Solid/dry Lubricants Market is forecast to reach $802.00 million by 2025, after growing at a CAGR of 1.8% during 2020-2025. MoS2 is a dry lubricant film that can be used in the production of various products for different industries. In Asia-Pacific, MoS2 is expected to be the fastest-growing market, by increasing investments in the region ever-growing population and rising consumer power. Further, enhance the overall market demand for Solid/dry Lubricants during the forecast period. Key Takeaways
It is widely used in the military, aerospace and automotive industries for its various properties.
It is widely used in automotive systems such as ball joints, wheel bearing, pedal shafts, steering linkages, and lubrication control arms.
Molybdenum Disulfide is also used in industrial and manufacturing plants for heavily loaded bearings to protect the bearings from corrosion and also against oxidation.
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Geography - Segment Analysis
APAC dominated the Solid/Dry lubricants Market share with more than 35%, followed by North America and Europe. The usage in many end-use applications driving rapid growth in end-use industries like automobiles, transport, electronics, constructions and general engineering. The growth of the Asia-Pacific manufacturing sector has led to increasing demand for low-friction coatings and lubricants due to the change in manufacturing bases by global players due to the availability of cheap raw materials and labour. In addition, the major markets of electronics production in countries such as China, South Korea, Taiwan, and Japan have global demand.
Drivers – Solid/dry Lubricants Market
Increasing Demand due to growing End-use Industries
One of the most common solid lubricants is molybdenum disulfide (MoS2) which is used to smooth functioning of machines and equipment in different industries which includes automotive & transportation, electronics, aerospace, and various other industries. For construction markets, greases containing MoS2, with applications on kingpins, ball joints, pivot pins, spherical pivot bearings, etc., can be used as OEM lubricants. These coatings are used to improve the operation of new components and to protect load-bearing surfaces. The properties of MoS2 make it suitable for use in LED, laser, photonics, photovoltaic and other microelectronic applications in the electronics industry.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Solid/dry Lubricants Market. Major players in the Solid/dry Lubricants Market are Illinois Tool Works Company, Henkel Corporation, DuPont de Nemours, Inc., CASTROL LIMITED, Klüber Lubrication, among others.
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