Friction Modifiers Market, By Type (Organic Friction Modifiers and Inorganic Friction Modifiers),will witness a Excellent CAGR of 9.7% by 2029

Data Bridge Market Research analyses that the friction modifiers market will witness a CAGR of 9.7% for the forecast period of 2022-2029. Friction modifiers market report analyses the growth, due to accelerating application of friction modifiers in advertising and promotions of various brands.

Friction modifiers, also known as boundary lubrication additives, are oil-soluble chemicals used in lubricants as transmission and internal combustion engine additives. These lubricants are used in machine components to reduce wear and friction. These modifiers are important in the lubrication regime's borderline, preventing solid surfaces from greasing into each other and thus reducing friction and wear.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-friction-modifiers-market

The growing automotive industry and vehicle parking, as well as rising consumer preference for vehicle maintenance, are expected to drive the friction modifiers market over the forecast years. Rising demand for fuel-efficient lubricants, favourable government regulations for green procurement policies and easy availability of raw materials are all expected to drive the market forward in the coming years.

Furthermore, the addition of friction modifiers has proven to increase the equipment's life-time, thereby increasing demand. Also, the market's growth opportunities include stringent environmental regulations and advancements in friction modifier technologies. Friction modifiers are widely used in fine arts, advertising, and promotions. Advancements in friction modifier technologies may open up new market opportunities in the near future.

However, there are certain constraints and challenges that can impede market growth. The availability of less expensive substitutes such as oiliness agents, extreme pressure, and dispersant additives, as well as detergent additives, is likely to act as a market restraint. High volatility rates in raw materials would pose a serious barrier to the market growth in the coming years.

Key Players Analysis:

Some of the major players operating in the friction modifiers market are Cabot Corporation, INX International Ink Co., Kornit DigitalMarabu GmbH & Co. KG, Nazdar, Nutec digital Ink, Sensient Imaging Technologies, Siegwerk Druckfarben AG & Co. KgaA, Sun Chemical, Toyo Ink Co., Ltd., and Wikoff Color Corporation, Whitmore Manufacturing, LLC., Amcor plc, HARVES Co., Ltd., Wihuri Group, Sigma Plastics Group, American Packaging Corporation., Cosmo Films Ltd., GMM Development Limited. and Curtiss-Wright Corporationamong others.

Global Friction Modifiers Market Scope and Market Size

Friction modifiers market is segmented on the basis of type, formulation, substrate and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

On the basis of type, the friction modifiers market is segmented into organic friction modifiers and inorganic friction modifiers.

On the basis of formulation, the friction modifiers market is segmented into solvent-based, water-based, and UV-cured.

On the basis of substrate, the friction modifiers market is segmented plastics, ceramics and glass, textiles, and paper.

On the basis of application, the friction modifiers market is segmented into advertising and promotion, ceramic tiles printing, clothing and household textiles, glass printing.

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