Friction Modifier Additives Market to Reach US$ 1,888.3 Mn by the End of 2027
Global demand for friction modifiers additives will reach about 174 thousand tonnes in 2016, up from 167 thousand tonnes in 2015. This will represent a market value of US$ 1,027 Mn, an increase of US$ 62 Mn from 2015. While wide-ranging applications, most prominently as lubricants in automotive sector, will continue to fuel demand, availability of affordable alternatives, such as dispersant additives, corrosion inhibitors and detergent additives will continue to pose challenges.
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