Graphite Lubricant Market Insight & Future Assessment for the Period 2016 – 2022

(AmericaNewsHour via Comtex)

Graphite is one of the most common forms of carbon. Graphite with or without other chemicals or materials used for lubrication is commonly termed as graphite lubricants, which come under dry lubricant or solid lubricant. Although being in the solid phase, dry lubricants or solid lubricants are materials that reduce friction between twsurfaces sliding against each other without the need for any liquid medium. Due tits superior property, such as high temperature resistance and low coefficient of friction, it is widely being used in various end-user industries like transportation, industrial application, and electric & electronics.

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Transportation is the largest end-user of graphite lubricant owing tits high lubrication property even at higher temperatures followed by industrial applications. The application of graphite lubricants is alsincreasing in electrical equipment due tthe added advantage of conductivity. These lubricating solids can stay longer than unfortified oils, thus reducing the maintenance cost.

Globally, the demand for graphite lubricant is growing consistently, especially in the Asia Pacific and North America markets. This growth is supported by the increasing industrialization and electronic applications industries in these regions respectively. Currently, Asia Pacific is the global leader in the graphite lubricant market. China and India have an advantage of having the most number of manufacturing and consumption markets, thus providing maximum contribution tthe global graphite lubricant market. North America is the second major consumer of global graphite lubricant owing tlarge automotive and industrial applications in the region. Europe and Middle East & African countries show high growth rate during the forecast period due tthe increasing acceptance and industrialization in respective regions.

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According tInfoholic Research, the global graphite lubricant market is expected tgrow at a CAGR of 4.2% during the forecast period treach around $1.67 billion by 2022. The transportation segment is expected tbe dominant in the application segment, which is driven by China and India. In geographic terms, Asia Pacific is expected tretain its top position in the global graphite lubricant market followed by North America. Some of the key players in the graphite lubricants market are Imerys, Dow Corning, Superior Graphite, Henkal, etc.

Report Scope:
? Applications
Pure powder
? End-user
Industrial Application
Electrical & Electronics
? Regions
Asia Pacific
North America
Rest of the World

? Industry outlook: Market trends, drivers, restraints, and opportunities

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