Global Aluminum Rolling Oil Market Size By Process, By Aluminum Type, By Geographic Scope And Forecast

Aluminum Rolling Oil Market Size And Forecast

According to Verified Market Research, the Global Aluminum Rolling Oil Market was valued at USD 45,139.3 Thousand in 2018 and is expected to witness a growth of 5.57% from 2019-2026 and reachUSD 68,773.5 Thousand by 2026.

The latest survey on Global Aluminum Rolling Oil Market is conducted covering various organizations of the industry from different geographies to come up with a 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition are facing along with gap analysis and new opportunities available and trend in the Aluminum Rolling Oil Market. The report bridges the historical data from 2013 to 2018 and forecasted till 2026. The report aims to present the analysis of Global Aluminum Rolling Oil Market By Process, By Aluminum Type, By Region - North America, Europe, South America, Asia-Pacific, Middle East, and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities.

What is Aluminum Rolling Oil?

Aluminum rolling oil is a premium quality and low viscosity straight mineral oil specially developed for cold rolling oil operation of aluminum sheets, strip or foils. It is non-staining, non-corrosive, and has good additive solubility for fats & alcohols that are added by the manufacturers for the advantage of smooth productions. Aluminum rolling requires good surface finish. The Rolling oils used in the production of metal cold rolling play an important role in functions such as cooling and rust prevention, which conforms to the modern industrial production requirements including clean production, energy saving, material consumption reduction, and recycling in today's metal processing industry.

Global Aluminum Rolling Oil Market Outlook

The growing scope of the lubricants industry and aluminum production across the globe is expected to drive the market. The industrial lubricants industry is reforming its supply channels and marketing policies. Over the past few years, factors such as greater internet penetration among the region's populations have increased online retail usage, wherein lubricant marketers are searching a worthwhile retail platform. According to sources, the market growth rate of lubricants is expected to increase gradually over the forecast period.

Alternatives for aluminum rolling oil are expected to hinder the market growth rate over the forecast period. The reduction of energy consumption and lightweight design is beneficial for the automotive sector. The project is expected to integrate traditional manufacturing methods with modern technologies such as generative design and industrial 3D printing. Such alternatives are expected to hinder the growth rate of the aluminum industry and will likewise act as a restraint for the aluminum rolling oil market as well.

Global Aluminum Rolling Oil Market Segmentation

The Global Aluminum Rolling Oil Market is segmented on the basis of Process, Aluminum Type, and Geography. The gist of breaking down the market into various segments is to gather information about various aspects of the market.

Global Aluminum Rolling Oil Market By Process

On the basis of process, the market is bifurcated into Hot Rolling Process and Cold Rolling Process. During, cold rolling of aluminum, the rolling is done at a temperature low enough to achieve strain hardening, even when the alloy would feel hot to human sense. This process can be done at room temperature or at a moderately raised temperature. Of course, it takes more energy to roll cold metal than metal which is softened by a high enough temperature. Through cold rolling, a smoother final surface is achieved, while working at different tempers than hot rolling. Cold Rolling Process segment is anticipated to have the largest market share of the market.

Global Aluminum Rolling Oil Market By Aluminum Type

On the basis of Aluminum Type, the Global Aluminum Rolling Oil market has been segmented into sheet, foil, and plate. The aluminum sheet is a versatile material because it can be custom-tailored, can be given a wide range of finishing, fabrication and joining processes and a variety of surfaces. It can also be machined in different ways, readily joined to itself or to other materials and can be easily molded or formed. The most commonly used method of rolling the aluminum sheets is a hot rolling process as they don't require rigorous rolling to attain maximum thinness and hence the amount of lubricant is required accordingly. The market for the sheet segment is anticipated to have the largest market share during the forecast period.

Global Aluminum Rolling Oil Market By Geography

On the basis of Geography, the Global Aluminum Rolling Oil market has been segmented into Asia-Pacific, Europe, RoW, and North America. Among the four mentioned regions, Asia-Pacific dominated the Global Aluminum Rolling Oil Market in 2018. Asia-Pacific region includes countries such as China, India, Japan, and, Indonesia whose aerospace industry proves to be a promising market for the growth of the aluminum rolling oil industry. Aircraft construction can be seen to be booming in China, paving the way for growth in the market. Aluminum plays a large role outside the mobility sector in China as well, such as within the packaging industry. With India's rapidly growing urbanization, the potential for the packaging industry in India's aluminum rolling market is growing.

Global Aluminum Rolling Oil Market Competitive Landscape

The "Global Aluminum Rolling Oil Market" study report offers a valuable insight with an emphasis on global market including some of the major players Exxon Mobil Corporation, Indian Oil Corporation Limited, Croda International Plc, Quaker Chemical Corporation, Jiangsu Gaoke Petrochemical Co., Ltd., Etna Products, Inc., Houghton International Inc., Petroyag, Eastern Petroleum Pvt. Ltd., and Ricci S.p.A. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Aluminum Rolling Oil Market