“Graphite Lubricant: Asia Pacific Increasing Global Dominance” Infoholic Research
Bangalore, India: With its recently published study “Graphite Lubricant Market: Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2022”, Infoholic Research forecasts that the global market will continue to grow owing to the increased exposure of application areas in the underdeveloped and developing countries. Graphite lubricant is a type of dry lubricant and it is also a specialty product for use at high temperatures. It offers lubrication at higher temperature than liquid and oil-based lubricants. It can be used in various forms such as dry powder, composite, colloidal graphite in water or oil. It is used majorly in areas where there is a necessity of dry lubrication or exposure to high temperature in operating conditions. The increased usage of graphite lubricants in electrical & electronics will expand its market in the both developed and developing countries. Further, the increasing market penetration in developing countries would also increase the market potential boosting the growth of the market. This trend is expected to continue during the forecast period 2016–2022 to further increase the graphite lubricant market at a CAGR 4.2% taking it to $1.67 billion by 2022.
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Asia Pacific is the biggest consumer in the graphite lubricants market accounting for around half of the overall market. The transportation industry is the largest contributor toward the graphite lubricant market in both Asia pacific and the global market. This trend is expected to continue during the forecast period as well. With the increasing manufacturing base across the globe and the increasing technological changes, the market for graphite lubricants in the industrial applications is expected to grow at a CAGR of 4.1% during the forecast period 2016–2022. Graphite pure powder lubricant, which is most usable application method due to its cheaper price and ease of production process, is dominating the Asian market while developed countries are moving toward other forms. The market share for other application technologies are expected to grow further with the increasing adoption across industries and affordability in developing economies.
“Graphite lubricant is a type of dry lubricant with high lubricity and thermal conductivity. Depending on the material composition and production process, graphite with differing size and mechanical specifications are used in specific applications. Although the current lubrication market is dominated by powder graphite, the growth of spray in transportation and industrial application is expected to increase its market in the coming years. This trend can be expected across geographies not limiting to developed countries as the affordability and technological adoption are improving.” – Khushboo Pandey, Research Analyst.
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Key insights of the report
- Global graphite lubricant market has been analyzed based on application areas
- Pure Powder
- The study constitutes a classification based on end-users
- Industrial Application
- Electrical & Electronics
- Industry outlook: Market trends, drivers, restraints, and opportunities