An Incisive, In-depth Analysis on the Cold Rolling Oils Lubricants Market
This study offers a comprehensive, 360 degree analysis on the Cold Rolling Oils Lubricants market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Cold Rolling Oils Lubricants market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Cold rolling oils/lubricants are used to remove the friction coefficient between rolling strips. They are also used to reduce the heat that is generated by the friction between strips and roll surfaces as well as to remove contamination. The global cold rolling oils/lubricants market is expected to register a CAGR of 5.1% over the forecast period (2018-2028) in volume terms. The estimated value of the cold rolling oils/lubricants market in 2018 is US$ 3,186.1 Mn and is expected to grow at a CAGR of 5.3% to reach US$ 5,339.9 Mn by the end of 2028.
Factors influencing the growth of the global cold rolling oils/lubricants market
Manufacturing techniques have transformed significantly over the past century. As compared to the traditional or conventional system, electronic systems have emerged as a more efficient technology. Moreover, this scenario has changed completely after the inclusion of electronic technologies in the system. Increase in the demand for aluminium and steel from the automotive industry across the globe is expected to drive the cold rolling oils/lubricants market over the forecast period.
Moreover, increase in local & foreign investments in the industrial sector is anticipated to boost the demand for cold rolling oils/lubricants in the coming decade. Also, increase in the production of aluminium and steel sheets is expected to drive the cold rolling oils/lubricants market over the forecast period.
The application of cold rolling oils/lubricants decreases the coefficient of friction between the oil film and the roll & strip surface. Cold rolling oils/lubricants remove the heat that occurs due to the friction between the strip and the roll surface, and this is anticipated to propel the market of cold rolling oils/lubricants in the near future. Increase in steel production and metal processing activities across the globe is expected to create significant opportunities for manufacturers in the coming years.
Global Cold Rolling Oils/Lubricants Market Segmentation and Forecast
The global cold rolling oils/ lubricants market is segmented on the basis of product type, material type, and region. On the basis of product type, the global cold rolling oils/ lubricants market has been segmented intosynthetic, semi-synthetic and mineral based. On the basis of material type, the cold rolling oils/lubricants market is segmented into steel, copper, aluminium and others (titanium, etc.). Key regions covered in the report include North America, Latin America, Western Europe, Eastern Europe, South East Asia & Pacific, China, India, Japan and Middle East & Africa (MEA).
Global Cold Rolling Oils/Lubricants Market Analysis, by Region
From a regional perspective, the cold rolling oils/ lubricants market in China is anticipated to dominate the market in terms of volume and value demand. The market in the region will be significantly driven by demand from the end use industry. The growth of the region will be supplemented by increase in steel production across the region. North America is anticipated to be the next big market accounting for a value share of 12.5% by end of the forecast period. Western Europe and Eastern Europe collectively accounted for a share of 22.4% in 2017.
Key players Dominating the Global Cold Rolling Oils/Lubricants Market
Some of the players reported in this study on the global cold rolling oils/lubricants market are Croda International PLC, Exxon Mobil Corporation, Total S.A., BP p.l.c., Indian Oil Corporation Ltd, Eastern Petroleum Pvt. Ltd., Hindustan Petroleum Corporation Limited, Houghton International Inc., Jiangsu Gaoke Petrochemical Co., Ltd., ETNA Products, Inc., Petroyag, Buhmwoo and Ricci S.p.A. Recently, industry players have been focusing on strategic expansion to increase their presence across the globe. In addition, manufacturers have been focusing on research and development to develop new and innovative products to expand their market presence.
Future Market Insights (FMI) analyses the global cold rolling oils/lubricants market in its new publication titled “Cold Rolling Oils/Lubricants Market: Global Industry Analysis and Forecast, 2018–2028”. This study provides data for 2017 along with the forecast for the period 2018–2028. The main objective of the report is to identify dynamics in the market and provide recent updates and insights pertaining to various segments of the global cold rolling oils/lubricants market. To provide a better understanding of the business, the report also includes the analysis of drivers, restraints and trends which influence the current scenario and are expected to impact the global cold rolling oils/lubricants market over the forecast period.
Market segmentation
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Report description
To understand and assess opportunities and trends, the global cold rolling oils/lubricants market report is categorically split into different sections based on product type, material type and regions. The global cold rolling oils/lubricants market report starts with the global macro-economic environment and covers the factor that influence growth. In addition, the report also consists of an overview and provides market definition and taxonomy along with drivers, restraints and trends. The sections that follow include global cold rolling oils/lubricants market analysis – by product type, material type and regional/country level analysis. All the above sections evaluate the market on the basis of various factors that affect it. Each section discusses the qualitative and quantitative aspects of the global cold rolling oils/lubricants market. To give a brief idea about revenue opportunities from the product type, material type and region/country-wise segments, the report also provides market value (US$ Mn) data, absolute $ opportunity, and total incremental opportunity for each segment over the forecast period (2018-2028).
In the subsequent section, the market analysis on a regional basis and a detailed analysis of macro-economic factors at regional level is provided. Furthermore, the growth of various factors is mapped against the growth of the market. Drivers, restraints and trends are provided to ensure a holistic picture.
In the final section of the report, we have provided a detailed competition landscape with company share and performance to provide a dashboard view of key players operating in the global cold rolling oils/lubricants market to the report audience, along with their business strategies. This would enable clients to assess strategies deployed by key players and help them develop effective strategies accordingly.
Research methodology
For data analysis, we have considered 2017 as the base year. Market numbers are estimated for 2018 and forecasts are made for 2018–2028. The report considers the size of the cold rolling oils/lubricants market at a global level and splits & evaluates it at a regional level. The estimation made is then further triangulated. The forecast assesses the total revenue (US$ Mn) of the global cold rolling oils/lubricants market. In order to provide an accurate forecast, we have started by sizing up the historical market size i.e. 2013–2016, after which we have evaluated the current market, which forms the basis of how the global cold rolling oils/lubricants market is expected to develop in the future. The critical data, including the base number and segment splits, has been devised through in-depth secondary research. This data is then triangulated on the basis of different verticals considering the supply side as well as the demand side drivers and other dynamics of the various regional markets, along with primary interviews of cold rolling oils/lubricants manufacturers, distributors & suppliers, and industry experts. The forecast presented in the report evaluates the actual market size (US$ Mn) in 2017 with regards to cold rolling oils/lubricants and the expected market value over the forecast period.
We have also analyzed the different segments of the global cold rolling oils/lubricants market in terms of Basis Point Share (BPS) to understand the relative contribution of individual segments to market growth. This detailed information is important for identifying the various key trends governing the global cold rolling oils/lubricants market. The report also analyses the global cold rolling oils/lubricants market based on the absolute dollar opportunity. This is usually overlooked while estimating the forecasts. However, from a business development perspective, it is essential to identify absolute dollar opportunity to identify potential resources in the cold rolling oils/lubricants market. Moreover, FMI has developed a market attractiveness index to understand the key segments in terms of their performance and growth in the cold rolling oils/lubricants market. This index is expected to help clients to identify real market opportunities in the global cold rolling oils/lubricants market.
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