20-Aug-2018 | Zion Market Research
The surging need for reducing friction & wear of machine parts will drive friction modifiers market revenue over the next few years. Growing demand for low fuel emission and improving of fuel economy has increased the product application in lubricants. For the record, in the first quarter of the twentieth century, friction modifiers found applications in transmissions, differentials, and wet-clutches. However, fuel economy became a key issue as a result of oil restrictions during 1970s, generating a notable shift in the automotive sector. This, in turn, resulted in launching of the friction modifiers in passenger car motor oils during the period.
Today, large numbers of friction modifiers are designed to enhance lubricity for better fuel economy. Reportedly, stringent fuel economy standards are likely to create more demand for friction modifiers in the engine oils. Friction modifiers market revenue is expected to witness a huge surge over the coming years, owing to its exceptional feature of reducing viscosity of the lubricant resulting in low fuel consumption in vehicles.
The awareness regarding maintaining of vehicles along with favorable government policies pertaining to green environment are likely to create lucrative prospects for the friction modifiers market over the forthcoming years. However, the other cost-effective alternatives for the product such as oiliness agents and detergent additives can hinder the growth graph of friction modifiers market.
Nevertheless, the beneficial product properties of anti-oxidation, corrosion inhibitor, and anti-wear additive are likely to spur the growth of friction modifiers market. Furthermore, frictional modifiers form thick & sacrificial boundary films that are softer as compared to steel & iron surfaces, thereby prompting its demand in myriad industries.
Friction modifiers find plethora of applications in commercial vehicles, marine, passenger vehicle, and aviation sectors, owing to its beneficial features. Growing product use to increase the adhesion levels to minimum at the time of traction & braking in vehicles is projected to boost the profitability of friction modifiers industry in the near future.
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