Cold Rolling Oil Market - Global Industry Analysis

Cold Rolling Oil Market By Product Type (Synthetic, Semi-Synthetic, and Mineral Based), By Material Type (Steel, Copper, Aluminum, and Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 10-Jun-2022 Category: Chemical & Materials Report Format : PDF Pages: 205 Report Code: ZMR-3413 Status : Published

The global cold rolling oil market was worth around USD 13.29 billion in 2021 and is estimated to grow to about USD 17.98 billion by 2028, with a compound annual growth rate (CAGR) of approximately 5.9 percent over the forecast period.

Description

Industry Prospective:

The global cold rolling oil market was worth around USD 13.29 billion in 2021 and is estimated to grow to about USD 17.98 billion by 2028, with a compound annual growth rate (CAGR) of approximately 5.9 percent over the forecast period. The report analyzes the cold rolling oil market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the cold rolling oil market.

Cold Rolling Oil Market: Overview

Cold rolling oils work well in both high and low-speed cold rolling mills and are suitable for the production of non-ferrous as well as ferrous sheet metal, such as copper alloys, copper, and stainless steel. Cold rolling is a method of passing metal across rollers at temperatures less than those of recrystallization. The hardness and yielding strength of the metal are increased by compressing and squeezing it. The highest surface quality of the end product is accomplished by lubricating the roll bite and chilling the metal strip & work rolls utilizing highly efficient clean cold rolling oil.

COVID-19 Impact:

The COVID-19 outbreak had a devastating influence on production, rendering numerous sectors obsolete in a short amount of time. Manufacturing production throughout the world has been affected by disturbances in the supply chain and a lack of raw materials owing to global shutdown restrictions. With sales plummeting and markets collapsing, demand decreased, and many sectors were forced to close to make up for lost revenue. Metal demand fell, and revenues of cold rolling oils fell as well. As the economy recovers to normal and needs from end-use sectors such as automotive and construction rise, cold rolling oil shipments are likely to climb at a steady rate in the post-pandemic age.

Global Cold Rolling Oil Market

Cold Rolling Oil Market: Growth Drivers

Growing demand for synthetic rolling oils to fuel the market growth

Rapidly increasing urbanization and industrialization have boosted the manufacturing sector, resulting in increased demand for metals in a variety of end-use sectors. With nations like Brazil, India, and China seeing tremendous growth in the industrial sector, synthetic rolling oils are likely to be extremely profitable. Synthetic rolling oils have a low coefficient of friction and a strong load-bearing capacity, making them a popular option among major manufacturers all over the world and driving up demand. Further, Due to the widespread use of rolled steel and aluminum in the automobile industry, demand for rolling oil is increasing at a rapid rate. Growing demands for cold-rolled steel are leading to the growth of the global cold steel rolling oil market, which is positively affecting the need for cold steel rolling oils.

Cold Rolling Oil Market: Restraints

Volatile prices of cold rolling oil to limit the market growth

Pricing for cold-rolled steel coils has fluctuated in various nations in an attempt to close the gap between local and import prices. There have been considerable price swings in rolled steel throughout the time period studied, which can be inconvenient for purchasers and end-users. Buyers have been turned off by price increases in rolled steel during pandemics. In the United States, rolled steel prices increased by more than 200 % in 2020. Such unpredictability and volatility operate as a limitation on the rolled steel, restraining the market for rolling oils as a result.

Cold Rolling Oil Market: Opportunities

Increase in R&D activities to foster the market during the forecast period

Cold rolling oil customers in developed economies want oils with good load-bearing capacity, appropriate viscosity, and a low coefficient of friction. Manufacturers have considerably enhanced their responsiveness to such bespoke needs from clients by focusing on R&D and product innovation in the sophisticated production and refining of oils. This trend is projected to acquire momentum throughout the world in the near future, creating enormous opportunities and, in turn, fueling market development. In addition to this, growing funds in the industrial sector, an increase in production of metals like steel & aluminum, growing R&D of synthetic lubricants, varying necessities from diverse cold rolling processes, and increasing technological advancements are some of the key aspects that are predicted to boost the global cold rolling oil market during the forecast period.

Cold Rolling Oil Market: Challenges.

Limited crude oil source to pose a challenge for market growth

The majority of industrial oils are generated directly from crude oil or petroleum, therefore supply and pricing variations hurt the cold rolling oils industry. Semi-synthetic oil or pure crude oil refined mineral oil, which are mineral oil with additives, are two common forms of rolling oil. As a result, the rolling lubricants sector is heavily reliant on crude oil. Because crude oil or petroleum is a limited resource, the necessity to move to renewable energy is becoming increasingly apparent. Thus, the limited nature of crude oil is likely to act as a challenge to market growth.

Cold Rolling Oil Market: Segmentation

The global cold rolling oil market is divided based on product type, material type, and region. Based on the product type, the global market is categorized into mineral-based, semi-synthetic, and synthetic. The material type segment comprises aluminum, copper, steel, and others.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Recent Developments

In September 2020, Total Lubrifiants, the world's fourth-largest multinational lubricants corporation acquired Lubrilog SAS. Lubrilog SAS, situated in Romans Sur Isère, is a French firm that specializes in the formulation and manufacture of ultra-high-performance synthetic lubricants.

In July 202, Jintian Ningbo Copper established a third copper cold rolling mill supplied by SMS GROUP successfully.

Cold Rolling Oil Market: Regional Landscape

Asia Pacific to hold the largest market share during the forecast period.

Among the regions, Asia Pacific is estimated to hold the maximum share in the global cold rolling oil market during the forecast period. Major factor such as increasing industrialization in economies like China and India is fostering the market growth in this region. In addition to this, low manufacturing prices, government incentives, and low labor costs are all driving cold rolling oil shipments in these areas. North America is also estimated to grow at a steady rate. The use of cold rolling oils and lubricants is predicted to increase in this region due to rising industrialization and a fast-developing manufacturing sector. The demand for cold rolling oils in Europe is projected to be influenced significantly by increased industrial activity across the continent.

Cold Rolling Oil Market: Competitive Landscape

Major players operating in the global cold rolling oil market include Indian Oil Corporation Ltd., BP plc., Total S.A., Exxon Mobil Corporation, Croda International PLC, ETNA Products Inc., Jiangsu Gaoke Petrochemical Co. Ltd., Houghton International Inc., Hindustan Petroleum Corporation Limited, and Eastern Petroleum Pvt. Ltd., among others.

Global cold rolling oil market is segmented as follows:

By Type

  • Synthetic
  • Semi-Synthetic
  • Mineral Based

By Material

  • Steel
  • Copper
  • Aluminium
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Cold Rolling Oil Market, (2022 - 2028) (USD Billion )
    • 2.2 Global Cold Rolling Oil Market : snapshot
  • Chapter 3. Global Cold Rolling Oil Market - Industry Analysis
    • 3.1 Cold Rolling Oil Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Growing demand for synthetic rolling oils to fuel the market growth
    • 3.3 Market Restraints
      • 3.3.1. Volatile prices of cold rolling oil to limit the market growth
    • 3.4 Market Opportunities
      • 3.4.1. Increase in R&D activities to foster the market during the forecast period
    • 3.5 Market Challenges
      • 3.5.1. Limited crude oil source to pose a challenge for market growth
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Material
  • Chapter 4. Global Cold Rolling Oil Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Cold Rolling Oil Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Cold Rolling Oil Market - Type Analysis
    • 5.1 Global Cold Rolling Oil Market overview: By Type
      • 5.1.1 Global Cold Rolling Oil Market share, By Type, 2021 and 2028
    • 5.2 Synthetic
      • 5.2.1 Global Cold Rolling Oil Market by Synthetic, 2022 - 2028 (USD Billion )
    • 5.3 Semi-Synthetic
      • 5.3.1 Global Cold Rolling Oil Market by Semi-Synthetic, 2022 - 2028 (USD Billion )
    • 5.4 Mineral Based
      • 5.4.1 Global Cold Rolling Oil Market by Mineral Based, 2022 - 2028 (USD Billion )
  • Chapter 6. Global Cold Rolling Oil Market - Material Analysis
    • 6.1 Global Cold Rolling Oil Market overview: By Material
      • 6.1.1 Global Cold Rolling Oil Market share, By Material, 2021 and 2028
    • 6.2 Steel
      • 6.2.1 Global Cold Rolling Oil Market by Steel, 2022 - 2028 (USD Billion )
    • 6.3 Copper
      • 6.3.1 Global Cold Rolling Oil Market by Copper, 2022 - 2028 (USD Billion )
    • 6.4 Aluminium
      • 6.4.1 Global Cold Rolling Oil Market by Aluminium, 2022 - 2028 (USD Billion )
  • Chapter 7. Cold Rolling Oil Market - Regional Analysis
    • 7.1 Global Cold Rolling Oil Market Regional Overview
    • 7.2 Global Cold Rolling Oil Market Share, by Region, 2021 & 2028 (USD Billion )
    • 7.3. North America
      • 7.3.1 North America Cold Rolling Oil Market, 2022 - 2028 (USD Billion )
        • 7.3.1.1 North America Cold Rolling Oil Market, by Country, 2022 - 2028 (USD Billion )
    • 7.4 North America Cold Rolling Oil Market, by Type, 2022 - 2028
      • 7.4.1 North America Cold Rolling Oil Market, by Type, 2022 - 2028 (USD Billion )
    • 7.5 North America Cold Rolling Oil Market, by Material, 2022 - 2028
      • 7.5.1 North America Cold Rolling Oil Market, by Material, 2022 - 2028 (USD Billion )
    • 7.4. Europe
      • 7.4.2 Europe Cold Rolling Oil Market, 2022 - 2028 (USD Billion )
        • 7.4.2.1 Europe Cold Rolling Oil Market, by Country, 2022 - 2028 (USD Billion )
    • 7.4 Europe Cold Rolling Oil Market, by Type, 2022 - 2028
      • 7.4.1 Europe Cold Rolling Oil Market, by Type, 2022 - 2028 (USD Billion )
    • 7.5 Europe Cold Rolling Oil Market, by Material, 2022 - 2028
      • 7.5.1 Europe Cold Rolling Oil Market, by Material, 2022 - 2028 (USD Billion )
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific Cold Rolling Oil Market, 2022 - 2028 (USD Billion )
        • 7.5.3.1 Asia Pacific Cold Rolling Oil Market, by Country, 2022 - 2028 (USD Billion )
    • 7.4 Asia Pacific Cold Rolling Oil Market, by Type, 2022 - 2028
      • 7.4.1 Asia Pacific Cold Rolling Oil Market, by Type, 2022 - 2028 (USD Billion )
    • 7.5 Asia Pacific Cold Rolling Oil Market, by Material, 2022 - 2028
      • 7.5.1 Asia Pacific Cold Rolling Oil Market, by Material, 2022 - 2028 (USD Billion )
    • 7.6. Latin America
      • 7.6.4 Latin America Cold Rolling Oil Market, 2022 - 2028 (USD Billion )
        • 7.6.4.1 Latin America Cold Rolling Oil Market, by Country, 2022 - 2028 (USD Billion )
    • 7.4 Latin America Cold Rolling Oil Market, by Type, 2022 - 2028
      • 7.4.1 Latin America Cold Rolling Oil Market, by Type, 2022 - 2028 (USD Billion )
    • 7.5 Latin America Cold Rolling Oil Market, by Material, 2022 - 2028
      • 7.5.1 Latin America Cold Rolling Oil Market, by Material, 2022 - 2028 (USD Billion )
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa Cold Rolling Oil Market, 2022 - 2028 (USD Billion )
        • 7.7.5.1 The Middle-East and Africa Cold Rolling Oil Market, by Country, 2022 - 2028 (USD Billion )
    • 7.4 The Middle-East and Africa Cold Rolling Oil Market, by Type, 2022 - 2028
      • 7.4.1 The Middle-East and Africa Cold Rolling Oil Market, by Type, 2022 - 2028 (USD Billion )
    • 7.5 The Middle-East and Africa Cold Rolling Oil Market, by Material, 2022 - 2028
      • 7.5.1 The Middle-East and Africa Cold Rolling Oil Market, by Material, 2022 - 2028 (USD Billion )
  • Chapter 8. Company Profiles
    • 8.1 Indian Oil Corporation Ltd.
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 BP plc.
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Total S.A.
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Exxon Mobil Corporation
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Croda International PLC
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 ETNA Products Inc.
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Jiangsu Gaoke Petrochemical Co. Ltd.
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Houghton International Inc.
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Hindustan Petroleum Corporation Limited
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 and Eastern Petroleum Pvt. Ltd.
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Cold Rolling Oil Market, 2022 - 2028 (USD Billion )
  • 4. Porter’s Five Forces Analysis
  • 5. Global Cold Rolling Oil Market attractiveness, By Type
  • 6. Global Cold Rolling Oil Market attractiveness, By Material
  • 7. Global Cold Rolling Oil Market share by Type, 2022 and 2028 (USD Billion )
  • 8. Global Cold Rolling Oil Market by Synthetic, 2022 - 2028 (USD Billion )
  • 9. Global Cold Rolling Oil Market by Semi-Synthetic, 2022 - 2028 (USD Billion )
  • 10. Global Cold Rolling Oil Market by Mineral Based, 2022 - 2028 (USD Billion )
  • 11. Global Cold Rolling Oil Market share by Material, 2022 and 2028 (USD Billion )
  • 12. Global Cold Rolling Oil Market by Steel, 2022 - 2028 (USD Billion )
  • 13. Global Cold Rolling Oil Market by Copper, 2022 - 2028 (USD Billion )
  • 14. Global Cold Rolling Oil Market by Aluminium, 2022 - 2028 (USD Billion )
  • 15. Global Cold Rolling Oil Market share, by Region, 2022 and 2028
  • 16. North America Cold Rolling Oil Market, 2022 - 2028 (USD Billion )
  • 17. Europe Cold Rolling Oil Market, 2022 - 2028 (USD Billion )
  • 18. Asia Pacific Cold Rolling Oil Market, 2022 - 2028 (USD Billion )
  • 19. Latin America Cold Rolling Oil Market, 2022 - 2028 (USD Billion )
  • 20. The Middle-East and Africa Cold Rolling Oil Market, 2022 - 2028 (USD Billion )

Table Of Tables

  • 1. Global Cold Rolling Oil Market: Snapshot
  • 2. Drivers of the Cold Rolling Oil Market: impact analysis
  • 3. North America Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 4. North America Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 5. U.S. Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 6. U.S. Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 7. Canada Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 8. Canada Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 9. Europe Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 10. Europe Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 11. Germany Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 12. Germany Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 13. France Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 14. France Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 15. U.K. Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 16. U.K. Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 17. Italy Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 18. Italy Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 19. Spain Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 20. Spain Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 21. Rest of Europe Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 22. Rest of Europe Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 23. Asia Pacific Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 24. Asia Pacific Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 25. China Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 26. China Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 27. Japan Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 28. Japan Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 29. India Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 30. India Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 31. South Korea Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 32. South Korea Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 33. South-East Asia Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 34. South-East Asia Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 35. Rest of Asia Pacific Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 36. Rest of Asia Pacific Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 37. Latin America Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 38. Latin America Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 39. Brazil Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 40. Brazil Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 41. Mexico Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 42. Mexico Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 43. Rest of Latin America Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 44. Rest of Latin America Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 45. The Middle-East and Africa Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 46. The Middle-East and Africa Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 47. GCC Countries Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 48. GCC Countries Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 49. South Africa Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 50. South Africa Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )
  • 51. Rest of Middle-East Africa Cold Rolling Oil Market revenue, By Type, 2022 - 2028 (USD Billion )
  • 52. Rest of Middle-East Africa Cold Rolling Oil Market revenue, By Material, 2022 - 2028 (USD Billion )

Methodology

Free Analysis

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.

Global Cold Rolling Oil Market

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.

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FrequentlyAsked Questions

Rapidly increasing urbanization and industrialization have boosted the manufacturing sector, resulting in increased demand for metals in a variety of end-use sectors. With nations like Brazil, India, and China seeing tremendous growth in the industrial sector, synthetic rolling oils are likely to be extremely profitable.

According to the Zion Market Research report, the global cold rolling oil market was worth about 13.29 (USD billion) in 2021 and is predicted to grow to around 17.98 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 5.9 percent.

Among the regions, Asia Pacific is estimated to hold the maximum share in the global cold rolling oil market during the forecast period. Major factor such as increasing industrialization in economies like India and China and India is fostering the market growth in this region. In addition to this, low manufacturing prices, government incentives, and, low labor costs, are all driving cold rolling oil shipments in these areas

Major players operating in the global market include Indian Oil Corporation Ltd., BP plc., Total S.A., Exxon Mobil Corporation, Croda International PLC, ETNA Products Inc., Jiangsu Gaoke Petrochemical Co. Ltd., Houghton International Inc., Hindustan Petroleum Corporation Limited, and Eastern Petroleum Pvt. Ltd., among others.

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