Cold Rolling Oils/ Lubricants Market is Projected to Rise at a CAGR of 5.6% and end up with a Revenue of US$ 18.2 Bn by Year 2028-end. Get Recent Insights from Future Market Insights, Inc.

News provided by

Nov 09, 2022, 09:51 ET

North American cold rolling oils/lubricants market holds a market share of 13.1% in 2022. Increased Production for Aluminum and Steel to Shoot Up Demand in the Cold Rolling Oils/ Lubricants Market. Market Study on Rolling Lubricants: Steel Sector to Remain Key End User Over Coming Years.

NEWARK, Del., Nov. 9, 2022 /PRNewswire/ -- The global cold rolling oils/ lubricants market is projected to reach a value of US$ 18.2 Bn in 2028, with demand growing at a standard CAGR of 5.6% from 2022 to 2028. In 2022, the target market is expected to reach an estimated US$ 14.5 Bn. Cold rolling oils/ lubricants are in high demand from the automotive and transportation sectors. In addition, accelerated urbanization and industrialization boost the demand for the cold rolling oils/ lubricants market during the forecast period.

The growing automotive, transportation and construction sector across the globe amplify the demand for cold rolling oils/ lubricants. An upsurge in demand for steel and aluminum sheets, among others, from automotive and construction sectors will, in turn, aid the growth of the target market during 2022-028. The automotive industry, particularly, has contributed to this spike in demand for steel and aluminium, and has extensively shaped the demand for the target market over the upcoming years.

Request a Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5131

Moreover, the increasing investments in the industrial sector, rise in production of metals like steel and aluminium, advancing research and development of synthetic lubricants, shifting requirements for different cold rolling processes, rapid industrialization in emerging economies, and growing technological advancements are certain factors that will likely boost the global sales of the cold rolling oils/ lubricants market during the next few years.

Again, rising FDI in the industrial and construction sector, a surge in disposable income, swift urbanization are driving the demand for cold rolled products, which ultimately bolsters the sales of cold rolling oil.

"Surging demand for aluminum sheet, steel sheet, and others from automotive and construction sector will likely augment the global growth of the cold rolling oils/ lubricants market over the forecast period," says an FMI analyst.

Key Takeaways:

Fluctuating raw material prices and decreasing supply of crude oil may stymie the market growth.
In 2022, the cold rolling oils/ lubricants market in North America will account for 13.1% of the overall market share.
High industrialization in India and China will propel the Asia Pacific cold rolling oils/ lubricants market growth.
Presently, China holds about 44.7% of the global cold rolling oils/ lubricants market share.
The synthetic rolling lubricants will have a lucrative prospect during 2022-2028.

Browse Full Report @ https://www.futuremarketinsights.com/reports/cold-rolling-oils-lubricants-market

Competitive Landscape

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 among others are some of the major players in the cold rolling oils/ lubricants market profiled in the full version of the report.

Key market players are focusing investing in research and development activities to produce new products. These enterprises are adopting strategic mergers and acquisitions to strengthen their market position.

Key Segments of Cold Rolling Oils/Lubricants Industry Survey

By Product Type:

Synthetic Cold Rolling Oils/Lubricants
Semi-Synthetic Cold Rolling Oils/Lubricants
Mineral Based Cold Rolling Oils/Lubricants

By Material:

Steel
Copper
Aluminium
Others (Titanium, etc.)

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa (MEA)

Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-5131

More Insights into Cold Rolling Oils/ Lubricants Market Report

In its latest report, FMI offers an unbiased analysis of the global cold rolling oils/ lubricants market, providing historical data from 2014 to 2021 and forecast statistics for 2022 to 2028. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (synthetic cold rolling oils/ lubricants, semi-synthetic cold rolling oils/ lubricants, mineral based cold rolling oils/ lubricants), material (steel, copper, aluminium, others (Titanium, etc.)), and region.

According to the latest FMI reports, based on segmentation, the synthetic cold rolling oils/ lubricants segment will dominate the international market space. This segment will continue to gain traction and demand during the projected period. This is so because of the rapid development of the manufacturing sector, especially in countries like Brazil, China, and India.

Based on region, the cold rolling oils/ lubricants market in China will display immense growth during 2022-2028. A major production and manufacturing center, China accounts for almost 44.7% of the global cold rolling oils/ lubricants market share. Swift evolution of the industrial sector coupled with heightened demand for steel and aluminum across different end-use industries including automotive and construction further aids the cold rolling oils/ lubricants market growth in this country. Apart from China, India, Brazil and the United States will also demonstrate considerable cold rolling oils/ lubricants market growth during the forecast period.

Table of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

2.3. Parent Market Overview

3. Market Background

Request Methodology@ https://www.futuremarketinsights.com/request-report-methodology/rep-gb-5131

Have a Look at Latest Reports of Chemicals & Materials Domain

Asia Pacific Flexible Glass Market Share: Rapidly growing smartphones & tablets market is predominantly driving the market for flexible glass.

Biobased Biodegradable Plastics Market Size: The key trends identified in the global biobased biodegradable plastics market include increasing utilization of these plastics in packaging applications, bottles and food service disposables manufacturing.

Bio-plastics Market Trends: Demand for bioplastics is increasing since past decade due to growing awareness concerning environmental conservation, use of bio-based or natural resources for manufacturing materials and formulation of various regulations across countries for effective use of natural resources and waste management.

Construction Chemical Market Outlook: Growing awareness and governmental initiatives towards recovery of various sectors of economy, Future market insights expects that the construction chemicals market in India will expand at CAGR of 13.6% through 2031.

Coated Fabrics Market Demand: Coated fabrics have been consistently employed for maintaining the demand from the end users as its parent market i.e., fabric plays a vital part in today's era.

Membrane Chemicals Market Growth: Increase in inclination towards processed water across diverse end-use sectors catered to the growth of membrane chemicals Market in the past years.

Geocells Market Type: The global geocells market is projected to expand steadily at a CAGR 6.1% value, during the forecast period 2022-2032.

Super Absorbent Polymers Market Analysis Forecast: Rising use of super absorbent polymers in the manufacturing of feminine hygiene products, disposable diapers, and adult incontinence products will continue driving sales in the market.

Textile Chemicals Market Sale: According to Future Market Insights, overall textile chemicals sales are set to rise at 5.40% CAGR during the forecast period of 2021 and 2031.

UV Tapes Market Value: Growing demand for UV tapes that are mainly used in the electrical and electronics industry, as well as in the semiconductor process, is expected to drive the global UV tapes market.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact:

Future Market Insights Inc. 
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA 
T: +1-845-579-5705 
For Sales Enquiries: [email protected]   
Browse latest Market Reports: https://www.futuremarketinsights.com/reports

Logo: https://mma.prnewswire.com/media/1197648/FMI_Logo.jpg

SOURCE Future Market Insights