Transparency Market Research in its new report titled, “Dry Lubricants Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the dry lubricants market. The TMR report anticipates that the rise in the demand from numerous end-use industries such as electric & electronics, industrial, and transportation will drive the dry lubricants market during the forecast period i.e, 2018-2026. Rising demand for dry lubricants is primarily ascribed to its superior properties such as low friction and high temperature resistance, says the report.
The transportation sector witnesses a prominent demand for dry lubricants due to their high lubrication property, even at higher temperatures. The electrical equipment sector also witnesses an increase in application of dry lubricants primarily due to the higher conductivity of dry lubricants. These lubricating solids possess better adhesion than unfortified oils, thereby reducing the cost of maintenance, as per the report. The TMR report has segmented the dry lubricants market based on material type, bonding method, application, and region. In accordance with material type, the dry lubricants market is divided into graphite, boron nitride, molybdenum disulfide, soft metal solid lubricants, PTFE, and others. In terms of bonding method, the dry lubricants market is split into vacuum sputtering, dip application, mechanical impingement, burnishing, and spray resin bonding. On the basis of application, the dry lubricants market is categorized into steel industry, oil & gas, mining & mineral processing industry, water & food processing, automobile, and petrochemical industry.
From a regional perspective, the report has segregated the global dry lubricants market into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Among these, Asia Pacific dominated the dry lubricants market in 2016, closely followed by North America and Europe. The region is anticipated to dominate the market during the forecast period. Currently, China accounts for majority major share of the dry lubricants market in the region. The country is anticipated to remain a prominent market for dry lubricants during the forecast period. This can be primarily ascribed to the rapid industrialization and increasing demand from electronic applications industries in the country.
Additionally, Asia Pacific is the leading manufacturer and consumer of graphite-based dry lubricant. The graphite-based lubricant segment dominates the market in India and China owing to the presence of major manufacturers in these countries, thereby providing optimum contribution to the global dry lubricant market. North America is the second largest consumer of dry lubricants. Demand for dry lubricants in the region is primarily owing to the large industrial and automotive applications in the region. The dry lubricants market in Middle East & Africa and Europe is anticipated to expand at a rapid pace in the next few years. This is primarily due to the increasing industrialization and higher rate of adoption of dry lubricants in these regions in the respective regions.
Major players operating in the global dry lubricants market include 3M, Henkel, Dow Corning, DuPont, Castrol-Lubecon, Sun Coating Company, Freudenberg (OSK), Surcom Industries (DYNACRON), Everlube, CHP, B’laster, Metal Coatings Corp, and SKF.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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