According to Cognitive Market Research, The Global Dry Lubricants market sizeis USD 0.8 billion in 2023 and will grow at a compound yearly growth rate (CAGR) of 1.50% from 2023 to 2030.
The demand for dry lubricants is rising due to due to its high lubrication properties at high temperatures and reduced maintenance cost.
The dry lubricants market’s the demand for high-performance lubricants that can operate at high temperatures and have low friction.
Graphite segment category held the highest dry lubricants market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific dry lubricants market will experience the strongest growth until 2030.
