A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Metal
Processing Oil
Market. The
study, titled “Metal
Processing Oil Market - Global Industry Analysis, Size, Share,
Trends, Growth and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Metal
process oils are process oils used in metal processing for
lubrication, cooling, and anticorrosion purposes. Metals need to
undergo several mechanical processes such as casting, forging,
cutting, drawing, and hardening for usage in a particular
application. However, significant amount of heat and friction is
generated during these processes. This causes overheating and wear of
worked metal, tools, and machine tools. Metal processing oils are
used to control high temperatures and lower wear and tear of tools,
machine tools, and forging machines. Metal processing oils are
largely employed in manufacturing processes such as machining, cold
and hot drawing, forging, broaching, quenching, heat treatment,
rolling, grinding, and cleaning.
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Market Research Report @
Rapid
industrialization and expansion of the manufacturing sector are
expected to drive the metal processing oil market across the globe.
Increase in proclivity toward efficient and effective manufacture of
metal parts by lowering the operating costs is anticipated to boost
the metal processing oil market in the near future. These oils
increase the durability of tools and dies by reducing friction and
heat, ultimately lowering the tooling and die manufacture costs.
Furthermore, growth in the automotive industry is estimated to fuel
the metal processing oil market in developing countries such as
India, China, Brazil, and South Africa. Volatility in prices of oil
and gas affects the prices of metal processing oil, as crude oil is
the precursor to their production. Decrease in prices of crude oil
has led to a fall in the prices of metal processing oil. This
volatility is also estimated to hamper the market of metal processing
oil in the near future.
Based
on type, the metal processing oil market has been segmented into
straight oils, also known as neat oils; soluble oils, also known as
emulsifiable oils; semi-synthetic oils; and synthetic oils. Neat oils
or straight oils are mineral based oils and occupy significant share
of the metal processing oil market. These oils are used for heavy
duty operations such as cold drawing and rolling, hobbing, and
machining. Based on feedstock, the metal processing oil market can be
divided into Group I, Group II, Group III, Group IV, and Group V.
Group I base oils are widely used feedstock source for manufacturing
metal processing, oils as they are cheap and easy to obtain. However,
manufacturers of Group I base oil are shifting toward the cleaner
Group II and Group III feedstock sources due to the high sulfur
content. In terms of application, the market can be split into
machining, forging, heat treatment, drawing, and finishing
operations. Of these, machining accounts for substantial market share
due to the extensive use of metal processing oil in operations such
as cutting, turning, milling, and drilling. This segment is followed
by metal drawing application, especially cold drawing operations.
Based
on geography, the metal processing oil market can be segregated into
Asia Pacific, Europe, North America, Latin America, and Middle East &
Africa. Asia Pacific is one of the key consumers of metal processing
oils, as countries such as India and China are manufacturing hubs.
The region is also a prominent manufacturer of automobiles in the
world. This is boosting the metal processing oil market in Asia
Pacific. It is followed by the market in Europe and North America, as
these regions also have strong automotive market. Thus, the
manufacturing sector in these regions accounts for significant share
of metal processing oil. The metal processing oil market in Latin
America is also projected to expand at significant pace in the near
future, due to the rapid industrialization in countries such as
Brazil and Mexico.
Get
accurate market forecast and analysis on the Metal Processing Oil
market. Request a sample to stay abreast on the key trends impacting
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Key
manufacturers of metal processing oil include Exxon Mobil
Corporation, Castrol Limited, Indian Oil Corporation Ltd, and United
Oil Company.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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Us
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