Graphite Lubricant Market – Recent Developments in the Competitive Landscape Forecast 2017 – 2025

Posted on 2021-02-22 by Future Market Insights, Inc in Internet & Online // 0 Comments

Global Graphite Lubricant Market: Snapshot

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.

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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.

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.

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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.

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