Forging Lubricants Market 2022-2031
New Study Reports “Forging Lubricants Market 2022 Global Analysis By Key Regions, Production, Consumption, Revenue, Applications, Growth and Forecasts 2031” has been Added on PersistenceMarketResearch.
Report Details:
This report provides in depth study of “Forging Lubricants Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Forging Lubricants Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
The global forging lubricants market is estimated to expand at a CAGR of 5.6% over the forecast period of 2022-2031.
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Demand for forging lubricants is projected to be driven by steady expansion in the metals & machinery sector, notably in emerging nations such as India, China, Brazil, and others.
Rising need to increase efficiency of manufacturing processes and lower manufacturing costs has led to adoption of metalworking machines in several industries, including processing, automobiles, and other heavy metal industries, which, in turn, has benefitted manufacturers of forging lubricants to a great extent.
Key Players:
The report has profiled some of the important players prevalent in the global like – Henkel Corporation, FUCHS, Quaker Houghton, Moresco Corporation, The Hill and Griffith Company, Condat Group, Hardcastle Petrofer Pvt. Ltd., Chemtool Incorporated, Acme Refining LLC, and Lubgraf and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Forging Lubricants Market.
Demand for forging lubricants is also being driven by increased activity in the metal forging industry across the world due to numerous uses in the automotive industry for developing lightweight vehicles and added benefit of stronger automotive components manufactured by forging than those manufactured by casting or machining.
- Oelheld Gmbh developed Airforge OH 40028, which is a non-graphitic die lube formulated for aluminum forging. As more automotive suspension parts are forged from aluminium, a modern, environmentally friendly forging lube is required. Aluminum forging applications up to 1200°F are best suited for lubricants. On forged components, Airforge OH 40028 exhibits better material flow, optimum lubrication, and outstanding polish.
- Condat launched new range of water-based forging lubricant: Condaforge 625 / 625 RFU / 635. This graphited lubricant line was created specifically for the forging of automotive and aerospace parts. They may be utilized with ferrous and nonferrous metals, including titanium, inconel, and aluminium. In different hot forging operations, Condaforge 625, 625 RFU, and 635 offered good performance and lubricity. Furthermore, they are ammonium-free and odorless, resulting in a safer and more pleasant working environment.
Key Takeaways from Market Study
- The global forging lubricants market is expected to register a CAGR of 5.6% over the forecast period. Developing economies such as those in Asia Pacific and East Asia are expected to witness steady increase in demand for forging lubricants.
- Graphite-free forging lubricants are projected to dominate global forging lubricant demand. These lubricants cool the die, thereby helping in thermal management.
- Use of aluminum for the manufacturing of lightweight automotive components is projected to expand at a significant CAGR, which, in turn, would lead to growing requirement for forging lubricants.
- Water-based forging lubricants are projected to dominate as they help the die to cool and are easier to use with application equipment.
- Rising use of magnesium metal for forging with low porosity and high ductility is creating a significant demand for forging lubricants.
- Graphite lubricants are being replaced with synthetic lubricants in order to prevent serve under fill, uneconomically low die life, and in the production of more complex components.
- Synthetic lubricants are used to improve equipment efficiency, lengthen its life, and increase its non-flammability property.
“Developed regions such as North America and Europe are projected to witness significant demand for forging lubricants, owing to stringent regulations pertaining to greenhouse emissions, which will promote the use of water-based forging lubricants for aluminum and steel metal forging used for the production of light passenger vehicles,” says a Persistence Market Research analyst.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Forging Lubricants Market Manufacturers
Forging Lubricants Market Distributors/Traders/Wholesalers
Forging Lubricants Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Forging Lubricants Market – Report Highlights
- A detailed overview of parent market of Forging Lubricants Market
- Changing Forging Lubricants Market dynamics in the industry
- In-depth segmentation of the Forging Lubricants Market
- Historical, current, and projected Forging Lubricants Market size regarding volume and value
- Recent industry trends and developments in Forging Lubricants Market
- Competitive landscape of the Forging Lubricants Market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Forging Lubricants Market performance
- Must-have information for Forging Lubricants Market players to sustain and enhance their market footprint
Key Questions Answered in the Forging Lubricants Market Report
How is the Forging Lubricants Market expected to grow over the projected period?
What direction is the Forging Lubricants Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Forging Lubricants Market in future?
What are the key market drivers in the Forging Lubricants Market?
What are significant opportunities and improvement areas for Forging Lubricants Market manufacturers?
What are the key developments and trends taking over the Forging Lubricants Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Forging Lubricants Market?
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