Dry Lubricant Market: Introduction
Dry lubricants are also known as dry film or solid lubricants. Dry lubricants reduce the friction between two sliding surfaces. Dry lubricant operates at up to 350°C in oxidizing environments and at a higher temperature in a non-oxidizing environment. Dry lubrication offers lubrication at a higher temperature as compared with liquid or oil-based lubricants. Dry lubricant is ideal for high load carrying capacity applications due to good chemical resistance and excellent coefficient of friction. The most commonly used dry lubricants are molybdenum disulfide, graphite, tungsten disulfide, and boron nitride. These dry lubricants are frequently used in applications such as bearings lubrication, lock lubrication, and joints lubrication, among others. Low friction lubrication offer by dry lubricant is due to the layered microscopic structure which has a weak bond between them. Additionally, dry lubricants have anti-galling & anti-seizing properties and also reduces the noise. Key players are focusing on providing low friction dry lubrication that is compatible with other lubricants.
Dry Lubricant: Market Dynamics
Continuous efforts towards increasing lubrication efficiency in many end-use industries including aerospace, oil & gas, automotive, among others are using dry lubricants. Increasing automation in the industrial sector has elevated the adoption of complex machines and tools. The use of advanced technologies and machines is augmenting the output of various industries. Advancements in technology and increased adoption of modern age machinery are driving the demand for high-performance lubricants that can operate at high temperature and has low friction. These factors are anticipated for the growth of the dry lubricant market over the forecast period. The transportation sector has witnessed significant demand for dry lubricant due to its high lubrication property at high temperature and also reduces the maintenance cost. Moreover, the manufacturing sector also generating significant demand for dry lubricants owing to its high conductivity in electrical machinery that is utilized in manufacturing heavy equipment. Moreover, dry lubricants are environment-friendly and generate less toxic effects as compared with oil-based lubricants. Increasing the use of bio-based lubricants is one of the substitutes of dry lubricant which can hamper the growth of the market over the forecast period.
Dry Lubricant: Market Segmentation
Dry Lubricant Market can be segmented by Product Type and by Ends Use Industries:-
On the basis of product type, the global dry lubricant market can be segmented into:-
On the basis of end use industry, the global dry lubricant market can be segmented into:-
Dry Lubricant: Regional Outlook
The Asia Pacific is estimated to account for a prominent share in the global dry lubricant market over the forecast period. In the Asia Pacific region, China holds a dominant share in the market due to increasing industrialization, especially the automotive and aerospace industry. China is one of the emerging hubs for the manufacturing of aircraft and dry lubricants have significant applications in the manufacturing of an aircraft. Thus, this factor is estimated to boost the demand for dry lubricants and support the global growth of the market. Moreover, in the Asia Pacific region, the graphite-based lubricant is one of the most preferred dry lubricants across the region due to the presence of numerous manufacturers and end-users of this lubricant. North America and Europe hold a significant share in the dry lubricant market due to increasing applications in the automotive and Oil & Gas industries. In Europe, EU-5 countries are expected to hold a prominent share owing to high awareness about the products and presence of numerous automotive OEMs across the nations. Latin America and Middle East & Africa are projected to grow with a moderate growth rate over the forecast period due to the increasing manufacturing sector across the regions.
Dry Lubricant: Key Participants
Examples of some of the market participants operating in the global Dry Lubricant market are as follows:
The Dry Lubricant market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The Dry Lubricant market report covers exhaustive analysis on:
Regional analysis includes:
The Dry Lubricant market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Dry Lubricant market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Dry Lubricant market report also maps the qualitative impact of various market factors on market segments and geographies.
Dry Lubricant market Report Highlights: