Cold Rolling Oils/Lubricants Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Cold Rolling Oils/Lubricants Market grew at a CAGR of 4.6% between 2017-2021 and is estimated to be US$ 12,341.2Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.1% and is expected to reach a valuation of US$ 20,294.8Mn by 2032 end.

The global need for cold rolling oils and lubricants is being boosted by the expansion of the automotive, transportation, and construction industries. The automotive and construction sectors will experience a rise in demand for steel and aluminum sheets, which will help the target market expand between 2023 and 2032.

The need for steel and aluminum has increased significantly recently, partly due to the automobile industry, which has also influenced the demand for the target market in the coming years.

Market Dynamic

INCREASED PRODUCTION FOR ALUMINUM AND STEEL TO SHOOT UP DEMAND IN THE MARKET

Over the past century, manufacturing methods have evolved, changing the landscape. Electronic systems have emerged as a more effective technology than conventional systems. To be precise, a new era for the manufacturing sector has begun with the addition of electronic technologies. Over the forecast period, 2023 to 2032, an increase in demand for steel and aluminum from the global automotive industry is anticipated to spur the growth of the cold rolling oils/lubricants market.

DEPLETING CRUDE OIL RESOURCES TO RESTRAIN MARKET GROWTH

Since most industrial lubricants and oils are made directly from crude oil or petroleum, changes in their supply and price hurt the cold rolling oil and lubricants market. Furthermore, the sector is constrained by the fact that crude oil has a finite supply. Suppliers are investing in the research and development of synthetic cold-rolling oils and lubricants to lessen their reliance on crude oil. Shipments of cold rolling oil and lubricants are further hampered by fluctuating steel and aluminum costs on both national and international markets.

FOCUS ON AFTERSALES SUPPORT TO BE A MAJOR MARKET TREND

Cold rolling lubricant suppliers are spending money on great customer service and after-sales care to retain their clients and keep them happy in the face of growing global competition.

For instance, Chevron introduced its Keep Clean Preferred Vendor Program in January 2022 to help its customers get the most out of their lubrication programs. They can maximize performance and reduce maintenance downtime, sometimes costing businesses millions.

Market Segments Covered in Report

By Product Type:

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

By Material:

• Steel
• Copper
• Aluminum
• Others (Titanium, etc.)

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

What type of cold rolling oils are expected to see higher demand?

Global urbanization and rapid industrialization have boosted the manufacturing sector, increasing demand for metals across various end-use industries. Mineral-based cold rolling oils and lubricants can benefit greatly from the industrial sector’s rapid development in countries like China, India, and Brazil.

Due to their high load-bearing capacity and low coefficient of friction, mineral-based cold rolling oils and lubricants are a preferred choice among major manufacturers worldwide, which is driving up demand for them.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• With a market share of 48.7%, it is predicted that Asia Pacific will become one of the quickly expanding regions and will continue to be one of the most profitable throughout the evaluation. According to estimates, China will dominate the regional market due to strong demand from numerous end-use industries.
• The United States has shown to be a successful market for both consumers and businesses. The U.S. population’s high spending potential makes it a desirable industrial market. Sales of cold rolling oils and lubricants are anticipated to increase in the United States due to the presence of major hard rolling oil producers and a rapidly developing metal processing sector.

Competition Analysis

To keep up with the changing demands of the market, cold rolling oil and lubricant manufacturers are investing in research and development of new products. Cold rolling oil suppliers are concentrating on growing their global footprint through several mergers and acquisitions.

The key developments in the Global Cold Rolling Oils/Lubricants Market:

• In January 2022, Hopkins Manufacturing Corporation announced the acquisition of Lumax LLC to expand its range of fluid management products. The North Carolina-based business Lumax provides a variety of lubrication equipment, including pumps, oil measurers, funnels, and more. Through this acquisition, Hopkins has increased the range of products it offers to both current and potential clients.

A list of some of the key suppliers present in the 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
• Ricci S.p.A.

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.

• Report Includes

  Market Size Data

  • Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
  • Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
  • Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
  • Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
  • Incremental dollar opportunity generated in the forecast period would be indicated
  • Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

  Market Background

  • Macroeconomic factors that impact the market developments
  • Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
  • Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
  • Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
  • Trade analysis and analysis of key supply and demand hubs
  • Identification of hotbed opportunities existing in the market
  • Porter’s and PEST analysis to understand the business environment of the geography
  • Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

  Pricing Analysis

  • Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
  • Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
  • Cost teardown analysis and key factors impacting pricing

  Value Chain Analysis

  • Country-wise list of raw material suppliers
    • Raw material price trends and buyers’ sentiment
    • Overview of Intelligent Sourcing Technique
    • Raw material procurement requirements
    • Vendor selection criteria
  • Country-wise list of product manufacturers
  • Country-wise list of distributors/traders
  • Country-wise list of end-users
    • End-Users/Customers consumption mapping
    • Key End-Users/Customers client list
  • Country-wise list of other key channel partners
  • Average profitability margins
  • Regional value chain dynamics

  Competition Analysis

  • Market shares and production capacities of key players
  • Tier structure analysis of market
  • Comprehensive competition dashboard representing the top 10-15 players in the market
  • Individual company profiles of top 15 to 20 manufacturers
    • Business Overview
    • Product Portfolio
    • Key Financials
    • Recent Developments
    • SWOT Analysis
    • Strategies

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

Why Choose CVC Market Research?;

• Specialized market research company
• Impeccable and deep industry expertise
• Wide range of offerings
• Robust research methodology and statistical models with least deviation
• Extensive reports and full-service consulting
• Expert panel sanctioned industry outlook
• Growth dynamics for calculated investments
• Tri-level quality guarantee
• 6 months unlimited post-sales support
• Regular planned and contracted report updates