Dry Lubricants Market Analysis

Application Segment Analysis

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 Segment Analysis

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: