Cold Rolling Oils/Lubricants Market Outlook (2022-2028)

[242 Pages Report] Demand for cold rolling oils and lubricants is predicted to rise at a CAGR of 5.6% and end up with an estimated market valuation of US$ 18.2 Billion by 2028. Cold rolling lubricant sales in 2022 are set to rake in revenue worth US$ 14.5 Billion.

Attribute Details
Cold Rolling Oils/Lubricants Market Size (2022) US$ 14.5 billion
Estimated Market Value (2028) US$ 18.2 billion
Forecasted Growth Rate (2022 to 2028) 5.6% CAGR
Country with Highest Market Share China 44.7%

Lubrication plays a crucial role in the cold rolling process and other industrial processes as well. Cold-rolled steel and aluminium have seen exponential increase in demand, especially from the automotive and transportation sectors.

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How The Market Progressed Till June 2022?

Market Statistics Details
H1,2021 (A) 4.6%
H1,2022 Projected (P) 5.0%
H1,2022 Outlook (O) 5.2%
BPS Change : H1,2022 (O) - H1,2022 (P) (+) 20 ↑
BPS Change : H1,2022 (O) - H1,2021 (A) (+) 60 ↑

FMI presents a half-yearly comparison and insightful analysis of cold rolling lubricants market growth rate. The market has been primarily influenced by the manufacturing sector growth outlook, product and technological development and innovations, crude oil demand and supply and other factors. Key players are investing in acquisitions, capacity expansions, strengthening of the distribution network to enhance their global presence.

The global demand for cold rolling lubricants increased by a magnitude of 4.6% over the first half of 2021. The market is further estimated to witness a growth rate of about 5.2% during the first half of 2022 increase in the growth by 60 bps points. Growing demand for aluminium sheet, steel sheet, and others from automotive and construction sector are expected to remain key growth drivers for the market.

Current estimation of market growth in H1 2022 as compare to projected H1 2022 reflects a gain in 20 bps owing to substantial demand outlook for the lubricants in the processing of metals and steel.

Moreover, increasing FDI in the industrial and construction sector, increasing individual’s disposable income, urbanization are propelling the demand for cold rolled products, which is indirectly enhancing the sales of cold rolling oil.

However, the market is been attributed by certain challenges including fluctuating raw materials prices, decrease in the supply of crude oil, stringent government regulations, increasing geopolitical tensions, and others are impacting the growth of the market to a certain extent.

Consumption Analysis of Cold Rolling Oils/Lubricants (2012 to 2021) Vs Market Predictions (2022 to 2028)

Urbanization and industrialization have penetrated countries across the globe and this has fostered high demand for industrial lubrication. Demand for cold rolling lubricants saw evolution at a CAGR of 4.8% from 2012 to 2021 with the market seeing a drop in sales in 2020 in the wake of the COVID-19 pandemic.

The automotive industry has contributed to increase in demand for steel and aluminium, and this has largely shaped the demand for cold rolling oils and lubricants, this trend is expected to be prominent over the forecast period as well.

Cold Rolling Oils/Lubricants Market

Rising investments in the industrial sector, increase in production of metals like steel and aluminium, increasing research and development of synthetic lubricants, changing requirements from different cold rolling processes, increasing industrialization in emerging economies, and rising technological advancements are some of the major factors that are anticipated to influence cold rolling oil and lubricant sales through 2028.

What Opportunities Await Cold Rolling Oil Suppliers?

“Focus on Aftersales Support to Be Major Market Trend”

With increasing competition across the world, cold rolling lubricant vendors are investing in providing excellent customer support and aftersales services to retain their customers and keep them satisfied.

For instance, Chevron in January 2022, launched a Keep Clean Preferred Vendor Program that is aimed at providing Chevron’s customers with aid to make most of their lubrication programs. This will help them to optimize performance and minimize maintenance downtime that costs companies fortunes at times.

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What Issues Could Cold Rolling Oil Manufacturers Face Over the Coming Years?

“Depleting Crude Oil Resources to Restrain Market Growth”

Most industrial lubricants and oils are directly derived from crude oil or petroleum and fluctuations in supply and pricing of the same harm the cold rolling oils/lubricants market. Moreover, the finite nature of crude oil is also a constraining factor for the industry. Cold rolling oil suppliers are investing in the research and development of synthetic cold rolling oils and lubricants to reduce their dependence on crude oil.

Fluctuating prices of steel and aluminum in international and local markets also act as a restraining factor for cold rolling oil and lubricant shipments.

Shipments of cold rolling oils and lubricants are projected to progress at a CAGR of 5.6% over the forecast period.

Which Regions Provide Lucrative Opportunities for Cold Rolling Lubricant Producers?

This research details the global cold rolling oils/lubricants industry landscape in regions like North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA).

The North American cold rolling oils/lubricants market holds a market share of 13.1% in 2022. Increasing industrialization and rapidly progressing manufacturing sector are expected to favour the consumption of cold rolling oils and lubricants in this region.

Increasing industrial activity across Europe is expected to majorly influence the demand for cold rolling oils in this region. However, fluctuations in the pricing of metals due to changing economic climate of the world is expected to negatively impact cold rolling lubricant sales in this region. The demand however is expected to see an upward trend despite this restraining factor.

The market for cold rolling oils/lubricants in South Asia and East Asia is expected to have a bright outlook. This can be attributed to high industrialization in economies like China and India. Low labour costs, government subsidies, and low production costs are majorly responsible for propelling cold rolling oil and lubricant shipments in these regions.

Demand for cold rolling oils in Latin America currently accounts for 4.2% of the global landscape. Increasing industrialization in countries like Brazil is expected to spearhead the growth in this region.

The cold rolling oils/lubricants market in the MEA region holds the lowest market share of 2.7% at present, and is anticipated to rise at a slow pace through 2028. Slow industrialization and underdeveloped economic infrastructure hamper the market potential in this region.

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Country-wise Analysis

What is the Outlook for the U.S. Cold Rolling Lubricants Industry?

“Presence of Major Cold Rolling Oil Suppliers to Drive Market Potential in the U.S.”

The U.S. has proved to be a lucrative market for consumers and companies alike. High spending potential of the U.S. population makes it an attractive industrial market. Presence of major cold rolling oil manufacturers and rapidly evolving metal processing industry are expected to drive sales of cold rolling oils and lubricants in the U.S.

Aluminium and steel consumption is expected to see a major upward trend in the coming years. Majority of this demand is expected to be from automotive and transportation companies.

Why is China a Lucrative Market for Cold Rolling Lubricant Suppliers?

“Established Industrial Infrastructure Propelling Cold Rolling Lubricant Sales”

China is a major manufacturing and production hub with an established industrial infrastructure. Rapid development of the industrial sector in China is majorly expected to favor cold rolling oil and lubricant consumption over the coming years.

High demand for steel and aluminum in end-use industries like automotive and construction is expected to further establish demand for cold rolling oils and lubricants in China. The cold rolling oils/lubricants market in China accounts for 44.7% of the global market share and is expected to maintain its dominant stance throughout the forecast period through 2028.

Category-wise Analysis

What Type of Cold Rolling Oils are Expected to See Higher Demand?

“Synthetic Rolling Lubricants to Have Bright Outlook”

Rapid industrialization and urbanization across the world have given impetus to the manufacturing sector which has subsequently increased the demand for metals in multiple end-use industries. With economies like China, India, and Brazil seeing rapid developments in the manufacturing sector, these are expected to be very lucrative for synthetic rolling lubricants and oils.

Synthetic rolling oils have a high load-bearing capacity and low coefficient of friction which is making them a popular choice among the key manufacturers across the world and hence propelling their demand.

COVID-19 Crisis Survey

The COVID-19 pandemic of 2020 negatively impacted the manufacturing sector and rendered many industries useless within a short period. Disruptions in the supply chain and availability of raw materials due to lockdown restrictions across the globe largely hampered manufacturing activity across the world.

With sales dropping and markets toppling, demand eventually fell and many industries were shut down to compensate for losses. Demand for metals was negatively impacted, and subsequently, sales of cold rolling oils and lubricants also experienced a downward trend.

Shipments of cold rolling oils are expected to rise at a steady CAGR in the post-pandemic era as the world returns to normalcy and demand from end-use industries such as automotive and construction sees an upward trend.

Competitive Landscape

Cold rolling oil/lubricant manufacturers are investing in the research & development of new products to meet the changing demand of the industry. Cold rolling oil suppliers are focusing on enlarging their footprint across the globe through various acquisitions and mergers.

  • In January 2022, Hopkins Manufacturing Corporation, in an attempt to strengthen its fluid management product portfolio, announced the acquisition of Lumax LLC. The North Carolina-based company Lumax has a product portfolio of lubrication products, pumps, oil measurers, funnels, etc. Hopkins, via this acquisition, has expanded its product portfolio and offerings for existing and new customers alike.

Cold Rolling Oils/Lubricants Industry Report Scope

Attribute Details
Forecast Period 2022 to 2028
Historical Data Available for 2012 to 2021
Market Analysis US$ million for Value
Key Regions Covered
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa (MEA)
Key Counties Covered
  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • Turkey
  • South Africa
  • and GCC Countries
Key Market Segments Covered
  • Product Type
  • Material Type
  • Region
Key Companies Profiled
Pricing Available upon Request

Key Segments of Cold Rolling Oils/Lubricants Industry Survey

Cold Rolling Oils Market by Product Type:

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

Cold Rolling Oils Market by Material:

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

Cold Rolling Oils Market by Region:

  • North America Cold Rolling Oils/Lubricants Market
  • Latin America Cold Rolling Oils/Lubricants Market
  • Europe Cold Rolling Oils/Lubricants Market
  • East Asia Cold Rolling Oils/Lubricants Market
  • South Asia & Pacific Cold Rolling Oils/Lubricants Market
  • Middle East & Africa (MEA) Cold Rolling Oils/Lubricants Market

Frequently Asked Questions

What metrics are listed for the China cold rolling lubricants industry?

The China cold rolling oils market holds a dominant market share of 44.7% in 2022.

Which key players are profiled in this cold rolling lubricants industry analysis?

In this cold rolling oils market survey, key players such as Croda International PLC, Exxon Mobil Corporation, Total S.A., BP plc., Indian Oil Corporation Ltd., Eastern Petroleum Pvt. Ltd., and Hindustan Petroleum Corporation Limited are profiled in detail.

What valuation will the cold rolling oils market enjoy in 2022?

In 2022, the global cold rolling lubricants market will stand at a net worth of US$ 14.5 Bn.

What is the estimated valuation for the demand for cold rolling lubricants market by 2028?

Cold rolling oils predicted to rake in sales revenue worth US$ 18.2 Bn by 2028.

In terms of CAGR, how is the cold rolling oils/lubricants market predicted to rise?

As per detailed industry analysis, the global market is estimated to expand at a CAGR of 5.6% from 2022 to 2028.

Table of Content
1. Executive Summary

  1.1. Market Overview

  1.2. Market Analysis

  1.3. FMI Analysis and Recommendations

  1.4. Wheel of Fortune

2. Market Introduction

  2.1. Market Definition

  2.2. Market Taxonomy

  2.3. Parent Market Overview

3. Market Background

  3.1. Porter’s Analysis

  3.2. Macro-Economic Factors

    3.2.1. Global GDP by Region, 2016–2028

    3.2.2. Global Automotive Production by Region

    3.2.3. Global Automotive Fleet on Road Outlook by Region

    3.2.4. Oil and Natural Gas Consumption by Region

    3.2.5. Global Crude Steel Production

    3.2.6. Growth in Transport Infrastructure Spending by Region

    3.2.7. Global Primary Aluminum Consumption

    3.2.8. Global Packaging Industry Overview

  3.3. Market Dynamics

    3.3.1. Drivers

    3.3.2. Restraints

    3.3.3. Opportunities

    3.3.4. Trends

  3.4. Value Chain Analysis

  3.5. Cold Rolling Process

  3.6. Forecast Factors – Relevance & Impact

4. Global Cold Rolling Oils/Lubricants Market Analysis 2013–2021 and Forecast 2022–2028

  4.1. Market Volume (KT) Projections

  4.2. Pricing Analysis

  4.3. Market Size Projections

    4.3.1. Y-o-Y Projections

    4.3.2. Absolute $ Opportunity Analysis

  4.4. Patent Analysis

5. Global Cold Rolling Oils/Lubricants Market Analysis 2013–2021 and Forecast 2022–2028, By Product Type

  5.1. Introduction

    5.1.1. Market Value Share Analysis By Product Type

    5.1.2. Y-o-Y Growth Analysis By Product Type

  5.2. Historical Market Size (US$ Mn) and Volume (KT) By Product Type, 2013–2021

  5.3. Market Size (US$ Mn) and Volume (KT) Forecast By Product Type, 2022-2028

    5.3.1. Synthetic

    5.3.2. Semi-Synthetic

    5.3.3. Mineral Based

  5.4. Market Attractiveness Analysis By Product Type

  5.5. Section Summary

6. Global Cold Rolling Oils/Lubricants Market Analysis 2013–2021 and Forecast 2022–2028, By Material Type

  6.1. Introduction

    6.1.1. Market Value Share Analysis By Material Type

    6.1.2. Y-o-Y Growth Analysis By Material Type

  6.2. Historical Market Size (US$ Mn) and Volume (KT) by Material Type, 2013–2021

  6.3. Market Size (US$ Mn) and Volume (KT) Forecast by Material Type, 2022-2028

    6.3.1. Steel

    6.3.2. Copper

    6.3.3. Aluminum

    6.3.4. Others (Titanium, etc.)

  6.4. Market Attractiveness Analysis by Material Type

  6.5. Section Summary

7. Global Cold Rolling Oils/Lubricants Market Analysis and Forecast, By Region

  7.1. Introduction

    7.1.1. Market Value Share Analysis by Region

    7.1.2. Y-o-Y Growth Analysis by Region

  7.2. Historical Market Size (US$ Mn) and Volume (KT) By Region, 2013–2021

  7.3. Market Size (US$ Mn) and Volume (KT) Forecast By Region, 2022-2028

    7.3.1. North America

    7.3.2. Latin America

    7.3.3. Western Europe

    7.3.4. Eastern Europe

    7.3.5. South East Asia and Pacific

    7.3.6. China

    7.3.7. India

    7.3.8. Japan

    7.3.9. Middle East & Africa

  7.4. Market Attractiveness Analysis by Region

  7.5. Section Summary

8. North America Cold Rolling Oils/Lubricants Market Analysis 2013–2021 and Forecast 2022–2028

  8.1. Introduction

  8.2. Historical Market Size (US$ Mn) and Volume (KT) By Market Segments, 2013–2021

  8.3. Market Size (US$ Mn) and Volume (KT) Forecast By Market Segments, 2022-2028

    8.3.1. By Country

      8.3.1.1. U.S.

      8.3.1.2. Canada

    8.3.2. By Product Type

    8.3.3. By Material Type

  8.4. Market Attractiveness Analysis

    8.4.1. By Country

    8.4.2. By Product Type

    8.4.3. By Material Type

  8.5. Section Summary

9. Latin America Cold Rolling Oils/Lubricants Market Analysis 2013–2021 and Forecast 2022–2028

  9.1. Introduction

  9.2. Historical Market Size (US$ Mn) and Volume (KT) By Market Segments, 2013–2021

  9.3. Market Size (US$ Mn) and Volume (KT) Forecast By Market Segments, 2022-2028

    9.3.1. By Country

      9.3.1.1. Brazil

      9.3.1.2. Mexico

      9.3.1.3. Rest of Latin America

    9.3.2. By Product Type

    9.3.3. By Material Type

  9.4. Market Attractiveness Analysis

    9.4.1. By Country

    9.4.2. By Product Type

    9.4.3. By Material Type

  9.5. Section Summary

10. Western Europe Cold Rolling Oils/Lubricants Market Analysis 2013–2021 and Forecast 2022–2028

  10.1. Introduction

  10.2. Historical Market Size (US$ Mn) and Volume (KT) By Market Segments, 2013–2021

  10.3. Market Size (US$ Mn) and Volume (KT) Forecast By Market Segments, 2022-2028

    10.3.1. By Country

      10.3.1.1. Germany

      10.3.1.2. United Kingdom

      10.3.1.3. France

      10.3.1.4. Italy

      10.3.1.5. Spain

      10.3.1.6. Benelux

      10.3.1.7. Nordic Region

      10.3.1.8. Rest of Western Europe

    10.3.2. By Product Type

    10.3.3. By Material Type

  10.4. Market Attractiveness Analysis

    10.4.1. By Country

    10.4.1. By Product Type

    10.4.2. By Material Type

  10.5. Section Summary

11. Eastern Europe Cold Rolling Oils/Lubricants Market Analysis 2013–2021 and Forecast 2022–2028

  11.1. Introduction

  11.2. Historical Market Size (US$ Mn) and Volume (KT) By Market Segments, 2013–2021

  11.3. Market Size (US$ Mn) and Volume (KT) Forecast By Market Segments, 2022-2028

    11.3.1. By Country

      11.3.1.1. Russia

      11.3.1.2. Poland

      11.3.1.3. Rest of Eastern Europe

    11.3.2. By Product Type

    11.3.3. By Material Type

  11.4. Market Attractiveness Analysis

    11.4.1. By Country

    11.4.2. By Product Type

    11.4.3. By Material Type

  11.5. Section Summary

12. South East Asia and Pacific Cold Rolling Oils/Lubricants Market Analysis 2013–2021 and Forecast 2022–2028

  12.1. Introduction

  12.2. Historical Market Size (US$ Mn) and Volume (KT) By Market Segments, 2013–2021

  12.3. Market Size (US$ Mn) and Volume (KT) Forecast By Market Segments, 2022-2028

    12.3.1. By Country

      12.3.1.1. ASEAN

      12.3.1.2. Oceania

      12.3.1.3. Rest of South East Asia and Pacific

    12.3.2. By Product Type

    12.3.3. By Material Type

  12.4. Market Attractiveness Analysis

    12.4.1. By Country

    12.4.1. By Product Type

    12.4.2. By Material Type

  12.5. Section Summary

13. China Cold Rolling Oils/Lubricants Market Analysis 2013–2021 and Forecast 2022–2028

  13.1. Introduction

  13.2. Historical Market Size (US$ Mn) and Volume (KT) By Market Segments, 2013–2021

  13.3. Market Size (US$ Mn) and Volume (KT) Forecast By Market Segments, 2022-2028

    13.3.1. By Product Type

    13.3.2. By Material Type

  13.4. Market Attractiveness Analysis

    13.4.1. By Product Type

    13.4.2. By Material Type

  13.5. Section Summary

14. India Cold Rolling Oils/Lubricants Market Analysis 2013–2021 and Forecast 2022–2028

  14.1. Introduction

  14.2. Historical Market Size (US$ Mn) and Volume (KT) By Market Segments, 2013–2021

  14.3. Market Size (US$ Mn) and Volume (KT) Forecast By Market Segments, 2022-2028

    14.3.1. By Product Type

    14.3.2. By Material Type

  14.4. Market Attractiveness Analysis

    14.4.1. By Product Type

    14.4.2. By Material Type

  14.5. Section Summary

15. Japan Cold Rolling Oils/Lubricants Market Analysis 2013–2021 and Forecast 2022–2028

  15.1. Introduction

  15.2. Historical Market Size (US$ Mn) and Volume (KT) By Market Segments, 2013–2021

  15.3. Market Size (US$ Mn) and Volume (KT) Forecast By Market Segments, 2022-2028

    15.3.1. By Product Type

    15.3.2. By Material Type

  15.4. Market Attractiveness Analysis

    15.4.1. By Product Type

    15.4.2. By Material Type

  15.5. Section Summary

16. Middle East & Africa Cold Rolling Oils/Lubricants Market Analysis 2013–2021 and Forecast 2022–2028

  16.1. Introduction

  16.2. Historical Market Size (US$ Mn) and Volume (KT) By Market Segments, 2013–2021

  16.3. Market Size (US$ Mn) and Volume (KT) Forecast By Market Segments, 2022-2028

    16.3.1. By Country

      16.3.1.1. GCC Countries

      16.3.1.2. South Africa

      16.3.1.3. Rest of MEA

    16.3.2. By Product Type

    16.3.3. By Material Type

  16.4. Market Attractiveness Analysis

    16.4.1. By Country

    16.4.1. By Product Type

    16.4.2. By Material Type

  16.5. Section Summary

17. Competition Landscape

  17.1. Competition Dashboard

  17.2. Market Share Analysis

  17.3. Market Structure Analysis

  17.4. Market Intensity Mapping by Region

  17.5. Competition Deep dive

    17.5.1. Croda International PLC

    17.5.2. Exxon Mobil Corporation

    17.5.3. Total S.A.

    17.5.4. BP plc.

    17.5.5. Indian Oil Corporation Ltd

    17.5.6. Eastern Petroleum Pvt. Ltd.

    17.5.7. Hindustan Petroleum Corporation Limited

    17.5.8. Houghton International Inc.

    17.5.9. Jiangsu Gaoke Petrochemical Co., Ltd.

    17.5.10. ETNA Products, Inc.

    17.5.11. Petroyag Lubricants

    17.5.12. Buhmwoo Group

    17.5.13. Ricci S.p.A.

18. Assumptions & Acronyms Used

19. Research Methodology
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