Solid/dry Lubricants Market - Forecast(2024 - 2030)
Overview
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.
Report Coverage
The “Solid/dry Lubricants Market report –
Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the
following segments of the Solid/dry Lubricants Market.
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.
Type - Segment Analysis
For many years,
the Molybdenum disulfide (MoS2) segment has been Solid/dry Lubricants primary
market. A fine powder is used for its well-documented lubrication
characteristics than polytetrafluorethylene (PTFE). Using
MoS2 in large crystal form is more difficult for being used as a substrate
material.
End-Use Industry - Segment Analysis
Automotive sector has been the primary market for Solid/dry
Lubricants for many years at a CAGR of 3.88%. It is widely used in greases and
grease-like products for lubrication and for automotive systems such as ball
joints, wheel bearing, pedal shafts, steering linkages, and lubrication control
arms are commonly used. It is a suitable material used to chassis lubrication
for trucks and construction vehicles. Railway curve-rail greases with MoS2 can
be used in the transport sector to reduce wheel wear and the consumption of
fuel. Aluminum alloys, rather than heavy metals, are increasingly used by
automotive technologies to minimize inertia mass, which have provided a large
application window for a broader variety of materials in the industry. In
addition, this has driven demand for a range of lubricating materials in order
to solve the problems of rust, wear and friction associated with materials.
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. Thus, expected to remain steady demand for MoS2, which is added
to semiconductors, transistors, LEDs, lasers of solar cells and others. The
automobile and construction industries are seeing tremendous growth as a result
of increasing infrastructure investments in emerging economies such as India,
driven by the region's rapid urbanization
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. MoS2 has a range of applications in different end-use industries that
has favorable growth due to the current trend of growth in industries,
such as automotive, electronics and construction.
Challenges – Solid/dry Lubricants Market
·
Presence of alternative materials
The presence of
alternatives like tungsten disulfide (WS2), however, will restrict the growth
of the demand in molybdenum disulfide. Molybdenum disulfide properties include
non-effectiveness in the application only at low temperatures. In
addition, local competitors will supply low-quality products to curb the
growth of the global Solid/dry Lubricants Market during the forecast period.
Market Landscape
Technology launches, acquisitions
and R&D activities are key strategies adopted by players in the Solid/dry
Lubricants Market. In 2018, the market of Solid/dry Lubricants has been consolidated
by the top five players accounting for xx% of the share. 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.
Acquisitions/Technology Launches
Ø
In December 2017, Merced has
developed a molybdenum disulfide (MoS2) catalyst for hydrogen evolution
reaction (HER) researchers from Sandia National Laboratories and the University
of California With physical transformation into 3D-structure structurally
deformed, the product has excellent catalytic activity.
Ø
In October 2016, a research
team at the Department of Energy’s Lawrence Berkeley National Laboratory
(Berkeley Lab) created a transistor with a working 1-nanometer gate, smallest
transistor reported to date, using carbon nanotubes and molybdenum disulfide
(MoS2).