According to Markets and Markets, the global lubricants market is expected to be worth $166.59 billion by 2021. Take a look at this market’s leading industries and product types.
Comprised of anti-seize compounds, lubricants are mainly used in the following industries:
- Industrial machinery
Of these three, the automotive industry holds the largest share in terms of product demand. This is due to the rising need for more lightweight cars and heavy-duty commercial vehicles, causing manufacturers to use more anti-seize and lubricating compounds to aid in speedy assembly.
However, it’s important to note that the industrial machinery industry is posed to see the highest growth during this time frame due to increasing industrialization in:
Leading Product Types
Lubricants are made up of three main product types, which are:
While mineral lubricants largely dominate the market, each type offers distinct advantages. For example, mineral-based lubricants offer:
- Enhanced solubility
- Superior compatibility with seals
- Cost effectiveness
On the other hand, synthetic-based lubricants provide:
- Superior tolerance to extreme temperatures and hostile environments
- Resistance to oxidation
Bio-based lubricants offer the following benefits:
- Superior viscosity vs. temperature characteristics
- Increased film strength
- High flash point
While each lubricant product type offers its distinct advantages, it’s important to consider the application’s performance specifications, characteristics and features prior to choosing which type to use.
Bostik manufactures Never-Seez, industry-leading anti-seize and lubricant compounds. For over 50 years, Never-Seez has aided in nut and bolt assemblies, serving as a protective coating on metal parts even after extended exposure to the elements. Take a look at best practices for using these products.
For more information on our Never-Seez anti-seize and lubricant product line, call 800-7-BOSTIK, or visit www.bostik.com/us.