Dry/solid lubricants are materials that reduce the friction between two sliding surfaces, without the requirement of any liquid medium. The four most commonly used dry lubricants are hexagonal boron nitride, molybdenum disulfide, graphite, and tungsten disulfide. Dry lubricants offer lubrication at higher temperatures, as compared to oil-based and liquid lubricants. They are frequently utilized in applications such as dry lubricated bearings or locks. Dry lubricants can easily operate in temperatures up to 350°C in oxidizing environments and at higher temperatures in reducing / non-oxidizing environments. The low-frictional characteristic of a majority of dry/solid lubricants is generally ascribed to a layered microscopic structure of dry lubricants, which have a weak bond between them. These layers have the ability to slip over each other on the application of minimal force, thus offering low frictional properties. Apart from the layered structure, there are also a few other solids with non-lamellar structures, such as silver, lead, polytetrafluoroethylene, tin, some solid oxides, indium, rare-earth fluorides, and even diamond that can function as dry/solid lubricants in some applications.

Rising demand for dry lubricants is primarily ascribed to its superior properties such as low friction and high temperature resistance. Moreover, they are being widely employed in various end-user application sectors such as electric & electronics, industrial, and transportation. The transportation sector witnesses a prominent demand for dry lubricants due to their high lubrication property, even at higher temperatures. The electrical equipment sector also witnesses an increase in application of dry lubricants primarily due to the higher conductivity of dry lubricants. These lubricating solids possess better adhesion than unfortified oils, thereby reducing the cost of maintenance.

The dry lubricants market can be segmented based on material type, bonding method, application, and region. In terms of material type, the dry lubricants market can be divided into graphite, boron nitride, molybdenum disulfide, soft metal solid lubricants, PTFE, and others. Based on bonding method, the dry lubricants market can be segregated into vacuum sputtering, dip application, mechanical impingement, burnishing, and spray resin bonding. Based on application, the dry lubricants market can be classified into steel industry, oil & gas, mining & mineral processing industry, water & food processing, automobile, and petrochemical industry.

Based on region, the global dry lubricants market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Asia Pacific dominated the dry lubricants market in 2016, closely followed by North America and Europe. The region is anticipated to dominate the market during the forecast period. Currently, China accounts for majority major share of the dry lubricants market in the region. The country is anticipated to remain a prominent market for dry lubricants during the forecast period. This can be primarily ascribed to the rapid industrialization and increasing demand from electronic applications industries in the country. Furthermore, Asia Pacific is the leading manufacturer and consumer of graphite-based dry lubricant. The graphite-based lubricant segment dominates the market in India and China owing to the presence of major manufacturers in these countries, thereby providing optimum contribution to the global dry lubricant market. North America is the second largest consumer of dry lubricants. Demand for dry lubricants in the region is primarily owing to the large industrial and automotive applications in the region. The dry lubricants market in Middle East & Africa and Europe is anticipated to expand at a rapid pace in the next few years. This is primarily due to the increasing industrialization and higher rate of adoption of dry lubricants in these regions in the respective regions.

Key players operating in the global dry lubricants market include 3M, Henkel, Dow Corning, DuPont, Castrol-Lubecon, Sun Coating Company, Freudenberg (OSK), Surcom Industries (DYNACRON), Everlube, CHP, B’laster, Metal Coatings Corp, and SKF. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Dry Lubricants Market

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