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 ... Read more
According to the latest report published by Credence Research, Inc. “Global Friction Modifier Additives Market- Growth, Future Prospects, and Competitive Analysis, 2018-2026” the global friction modifier additives market expected to grow at the CAGR of 3.5% from 2018 to 2026.
