The United States, with its robust defense budget of $725.1 billion and a significant number of firearms for military personnel, continues to dominate the market and is expected to maintain its position as one of the most lucrative markets, with approximately 45% market share by 2022. The growth of military and privately owned firearms in the country plays a critical role in supporting this expansion, cementing the United States’ position as the largest gun market of fire, especially in the private and military property segments.
NEWARK, Del., May 26, 2023 (GLOBE NEWSWIRE) — The global firearms lubricants market is expected to reach US$ 302.2 million by 2022. Increasing demand for gun lubricants is the result of the growing need for low-volatility firearm lubricants. organic compounds (VOCs). With a CAGR of 2.6% from 2023 to 2033, it is projected to have generated $401.3 million by 2033.
Firearms lubricants are necessary to ensure that firearms perform as intended. Modern gun lubricants have high heat and burn resistance, which helps prevent corrosion and loosen stuck components and actions. Cannon performance is aided by a variety of environmental conditions, including exposure to salt water spray, low temperatures, and tiny particles. Modern gun lubricants help extend the time your gun stays fresh and clean.
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Firearms lubricants are primarily used with small arms such as assault rifles, pistols, and machine guns. Guns can only function properly with the help of firearm lubricants, which prevent wear, overheating and malfunction. Gun lubricants could be used in heavy artillery and other large weapons with additional product research and development. They can have the greatest potential in the intended application in the global firearms lubricants market if a wide variety of applications are found through careful analysis.
The introduction of new firearm lubricants with advanced features such as bio-lubricants would increase the market’s competitive advantages over competitors from 2023 to 2033. The firearm lubricants market will continue to rise due to the increasing demand for firearm lubricants containing min. volatile organic compounds (VOCs).
Key Points:
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Firearms lubricants sales to grow at a CAGR of 1.82% during 2018-2022.
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With a projected revenue share of 54% by 2022, the bio-based sector will undoubtedly dominate the firearms lubricants type segment.
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During the forecast period, oils will dominate the firearms lubricants market and is expected to achieve a market share of 26% by 2023.
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With a market share of nearly 45% by 2022, the United States is expected to remain one of the most lucrative and profitable markets during the forecast period.
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A significant share of the South Asia Pacific firearms lubricants market, accounting for 32% by 2022, is in India.
“Growing demand from the military and defense sector is expected to have a significant positive impact on the global firearms lubricants market. Manufacturers in the firearms lubricants market are concentrating on exploiting the openings in Asia” . – comments an FMI analyst.
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Competitive landscape:
The market for gun lubricants is moderately competitive. Some of the industry players are focusing on selling gun lubricants to individual gun owners online. The prominent players in the firearms lubricants market are:
Some key developments:
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Hydraulic oil, turbine oil, gear oil, stationary engine oil, coolant, compressor oil, grease and cleaning and cleaning chemicals are part of the line of AMSOIL Industrial products. Heat transfer fluid, process fluid, cutting and grinding fluid, and other specialty fluids are added to this list.
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Bio-EP Biodegradable Gear Oils are offered by Renewable Lubricants, a company specializing in oil and lubricants for construction related vehicles and machinery. These oils are intended to lubricate spur, bevel, helical and sinker gears that experience severe loads or shock loads in heavy duty applications. These eco-friendly formulas meet or exceed US Steel 224, DIN 51517 Part 3, David Brown DB S1.53.101, ISO 12925-1 CKD and Cincinnati Machine performance criteria.
Key segments profiled:
By type:
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Mineral oil lubricants
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Synthetic lubricants
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Bio-based lubricants
By form:
By application:
For end use:
By region:
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North America
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Latin America
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europe
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Asia Pacific
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Middle East and Africa
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More valuable information available:
Future Market Insights provides an unbiased analysis of the global firearms lubricants market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand the opportunities in the firearms lubricants market, the market is segmented on the basis of firearms lubricants by type (mineral oil lubricants, synthetic lubricants, bio-based lubricants), by form (liquid, grease, dry), by application (barrel lubricants). , bolt and slide lubricants, trigger and action lubricants, rust inhibitors), by end use (military and police, sports and hunting, civilian and self-defense, competition shooting) and in five main regions (North America, Latin America, Europe, Asia Pacific and the Middle East and Africa).
Table of Contents (TOC):
1. Executive summary
1.1. Global market outlook
1.2. Demand trends
1.3. Supply trends
1.4. Analysis of the technological roadmap
1.5. Analysis and recommendations
2. Market overview
2.1. Market coverage / Taxonomy
2.2. Market definition / scope / limitations
3. Background of the market
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) and Volume Analysis (Litres), 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) and Volume Projections (Litres), 2023 to 2033
4.2.1. Interannual growth trend analysis
4.2.2. Analysis of opportunities in absolute $
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Type
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