Well, try this:
Rapidly move the faders full up and down many times. Do this to ALL faders.
How old is this fixture and what sort of use/abuse has it seen? Does this live in a rack? Does it move covered? How often do you use yours?
Another idea is to use Caig's De-Oxit to spray into the fader(under the fringe, use the straw) and repeat. Short of that, the Radio Shack TV Tuner cleaner works good as well. Spray a little bit and move the faders a lot. If using the Caig's De-Oxit, it comes in a kit with a second "after" spray, so then use that afterwards and move the faders again.
But, I suspect that it's not just dirt, crud or wear if your observations are so exact. This would mean either mechanical failure or electrical failure. Either would require replacement of the faders.
Is it repairable? Yes, it's also a current active item in the catalog as well. There have been a few versions, but it's all "lipstick and mascara" type stuff: new paint or branding, but same core and control location and functionality. The real question is not just is it repairable, but is it worth repairing vs. Replacing. That's really the big question. If you're concerned about saving built-in programming, you're boned. The best way to preserve that is to document all your settings as you program. But if you're not concerned about your programming, you're fine. Contact ADJ Support about repairs and estimated costs, then before you send it in, check retail pricing or whatever your good buddy at a retail place can get one of these for you. THEN make your decision. Typically, if repair is 50% more than what you can get a new one for, the suggestion is to replace the item.