The latest industry analysis report published by Reports and Data offers a panoramic view of the global Friction Modifiers Industry and its key segments. The report offers a concise market summary and highlights the key factors influencing market growth. The data & information provided by the report have been obtained through meticulous research on the market. The report takes a close look at the Friction Modifiers market’s historical, present, and future scenarios and explains the paradigm shifts taking place in this business landscape. Industry growth rate, consumer demand, supply ratio, industry worth, and several market trends & opportunities are some of the critical factors highlighted in the report. The report throws light on the competitive landscape of the global Friction Modifiers market and systematically profiles the leading companies operating in the market. Furthermore, it highlights the principal strategies & initiatives undertaken by these players for business expansion and growth in the near future. Some of the key business growth strategies include partnerships & collaborations, mergers & acquisitions, new product launches, agreements, and joint ventures.
The global friction modifiers market is forecast to reach USD 1,195.7 Million by 2028, according to a new report by Reports and Data. The demand for the friction modifiers are propelling in various applications as incorporating these additives help reduce the frictional motions in the machineries and combustion hydraulic engines
Some of the leading market players in the global Friction Modifiers market including :
Lubrizol Corporation, Croda International PLC, Vanderbilt Chemicals, LLC, BASF SE, Chevron Corporation, F.I.L.A. Group, BRB International BV, Kings Industries, Inc., Afton Chemical Corporation, and LANXESS.
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Asia Pacific is expected to register fastest revenue CAGR between 2021 and 2028. Rapid revenue growth is attributed to factors such as increasing investments in research and development activities, rapidly growing industrial sector and building and construction sector and high demand for raw material across various sectors.
Market segment analysis:
Type of Modifiers Outlook (Revenue, USD Million; 2018-2028)
Organic Friction Modifiers (OFM)
Organomolybdenum Friction Modifiers (MoFM)
Polymer Friction Modifiers (PFM)
Compound Types Outlook (Revenue, USD Million; 2018-2028)
Applications Outlook (Revenue, USD Million; 2018-2028)
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Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
North America (U.S., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Which key factors expected to boost global Friction Modifiers market growth during the forecast period?
Which factors are expected to hamper the growth of global Friction Modifiers market throughout the forecast period?
Which application segment revenue is expected to register rapid CAGR between 2021 and 2028?
Which regional segment is expected to register fastest revenue CAGR throughout the forecast period?
Which are the leading companies operating in the global Friction Modifiers market?
What is the scope of growth of product companies in the global Friction Modifiers market?
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