Global Rolling lubricants Market: Introduction
Rolling is a process of stretching piece of sheet metal (or alloy) to a desired thickness by increasing its length. This process requires lubrication to control friction between rolls and sheet. Lubricants used in rolling process are termed as rolling lubricants. Friction control in rolling process is a crucial task as low frictions is required at some places but if friction is too low, the sheet may slip between the rolls and is not able to flatten sheet efficiently, creating pits and smears. The friction can be controlled by the feeding method or type of lubricant used. Rolling lubricants are mainly used to cool the metal and work rolls whilst providing the required lubrication to the roll and protecting both from corrosion.
Rolling lubricants can be classified depending on type of rolling as: hot rolling lubricants and cold rolling lubricants. In hot rolling process the material is heated by an external heat at high temperature and then flattened while in cold rolling the material is rolled and flattened at or near to room temperature. Hot rolled materials require comparative less processing than cold rolled materials; however cold rolling is used more commonly due to which cold rolling lubricants hold prominent share in rolling lubricants market.
The rolling lubricants can be added directly or in mixture with water, such as an emulsion depending on the application. In hot rolling, generally emulsions of rolling lubricants and water is used. During the rolling process, lubrication and thermal control is achieved by spraying emulsions onto the controlled part. In manufacturing of the rolling lubricants, additives such as lubricity improvers, antioxidants, emulsifiers, corrosion inhibitors and others are also added to improve its performance.
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Global Rolling lubricants Market: Dynamics
Development in manufacturing techniques and increasing use of electronic systems over traditional methods has increased the adoption of rolling process which in turn has resulted into the growth of rolling lubricants market. Materials undergone rolling process find their applications in automotive, electronics and other industries. Increasing demand for rolling process from automotive sector for steel and aluminum sheets is anticipated to drive the demand for global rolling lubricants.
Rising investments in industrial sector is expected to boost the demand for rolling lubricants. It has been observed that rolling lubricants market is linked with steel production and metal processing. Thus, growth in steel production and metal processing will further propel the growth for rolling lubricants market. Moreover, preferred use of non-ferrous materials over ferrous materials is proposed to fuel the growth for the rolling lubricants market. Fluctuations in raw material prices is an important factor for rolling lubricants market that should be taken into consideration by manufacturers.
Global Rolling lubricants Market: Segmentation
The global Rolling lubricants market can be segmented on the basis of its rolling type, its product type and its type of material.
The global Rolling lubricants market is segmented on the basis of its rolling type:
- Hot rolling
- Cold rolling
The global Rolling lubricants market is segmented on the basis of its rolling product type:
- Synthetic
- Semi-Synthetic
- Mineral
The global Rolling lubricants market is segmented on the basis of its type of material:
- Steel
- Aluminum
- Copper
- Others
Global Rolling lubricants Market: Regional Outlook
Asia-Pacific region accounts for the prominent share for consumption of rolling lubricants globally followed by Europe and North America. North America is expected to show considerable growth for rolling lubricants demand during the forecast period led by developments in its automotive sector. China holds the significant share in Asia-Pacific market and is one of the fastest growing country for rolling lubricants demand, mainly backed by the increasing industrialization and shift of automotive industry to the country.
Asia-Pacific is expected to further penetrate and increase its market share in upcoming years. Government regulations on metal processing and mining in developed countries from Europe and North America may restrain the global lubricants market. Other regions such as Middle East & Africa and Latin America are expected to show relatively stable growth rates during forecast period.
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Global Rolling lubricants Market: Key Participants
Examples of some of the market participants operating in the global Rolling lubricants market are:
- Buhmwoo
- Croda International PLC
- Eastern Petroleum Pvt. Ltd.
- ETNA Products
- Exxon Mobil Corporation
- Houghton International Inc.
- Indian Oil Corporation Ltd
- Jiangsu Gaoke Petrochemical Co., Ltd.
- Petroyag
- Quaker Chemical Corporation
- Total S.A.
- FUCHS Group