Cold Rolling Oils/Lubricants Market Slated to Bring in US$ 5,339.9 Mn by End of 2018 - 2028

A new report by Future Market Insights examines the cold oils/lubricants market and offers crucial insights for the next 10 years. According to the report, the is anticipated to witness increasing demand for rolling oils/lubricants owing to upsurge in demand for rolled products. In terms of value, the steel material type segment is anticipated to dominate the global throughout the forecast period and is expected to register a CAGR of 5.5% during the forecast period (2018 – 2028). The estimated value of the global rolling oils/lubricants in 2018 is US$ 3,186.1 Mn and is expected to expand at a CAGR of 5.3% in order to reach US$ 5,339.9 Mn by the end of 2028.

Global Cold Rolling Oils/Lubricants : Dynamics Impacting Growth

The global cold rolling oils/lubricants is estimated to be driven by increasing production of steel and aluminum across the globe. Healthy growth in the global automotive industry will also be a prime factor supplementing market revenue growth. Growing local and foreign direct investments in the industrial sector, especially in developed countries in North America, Europe and Asia will also upsurge the demand for cold rolling oils/lubricants over the forecast period. Moreover, increasing demand for aluminum and steel sheets in the automotive industry is anticipated to be a prominent factor pushing revenue growth of the global oils/lubricants in the near future. Strategic expansion in key markets is expected to remain a major focus area for leading players in the global cold oils/lubricants market.

On the other hand, one of the major challenges faced by oils/lubricants manufacturers is the fluctuating price of raw materials, which is anticipated to restrain revenue growth of the oils/lubricants market over the forecast period. Moreover, stringent environment regulations associated with the use of cold oils/lubricants is also expected to hinder the growth of the market during the forecast period. Leading players in the market are investing heavily in research and development as a major part of their growth strategy to launch new and innovative products in the global.

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Global Cold Rolling Oils/Lubricants Market Forecast

On the basis of product type, the synthetic segment is estimated to account for about 38.0% value share by 2018 end. This segment is expected to register a CAGR of 5.0% over the forecast period. In terms of value, the synthetic segment is anticipated to hold major share owing to high demand from steel and iron manufacturers.

On the basis of material type, the steel segment is expected to dominate the overall revenue generated in 2018 followed by aluminum. This segment is expected to expand at a CAGR of 5.5% over the forecast period.

On the basis of region, China is anticipated to dominate the cold oils/lubricants market both in terms and value and volume. Increasing steel production and metal processing activities in China are expected to support the growth of the oils/lubricants over the forecast period.

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Global Cold Rolling Oils/Lubricants : Competitive Landscape

Some of the players reported in this study on the global oils/lubricants are 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., Petroyag Lubricants, Buhmwoo Group, and Ricci S.p.A.

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. Fmi is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India