Market Overview:
The global quenching oil market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for quenching oils from the metallurgical industry and transportation sector. In terms of type, ordinary quenching oil is expected to hold a major share of the global quenching oil market during the forecast period. However, quick quenching oil is projected to grow at a higher CAGR than other types during the forecast period. In terms of application, metallurgical industry is expected to account for a majority share of the global quenching oil market during 2018-2030.
Product Definition:
A quenching oil is a type of oil that is used to cool metal parts. It is important because it helps to prevent the parts from warping or cracking.
Ordinary Quenching Oil:
Ordinary quenching oil is a vegetable-based oil, which finds its major application in the metalworking industry. It has witnessed significant growth over the past few years owing to its properties such as high flash point and low viscosity. The product is used for various processes including surface treatment, annealing and normalizing, case hardening, pickling & heat treating and general purpose lubrication among others.
Quick Quenching Oil:
Quick quenching oil is a special type of oil which can be used for quenching or Tempering the steel. Quick Quenching Oil (QKO) has low VOC content and it helps to reduce carbon dioxide emission during production. The demand for quick-quenching oils in the U.
Application Insights:
The market is segmented by application into metallurgical industry, transportation, others and the application segments include automotive & aerospace, construction and industrial machinery. The transportation sector dominated the global quenching oil market in 2017 owing to extensive usage of quick-quench oils for various applications such as gearboxes, shafts and bearings of wind turbines among others.
The automotive & aerospace sector is anticipated to witness significant growth over the forecast period due to increasing demand for high-performance steel alloys from major manufacturers across the globe. In addition, growing use of aluminum alloys in aircraft structures will also boost product demand over the next eight years. However rapid growth rate in this industry may create opportunities for competitors as well which may result in lower consumption rates compared with previous years.
In terms of revenue however; other applications including consumer appliances are likely to witness sluggish growth on account of declining steel manufacturing activities globally coupled with a rise in non-ferrous metal production such as copper (Cu).
Regional Analysis:
Asia Pacific was the largest market for quenching oil, accounting for a share of more than 35.0% in 2017. The region is expected to continue its dominance over the forecast period as well owing to presence of large steel manufacturing industries in countries such as China, India and Japan. In addition, increasing demand from other end-use sectors such as automotive and aerospace is anticipated to drive industry growth over the coming years.
The Middle East & Africa accounted for a significant share in 2017 due to rapid expansion of oil & gas industries mainly led by Saudi Arabia and UAE which are among major consumers of quick quenching oils across various applications.
North America emerged as one of the promising regional markets on account rising use cases including metallurgical furnaces.
Growth Factors:
- Increasing demand from end-use industries such as automotive, aerospace, and general engineering
- Growing popularity of quenching oil in the die casting industry
- Rising investments in research and development activities for new quenching oils formulations
- Proliferation of automated systems that require quenching oils for cooling operations
- Technological advancements that have led to the development of more efficient quenching oils
Scope Of The Report
Report Attributes
Report Details
Report Title
Quenching Oil Market Research Report
By Type
Ordinary Quenching Oil, Quick Quenching Oil, Speeding Quench Oil, Quick and Bright Quenching Oil, Others
By Application
Metallurgical Industry, Transportation, Others
By Companies
Gulf Oil-Houghton, Idemitsu Kosan, FUCHS, JX Holding, Mobil Industrial Lubricants, LUKOIL, DowDuPont, Valvoline, BP Castrol, Chevron, Total S.A., ConocoPhillips, CPC, Eni
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Quenching Oil Market Report Segments:
The global Quenching Oil market is segmented on the basis of:
Types
Ordinary Quenching Oil, Quick Quenching Oil, Speeding Quench Oil, Quick and Bright Quenching Oil, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Metallurgical Industry, Transportation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Gulf Oil-Houghton
- Idemitsu Kosan
- FUCHS
- JX Holding
- Mobil Industrial Lubricants
- LUKOIL
- DowDuPont
- Valvoline
- BP Castrol
- Chevron
- Total S.A.
- ConocoPhillips
- CPC
- Eni
Highlights of The Quenching Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ordinary Quenching Oil
- Quick Quenching Oil
- Speeding Quench Oil
- Quick and Bright Quenching Oil
- Others
- By Application:
- Metallurgical Industry
- Transportation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Quenching Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Quenching oil is a type of oil that is used to cool and protect metal surfaces from oxidation.
Some of the major companies in the quenching oil market are Gulf Oil-Houghton, Idemitsu Kosan, FUCHS, JX Holding, Mobil Industrial Lubricants, LUKOIL, DowDuPont, Valvoline, BP Castrol, Chevron, Total S.A., ConocoPhillips, CPC, Eni.
The quenching oil market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Quenching Oil Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Quenching Oil Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Quenching Oil Market - Supply Chain
4.5. Global Quenching Oil Market Forecast
4.5.1. Quenching Oil Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Quenching Oil Market Size (000 Units) and Y-o-Y Growth
4.5.3. Quenching Oil Market Absolute $ Opportunity
5. Global Quenching Oil Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Quenching Oil Market Size and Volume Forecast by Type
5.3.1. Ordinary Quenching Oil
5.3.2. Quick Quenching Oil
5.3.3. Speeding Quench Oil
5.3.4. Quick and Bright Quenching Oil
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Quenching Oil Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Quenching Oil Market Size and Volume Forecast by Application
6.3.1. Metallurgical Industry
6.3.2. Transportation
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Quenching Oil Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Quenching Oil Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Quenching Oil Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Quenching Oil Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Quenching Oil Demand Share Forecast, 2019-2026
9. North America Quenching Oil Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Quenching Oil Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Quenching Oil Market Size and Volume Forecast by Application
9.4.1. Metallurgical Industry
9.4.2. Transportation
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Quenching Oil Market Size and Volume Forecast by Type
9.7.1. Ordinary Quenching Oil
9.7.2. Quick Quenching Oil
9.7.3. Speeding Quench Oil
9.7.4. Quick and Bright Quenching Oil
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Quenching Oil Demand Share Forecast, 2019-2026
10. Latin America Quenching Oil Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Quenching Oil Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Quenching Oil Market Size and Volume Forecast by Application
10.4.1. Metallurgical Industry
10.4.2. Transportation
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Quenching Oil Market Size and Volume Forecast by Type
10.7.1. Ordinary Quenching Oil
10.7.2. Quick Quenching Oil
10.7.3. Speeding Quench Oil
10.7.4. Quick and Bright Quenching Oil
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Quenching Oil Demand Share Forecast, 2019-2026
11. Europe Quenching Oil Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Quenching Oil Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Quenching Oil Market Size and Volume Forecast by Application
11.4.1. Metallurgical Industry
11.4.2. Transportation
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Quenching Oil Market Size and Volume Forecast by Type
11.7.1. Ordinary Quenching Oil
11.7.2. Quick Quenching Oil
11.7.3. Speeding Quench Oil
11.7.4. Quick and Bright Quenching Oil
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Quenching Oil Demand Share, 2019-2026
12. Asia Pacific Quenching Oil Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Quenching Oil Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Quenching Oil Market Size and Volume Forecast by Application
12.4.1. Metallurgical Industry
12.4.2. Transportation
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Quenching Oil Market Size and Volume Forecast by Type
12.7.1. Ordinary Quenching Oil
12.7.2. Quick Quenching Oil
12.7.3. Speeding Quench Oil
12.7.4. Quick and Bright Quenching Oil
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Quenching Oil Demand Share, 2019-2026
13. Middle East & Africa Quenching Oil Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Quenching Oil Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Quenching Oil Market Size and Volume Forecast by Application
13.4.1. Metallurgical Industry
13.4.2. Transportation
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Quenching Oil Market Size and Volume Forecast by Type
13.7.1. Ordinary Quenching Oil
13.7.2. Quick Quenching Oil
13.7.3. Speeding Quench Oil
13.7.4. Quick and Bright Quenching Oil
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Quenching Oil Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Quenching Oil Market: Market Share Analysis
14.2. Quenching Oil Distributors and Customers
14.3. Quenching Oil Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Gulf Oil-Houghton
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Idemitsu Kosan
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. FUCHS
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. JX Holding
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Mobil Industrial Lubricants
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. LUKOIL
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DowDuPont
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Valvoline
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. BP Castrol
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Chevron
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Total S.A.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ConocoPhillips
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. CPC
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Eni
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
