Dry Lubricants Market Trends

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)

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 Trends