Global Cold Rolling Oils/Lubricants Market Size study, by Product Type (Synthetic, Semi-Synthetic, Mineral Based) by Material Type (Steel, Copper, Aluminum, Others (Titanium, etc.)) and Regional Forecasts 2022 -2028
Global Cold Rolling Oils/Lubricants Market is valued approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than % over the forecast period 2022-2028 .
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Cold rolling Oil is obtained by blending fully synthetic and natural products with advanced emulsifiers. Surface finish and roll life depend on the lubrication at the roll and steel sheet interface. It is a soluble oil for steel and other ferrous alloys. It is used in the form of emulsion to effectively reduce different types of steel to the gauge and shape required. Growing production of aluminum & steel and rising automotive sector are key drivers for the growth of Cold Rolling Oils/Lubricants market.
For instance, according to The World Steel Association (worldsteel)- world crude steel production in the year 2020 was estimated at 1878 million tonnes, witnessed an increase of over 4 million tonnes as compared to 1874 million tonnes in the year 2019. Also, with the rising metal processing industries and growing industrialization, the adoption & demand for Cold Rolling Oils/Lubricants is likely to increase the market growth during the forecast period. However, volatile cost of raw material impedes the growth of the market over the forecast period of 2022-2028 .
The key regions considered for the global Cold Rolling Oils/Lubricants Market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to increasing metal processing industry and rising consumption of aluminium in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2022 -2028 . Factors such as growing automotive sector and rapid industrialization in the region would create lucrative growth prospects for the Cold Rolling Oils/Lubricants Market across Asia-Pacific region.
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Major market player included in this report are: Croda International PLC, Exxon Mobil Corporation, Total S.A., BP p.l.c., Indian Oil Corporation Ltd, Eastern Petroleum Pvt. Ltd., Hindustan Petroleum Corporation Limited, Houghton International Inc., Jiangsu Gaoke Petrochemical Co., Ltd., ETNA Products, Inc.,.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type: Synthetic Semi-Synthetic Mineral Based
By Material Type: Steel Copper Aluminum Others (Titanium, etc.)
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By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE
Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020 Base year – 2021, Forecast period – 2022 to 2028
Target Audience of the Global Cold Rolling Oils/Lubricants Market in Market Study:
Key Consulting Companies & Advisors Large, medium-sized, and small enterprises Venture capitalists Value-Added Resellers (VARs) Third-party knowledge providers Investment bankers Investors
Croda International PLC, Exxon Mobil Corporation, Total S.A., BP p.l.c., 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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What aspects regarding the regional analysis Market are included in this report?
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