Firearm Lubricants Market By Type (Synthetic, Mineral Oil, Bio Based, Blended), Form (Oils, Aerosol Spray, Grease, Other Fluid), End-Use (Military & Defense, Police & Private Security, Individuals), Application (Guns & Pistols, Tanks & Armored Vehicles) & Region - Forecast 2021–2031
Firearm Lubricants Market - Analysis, Outlook, Growth, Trends, Forecasts
- February 2021
- 200 pages
- Chemicals & Materials
About the Report
The firearm lubricants market has been exhibiting impressive growth since the last few years. This growth is projected to continue over the next years due to increasing use of firearm lubricants by military & defense and police & private security segments. Improved firearm lubricating products along with less environmental impact they cause will lead to increase in their demand among various end users. The increasing population and rapid urbanization will ensure significant opportunities for firearm lubricant producers in the coming years.
In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors fueling the demand for Firearm Lubricants. The report tracks the global sales of Firearm Lubricants in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the construction industry in general, and Firearm Lubricants in particular.
What Does Future Outlook Looks Like for Firearm Lubricants Market in Comparison to Historic Pattern?
According to the report, the global firearm lubricants market has seen a steady growth in demand across military & defense industries. This growth is especially observed in North America and the Western European countries. Moreover looking at the type of Firearm Lubricants, the Bio Based is likely to grow at rapid pace particularly in the military & defense industry.
Facing challenges such as environmental impact of lubricants and frequent jamming of guns has always been prime concern of manufacturers. Choosing a correct firearm lubricants type for specific application has been difficult for end-use industries, hence manufacturers have been focusing on improving efficiency of these lubricants with respect to industry specific applications.
The market is likely to gain significant impetus from the launch of new firearm lubricants such as bio lubricants with advanced properties in the near future. This will not only help end users to tackle price concerns but will enable them achieve more product efficiency. Some of the leading manufacturers have already launched several advanced firearm lubricants. For instance, G96 launched Bio-CLP Synthetic Gun Oil which earned US Army’s stamp of approval due to its composition of more than 49% renewable resources. It also got recognized by USDA’s BioPreferred program.
According to FMI’s analysis, Firearm Lubricants sales have grown at 1.8% CAGR between 2016 and 2020. Firearm lubricants have been consistently employed in Secret Service, Special Forces, Air Force, Army, Coast Guard, Marine Corps and Navy. Nowadays, the demand of firearm lubricants is rising from police & private security, sports, hunting, and privately owned firearms owners. Rising demand for lubricants with low volatile organic compounds (VOCs), high performance, and excellent properties such as all-weather glitch free operability under exposure to salt spray, extreme cold and very fine dust will result in an increase in demand for Firearm Lubricants over the forecast period.
Paper production in countries such as China, India, and in some parts of the Middle East and Latin America is increasing. The global chemicals industry has witnessed significant growth over the past couple of years. Increasing demand from several end-use industries, including cosmetics and personal care, is a key factor responsible for the growth of the chemical industry.
Manufacturers in the firearm lubricants market would stay glued to Asia, influenced by increasing security threats in the region. For instance, the recent military standoff between India and China led to increase in the firearm procurement by both the militaries which in turn will create the demand for lubricants. In emerging markets such as India and China, economic growth has resulted in an increase in the demand for firearm lubrication, however, this market is still dominated by North America and Europe majorly the U.S., France, Germany, and Russia. Rapid military advancement, coupled with high demand for privately owned firearm in these countries is expected to drive the market.
Owing to the ongoing crisis caused by COVID-19 pandemic, the production and supply chain activities have seen a minor set-back yet the utilization will improve with the economic recuperation post the curbed period following the pandemic. The COVID-19 pandemic has caused severe impact on the global economy at various levels and the impact is seen on end-use industries as well.
The firearm lubricants market growth is also projected to be slightly affected by the COVID-19 pandemic crisis and is expected to witness plunge in demand in 2020. With a number of end-use industries affected in regions such as North America, East Asia, and South Asia-Pacific, the supply and shortage in demand are expected to result in a drop in Y-O-Y growth yet FMI expects global firearm lubricants market to grow at 2.5% CAGR through 2031
Will Advancements In Firearm Lubricants Influence Its Demand?
Firearm lubricants are essential for firearms to ensure their proper functioning. Modern firearm lubricants provides high heat & burn off resistance that also prevents rust and frees stuck parts and actions. It helps the gun to operate smoothly in all weather conditions which included exposure to salt spray, extreme cold and very fine dust. Modern firearm lubricants also helps to keep the gun clean and cool for longer.
For instance, the unique property of Mil-Comm weapons lubrication is that it actually penetrates into the metal of the moving parts and acts on a slow release principle, keeping the gun clean and cool for longer. Thus, the advancements in the firearm lubricants will significantly affect Firearm Lubricants market growth.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
What is the Commercial Potential of Firearm Lubricants?
Firearm lubricants are mostly used in the small arms such as pistols, assault rifles, and machine guns. Firearm lubricants ensure the smooth functioning of gun without wear, overheat or weapon failure. Firearm lubricants have potential to be used in large guns such as heavy artillery with more advancements of the product. A wide range applications if found out through extensive research accommodates best potential in the targeted application in the global Firearm Lubricants market.
What is the Potential for Research and Development?
Some of the leading manufacturers are investing in research and development (R&D) activities to manufacture Firearm Lubricants with low VOCs and excellent properties. Competitive price offering, increase in end user satisfaction, use of advanced technologies are the end results of the R&D activities. Increasing research and development activities through collaboration or partnerships helps the company for development of overall scenario of the market. Moreover, establishing good supply chain networks in emerging countries coupled with long term partnerships with regional distributors also lays the way for the diversification of channel reach.
What are Prospects for Firearm Lubricants Market in the U.S.?
FMI has projected the U.S. to remain one of the most remunerative and paying markets throughout the course of the forecast period. One of the key factors supporting this expansion is the growth in privately owned and military firearms in the country. The U.S has the largest defense budget of US$ 725.1 Bn due to which it holds large number of firearms for its military personnel’s. The country is also engaged in military operations in other countries which has led to high demand for firearm lubricants for its military troops.
The U.S. is the largest market for firearms especially privately owned and military firearms. The country has 4.5 Mn military & defense firearms and 1.3 Mn licensed privately owned firearms. The demand for new and improved lubricants amongst young buyers is a factor adding up to the sales in US. The country also witnessed sudden spur of demand for firearms during the covid-19 pandemic leading to increase in the sale of lubricants. A new trend of bio-based lubricants is also set amongst customers as they are conscious for the environment. Bio lubricants with more than 49% renewable resource content is also helping companies to get military approval for sale of firearms.
Favorable policies, coupled with high per capita spending, has created a conducive environment for the growth of Firearm Lubricants industry in the U.S. Also the presence of leading players such as Lucas Oil Products, Inc, L&R Ultrasonics, Amsoil Inc., MPT Industries, G96 Products Inc., Radco and Industries, Inc. is supporting growth in the U.S. Strategies undertaken by these companies include product launches and expansion plans, which will continue aiding overall expansion in the country.
Why is Military & Defense Sector Considered Key End User in India?
The India firearm lubricants market holds the largest share in South Asia & Pacific. Military and privately owned firearms constitutes the largest consumers of firearm lubricant in the region. India holds significant firearm production capacity and large number of prominent firearm lubricant producers due to its high military strength.
The country is the largest defense importers in the world. India also has territorial disputes with its neighboring countries due to which there is high demand for firearm lubricants in the military & defense sector of the country. The military and police & private security of the country currently holds around 3.9 Mn and 1.7 Mn firearms respectively.
Which End Use Sector Holds Maximum Potential in China for Firearm Lubricants Market Growth in upcoming years?
China accounts for a major share in the global firearm lubricants market. The country has largest strength of military personnel’s and second largest military budget globally. According to SIPRI estimates, China’s defense budget in 2018 was $250 billion second only to the U.S. Chinese military holds majority of the firearms in the country. Chinese military owns whooping 27.5 Mn firearms which is second largest in the world. The country has large-scale state-owned military-industrial complexes, some of which might well rank in the top 20.
The country is also one of the largest arms exporter globally. Between 2008 and 2018, China exported some $15.7 billion worth of conventional weapons across the globe, making it the 5th largest arms supplier in the world, behind the United States, Russia, Germany, and France. According to SIPRI, China has exported 16.2 billion units of ammunition, mostly to countries in Asia, the Middle East and Africa over the past 12 years.
What will Drive Germany’s Firearm Lubricants Market?
Germany is one of the largest firearm lubricant consumers in Europe. The country has approximately 0.5 Mn military firearms and 5.9 Mn privately owned firearms. Privately owned firearms, hunting and sports segments are one of the largest consumers of firearm lubricants in Germany. Germany is one of the largest exporter of small arms globally. Germany is one of the largest exporter of firearms for sports, hunting and police sectors globally.
How Big is the Opportunity in Russia?
Russia is one of the largest firearm manufacturers in the world. The Russian military holds the largest number of firearms globally which accounts for 30.3 Mn. Military & defense is the largest consumer of firearm lubricant in the country. Russia is one of the largest firearm lubricant markets in the world high defense budget, and large number of defense personnel in the country. The country also has adequate firearms and firearm lubricant production capacity. The country also has some of the prominent small arms manufacturers such as Central Research Institute for Precision Machine Building, and CJSP Klimovsk Specialized Ammunition Plant.
Why Bio Based Segment Is Growing At The Fastest Pace?
Bio based segment by far, is expected to dominate type segment for the firearm lubricants. This is mainly attributable to the growing demand from military & defense sector. The unique properties help to gain considerable momentum with key players constantly designing, developing, and launching new bio based products.
Bio based lubricants with renewable content of more than 49% is expected to witness significant demand due to its high preference especially in military & defense industry. The excellent properties such as low VOC content, all-weather operability, rust inhibiting properties, and high heat & burn-off resistance makes it the most preferable option among end-users.
Why Oils Segment holds Lead?
Oils will dominate the firearm lubricants market during the forecast period due to its easy availability and high performance properties. Oils are mostly used in light arms whereas greases are used in heavy duty firearms. The Oils is easy to use compared to other forms of lubricants. The Gun Oil is a tested product that increases the life-span, and that allows the guns to function at all times with ease. Due to all these factors the Oil form of firearm lubricant has more demand compared to other forms.
Why Military & Defense Industry has Higher Demand?
Military & defense sector is the highest consumer of firearm lubricants because it has the largest collection of guns compared to other end-use industries. Personnel’s of the military & defense industry also continuously and frequently use their firearms in military exercises, anti-terrorist operations and other such military operations. In addition, military & defense segment is expected to grow at the fastest rate due to growing firearms procurement and military operational preparedness exercises by countries like India, China, Japan, Russia and US. Furthermore, the increasing defense budgets of countries having territorial disputes like India, China, and Japan is also leading to high consumption of firearm lubricants.
Which Application has Predominant share in the Global Firearm Lubricants market?
Guns & pistol sector has the largest market share holder in the global firearm lubricants market, owing to its high demand across all end-use sectors. Heavy arms have higher per capita consumption of lubricants compared to small arms but the overall consumption is more in case of small arms due to its high penetration across different end-use industries.
In addition guns & pistols are more frequently used by militaries for counter terrorist operations across world, police personnel’s to maintain low & order, individuals for their own personal security, and for hunting and sporting activities. Due to these factors guns & pistols segment have high consumption of firearm lubricants.
Opportunities Abound in Firearm Lubricants market
According to FMI, the demand for Firearm Lubricants will be higher for military & defense sectors for various purpose of applications. The development of technically advance products can help to tap the demand from highly regulated industries. To reduce costs and increase product efficiency Firearm Lubricants manufacturers are emphasizing on advanced and low VOC bio lubricants. This can mainly attribute to its high demand from military & defense industry. There is very high demand for low cost bio lubricants especially from military & defense sector. US military has high demand for USDA approved bio lubricants which has more than 49% renewable resource content. For instance, the Bio-CLP is the first bio-based gun oil from a gun products supplier to earn the Army’s stamp of approval due to its composition of more than 49% renewable resources.
The firearm lubricants market is a moderately competitive market. Some of the companies operating in the market are focusing on online sales of firearm lubricants to private firearm holders.
Some of the leading companies operating in the market are:
- Lucas Oil Products, Inc
- L&R Ultrasonics
- Amsoil Inc
- MPT Industries
- G96 Products Inc.
- Radco Industries, Inc.
- Pacific Specialty Oils
- Renewable Lubricants Inc.
- Pro-Shot Products Inc.
- Liberty Gun Lubricants
- Taurus Petroleums Private Limited
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.
Scope of the Report
Historical Data Available for
USD Million for Value and Tons for Volume
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa
Key Countries Covered
US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, Taiwan, India, ASEAN, Israel, Turkey, GCC Countries, South Africa, Brazil, and Mexico
Key Segments Covered
Type, Form, Application, End-use, and Region.
Key Companies Profiled
Market Forecast, Brand Share Analysis, Competition Intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing
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Firearm Lubricants Market
- Mineral Oil
- Bio Based
- Aerosol Spray
- Other Fluid
- Guns & Pistols
- Tanks & Armored Vehicles
- Military & Defense
- Police & Private Security
- North America
- Latin America
- South Asia & Pacific
- East Asia
- Middle East & Africa