Graphite Lubricant Market
Graphite Lubricant Market Analysis By Product Type (Solution, Pure Powder & Composites) By End-User (Transportation, Industrial Application & Electrical & Electronics) By Region – Global Market Insights 2022-2032
Analysis of Graphite Lubricant market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global Graphite Lubricant Market Snapshot
The global graphite lubricant market is estimated at USD 1,617.6 Million in 2022 and is forecast to surpass USD 2,452.6 Million by 2032, growing at a CAGR of 4.2% from 2022 to 2032.
Base Year Value (2021A)
USD 1,559.9 Million
Estimated Year Value (2022E)
USD 1,617.6 Million
Projected Year Value (2032F)
USD 2,452.6 Million
Global Growth Rate (2022-2032)
North America Market Share in 2021
North America Growth Rate (2022-2032)
Collective Value Share (US, China, India) 2022: Top 3 Countries
Top 5 Companies Market Share in 2021
Key Companies Profiled
The global graphite lubricant market is likely to create an absolute dollar opportunity of USD 834.9 Million by the end of 2032. The global graphite lubricant market holds ~2% of the global lubricants market.
2017-2021 Global Graphite Lubricant Market Outlook in Comparison to 2022-2032 Growth Forecast
Labelled as a solid lubricant, graphite consists of loosely bonded sheets of carbon atoms which imparts a slippery texture to it. This makes it an excellent lubricant along with a good material for pencil lead. The global graphite lubricant market is seeing an upswing owing to the burgeoning automotive industry. A flourishing manufacturing sector spread across the globe is also having a positive impact on it. Graphite lubricants find application in greasing parts of machinery so that they perform efficiently.
The global graphite lubricant market is progressing mainly on account of the uptake of the product in areas where high temperatures are required. In such areas organic or liquid lubricants are not feasible. A dry, solid lubricant such as graphite is most suited for it. Other USPs of the product which make it highly suitable are the high electrical and thermal conductivity and low coefficient of friction.
The global graphite lubricant market is being powered mainly by Asia Pacific owing to the presence of large and developing nations of India and China, which are not just leading producers of the product but also its consumers. North America is another prominent graphite lubricant market which is being driven mainly by the automotive and industrial applications.
Graphite lubricants are highly sought after in automotive industry. In addition, every manufacturing sector where machinery and mechanical tools play essential function, graphite lubricants are utilized heavily. As productivity and efficiency of machines have become an important aspect in determining the output values of any product line, demand for graphite lubricants is likely to increase at a steady pace during the assessment period.
Graphite lubricant is one of the widely used solid or dry lubricants. It is used in applications with high temperature where using liquid or organic lubricants is incompatible. A combination of intrinsic properties such as solid in nature, high thermal and electrical conductivity, and low coefficient of friction enable graphite to deliver its excellent lubricant properties.
Fact.MR projects the graphite lubricant market is expected to witness exhibiting growth at 4.2% CAGR during 2022 and 2032 in comparison to a CAGR of 2.8% with which it grew from 2017 and 2021.
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Transformations in Transportation and Logistics Industry to Bolster the Demand
On account of growing digitization, entry of new market players, changing consumer preferences, and evolving business models, the transportation and logistics industry is undergoing an impressive transformation. As logistics industry is growing rapidly, fleet management services are evolving in parallel. And, the fleet size of the automotive and transport industries presents significant demand for graphite lubricants. Efficient use of graphite lubricants can boost operational efficiency and reduce spending on account of wear and tear.
Advances in Design to Enhance Machine Efficiency Driving Adoption
With the increasing pressure of operational efficiency, machine designs are evolving significantly. This evolution is aimed at designing a machine that requires lesser maintenance, and provides reliability as well as durability. After completion of machine design, manufacturers are focusing on gathering data for overall equipment effectiveness (OEE) that determines the output value of the production line. An important issue that wanes the productivity of a machine or a mechanism is the destructive mechanical frictional. To resolve this, usually technical lubricants such as graphite or molybdenum disulfide is used.
To win over the competition, operational efficiency is the main factor that significantly influences growth of a particular industry. As the demand for machine efficiency increases in manufacturing sectors, the market for graphite lubricant is expected to grow steadily in future. Further, advances in nanotechnology have devised graphite nano-lubricants that are used as additives in oil and grease to enhance the tribology behavior of the engines.
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Graphite Lubricant Sprays Find Application in Multiple End-user Industries
The graphite lubricant spray is applied as a coating which is easily air dried and can be bonded to different materials including metal, plastic, and rubber. With the smooth black paint-like coating, the graphite spray prevents the surface from extreme pressure and friction tear. Every application that experiences consistent friction commonly demands solid lubricants such as graphite spray. Transfer belts, conveyor belts, different types of motors, material handling equipment, machine components, slides, rollers, wheels, gears, chains, and even hinges of doors and windows utilize graphite lubricant spray to reduce friction. Thus, starting from manufacturing industry to construction sector, graphite lubricant spray is likely to be sought after in future.
Development of Dry Bearings to Hamper Market Growth
After the development of self-lubricated material, its implementation in the design of bearings has brought revolution in the bearing as well as lubrication sector. Dry bearings are used in remote operations that cannot be regularly maintained or at locations that are submerged in water. Advances in bearing designs have led to the development of bearings and bearing units with improved performance, high-temperature resistance, efficiency in dry environments and low rotational speeds. These features of dry bearings have gradually replaced functions of dry lubricants including graphite lubricant. And, their increased application in the automotive, construction, metal, and other industries is likely to hamper demand for graphite lubricants in future.
Competitive Landscape: Top Companies in Graphite Lubricant Market
The global graphite lubricant market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the growth of graphite lubricant.
Fact.MR has provided detailed information about price points of key manufacturers in graphite lubricant market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
- Imerys Graphite & Carbon in 2022 announced to dispose its non-core natural graphite assets of graphite mine and plant to Northern Graphite Corporation
- Henkal AG & Co. KGaA in 2020 announced to acquire majority stake in direct-to-consumer business, Brands Holding, which will lead to further expansion in the beauty segment
Global Graphite Lubricant Market by Category
By Product Type, Global Graphite Lubricant Market is segmented as:
- Pure Powder
- Other Product Types
By End-User, Global Graphite Lubricant Market is segmented as:
- Industrial Application
- Electrical & Electronics
By Region, Global Graphite Lubricant Market is segmented as:
- North America
- Latin America
- East Asia
- South Asia & Oceania
- FAQs -
What is the global Graphite Lubricant Market scenario?
The global value of graphite lubricant market is estimated to be worth over USD 1,617.6 Million in 2022.
How far is the global demand expected to reach over the forecasted period?
The demand is anticipated to surpass USD 2,452.6 Million by 2032 end.
What was the last 5-year CAGR for the demand in the Graphite Lubricant Market?
During 2017-2021, global graphite lubricant market grew at 2.8% CAGR.
Who are the prominent players in the global Graphite Lubricant Market?
Some of the prominent players in graphite lubricant market are Imerys Graphite & Carbon, MOSIL Lubricants Pvt. Ltd., Dow Corning, Superior Graphite, Henkal AG & Co. KGaA, etc.
Which is the most leading region in the Graphite Lubricant Market?
North America tops the global graphite lubricant market accounting for 30.8% of global market share in 2022.
Which product type segment contributes maximum share in Graphite Lubricant sales?
Solution segment under the product type segment contributes 27.8% of market share in global sales of graphite lubricant.