[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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| 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.
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.
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.
“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.
Principal Consultant
“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.
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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“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.
“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.
“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.
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.
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.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2028 |
| Historical Data Available for | 2012 to 2021 |
| Market Analysis | US$ million for Value |
| Key Regions Covered |
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| Key Counties Covered |
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| Key Market Segments Covered |
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| Key Companies Profiled |
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| Pricing | Available upon Request |
The China cold rolling oils market holds a dominant market share of 44.7% in 2022.
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.
In 2022, the global cold rolling lubricants market will stand at a net worth of US$ 14.5 Bn.
Cold rolling oils predicted to rake in sales revenue worth US$ 18.2 Bn by 2028.
As per detailed industry analysis, the global market is estimated to expand at a CAGR of 5.6% from 2022 to 2028.
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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Cold Rolling Oils/Lubricants Market
