Friction Modifiers Market Size Forecast to Reach $960 Million by 2025
"Oil Soluble Chemicals Used in Lube Oils as Additives for Transmissions and Internal Combustion Engines, Which is Likely to Aid in the Market Growth of Friction Modifiers." Friction Modifiers Market size is forecast to reach $960 Million by 2025, after growing at a CAGR of 3.4% during 2020-2025. The purpose of a lubricant is to reduce the amount of friction between two surfaces. Owing to this with the rise in machine components, the Friction Modifiers market is witnessing an increase in demand. Growing various end use industries which involves mechanical components, will further enhance the overall market demand for Friction Modifiers during the forecast period. Type - Segment Analysis Organic friction modifiers segment holds the largest share in the Friction Modifiers market, because of its versatility and environment-friendliness. A wide range of high performance organic friction modifiers, ranging from conventional products such as glycerol mono-oleate to novel polymer ...