Organic Friction Modifier Additives Market Witnesses Increased Growth Pace Recent Improvements in Pricing Models: IMF

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Based on additive type, demand for polymer additives will remain relatively high compared to additives such as fatty acids and esters and amides in 2017 and beyond. Global sales of polymer additives currently account for over 34% of market revenue share. Additionally, more than US$170 million of polymer additives are expected to be sold globally by the end of the review period, showing impressive growth. Meanwhile, the global sales of esters and amides fatty acids and additives will collectively account for the largest market share in 2022.

Based on end use, OFM additives are expected to remain crucial in automotive lubricants throughout the projection period. OFM additives used in automotive lubricants currently account for almost 44% of the market share of sales. By the end of 2022, over US$220 million of OFM additives are expected to be used in automotive lubricants. The use of additives in industrial lubricants is also expected to increase at a significant rate between 2017 and 2022.

Among the regions, the OFM additives market is the Asia-Pacific ex-Japan (APEJ) region which is expected to remain highly lucrative during the forecast period. Currently, APEJ represents the largest market share in terms of revenue and is expected to continue its dominance in 2017 and beyond. Furthermore, the APEJ OFM additives market is expected to grow at a solid CAGR from 2017 to 2022 and reach a valuation of over US$150 million. This is mainly attributed to the growing demand for additives in emerging countries such as India and China as they experience an industrial revolution and economic boom. Meanwhile, North America is expected to remain the second largest market for OFM additives in 2022.

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Competitive landscape

Some of the major market players profiled in the IMF report include Dow Chemical Company Limited, Chemtura Corporation (LANXESS Solutions US, Inc.), BASF SE, Eastman Chemical Co., Celanese Corporation, Cargill, Inc., Croda International Plc., International Lubricants Inc., Afton Chemicals Corporation and Multisol Ltd. Many of these companies are actively focusing on improving product efficiency and expanding production capacity to exploit market opportunities. Additionally, partnership, collaboration, and M&A activities will continue to be a major trend in the market. A majority of market players are also moving towards joint ventures and strategic agreements to strengthen their sales and distribution network.

Key Segments Covered

Additive Type

  • Polymers
  • fatty acids
  • Esters and amides
  • Others

Final user

  • Automotive lubricants
  • Industrial lubricants
  • Aircraft lubricants
  • Lubricants for energy and power generation
  • Railway lubricants

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Contents

1. Global Organic Friction Modifier Additives Market – Executive Summary

2. Global Organic Friction Modifier Additives Market Overview

3. Global Organic Friction Modifier Additives Market Analysis and Forecast by Additive Type

4. Global Organic Friction Modifier Additives Market Analysis and Forecast by End User

5. Global Organic Friction Modifier Additives Market Analysis and Forecast by Region

6. North America Organic Friction Modifier Additives Market Analysis and Forecast, by Country, 2012- 2022

7. Latin America Organic Friction Modifier Additives Market Analysis and Forecast, by Country, 2012- 2022

continued…!

About the IGF

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