Self-lubricating Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025
Self-lubricating
materials are high performance engineering materials that reduce
friction and provide lubrication to bearing components. This
facilitates smooth functioning of machines. Self-lubricating
materials are widely used in various sectors such as consumer
electronics, automotive, home appliances, industrial equipment,
marine, and machines. These materials offer low friction of
coefficient, high wear and corrosion resistance. Self-lubricating
materials possess high compressive strength and chemical resistance.
These can be employed in water bearing and high load applications.
These materials provide high thermal stability (up to 320oC), thereby
eliminating the need for additional exterior lubricating products
such as oil or grease. Such products are hazardous to dispose and are
expensive; thus, self-lubricating materials provide cost-effective
solutions to various end-users compared to grease or oil.
The global
self-lubricating materials market can be characterized in terms of
product type. Based on product type, the market can be further
classified into plastic and metal-solid lubricant fillers. The
plastic segment comprises thermosets and thermoplastic resins such as
nylon, polytetrafluroethylene (PTFE), and polyacetals. Thermosets
resins lower friction and provide smooth surface; however, these
resins wear out rapidly. Thus, the segment is anticipated to lose
market share during the forecast period. Nylon and PTFE segments are
expected to expand significantly during the forecast period, led by
their prime features such as high dimensional stability, high
strength, better wear resistance, and long service life. Metal-solid
lubricant filler product type is further split into the following
segments: sintered bronze, sintered iron, iron-graphite, and sintered
iron-bronze. Sintered bronze is a porous self-lubricating material
that comprises tin powder, elemental copper, and pre-alloyed bronze
powder. Sintered bronze materials provide high corrosion resistance,
wear resistance, and high ductility. Sintered bronze materials are
quite expensive and typically used in a wide range of applications
such as farm machinery and home appliances. Sintered iron and
sintered-bronze are extensively used in machineries that are less
susceptible to galvanic corrosion; thus, they are less expensive than
sintered bronze. Iron-graphite type contains 3% graphite and is
typically employed in the consumer electronics sector. Sintered
bronze is a leading product segment; it is anticipated to expand
significantly during the forecast period due to its beneficial
characteristics and high performance.
Growth in the
automotive industry and increase in demand for self-lubricating
materials for the maintenance of machineries in order to increase
efficiency and reduce cost are the key factors driving the global
self-lubricating materials market. Additionally, increase in focus on
quality is estimated to influence manufacturers to opt for quality
lubricating materials that provide optimum performance. Furthermore,
growth in chemical industry is encouraging manufacturers to invest in
quality machines. This, in turn, is projected to create strong
business for manufacturers of self-lubricating materials. Rise in
research & development activities in the field of bio-based
self-lubricating materials is estimated to create substantial
opportunities for manufacturers of self-lubricating materials.
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Based on region, the
global self-lubricating materials market can be segmented into North
America, Latin America, Europe, Asia Pacific, and Middle East &
Africa. In terms of consumption, Asia Pacific is the leading region
of the market due to rapid industrialization and urbanization. Growth
in the automotive industry and strong foreign direct investment in
various sectors such as consumer electronics and chemical industry
are expected to boost the self-lubricating market in the region.
Latin America is also one of the key consumers of self-lubricating
materials. It is followed by Middle East & Africa. Increase in
investment by various automakers, especially in GCC, South Africa,
and Mexico, is estimated to create immense opportunities for
manufacturers of self-lubricating materials. North America and Europe
are comparatively mature markets for self-lubricating materials;
these regions are likely to expand at moderate pace during the
forecast period.
Key players
operating in the self-lubricating materials market include LATI
Industria Termoplastici S.p.A., Federal-Mogul LLC, TriStar Plastics
Corp., and Glebus Alloys, LLC.
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