Description:Global Graphite Lubricant Market was valued at USD xx Mn in 2019 and is expected to reach USD xx Mn by 2027 at a CAGR of 6.5% over the forecast period 2020-2027.
... moreGlobal Graphite Lubricant Market was valued at USD xx Mn in 2019 and is expected to reach USD xx Mn by 2027 at a CAGR of 6.5% over the forecast period 2020-2027.
Global Graphite Lubricant Market
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The report covers an in-depth analysis of COVID 19 pandemic impact on Global Graphite Lubricant Market by region and on the key players revenue affected till April 2020 and expected short-term and long-term impact on the market.
Global Graphite Lubricant Market Dynamics
Graphite Lubricant additives are inorganic and organic lubricants additives used in various end user applications to reduce wear & tear and to increase load-carrying capacity of machines and electrical equipment. Presence of water vapour in atmosphere is mainly decides lubricating properties of graphite. Water molecules absorption/repulsion on the graphite surface causes further decrease or increase of the bonding between the graphene planes. Various factors such as growing use of graphite lubricants in the wind energy industry, growing use of graphite lubricants in maintenance of structural composite parts of aircraft, growing manufacturing industry in emerging economies such as China, India, Japan, and South Korea, and Brazil and growing automotive industry are driving the global graphite lubricant market growth over the forecast period.
However, factors such as stringent government regulations pertaining to graphite, insufficient graphite production capacity in many underdeveloped countries, increasing export duty on graphite in China, and less adoption in many countries are restraining the market growth over the forecast period.
Global Graphite Lubricant Market is segmented by application type, end-user and region. By application type, composites application segment held the highest market share in 2019 and is expected to keep its dominance over the forecast period. Composite lubricant is a glass of inorganic lubricants with lamellar structure, which includes molybdenum disulphide, boron nitride and other sulphides, selenides and others. By End-User, the transportation end-user segment held the highest market share in 2019 and will keep its dominance in the coming years. The growing adoption of graphite lubricants for advanced surface engineering in the automotive industry, for better user experience, is expected to drive the market growth of graphite lubricants in the transportation end-user over the forecast period. Transportation end-user is followed by industrial and electrical and electronics segments. Currently, in many industrial machines, aluminium alloys and other metal lubricants are used as a lubricants, in order to reduce the inertia mass, the adoption of graphite lubricants is increasing in industrial machines which is expected to drive the market growth of this industrial end user segment over the forecast period.
By geography, APAC held the highest market share in 2019 and will keep its dominance over the forecast period. Factors such as, rapidly expanding automotive and electrical and electronics industry in China, Japan, India and South Korea, growing manufacturing industry in this region are driving the graphite lubricant market growth in this region. China has large production and consumption markets for graphite lubricants. APAC is followed by North America and Europe. North America is expected to hold xx% of market share over the forecast period. The automotive and electrical industries are the major driving factors of graphite lubricants in the United States and Canada. MEA and Africa market is expected to grow at a significant CAGR over the forecast period owing to growing sales of passenger car sales.
Report covers in-depth analysis of key development, marketing strategies, supply-side, and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger & acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Graphite Lubricant Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the... less
