Dublin, Nov. 22, 2018 (GLOBE NEWSWIRE) -- The "Global Friction Modifiers Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The global friction modifiers market to grow at a CAGR of 3.82% during the period 2019-2023.

Global Friction Modifiers Market 2019-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the use of friction modifiers in different applications.

According to the report, one of the major drivers for this market is the demand for new lubricants with improved fuel economy. The technological advances had led to the increase in demand for new lubricants with improved fuel economy is increasing.

The latest trend gaining momentum in the market is the increasing consumption of motor oil. The increase in automobile manufacturing has a direct impact on the consumption of motor oil. Friction modifiers are primarily used in motor oils and extend the life span of automobile engines.

Further, the report states that one of the major factors hindering the growth of this market is the volatile oil prices. Fluctuations in the oil price globally, will hamper the market growth during our forecast period.

Key questions answered in this report

• What will the market size be in 2023 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the Key vendors in this market space?

Market drivers

• Growing automotive industry in APAC
• Preference for electric vehicles
• Growth in the industrial gear oil market

Key vendors

• Afton Chemical
• BASF
• Berkshire Hathaway
• Chevron Corporation
• Croda International
• Lanxess

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2018
• Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY TYPE

• Market segmentation by type
• Comparison by type
• Organic - Market size and forecast 2018-2023
• Inorganic - Market size and forecast 2018-2023
• Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY APPLICATION

• Market segmentation by application
• Comparison by application
• Transportation lubricants - Market size and forecast 2018-2023
• Industrial lubricants - Market size and forecast 2018-2023
• Market opportunity by application

PART 09: GEOGRAPHICAL LANDSCAPE

• Geographical segmentation
• Geographical comparison
• APAC - Market size and forecast 2018-2023
• Americas - Market size and forecast 2018-2023
• EMEA - Market size and forecast 2018-2023
• Key leading countries
• Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 12: MARKET TRENDS

• Increasing consumption of motor oil
• Technological advances
• Growth in the industrial gear oil market

PART 13: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 14: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Afton Chemical
• BASF
• Berkshire Hathaway
• Chevron Corporation
• Croda International
• LANXESS

PART 15: APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/88jklf/global_friction?w=12

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Related Topics: Lubricants and Greases