Dry Lubricant Market, with a 2.48% CAGR, is projected to increase from USD 2.830 billion in 2025 to USD 3.199 billion in 2030.
Dry lubricant, also known as a solid lubricant, is a substance that, lowers the friction between two surfaces that are gliding past one another without a liquid oil medium. The two most used dry lubricants are molybdenum disulfide and graphite. Dry lubricants are used in a variety of sectors such as the automobile sector where it is used in brake callipers, fluid delivery tubes, fasteners, tie rod ends, anti-vibration components, and other components, to achieve the desired wear, friction, and corrosion resistance in vehicles. Dry lubricants are also in demand with the increase in industrial production. In 2023 January, the Federal Reserve reports that industrial production increased in the US by 0.8% year on year and automobile production in the United States grew in January to 1.60 million units from 1.58 million units in December 2022. Technological developments and an increase in the usage of modern machinery are driving increasing demand for high-performance lubricants with low friction and high working temperatures and are expected to boost the dry lubricant market.
The automobile sector is one of the fastest-growing industries for dry lubricants. The need for solid (dry) lubricants in the vehicle industry is increasing as a result of the industry's growing trend of advanced surface engineering for enhanced user experience. By replacing heavy metals with aluminum alloys in automotive technologies to lower inertia mass, the industry has greatly increased the window of utilization for a variety of materials. The surge in production, as well as consumption of automobiles, has increased the need for a diverse variety of lubricating materials. According to the OICA data truck production has increased from 479180 units in 2020 to 622401 in 2021 which has shown a rise of 30% in the production rate. Furthermore, as per the same source, the world’s commercial vehicle sales have increased from 22,005,464 units in 2020 to 22,957,816 in 2021 which has shown a rise of 4% in production. Such a rise in production and sales in the automotive sector will boost the dry lubricant market.
Molybdenum disulfide (MoS2), one of the most popular solid lubricants, is used to ensure the smooth operation of machinery and equipment in a variety of industries, including automotive and transportation, electronics, aerospace, and other sectors. According to OCIA, a 3% rise in worldwide automotive vehicle production from 77.71 million units in 2020 to 80.14 million units in 2021. In the construction sector, MoS2-containing grease that has been used on kingpins, ball joints, pivot pins, spherical pivot bearings, etc. can be utilized as OEM lubricants. These coatings are used to safeguard load-bearing surfaces and enhance the performance of new components. Due to the present trend of expansion in industries including automotive, electronics, and construction, MoS2 has a variety of applications in several end-use industries with positive growth. This showcases that the use of molybdenum disulfide will be increased which will propel the market growth for the dry lubricant.
The dry lubricant market share will be dominated by the Asia-Pacific region. Solid (dry) lubricants are primarily driven by the automobile sector in the Asia-Pacific area. According to OCIA data in 2021, the vehicle production output in China stood at 26,082,220, representing a 3% increase from 25,225,242 units produced in 2020. As per the same source, the truck production in the Asia-pacific region has also increased from 122576 units in 2020 to 246407 in 2021 which has shown a rise of 101% in the production rate. The pace of vehicle manufacturing and sales has increased in the Asia-Pacific thereby pushing up the demand for lubricants and greases in the region which is expected to drive the market growth for dry lubricants during the forecast period.
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