Solid/Dry Lubricants Market Size (2024 - 2029)

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 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.