Quenching Oil Market Size, Growth Analysis Report, Forecast to 2022-2028
Quenching
is a process of rapidly cooling a material from high temperature. A quenching
oil’s purpose is to control heat transfer during the metal or steel
manufacturing process. The notable properties of quenching oil include
non-toxic, non-corrosive, better thermal conductivity, low volatility, better
oxidation stability, and elevated flash point, among others. Quenching oil
contains numerous additives such as anti-oxidants, rust inhibitors, wetting
agents and other accelerators. The performance and life cycle of quenching oil
depends upon its thermal stability and the content of additives. Quenching oil
can be classified into several categories depending on their functional
characteristics, i.e., quenching rate and operating pressure. The
petroleum-based quenching oil requires relatively higher speed and operating
temperature.
Quenching oil is applied on steel/metallic parts, ferrous
alloys, and used in in several other operations. Moreover, quenching oil finds
application in the several end-use sectors including automotive and other
mining operations.
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Global Quenching Oil market: Dynamics
Quenching oil finds numerous applications in almost all the
manufacturing sectors such as mining, automotive, and processing plants, among
others, which is major driving factor for the growth of the global quenching
oil market. There has been significant demand for steel in various end-use
sectors, which is expected to drive the demand and growth of the global
quenching oil market over the forecast period. The growing number of mining
processing, food processing, automotive and other processing plants is the key
factor expected to drive the global quenching oil market over the forecast
period.
Further, rising demand for high-speed quenching oil to
optimize the heat resistance to adhere the surface of working piece in order to
reduce the sludge is expected to drive the growth of the quenching oil market
during the forecast period. Also, growing efforts for developing more reliable
bearings is also intensifying the competition among the players operating in
the global quenching oil market. However, one of the major issues associated
with quenching oil is high maintenance cost, which is expected to hamper the
growth of the global quenching oil market over the forecast period. The
variation in cost of quenching oil or fluctuation in prices of quenching oil
are the factors that negatively expected to impact the growth of the global
quenching oil market over the forecast period.
Global Quenching Oil market: Regional Outlook
The global quenching oil market is segmented into seven key
regions, namely North America, Latin America, Middle East & Africa,
Asia-Pacific, Eastern Europe, Western Europe and Japan. The market majorly
depends on industrial processing, which is relatively high in developed
markets, i.e., North America and Europe. Moreover, China, Japan and India are
expected to achieve new significant growth in the Asian market, where China is
expected to be the most dominant country in the region over the forecast
period. The Gulf Cooperation Council countries in the Middle East are
developing a unified regulatory system in many sectors, including mining. This,
in turn, is expected to drive the quenching oil market in the Middle East &
Africa over the forecast period.
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Global Quenching Oil Market: Key Players
Examples of some of the key players identified across the
value chain of the global quenching oil market are:
- Euclid
Heat Treating Company
- CONDAT
- OilPure
Technologies
- Rocky
Valley Oil
- S.
Dodge Oil
- Dow
Chemical
- Paras
Lubricants Limited
- Tashoil
Company Pvt. Ltd.
- ThermTech
- VAC
Aero
The research report presents a comprehensive assessment of
the market and contains thoughtful insights, facts, historical data, and
statistically supported and industry-validated market data. It also contains
projections using a suitable set of assumptions and methodologies. The research
report provides analysis and information according to market segments such as
geographies, application, and industry.
Global Quenching Oil Market: Segmentation
The global quenching oil market can be segmented on the
basis of quenching rate, product type and regions.
On the basis of quenching rate, Global Quenching Oil market
can be segmented as mentioned below:
- Normal
Speed (13 to 20 Second)
- Medium
Speed (10- to 12 Second)
- High
Speed (7 to 9 Second)
On the basis of product type, Global Quenching Oil market
can be segmented as mentioned below:
- High
Temperature Quenching oils
- Polymer
or water miscible quenching oils
- Water
washable quenching oils
- Quenching
emulation
- Others
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