Global Solid/dry Lubricants Market - Segmented by Resin Type (MoS2, PTFE, Graphite, Soft Metals), Process, End-User, and Geography - Growth, Trends, and Forecast (2022 - 2030)
Solid/dry Lubricants Market
The solid/dry lubricants market is estimated to grow at a moderate to high rate during the forecast period, 2018-2023. Asia-Pacific is expected to witness highest growth in the demand for solid/dry lubricants during the forecast period, owing to the rising demand from automotive and manufacturing industry.
Growing Manufacturing Industry in Asia-Pacific
Asia-Pacific is presently a major hub for manufacturing, led by China. Other Asian countries leading the manufacturing sector include, Indonesia, Thailand, the Philippines, Vietnam, and Singapore. Availability of cheap and abundant labor force and materials in this region, and unexplored mineral resources, are some of the main factors contributing to the growth of the manufacturing sector. FDI inflow to Asia is to increase by nearly 15% in 2017, to USD 515 billion, this is mostly a result of the renewed policy efforts by the countries in this region. The FDI inflow to Asian countries was at its peak value of USD 524 billion in 2015, which was a moderate value in 2016. Though, China has been known for supplying low-cost products, its reputation for low-cost products is declining, with the emergence of new low-cost manufacturing destinations, such as Vietnam.
The ‘Make in India’ initiative by the Indian government is also making the country a manufacturing hub. Technologies, like additive manufacturing, advanced robotics, Industrial Internet of Things (IIOT), and augmented reality, are to be implemented in the manufacturing sector by 2022. India is one of the rapidly growing manufacturing markets in Asia. Vietnam is also becoming one of the most important destinations for FDI over the past years. Vietnam's industrial production rose 9.9 % Y-o-Y in Aug 2017.
Automotive Industry is likely to propel the Market
According to ACEA (European Automobile Manufacturers Association), the global production of motor vehicles was about 96.1 million units in 2016. Asia-Pacific and Europe have been the prime regions supporting the growth of automotive production, with year-on-year growth rates of 7.6% and 2.5%, respectively, for 2015-16. China, India, the Philippines, and Vietnam are turning out to be potential markets for demand and supply of automobiles, owing to many automotive manufacturers establishing their manufacturing and assembly plants in these countries. Major car manufacturers, such as Chevrolet, Daimler, Jeep, Audi, Volvo, and Kia, have either set up their automotive manufacturing facilities or are planning to start new facilities in the Asia-Pacific region in the near future. Premium cars, as well as mass consumer vehicles are being manufactured with newer engine technologies in the region. The United Kingdom, Italy, and France exhibited growth with their output increasing to about 5.7%, 8%, and 1.8%, respectively, in the first half of 2017.
Asia-Pacific to Witness Strong Growth in Solid/dry Lubricants Market
The global focus of solid/dry lubricants is currently on Asia-Pacific as well as the Middle East countries. China, India, Thailand, and Vietnam are some of the key markets for these products due to their large population base and low per capita consumption of solid/dry lubricants compared to developed countries, such as Germany or the United States. China is the largest consumer of solid/dry lubricants as it is the one of the leading automobiles market globally. India and China alone manufacture approximately 50% of the world’s cars and, in turn, consume nearly 35-40% of the solid/dry lubricants used for automobiles globally.
Solid/dry Lubricants Market Major Players
Anti-Seize Technology
B'laster
Castrol-Lubecon
Dow Corning
ENDURA PLATING TECHNOLOGY
Everlube
Everlube
Henkel
Kal-Gard F.A.
Kluber Lubrication
Lps Laboratories
Lubrication Engineers
Metal Coatings Corp
OKS Speciality Lubricants
Permatex
Sandstrom
SKF
Slickote Coatings
Sun Coating Company
Surcom Industries(DYNACRON)
Unil Opal
Weicon
Whitford Corporation
Reasons to Purchase Solid/dry Lubricants Market Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Which end-user type is expected to dominate the solid/dry lubricants market
Which region is expected to witness fastest growth during the forecast period
Identify the latest developments, market shares and strategies employed by the major market players
3 months analyst support along with the Market Estimate sheet in excel
Customize Solid/dry Lubricants Market Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you to get a report that suits your needs.
The solid/dry lubricants market is estimated to grow at a moderate to high rate during the forecast period, 2018-2023. Asia-Pacific is expected to witness highest growth in the demand for solid/dry lubricants during the forecast period, owing to the rising demand from automotive and manufacturing industry.
Growing Manufacturing Industry in Asia-Pacific
Asia-Pacific is presently a major hub for manufacturing, led by China. Other Asian countries leading the manufacturing sector include, Indonesia, Thailand, the Philippines, Vietnam, and Singapore. Availability of cheap and abundant labor force and materials in this region, and unexplored mineral resources, are some of the main factors contributing to the growth of the manufacturing sector. FDI inflow to Asia is to increase by nearly 15% in 2017, to USD 515 billion, this is mostly a result of the renewed policy efforts by the countries in this region. The FDI inflow to Asian countries was at its peak value of USD 524 billion in 2015, which was a moderate value in 2016. Though, China has been known for supplying low-cost products, its reputation for low-cost products is declining, with the emergence of new low-cost manufacturing destinations, such as Vietnam.
The ‘Make in India’ initiative by the Indian government is also making the country a manufacturing hub. Technologies, like additive manufacturing, advanced robotics, Industrial Internet of Things (IIOT), and augmented reality, are to be implemented in the manufacturing sector by 2022. India is one of the rapidly growing manufacturing markets in Asia. Vietnam is also becoming one of the most important destinations for FDI over the past years. Vietnam's industrial production rose 9.9 % Y-o-Y in Aug 2017.
Automotive Industry is likely to propel the Market
According to ACEA (European Automobile Manufacturers Association), the global production of motor vehicles was about 96.1 million units in 2016. Asia-Pacific and Europe have been the prime regions supporting the growth of automotive production, with year-on-year growth rates of 7.6% and 2.5%, respectively, for 2015-16. China, India, the Philippines, and Vietnam are turning out to be potential markets for demand and supply of automobiles, owing to many automotive manufacturers establishing their manufacturing and assembly plants in these countries. Major car manufacturers, such as Chevrolet, Daimler, Jeep, Audi, Volvo, and Kia, have either set up their automotive manufacturing facilities or are planning to start new facilities in the Asia-Pacific region in the near future. Premium cars, as well as mass consumer vehicles are being manufactured with newer engine technologies in the region. The United Kingdom, Italy, and France exhibited growth with their output increasing to about 5.7%, 8%, and 1.8%, respectively, in the first half of 2017.
Asia-Pacific to Witness Strong Growth in Solid/dry Lubricants Market
The global focus of solid/dry lubricants is currently on Asia-Pacific as well as the Middle East countries. China, India, Thailand, and Vietnam are some of the key markets for these products due to their large population base and low per capita consumption of solid/dry lubricants compared to developed countries, such as Germany or the United States. China is the largest consumer of solid/dry lubricants as it is the one of the leading automobiles market globally. India and China alone manufacture approximately 50% of the world’s cars and, in turn, consume nearly 35-40% of the solid/dry lubricants used for automobiles globally.
Solid/dry Lubricants Market Major Players
Anti-Seize Technology
B'laster
Castrol-Lubecon
Dow Corning
ENDURA PLATING TECHNOLOGY
Everlube
Everlube
Henkel
Kal-Gard F.A.
Kluber Lubrication
Lps Laboratories
Lubrication Engineers
Metal Coatings Corp
OKS Speciality Lubricants
Permatex
Sandstrom
SKF
Slickote Coatings
Sun Coating Company
Surcom Industries(DYNACRON)
Unil Opal
Weicon
Whitford Corporation
Reasons to Purchase Solid/dry Lubricants Market Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Which end-user type is expected to dominate the solid/dry lubricants market
Which region is expected to witness fastest growth during the forecast period
Identify the latest developments, market shares and strategies employed by the major market players
3 months analyst support along with the Market Estimate sheet in excel
Customize Solid/dry Lubricants Market Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you to get a report that suits your needs.
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