Organic Friction Modifier Additives Market Will Expand at a CAGR Little Under 5% During 2017 to 2022
Increasing use of organic friction modifier (OFM) additives for lubrication of automobile, aviation, rail, industrial and energy/ power machinery components is driving its demand across the globe. Future Market Insights (FMI)'s latest report reveals that the global organic friction modifier additives market is set to surge at a steady CAGR of 4.9% during the forecast period (2017-2022). As per the report, this market is estimated to reach a valuation of over US$ 500 Mn by 2022-end. OFM additives make a...
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