfrom 2018 to 2026. The highlights of this report aredrivers, restraints and opportunities of Friction Modifiers Additives market, offered acrossthe recent and estimated timeline till 2026.Major report takeawaysare competitive landscape assessment, attractive investment proposition, and brief profiles of companies operating in Friction Modifiers Additives market which will give 3600 view for the market dynamics. Companies are profiled on the basis of vital data points such asbusiness overview, financial synopsis, product/service portfolio, and news coverage accompanied with recent updates specific to Friction Modifiers Additives market. The cross-sectional geographical analysis covers regions such as North America (U.S & Canada), Europe (U.K., Germany & Rest of Europe), Asia Pacific (China, Japan, & Rest of Asia Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and Middle East & Africa (GCC & Rest of Middle East & Africa).

Full Report Visit: https://www.credenceresearch.com/report/friction-modifier-additives-market

Market Insights:
Friction modifier additives are mixed with various lubricants to alter the lubricant’s coefficient of friction when used between two rubbing surfaces. It prevents scoring, reduce wear and noise, and can help to prevent micro-pitting in industrial gear lubricants. Increase in the overall transportation industry boosted the demand for lubricants, thereby creating opportunities for friction modifier additives market. Moreover, the increasing demand for friction modifiers from manufacturing economies such as China and India expected to catapult the friction modifier additives demand across the globe. Factors such as increasing demand for fuel-efficient lubricants, stringent regulations regarding fuel economy standards, and continuous development in technology for friction modifiers propelling the overall market growth.
Keyresearch study highlights comprise:
  1. Exhaustiveresearch and analysis of the global Friction Modifiers Additives industry
  2. The key market segments along have been explained in the report thoroughly along with their existing and estimated market size
  3. Major elements of market dynamics such as drivers, challenges and opportunities and their effect on Friction Modifiers Additives market is also covered in the report
  4. Key players operating in the market are profiled and accompanied with the competitive landscape evaluated on the basis of product offering& business strength
  5. Cross sectional analysis of each regioncovering individual segments for the forecast period 2016 - 2018 in terms of value (US$Mn)
Research methodologyapplied for this study:
Methodology of this research study includes primary and secondary research for defining the market size, shares and forecast for global Friction Modifiers Additives market specific to key segments, and regional segmentation.

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  1. Secondary Research
Secondary research was initiated with data collected through sources such aspress releases,company annual reports, and relevant documents focusing on the current developments in the global Friction Modifiers Additives market. Authentic sources such as university research papers, scientific journals, and government websites were similarlyscreened for identifying business opportunities in several geographical markets and penetration of various products/services in these geographies. Paid databases were excavated to assemble information beneficial for broad commercial study of the key players operating in Friction Modifiers Additives market. In case lack of data availability on the public domain, we used estimation models to arrive at comprehensive data sets. Secondary research helped to create a firm base to build market size, analyze trends, and understand the dynamics of Friction Modifiers Additives market study.
  1. Primary Research
The exhaustive secondary research practiced was supported & validated by extensive primary research. Primary research was carried out with the help ofe-mail interactions,telephonic interviews, as well as face-to-face interviews with the leading industry stakeholders.
The participants tracked for primary interviews include:
  • Marketing/product managers
  • Vice President/ CEOs
  • National sales managers
  • Market intelligence managers
  • Distributors
  • Purchasing managers
  • Other stakeholders
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