Dry Lubricants Market Size & Share, by Application (Oil & Gas, Steel, Mining& Mineral Processing, Automobile, Petrochemical, Food Processing Transcription, Waste Water, Aerospace & Defense); Type (Graphite, Molybdenum Disulfide, Boron Nitride, PTFE, Soft-metal Solid Lubricants) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5852
  • Published Date: Mar 08, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Dry Lubricants Market size is poised to reach USD 4 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of dry lubricants was USD 2 Billion. The reason behind the growth is impelled by the growing spending in the construction industry across the globe. Growth in the overall output of construction is mostly driven by investment in the energy and utility sectors as well as in infrastructure, and the rise in demand for infrastructure, commercial buildings, and housing.

For instance, construction spending is predicted to reach over USD 17 trillion globally by 2030, with the US, China, and India leading the way and contributing around 55% of the growth in this sector.

 The growing focus on sustainability is believed to fuel the dry lubricants market growth. There's an added benefit of reduced friction when using a dry lubricants since it translates into fewer products that collapse which aids in conserving energy, which is a primary objective of sustainability.


Dry Lubricants Market
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Dry Lubricants Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Mining Industry – The dry lubricants is suggested for use in the mining industry as it has exceptional resistance to salt spray is suggested for use in a range of lubricating applications on offshore drilling sites, and demonstrates exceptional resilience to high pressures and shear encountered in mining and drilling machinery.
  • Growing Demand for Food- Solid or dry lubricants that have received NSF certification for food processing are perfect for use in the food sector since the equipment used in food preparation needs to be kept lubricated to function properly. For instance, it is estimated that the amount of food consumed will be over 10,092 million tons in 2030 and around 14,885 million tons in 2050.
  • Increasing Usage in Aerospace & Defense Industry- Dry lubricants work at extremely high and low temperatures where the viscosity of oils and greases prevents them from doing their jobs thus, they are suitable for a wide range of industries, including aerospace and the military.
  • Expanding Applications in Steel- Dry lubricants, whether zinc-coated or uncoated, are applied to carbon steel to lessen friction in your manufacturing process and enhance the formability of steel.

Challenges

  • Availability of Alternative Lubricants – Dry lubricants compete with a wide variety of alternative lubrication methods such as oil-based lubricants, and advanced surface treatments. The cost of the dry lubes is typically higher as compared to petroleum-based oils which are readily available in large quantities, and are cost-effective. The most widely used lubricants in industry are those based on petroleum which are used in a variety of applications and are available in different forms, including sprays, oils, and greases. However, petroleum-based lubricants are not as effective as synthetic lubricants and can be found in a variety of forms, including silicones, polyglycols, esters, and fluorocarbons. Besides this, bio-based lubricants offer an eco-friendly substitute for lubricants derived from petroleum, improve engine efficiency, lower emissions, and biodegradability.
  • Stringent regulations as some dry lubricants contain chemicals that can affect the environment
  • Limited usage in several industries owing to compatibility issues

Dry Lubricants Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~5%

Base Year Market Size (2023)

~ USD 2 Billion

Forecast Year Market Size (2036)

~ USD 4 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Dry Lubricant Segmentation

Application (Oil & Gas, Steel, Mining& Mineral Processing, Automobile, Petrochemical, Food Processing Transcription, Waste Water, Aerospace & Defense)

The automobile segment in the dry lubricants market is estimated to gain a robust revenue share of 45% in the coming years owing to the growing production of vehicles driven by economic, technological, social, and environmental factors. Vehicles provide mobility, especially in urban areas, and an increase in dual-income households, and a desire for convenience. For instance, more than 85 million motor vehicles were produced globally in 2022, a 5% increase from 2021.

Dry lubricants, which are essentially solid in their solid state, shield car engine gaskets from fretting and corrosion and are employed in transmissions, brake systems, and even as coatings to lessen wear on specific engine parts. Recent research has demonstrated that dry-film lubricants provide superior lubrication conditions than liquid lubricants based on oil which makes it essential in the automotive sector to achieve a high-quality forming behavior. Moreover, dry lubricants are ideal for automotive applications where conditions might be tough as they can withstand extreme temperature variations as well and are employed in tie rod ends, brake calipers, fluid delivery tubes, and fasteners.

Type (Graphite, Molybdenum Disulfide, Boron Nitride, PTFE, Soft-metal Solid Lubricants)

The graphite segment in the dry lubricants market is set to garner a notable share shortly owing to the growing production of graphite. Amorphous carbon compounds are processed at high temperatures to create the synthetic material known as graphite, which is a commonly used industrial material used as a recarburizer to increase the carbon content while steel is being produced. Graphite finds application in pencils, lubricants, crucibles, polishes, arc lights, batteries, and electric motor brushes, and is often employed in batteries to increase electrical conductivity while maintaining stability and chemical inertness against corrosion. Graphene, the component of graphite, has excellent lubricating qualities and is hydrophobic owing to the weak van der Waals forces between the layers.

Graphite lubricants are "dry" lubricants that function in oxidizing conditions and high temperatures, whereas liquid lubricants often break down quickly, They are perfect for routine maintenance since they adhere quickly to most substrates, including metal, rubber, and plastic, to create a barrier that repels debris and lubricates the surface while shielding it from pressure and friction.

For instance, China accounted for more than 60% of global graphite production in 2022, making it the top producer in the world. Particularly, the last five years saw around a 50% increase in the global demand for graphite, and the following five years are predicted to see over 65% increase.

Our in-depth analysis of the global dry lubricants market includes the following segments:

          Application

  • Oil & Gas
  • Steel
  • Mining& Mineral Processing
  • Automobile
  • Petrochemical
  • Food Processing Transcription
  • Waste Water
  • Aerospace & Defense

          Type

  • Graphite
  • Molybdenum Disulfide
  • Boron Nitride
  • PTFE
  • Soft-metal Solid Lubricants

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Dry Lubricant Industry- Regional Synopsis

APAC Market Forecast

The dry lubricants market in the Asia Pacific is predicted to largest share of 40% by 2036 impelled by the growing industrial activities. The concentration of economic activity in urban areas owing to rapid urbanization is a major contributing factor to the rise of the industrial products sector in the Indian economy. According to estimates, India's industrial production increased from around 2% in November 2023 to over 3% in December 2023.

In addition, India's manufacturing sector is expanding quickly, and the country has a huge chance to grow its export portion of manufactured goods worldwide. For instance, in 2023, the manufacturing industry experienced an annual production growth rate of more than 4%.

North American Market Statistics

The North America dry lubricants market is estimated to be the second largest, during the forecast period led by the growing automotive industry. There is no denying the auto industry's significance to the US economy, which is now the importer of automobile-related goods to more nations. For instance, the US automotive industry was projected to be valued at around USD 1514 billion in 2022.

Research Nester
Dry Lubricants Market size
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Companies Dominating the Dry Lubricants Market

top-features-companies
    • 3M
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Dow Corning
    • DuPont
    • Sun Coating Company
    • Slickote Coatings
    • Kal-Gard F.A.
    • Everlube
    • Surcom Industries (DYNACRON)
    • CHP
    • Everlube
    • Sandstrom
    • Freudenberg (OSK)
    • Castrol-Lubecon
    • SKF
    • B’laster
    • ADNOC Distribution
    • Metal Coatings Corp

In-the-news

In The News

  • DuPont a premier multi-industrial company announced the launch of DuPont Kalrez perfluoroelastomer parts and DuPont Vespel parts and shapes for the oil and gas industry that make high-performance sealing possible in harsh industrial settings, and assist in resolving difficult sealing issues related to energy and oil and gas.
  • ADNOC Distribution partnered with Hindustan Petroleum Corporation Limited (HPCL) to increase its lubricant business in India, the United Arab Emirates, and other possible areas and hopes to take advantage of HPCL's wide network of more than 25,000 retail stations to enter this enormous market.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5852
  • Published Date: Mar 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing spending in the construction industry across the globe and the growing focus on sustainability are the major factors driving the growth of the market.

The market size of Dry Lubricants is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are Dow Corning, DuPont, Sun Coating Company, Slickote Coatings, Kal-Gard F.A., Everlube, Surcom Industries (DYNACRON), CHP, Everlube, Sandstrom, Freudenberg (OSK), Castrol-Lubecon, and others.

The Automobile segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Dry Lubricants Market Report Scope
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