Dry Lubricants Market Scope
Dry lubricants or solid lubricants reduce the friction between two sliding surfaces. Dry lubrication offers lubrication at a higher temperature as compared with liquid or oil-based lubricants. They are ideal for high load-carrying capacity applications due to good chemical resistance and excellent coefficient of friction. These dry lubricants are frequently used in applications such as bearings lubrication, lock lubrication, and joint lubrication, among others.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | 3M (United States), DuPont de Nemours, Inc. (United States), Anti-Seize Technology (United States), Castrol Limited (United Kingdom), CHP (United States), Curtiss-Wright Surface Technologies (United States), Endura Plating Technology (United States), Henkel Corporation (Germany), Illinois Tool Works Company (United States) and Kluber Lubrication (Germany) |
CAGR | % |
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Dry Lubricants market throughout the predicted period.
3M (United States), DuPont de Nemours, Inc. (United States), Anti-Seize Technology (United States), Castrol Limited (United Kingdom), CHP (United States), Curtiss-Wright Surface Technologies (United States), Endura Plating Technology (United States), Henkel Corporation (Germany), Illinois Tool Works Company (United States) and Kluber Lubrication (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Lubrication Engineers, Inc. (United States), OKS Speciality Lubricants (India), Sandstrom Products Company (United States), SKF (Sweden), Sun Coating Company (United States), The B'laster Corporation (United States) and Weicon GmbH & Co. KG (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Dry Lubricants market by Type , by Application (Automotive, Aerospace, Steel Industry, Oil & Gas, Energy & Power and Mining & Mineral Processing) and Region with country level break-up.
On the basis of geography, the market of Dry Lubricants has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In July 2023, Moly-Slip, a UK-based manufacturer of dry lubricants, announced its merger with Dow Chemical's Moly*Dite business. This merger creates a global leader in the dry lubricants industry with a combined portfolio of advanced materials and technologies.
In January 2023, Acheson Industries, a leading provider of specialty lubricants, acquired the dry lubricants business of The Chemours Company. This acquisition expands Acheson's portfolio of dry lubricants and strengthens its position in the market.
Influencing Trend:
Focused on the Development of New Methods and Product Innovation According To Customer Preferences
Market Growth Drivers:
Increasing Use of Dry Lubrication in Many End-Use Industries Including Aerospace, Oil & Gas, and Automotive and High Demand for Dry Lubricant from the Transportation Sector Due To Its High Lubrication Properties at High Temperature
Challenges:
Stringent Government Regulations on Raw Materials
Restraints:
Increasing Use of Bio-Based Lubricants as Substitutes of Dry Lubricants
Opportunities:
Advancements in Technology and Increased Adoption of Modern Age Machinery
Key Target Audience
Dry Lubricants Manufacturers, Raw Material Suppliers, Traders/Exporters/Importers, Potential Investors, End-Use Industry and Others