Solid Dry Lubricants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 2.45 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Solid Dry Lubricants Market Analysis
The Solid/Dry Lubricants Market size is estimated at 18.93 kilotons in 2024, and is expected to reach 21.36 kilotons by 2029, growing at a CAGR of 2.45% during the forecast period (2024-2029).
The COVID-19 crisis heavily impacted the global automotive supply industry, as both the production and sales of motor vehicles came to a sudden halt in most regions. These work stoppages led to a loss in the production of millions of vehicles across the world. The automobile industry comes with a direct effect on the lubricants market. However, the market growth picked up steadily. It is owing to increased automotive and other construction activities after the lifting of restrictions in the second half of 2021.
- Over the medium term, the growing manufacturing industry in Asia-Pacific and growing demand for spray application in dry lubricants are significant factors driving the growth of the market studied.
- On the other hand, factors limiting the growth of the market include stringent government regulations on raw materials and the modest impact of electric vehicles (EVs) in the future. These are expected to come with a negative influence on the demand for dry lubricants.
- Nevertheless, the continuous advancements in technology and increasing environmental consciousness are likely to create lucrative growth opportunities for the global market soon.
- Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
Solid Dry Lubricants Market Trends
Largest consumption from Automotive Industry
- The automotive segment is one of the rapidly growing segments for these coatings. The growing trend of advanced surface engineering in the automotive industry for better user experience is boosting the demand for solid (dry) lubricants in the automotive industry.
- Dry lubricants are used in brake calipers, fluid delivery tubes, fasteners, tie rod-ends, anti-vibration components, and shock rods. It is also used in piston rings, engine valves, car door handles, emblems, front grills, plated aluminum wheels, and fuel injection housing, among others, to achieve the desired wear, friction, and corrosion resistance in vehicles.
- According to the International Organization of Motor Vehicle Manufacturers (OICA), global motor vehicle production reached 85,016,728 units in 2022. The production increased by 5.9% when compared to the previous year's data. Also, motor vehicle production growth year-on-year between 2021 and 2022 markets was at 6%.
- Similarly, as per OICA, commercial vehicle production reached 57.49 million units in 2022 and registered growth when compared to 56.44 in 2021.
- Meanwhile, as per the Bureau of Economic Analysis of the United States Department of Commerce, light vehicle retail sales reached 13,754.3 thousand units. It registered the lowest production when compared to 14,946.9 thousand units in 2021.
- Further, according to the German Association of the Automotive Industry (Verband der Automobilindustrie), automobile production in Germany reached 3.4 million in 2022 and registered a growth of 9.6% when compared to 3.1 million in 2021.
- The trends mentioned above in automotive are likely to increase the demand for solid/dry lubricants in the market during the forecast period.
Asia-Pacific to Dominate the Market
- The Asia-Pacific region dominated the global market share. In Asia-Pacific, China is the largest economy,
- The automotive industry is the major driving factor for solid (dry) lubricants in China. However, the growth is different for all markets. The passenger car market is down due to policy overdrafts and high base, which became the main factors for the low growth of the automobile market.
- In developing countries, the demand for passenger cars is significantly increasing due to the growth in middle-class incomes, technology, and sales promotions provided to people by automobile manufacturers.
- According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), Asia-Pacific has led global automobile production in recent years. China is the largest producer of automobiles in the country. In 2022, china produced over 23.84 million units of passenger cars and remained at the top, followed by Japan with 6.57 million units.
- According to the China Association of Automobile Manufacturers(CAAM), in 2022, approximately 23.56 million passenger cars and 3.3 million commercial vehicles were sold in China.
- Additionally, as per the Ministry of Economy, Trade and Industry (METI), the Japanese automotive industry saw a rise in the production value of motor vehicles in 2022, reaching JPY 19.29 trillion (USD 13.39 trillion), compared to approximately JPY 17.65 trillion (USD 12.26 trillion) in the preceding year.
- The factors above are expected to increase the demand for the market studied during the forecast period.
Solid Dry Lubricants Industry Overview
The solid/dry lubricants market is partially fragmented in nature. Some of the major players in the market (not in any particular order) include Illinois Tool Works Inc., Henkel AG & Co. KGaA, DuPont, CASTROL LIMITED, and Klüber Lubrication, among others.
Solid Dry Lubricants Market Leaders
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CASTROL LIMITED
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Klüber Lubrication
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Illinois Tool Works Inc.
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Henkel AG & Co. KGaA
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DuPont
*Disclaimer: Major Players sorted in no particular order
Solid Dry Lubricants Market News
The recent developments pertaining to the major players in the market are being covered in the complete study.
Solid Dry Lubricants Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Growing Manufacturing Industry in Asia-Pacific
- 4.1.2 Growing Demand for Spray Application in Dry Lubricants
- 4.1.3 Other Drivers
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4.2 Restraints
- 4.2.1 Stringent Government Regulations on Raw Materials
- 4.2.2 Modest Impact of Electric Vehicles (EVs) in the Future
- 4.3 Industry Value Chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
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5.1 Type
- 5.1.1 Molybdenum Disulfide (MoS2)
- 5.1.2 PTFE
- 5.1.3 Graphite
- 5.1.4 Soft Metals
- 5.1.5 Other Types
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5.2 End-use
- 5.2.1 Automotive
- 5.2.2 Textile
- 5.2.3 General Industrial Manufacturing
- 5.2.4 Others
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5.3 Geography
- 5.3.1 Asia Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Rest of North America
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 Italy
- 5.3.3.4 France
- 5.3.3.5 Russia
- 5.3.3.6 Rest of Europe
- 5.3.4 Rest of the World
- 5.3.4.1 South America
- 5.3.4.2 Middle East
- 5.3.4.3 Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Anti-Seize Technology
- 6.4.2 CASTROL LIMITED
- 6.4.3 Curtiss-Wright Surface Technologies (CWST)
- 6.4.4 DuPont
- 6.4.5 ENDURA PLATING TECHNOLOGY
- 6.4.6 Henkel AG & Co. KGaA
- 6.4.7 Illinois Tool Works Inc.
- 6.4.8 Kluber Lubrication
- 6.4.9 Lubrication Engineers
- 6.4.10 Metal Coatings
- 6.4.11 Sandstrom Products Company
- 6.4.12 SCCS Industries LLC.(DYNACRON)
- 6.4.13 SKF
- 6.4.14 Slickote Coatings
- 6.4.15 Sun Coating Company
- 6.4.16 The B'laster Corporation
- 6.4.17 WEICON GmbH & Co. KG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Continuous Advancements in Technology Increasing Environmental Consciousness
- 7.2 Other Opportunities
Solid Dry Lubricants Industry Segmentation
Solid lubricants are described as solid materials intentionally introduced or in situ formed on contact surfaces in relative motion for the purpose of lowering friction and wear and providing protection from damage. Solid-lubricating materials for modern machinery, which uses rolling and sliding contact surfaces, mainly serve in extremely harsh conditions. The conditions include elevated temperature, alternation of moist air atmosphere and vacuum, heavy load, high speed, strong oxidation and chemical reactivity, and severe thermal shock environments.
The solid/dry lubricants market is segmented by type, end-user, and geography. By type, the market is segmented into molybdenum disulfide (MoS2), PTFE, graphite, soft metals, and other types. By end-use, the market is segmented into automotive, textile, general industrial manufacturing, and others. The report also covers the market size and forecasts for the solid/dry lubricants market in 11 countries across the globe. The report offers market size and forecasts for the solid/dry lubricants market in volume (tons) for all the above segments.
| Type | Molybdenum Disulfide (MoS2) | |
| PTFE | ||
| Graphite | ||
| Soft Metals | ||
| Other Types | ||
| End-use | Automotive | |
| Textile | ||
| General Industrial Manufacturing | ||
| Others | ||
| Geography | Asia Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Rest of North America | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Rest of the World | South America |
| Middle East | ||
| Africa |
Solid Dry Lubricants Market Research FAQs
How big is the Solid/Dry Lubricants Market?
The Solid/Dry Lubricants Market size is expected to reach 18.93 kilotons in 2024 and grow at a CAGR of 2.45% to reach 21.36 kilotons by 2029.
What is the current Solid/Dry Lubricants Market size?
In 2024, the Solid/Dry Lubricants Market size is expected to reach 18.93 kilotons.
Who are the key players in Solid/Dry Lubricants Market?
CASTROL LIMITED, Klüber Lubrication, Illinois Tool Works Inc., Henkel AG & Co. KGaA and DuPont are the major companies operating in the Solid/Dry Lubricants Market.
Which is the fastest growing region in Solid/Dry Lubricants Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Solid/Dry Lubricants Market?
In 2024, the Asia Pacific accounts for the largest market share in Solid/Dry Lubricants Market.
What years does this Solid/Dry Lubricants Market cover, and what was the market size in 2023?
In 2023, the Solid/Dry Lubricants Market size was estimated at 18.47 kilotons. The report covers the Solid/Dry Lubricants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Solid/Dry Lubricants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Solid Dry Lubricants Industry Report
Statistics for the 2024 Solid Dry Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Solid Dry Lubricants analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
