Global Rolling lubricants Market: Introduction
Rolling is a process of stretching piece of sheet metal (or alloy) to a desired thickness by increasing its length. This process requires lubrication to control friction between rolls and sheet. Lubricants used in rolling process are termed as rolling lubricants. Friction control in rolling process is a crucial task as low frictions is required at some places but if friction is too low, the sheet may slip between the rolls and is not able to flatten sheet efficiently, creating pits and smears. The friction can be controlled by the feeding method or type of lubricant used. Rolling lubricants are mainly used to cool the metal and work rolls whilst providing the required lubrication to the roll and protecting both from corrosion. Rolling lubricants can be classified depending on type of rolling as: hot rolling lubricants and cold rolling lubricants. In hot rolling process the material is heated by an external heat at high temperature and then flattened while in cold rolling the material is rolled and flattened at or near to room temperature. Hot rolled materials require comparative less processing than cold rolled materials; however cold rolling is used more commonly due to which cold rolling lubricants hold prominent share in rolling lubricants market. The rolling lubricants can be added directly or in mixture with water, such as an emulsion depending on the application. In hot rolling, generally emulsions of rolling lubricants and water is used. During the rolling process, lubrication and thermal control is achieved by spraying emulsions onto the controlled part. In manufacturing of the rolling lubricants, additives such as lubricity improvers, antioxidants, emulsifiers, corrosion inhibitors and others are also added to improve its performance.
Global Rolling lubricants Market: Dynamics
Development in manufacturing techniques and increasing use of electronic systems over traditional methods has increased the adoption of rolling process which in turn has resulted into the growth of rolling lubricants market. Materials undergone rolling process find their applications in automotive, electronics and other industries. Increasing demand for rolling process from automotive sector for steel and aluminum sheets is anticipated to drive the demand for global rolling lubricants. Rising investments in industrial sector is expected to boost the demand for rolling lubricants. It has been observed that rolling lubricants market is linked with steel production and metal processing. Thus, growth in steel production and metal processing will further propel the growth for rolling lubricants market. Moreover, preferred use of non-ferrous materials over ferrous materials is proposed to fuel the growth for the rolling lubricants market. Fluctuations in raw material prices is an important factor for rolling lubricants market that should be taken into consideration by manufacturers.
Global Rolling lubricants Market: Segmentation
The global Rolling lubricants market can be segmented on the basis of its rolling type, its product type and its type of material.
The global Rolling lubricants market is segmented on the basis of its rolling type:
The global Rolling lubricants market is segmented on the basis of its rolling product type:
The global Rolling lubricants market is segmented on the basis of its type of material:
Global Rolling lubricants Market: Regional Outlook
Asia-Pacific region accounts for the prominent share for consumption of rolling lubricants globally followed by Europe and North America. North America is expected to show considerable growth for rolling lubricants demand during the forecast period led by developments in its automotive sector. China holds the significant share in Asia-Pacific market and is one of the fastest growing country for rolling lubricants demand, mainly backed by the increasing industrialization and shift of automotive industry to the country. Asia-Pacific is expected to further penetrate and increase its market share in upcoming years. Government regulations on metal processing and mining in developed countries from Europe and North America may restrain the global lubricants market. Other regions such as Middle East & Africa and Latin America are expected to show relatively stable growth rates during forecast period.
Global Rolling lubricants Market: Key Participants
Examples of some of the market participants operating in the global Rolling lubricants market are:
The Rolling lubricants market research report presents a comprehensive assessment of the Rolling lubricants market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Rolling lubricants market research report provides analysis and information according to Rolling lubricants market segments such as geographies, application and industry.
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The Rolling lubricants Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Rolling lubricants market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Rolling lubricants market segments and geographies.
Rolling lubricants are gaining preference in the market in creating rolls of any metal sheet. The market is progressing with multiplicity in these lubricants. The end-users select the lubricant, based on the type and intensity of friction required by them in the rolling process. The evolving electrical systems have emerged as major end users in the market creating incremental growth prospects for the manufacturers. Besides electronics, the automotive sector has emerged as a major end user owing to the augmenting consumption of aluminum and steel sheets in different activities.
Metal Processing Drives Market Growth
Activities such as metal processing and steel production are substantially boosting the market growth. Amongst the metals, non-ferrous metals are witnessing a steep hike in demand which is expected to generate lucrative opportunities for the market players. The market is largely driven by different factors such as prices of the raw materials which act a primary determinant of the growth trajectory in the market. Corrosion protection has surfaced as one of the primary factors determining the sale of any lubricant.
Cold Lubricants Gain Preference
Based on the rolling type, rolling lubricants can be broadly segmented into hot rolling lubricant and cold rolling lubricant where the cold rolling lubricant is expected to hold a huge chunk of the market share on the back of high adoption rate. The rolling product type can be broadly classified into synthetic and semi-synthic types. Mineral type of product is also gaining rapid traction in the market. The prominent materials in the global market include steel copper and aluminum.
The global market can be segmented into regions such as Latin America, North America, Western Europe, Eastern Europe, Japan, Asia Pacific, Middle East and Africa. Led by the significant market growth in the regions such as China, India and South Korea, the market for roiling lubricant in Asia Pacific is projected to contribute a significant share of the revenue in the global landscape. The augmenting developments in the automotive sector coupled with high adoption rate of technological advancements imparts North America a prominent position in the market. The markets in the developed economies of Europe are progressing ahead, backed by favorable government policies.
Prominent market players are placing their stakes in rapidly advancing regions such as China to benefit for the growing market. The market players of the additives such as emulsifiers corrosion inhibitors and lubricity improvers that are added to the rolling lubricants to improve their performance are also exploring profitable prospects with the progressing market of rolling lubricants. Established players are progressively increasing their penetration in different sectors such as automotive to expand their global pressem.
Players such as Croda International PLC are investing in advanced processes such as Thermo gravimetric analysis and Laser diffraction particle sizing to enhance the performance of their products along with their product portfolio. Prominent players profiled in the global rolling lubricants market include Jiangsu Gaoke Petrochemical Co. Croda International PLC, Indian Oil Corporation Ltd, Quaker Chemical Corporatio, Ltd.. FUCHS Group, Buhmwoo, Eastern Petroleum Pvt. Ltd., Houghton International Inc. and Petroyag.