Cold Rolling Oils/Lubricants Market - Global Industry Analysis

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Cold rolling oil/lubricants are used primarily for reducing friction between two strips and helps in decreasing the heat generated from the strips when in contact with each other. This special lubricant is manufactured and designed for effective use in alloys to get the required shape. Evolution of manufacturing techniques and the emergence of electronic systems have resulted in various changes in the overall business scenario of using the oil or lubricants.

The rise in metal processing and steel production is anticipated to further boost the cold rolling oil market in the future. The cold rolling oil/lubricants are generously used with non-ferrous materials, such as aluminum, copper, and brass, among others. The increase in the production of non-ferrous materials, such as aluminum, is likely to be the major driver for the cold rolling oil market in the upcoming years. In addition to this, cold oil also helps in providing corrosion and stain protection for multiple alloys. This makes it one of the most widely used products in the overall manufacturing process of steel and metals. The changing industry dynamics has resulted in an increase in offshore investments, which is expected to positively impact the overall demand for cold rolling oil across the globe. However, the fluctuating raw material prices and unfavorable mining laws by the government might limit this market’s growth in the future. The strategic expansion of the key players present of the cold rolling market is likely to create new market opportunities in the years ahead.

By product, the cold rolling oil market includes synthetic, semi-synthetic, and mineral. Based on application, the market is categorized into steel, copper, aluminum, and others. By geography, Asia Pacific is anticipated to hold the largest market share in terms of revenue and volume. The growing production of steel and metal processing activities in China is likely to boost the region’s cold rolling oil market in the years ahead. North America is anticipated to show a considerable rate of growth during the forecast time period, due to the growing focus on improving metal processing activities across the region, which, in turn, is anticipated to drive the region’s cold rolling oil market.

Some major players of the cold rolling oil market are Croda International PLC, Ricci S.p.A, Total S.A., Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Limited, Jiangsu Gaoke Petrochemical Co., Ltd., ETNA Products, Inc., Houghton International Inc., Eastern Petroleum Pvt. Ltd., Petroyag, Buhmwoo, BP PLC, and Exxon Mobil Corporation, among others.