MarketResearch.biz delivers in-depth insights on the global cold rolling oils market in its upcoming report titled, “Global Cold Rolling Oils Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global cold rolling oils market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global cold rolling oils market report has been segmented on the basis of product type, material type, and region.
Cold rolled steel is essentially hot rolled steel that has been put through further processing for rolling it. Larger cold rolling mills use cold rolling oils both for lubrications and cooling. It is described as life blood of the process because of their impact on product quality and mill productivity. The ability of a cold rolling lubricant is observed in terms of its effect on rolling mill performance.
Growing steel production across the globe resulting in increasing demand for cold rolling oil from metal industry is a major factor expected to drive growth of the global cold rolling oil market. In addition, rapid industrialization in developing countries is leading to growing construction and reconstruction activities. This is further growing demand for cold rolled steel, which is turn is expected to support growth of the global cold rolling oils market. Moreover, rapid growth in automotive sector in Asia Pacific region and growing demand for metal sheet for various applications such as container manufacturing and metal roofing purpose are some other factors expected to support growth of the global cold rolling oils market.
However, fluctuating raw material prices is a major factor expected to challenge growth of the global cold rolling oils market to certain extent.
Increasing investment by major players for development of cost effective products is expected to present new opportunities in terms of revenue for players operating in the cold rolling oils market over the forecast period.
The market in Asia Pacific is estimated to dominate the global cold rolling oils market, and is projected to continue its dominance over the forecast period. The expected dominance can be attributed to rapid industrialization, growing automotive sector, and presence of major manufactures in emerging economies such as India and China in this region. China leads in production capacity of steel which is expected to be 1,164.6 MTPA in 2017, followed by Japan, India, United States and Russia. North America and Europe markets are expected to register faster growth in terms of revenue followed by market in Latin America and Middle East & Africa. Europe market in expected to stand second-highest in revenue contribution in the global cold rolling oils market, owing to increasing construction and reconstruction activities in economies in this region.
Global Cold Rolling Oils Market Segmentation:
By Product Type:
- Mineral Based
By Material Type:
- Others (Titanium, etc.)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Croda International PLC
- Exxon Mobil Corporation
- Total S.A.
- BP plc.
- Indian Oil Corporation Ltd
- Eastern Petroleum Pvt. Ltd.
- Hindustan Petroleum Corporation Limited
- Houghton International Inc.
- Jiangsu Gaoke Petrochemical Co., Ltd.
- ETNA Products, Inc.
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