Competitive Landscape of the Friction Modifiers Market: Key Players and Strategies (2024–2030)

The global friction modifiers market size was estimated at USD 987.65 million in 2023 and is projected to reach USD 1.28 billion by 2030, growing at a CAGR of 3.8% from 2024 to 2030. Friction modifiers, also known as boundary lubrication additives, are specialized oil-soluble chemicals that are incorporated into lubricants, primarily for use in transmission systems and internal combustion engine applications.
The primary role of these additives is to reduce friction and wear between machine components by creating a protective film that prevents solid surfaces from coming into direct contact. This mechanism is especially important in the boundary lubrication regime, where conventional lubrication is insufficient. By minimizing friction and preventing metal-to-metal contact, friction modifiers enhance the efficiency, reliability, and operational lifespan of machinery across a wide range of applications.
The growing demand for friction modifiers is strongly tied to the global need to reduce energy losses caused by friction, thereby supporting improved fuel economy and minimizing wear on critical automotive and industrial components. In particular, the automotive industry has emerged as a major consumer, as vehicle manufacturers increasingly prioritize higher fuel efficiency and reduced emissions. Stringent regulatory frameworks aimed at cutting carbon emissions and improving sustainability have further accelerated the adoption of friction modifiers in modern lubrication solutions.
These additives are not only critical in enhancing engine durability and smooth performance in passenger vehicles but are also essential in heavy-duty industrial machinery, where operational efficiency and equipment longevity are key considerations. By enabling smoother operation, reduced wear, and greater energy efficiency, friction modifiers contribute significantly to lowering maintenance costs and improving productivity.
Key Market Trends & Insights:
• In 2023, Asia Pacific dominated the global friction modifiers market, accounting for 35.8% of the total revenue share. The region’s leadership is largely driven by the strong presence of the automotive and industrial manufacturing sectors, coupled with rising demand for fuel-efficient vehicles and machinery. Rapid urbanization, increasing industrial activities, and growing investments in transportation infrastructure have further reinforced Asia Pacific’s position as the leading market.
• Within the region, China has emerged as a key growth engine, with its friction modifiers market experiencing significant expansion. The country’s vast automotive industry, rapid adoption of advanced lubrication technologies, and strong focus on energy efficiency and emission reduction are major factors contributing to this growth. Supportive government policies aimed at sustainability and vehicle performance improvements are also encouraging wider use of friction modifiers across different applications.
• From an application perspective, the commercial vehicle segment dominated the market, holding 64.1% of the revenue share in 2023. The increasing demand for heavy-duty trucks, buses, and other commercial transport vehicles has created a strong need for high-performance lubricants that can reduce wear and extend equipment life. As commercial vehicles are typically subjected to intensive usage and harsh operating conditions, the use of friction modifiers becomes critical to ensuring durability, fuel efficiency, and compliance with emission standards.
• By type, organic friction modifiers led the market with a revenue share of 57.3% in 2023. Organic additives are widely preferred due to their effectiveness in reducing friction, cost-efficiency, and compatibility with a broad range of lubricant formulations. Their environmentally friendly properties and ability to meet stringent regulatory standards have further supported their widespread adoption across both automotive and industrial applications.
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Market Size & Forecast:
• 2023 Market Size: USD 987.65 Million
• 2030 Projected Market Size: USD 1.28 Billion
• CAGR (2024-2030): 3.8%
• Asia Pacific: Largest market in 2023
Key Companies & Market Share Insights:
Some of the key players operating in the global market include Cabot Corporation, Sensient Imaging Technologies, Kornit Digital, Marabu GmbH & Co. KG, INX International Ink Co., Nazdar, Nutec Digital Ink, and Siegwerk Druckfarben AG & Co. KGaA. These companies are actively engaged in product innovation, portfolio expansion, and strategic collaborations to strengthen their presence in the highly competitive market. By leveraging technological advancements and expanding their global footprint, they continue to cater to the evolving demands of customers across diverse industries.
Cabot Corporation is recognized worldwide for delivering innovative performance solutions to a wide array of industries. The company’s comprehensive product portfolio includes rubber and specialty-grade carbon blacks, inkjet colorants, aerogels, specialty compounds, fumed metal oxides, and activated carbon. Cabot’s expertise in developing high-quality materials positions it as a key supplier to sectors ranging from automotive and construction to specialty chemicals and digital printing, making it an essential player in the market.
INX International Ink Co. is a leading global manufacturer of high-performance printing inks and coatings that cater to commercial, packaging, and digital print applications. As a subsidiary of Sakata INX, the company benefits from an extensive worldwide network, enabling it to serve customers efficiently across North America, South America, and Europe. With a strong focus on sustainability and innovation, INX continues to expand its solutions for digital printing technologies, offering products that meet both performance requirements and environmental standards.
Key Players
• 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.
• 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.
• Curtiss-Wright Corporation.
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Conclusion:
The global friction modifiers market is experiencing steady growth, driven by their essential role in enhancing the performance and longevity of engine components. These additives are crucial in reducing wear and friction in machine parts, thereby improving fuel efficiency and reducing emissions in both commercial and passenger vehicles. The market's expansion is further supported by the increasing demand for high-performance lubricants and the automotive industry's focus on sustainability and regulatory compliance. As technological advancements continue, the development of more effective and environmentally friendly friction modifiers is anticipated to propel market growth in the coming years.
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