Future Market Insight’s newly published market report, “Cold Rolling Oils/Lubricants Market: Global Industry Analysis and Forecast, 2018-2028,” examines the cold rolling oils/lubricants market and offers crucial market insights for the next ten years. According to the report, the market is anticipated to witness increasing demand for cold rolling oils/lubricants owing to upsurge in demand of rolled products. In terms of value, steel segment is anticipated to dominate the market throughout the forecast period. It is anticipated to register a CAGR of 5.5% during the forecast period (2018 – 2028). The estimated value of the global cold rolling oils/lubricants market 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 Market Dynamics
The global cold rolling oils/lubricants market is estimated to be driven by increasing production of steel & aluminum across the globe. Healthy growth in automotive industry will also be a prime factor supplementing market growth. Growing local & foreign direct investments in the industrial sector, especially in developed countries in North America, Europe and Asia will also upsurge thr demand of cold rolling oils/lubricants over the forecast period. Moreover, increasing demand of aluminum and steel sheet for automotive industry is anticipated to be a prominent factor to drive the growth of global cold rolling oils/lubricants market in the near future. Strategic expansion is expected to remain major focus for leading players in the market.
On the other hand one of the major challenge faced by the cold rolling oils/lubricants manufacturers is the fluctuating price of raw materials which is anticipated to restrain the growth of cold rolling oils/lubricants market over the forecast period. Moreover, stringent environment regulations associated with the use of cold rolling oils/lubricants is also expected to hinder the growth of market over the forecast period. Leading players in the market are observed using research & development as a major part of their strategy to launch new and innovative products that are more efficient and consumers less oil.
Global Cold Rolling Oils/Lubricants Market forecast
On the basis of product type, the synthetic segment is estimated to account for over 38.0% market value share by 2018. The segment is expected to register a CAGR of 5.0% over the forecast period. In terms of value, synthetic segment is anticipated to hold major share owing to high demand of from steel and iron manufacturers
On the basis of material type, steel segment is expected to dominate the overall revenue generated in 2018 followed by aluminum. The segment has been estimated to account for value of US$ 1240.0 Mn in 2018 and expand at a CAGR of 5.5% over the forecast period.
On the basis of regions, China is anticipated to dominate the cold rolling oils/lubricants market both in terms and value and volume. Increasing steel production and metal processing activities in China region supports the growth of cold rolling oils/lubricants market over the forecast period.
Global Cold Rolling Oils/Lubricants Market Competitive Landscape
Some of the players reported in this study on the global cold rolling oils/lubricants market 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.
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