The increasing use of natural friction modifier (OFM) additives for lubrication of automobile, aviation, rail, industrial, and electricity/ energy machinery additives is riding its demand throughout the globe. Future Market Insights (FMI)’s contemporary record well-known shows that the worldwide organic friction modifier additives market is set to surge at a steady CAGR of 4.9% during the forecast length (2017-2022).

As in step with the report, this market is predicted to attain a valuation of over US$ 500 Million through 2022-end. OFM components make a large effect on the tribological attributes of the lubricant, growing its functionality and efficacy to an extensive volume.

Moreover, OFM additives make sure smoother mobility of mechanical components, which is seriously important in airplanes, automobiles, and numerous different industrial devices. There has been a big increase in calls for OFM additives because of their benefits and overwhelming results.

Factors such as such are anticipated to mirror favorably the worldwide sales of OFM additives over the next couple of years. On the flip side, the increase of the worldwide marketplace for OFM components is predicted to be impeded with the aid of the advent of more low-cost substitutes together with corrosion and oxidation inhibitor anti-wear retailers, detergent additives, dispersant additives, and oiliness sellers among others.

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Key Segments Covered

Additive Type

• Polymers
• Fatty Acids
• Esters & Amides
• Others

End User

• Automobile Lubricants
• Industrial Lubricants
• Aviation Lubricants
• Energy/ Power Generation Lubricants
• Rail Lubricants

Competitive Landscape

Some of the prominent market players profiled in FMI’s 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 efficacy and expanding production capacity to tap the market opportunities.

In addition, partnership, collaboration, and M&A activities will continue to be major trends in the market. A majority of market participants are also inclined toward joint ventures and strategic deals to strengthen their sales and distribution network.