Global Dry Film Lubricants market will reach 68.5 million US$ by the end of 2024

Publisher: QYResearch
Published Date: 2019/8/21

Dry film lubricants are primarily used in industries such as manufacturing and automobile. Key companies have started setting up their production plants in India with Government of India’s initiatives such as “Make in India”. This has resulted in rapid industrialization which leads to enhance the demand for the dry films lubricants that ultimately boost the global market for dry film lubricants.

However, regulations imposed on perfluorooctane sulfonate, and perfluorooctanoic acid that are used in the emulsion of polytetrafluoroethylene creates a negative impact on the growth of the market during the forecasted period.

According to this report, the global dry film lubricants market was valued at US$ 55.6 Mn in the year 2018 and is expected to touch the value of more than US$ 68.5 Mn by the end of 2024. The market is growing with a sluggish CAGR of 3.54% during the projected period.

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