INDUSTRIAL LUBRICANTS MARKET ANALYSIS

Industrial Lubricants MarketSize and Trends

Market Trends

Industrial lubricant market is experiencing an increase in the demand of dry and bio-based lubricants. Due to EU regulations bio-lubricants have been used in Europe for the past 20 years.  Various regulations and schemes such as the EU Ecolabe in EU countries and growing environmental concerns has resulted in the growing adoption of industrial bio-lubricants

Dry industrial lubricants comprise of graphite and molybdenum, amongst others that offers excellent lubrication properties at temperatures of around 350 °C, which is greater than their liquid and oil-based counterparts. This has resulted in increased R&D activities in the field of dry industrial lubricants. For instance, the Technical Standards Development and Application Demonstration Base of Graphene-Modified Lubricant was launched at LiuGong’s global R&D Centre in Liuzhou, in July 2018. It was built by the China Innovation Alliance of the Graphene Industry in association with Guangxi Liugong Machinery.

Several additives are added to industrial lubricants in order to impart the required performance characteristics to the lubricants. Currently, automotive lubricants contain around 10 additives, which accounts to around 20% of the lubricant. Some of the additives used in lubricants include pour-point depressants, corrosion inhibitors, and friction modifiers, amongst others.