According to a market report by Lucintel, the future of the global friction modifier market looks promising with opportunities in the automobile, aviation, marine, and construction markets. The global friction modifier market is expected to grow with a CAGR of 3.8% from 2025 to 2031. The major drivers for this market are the increasing demand for automotive lubricants, the rising need for fuel efficiency standards, and the growing adoption in industrial applications.A more than 150-page report to understand trends, opportunity and forecast in friction modifier market to 2031 by type (organic and inorganic), end use (automobile, aviation, marine, construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, organic is expected to witness higher growth over the forecast period.
Within the end use category, automobile is expected to witness the highest growth.
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In terms of region, APAC is expected to witness the highest growth over the forecast period.
Akzonobel, Abitec Corporation, Adeka Corporation, Multisol, Wynn’s, Archoil, Nyco are the major suppliers in the friction modifier market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] to get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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