Global Rolling Lubricants Market Growth Analysis 2022Posted by sandeep gade on August 29th, 2022 The global rolling lubricants market, in value terms, is anticipated to expand at a CAGR of 5.4% over the forecast period of 2021 and 2031. Significant growth in automotive, consumer goods, and construction sectors is boosting demand for rolling lubricants, with a large chunk of demand coming from the Asia Pacific region. With usage in various applications across industries, rolling lubricants are anticipated to witness substantial demand growth over the coming years, particularly in high-growth regions such as South Asia & Pacific. Growing construction, automotive, aerospace, and electronics industries are significantly impacting the market in a positive way. Development in product to decrease hazard generation and to comply with stringent regulations applied by various authorities is a key concern of manufacturers. Key players are focusing on introducing eco-friendly product formulations to meet growing standards and stringent environmental regulations. Request For Free Sample Report of Rolling Lubricants Market @ https://www.persistencemarketresearch.com/samples/31090 Key Takeaways from Market Study
“The aluminum sector is projected to be particularly lucrative during the forecast period, given its strong long-term demand fundamentals,” says a Persistence Market Research analyst. For critical insights on this market, request for customization here@ https://www.persistencemarketresearch.com/request-customization/31090 Competitive Landscape The global market for rolling lubricants has been identified as a moderately fragmented space owing to significant presence of key market participants. Some of the key market players included in the study are Exxon Mobil Corporation, Croda International PLC, Total S.A., BP plc. (Castrol), Indian Oil Corporation Ltd, Hindustan Petroleum Corporation Limited, Quaker Houghton, Jiangsu Gaoke Petrochemical Co., Ltd., ETNA Products, Inc., Petroyag Lubricants, Buhmwoo Group, Ricci S.p.A., T&L Chemical , Idemitsu Kosan Co., Ltd., and Eastern Petroleum Pvt. Ltd. Key manufacturers are anticipated to maintain a competitive environment in the global market. Market players are focusing on investing a fair share of their revenue in product development to launch water-based lubricants to sustain in the longer run in this competitive environment. Conclusion The market is expected to gain traction owing to increasing use of rolling lubricants, especially in developing regions of the world. But owing to the COVID-19 scenario, the global supply chain of rolling lubricants has been impacted to a significant extent, which disrupted supply and demand balance. Particularly, the COVID-19 pandemic has also majorly affected the automotive industry, and has had a cascading effect on the metal processing industry, which pushed the rolling lubricants industry to the brink with production lockdowns, severe supply chain disruptions, and economic disruption across both, small and large economies. Globally, East Asia is expected to dominate the market during the forecast period due to concentration of manufacturing industry in the region. In Asia, China and India are anticipated to be the largest markets for rolling lubricants owing to the presence of large number of end-use sectors. Exxon Mobil Corporation, Total SE, BP Plc (Castrol), Indian Oil Corporation Ltd., and Idemitsu Kosan Co., Ltd. are estimated to remain prominent market participants. Technological advancements and product innovations to improve the efficiency of lubricants by reducing porosity and increasing strength and high ductility are key focus areas. Major industry players are also entering into collaborations to expand their global footprint, product portfolios, and technological bases. Buy The Complete Report to read the analysed strategies adopted by the top vendors either to retain or gain market share@ https://www.persistencemarketresearch.com/checkout/31090 About Us Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs. Contact Us: Persistence Market Research Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States U.S. Ph. – +1-646-568-7751 USA-Canada Toll-free – +1 800-961-0353 Like it? Share it!More by this author |