PUBLISHER: The Business Research Company | PRODUCT CODE: 1727907
PUBLISHER: The Business Research Company | PRODUCT CODE: 1727907
Quenching oil is a specialized lubricant used in metal heat treatment processes to regulate the cooling rate of heated metal components. It plays a vital role in improving the hardness, strength, and durability of metals by either rapidly or gradually lowering their temperature, depending on the desired mechanical properties. These oils are blended with additives to enhance oxidation stability, reduce sludge formation, and ensure uniform cooling, helping to minimize distortions or cracks in metal parts.
The primary types of quenching oil include ordinary quenching oil, quick quenching oil, speeding quench oil, quick and bright quenching oil, and others. Ordinary quenching oils are mineral-based fluids used for general heat treatment, providing standard cooling but lacking the precision needed for advanced processes. They are made from various types of oils such as mineral oil, synthetic oil, and semi-synthetic oil, with different viscosities low, medium, and high suitable for several industries, including metal, automotive, construction, and more.
The quenching oil market research report is one of a series of new reports from The Business Research Company that provides quenching oil market statistics, including the quenching oil industry global market size, regional shares, competitors with the quenching oil market share, detailed quenching oil market segments, market trends, and opportunities, and any further data you may need to thrive in the quenching oil industry. This quenching oil market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The quenching oil market size has grown steadily in recent years. It will grow from $6.41 billion in 2024 to $6.68 billion in 2025 at a compound annual growth rate (CAGR) of 4.2%. The growth during the historic period can be attributed to the increasing use of synthetic formulations, the growing adoption of electric vehicles, the rising demand for hardened steel, expansion in metal manufacturing, and growth in the shipbuilding industry.
The quenching oil market size is expected to see steady growth in the next few years. It will grow to $7.80 billion in 2029 at a compound annual growth rate (CAGR) of 4.0%. The growth expected in the forecast period is driven by the expansion of the aerospace sector, growth in renewable energy infrastructure, increased use of synthetic formulations, the growing adoption of AI in industrial cooling, and the expansion of defense manufacturing. Key trends during this period include advancements in heat treatment, integration of IoT in heat treatment processes, a focus on energy-efficient processes, a shift towards bio-based quenching oils, and innovations in quenching technology.
The growth of the metalworking industry is expected to drive the expansion of the quenching oil market. The metalworking industry involves processes such as shaping, cutting, welding, and assembling metal materials to create products and components for various sectors, including automotive, aerospace, construction, and electronics. This growth is fueled by factors such as the increasing demand for advanced manufacturing techniques and the rising need for high-quality metal products. Quenching oil is used in the metalworking industry to rapidly cool and harden metal components, improving their strength and durability. For example, in February 2025, the Department for Business and Trade (DBT), a UK government agency, projected that offshore wind projects would require 25 million tonnes of plate steel by 2050, representing a £21 ($13.31) billion market opportunity for steel producers in the UK. Therefore, the expansion of the metalworking industry is driving the growth of the quenching oil market.
Companies in the quenching oil market are focusing on developing advanced heat treatment oil solutions to meet the increasing demands of precision manufacturing processes. Heat treatment oil is a specialized oil used in the heat treatment of metals, particularly during quenching, to rapidly cool heated metal components. This oil controls the cooling rate, which is essential for achieving the desired hardness, strength, and mechanical properties of the material. For example, in February 2023, Solar Atmospheres, Inc., a U.S.-based heat treatment company, received approval for the oil quenching of alloy steels according to Boeing's specification BAC 5617. The Neo vacuum chamber uses thermocouples to heat parts, which are then transferred to a vacuum-protected vestibule within 20 seconds. Finally, a maximum load of 2,000 pounds is immersed in a 3,000-gallon agitated oil quench bath.
In July 2024, Metex Heat Treating Ltd., a Canada-based heat-treating company, acquired Exactatherm Ltd. for an undisclosed amount. This acquisition is aimed at enhancing Metex Heat Treating Ltd.'s capabilities and expanding its offerings across various industries, such as automotive, aerospace, nuclear, and tool and die industries. Exactatherm Ltd. is a Canada-based provider of vacuum oil quench heat treatment services.
Major players in the quenching oil market are Chevron Corporation, Phillips 66 Company, Indian Oil Corporation Ltd., ENI Oil Products, Idemitsu Kosan Co.Pvt.Ltd., ENEOS Industrial, Fuchs SE, Valvoline Global Operations, Castrol Limited, Gulf Oil-Houghton, D-A Lubricant Company, Gazpromneft - Lubricants Ltd., Nanjing Kerun Lubricants Co. Ltd., Gandhar Oil Refinery, Hardcastle Petrofer, Paras Lubricants Limited, BP Lubricants Private Limited, SMK PetroChemicals Pvt. Ltd., PetroLabs India Pvt. Ltd., LODHA Petro, Eastern Petroleum Pvt. Ltd, Arabian Petroleum Ltd., Dana Lubricants, Frank Alkanes Ind Pvt Limited, and Ruhani industries.
Asia-Pacific was the largest region in the quenching oil market in 2024. The regions covered in quenching oil report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the quenching oil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The quenching oil market consists of sales of hot quenching oils, bio-based and synthetic quenching oils, and martempering and austempering oils. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Quenching Oil Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on quenching oil market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for quenching oil ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The quenching oil market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.