Product Code: ETC4478905 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India friction modifiers market import shipment experienced a negative CAGR from 2020 to 2024. The growth rate between 2023 and 2024 notably declined, indicating a further slowdown in market expansion. The trend suggests a consistent deceleration in import shipments over the period.
Friction modifiers play a critical role in the automotive and industrial lubricants industry. With the automotive sector`s growth and the need for more efficient machinery in manufacturing, the demand for friction modifiers in India is increasing. These modifiers help reduce friction and improve energy efficiency in mechanical systems.
The India friction modifiers market is witnessing growth primarily driven by the automotive sector. As the country`s automobile industry expands, there is an increasing focus on fuel efficiency and reducing emissions. Friction modifiers are crucial for achieving these goals by reducing energy loss due to friction in engines and other mechanical components. Additionally, the emphasis on sustainability and environmental regulations prompts the automotive industry to adopt advanced lubrication technologies. Friction modifiers also find applications in the industrial sector, further fueling their demand. The growing need for efficiency and sustainability in both automotive and industrial domains is expected to sustain the momentum in the India friction modifiers market.
The friction modifiers market in India encounters challenges related to the need for advanced solutions to improve fuel efficiency in the automotive and industrial sectors. As environmental concerns and fuel efficiency standards become more critical, the demand for friction modifiers has increased. Market players must invest in research and development to develop innovative and cost-effective solutions. Additionally, ensuring compatibility with different lubricants and addressing evolving industry requirements is a complex task.
The pandemic affected the India friction modifiers market as the automotive sector slowed down due to lockdowns and reduced economic activity. Reduced vehicle production and lower demand for lubricants had a significant impact on the market. As the automotive industry gradually recovers and adopts new technologies, the demand for advanced friction modifiers might increase in the long term.
The India friction modifiers market is led by prominent players such as Lubrizol, Croda International, Afton Chemical, Infineum, and Chemtura Corporation. These companies specialize in manufacturing additives that enhance lubrication and reduce friction in automotive and industrial applications.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Friction Modifiers Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Friction Modifiers Market Revenues & Volume, 2021 & 2031F |
3.3 India Friction Modifiers Market - Industry Life Cycle |
3.4 India Friction Modifiers Market - Porter's Five Forces |
3.5 India Friction Modifiers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Friction Modifiers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Friction Modifiers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fuel-efficient vehicles in India |
4.2.2 Growing automotive industry in India |
4.2.3 Stringent government regulations on fuel efficiency and emission standards |
4.2.4 Rising awareness about the benefits of using friction modifiers in automotive and industrial applications |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Lack of awareness about friction modifiers among end-users |
4.3.3 Limited technological advancements in the Indian friction modifiers market |
4.3.4 Intense competition among key market players |
5 India Friction Modifiers Market Trends |
6 India Friction Modifiers Market, By Types |
6.1 India Friction Modifiers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Friction Modifiers Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Friction Modifiers Market Revenues & Volume, By Organic , 2021-2031F |
6.1.4 India Friction Modifiers Market Revenues & Volume, By Inorganic, 2021-2031F |
6.2 India Friction Modifiers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Friction Modifiers Market Revenues & Volume, By Transportation Lubricants, 2021-2031F |
6.2.3 India Friction Modifiers Market Revenues & Volume, By Industrial Lubricants, 2021-2031F |
7 India Friction Modifiers Market Import-Export Trade Statistics |
7.1 India Friction Modifiers Market Export to Major Countries |
7.2 India Friction Modifiers Market Imports from Major Countries |
8 India Friction Modifiers Market Key Performance Indicators |
8.1 Adoption rate of friction modifiers in the automotive sector |
8.2 Growth in research and development investments for friction modifier technologies in India |
8.3 Number of partnerships and collaborations between manufacturers and research institutions for friction modifier development |
8.4 Environmental impact assessment of using friction modifiers in automotive and industrial applications |
9 India Friction Modifiers Market - Opportunity Assessment |
9.1 India Friction Modifiers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Friction Modifiers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Friction Modifiers Market - Competitive Landscape |
10.1 India Friction Modifiers Market Revenue Share, By Companies, 2024 |
10.2 India Friction Modifiers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |