Metal Processing Oil Market
The metal processing oil market can be segregated into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Asia Pacific is one of the key consumers of metal processing oils, as countries such as India and China are manufacturing hubs. The region is also a prominent manufacturer of automobiles in the world. Download the Excluisve Report Sample Here : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=19130
The metal processing oil market can be segregated into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Asia Pacific is one of the key consumers of metal processing oils, as countries such as India and China are manufacturing hubs. The region is also a prominent manufacturer of automobiles in the world.
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Transparency <strong>Market</strong> Research<br />
<strong>Metal</strong> <strong>Processing</strong> <strong>Oil</strong> <strong>Market</strong> - Global<br />
Industry Analysis, Size, Share, Trends,<br />
Growth and Forecast 2016 - 2024<br />
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REPORT DESCRIPTION<br />
<strong>Metal</strong> process oils are process oils used in metal processing for lubrication, cooling, and anticorrosion purposes. <strong>Metal</strong>s need to undergo<br />
several mechanical processes such as casting, forging, cutting, drawing, and hardening for usage in a particular application. However, significant<br />
amount of heat and friction is generated during these processes. This causes overheating and wear of worked metal, tools, and machine<br />
tools. <strong>Metal</strong> processing oils are used to control high temperatures and lower wear and tear of tools, machine tools, and forging ma -<br />
chines. <strong>Metal</strong> processing oils are largely employed in manufacturing processes such as machining, cold and hot drawing, forging, broaching,<br />
quenching, heat treatment, rolling, grinding, and cleaning.<br />
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Rapid industrialization and expansion of the manufacturing sector are expected to drive the metal processing oil market across the<br />
globe. Increase in proclivity toward efficient and effective manufacture of metal parts by lowering the operating costs is anticipated to boost<br />
the metal processing oil market in the near future. These oils increase the durability of tools and dies by reducing friction and heat, ulti -<br />
mately lowering the tooling and die manufacture costs. Furthermore, growth in the automotive industry is estimated to fuel the metal pro -<br />
cessing oil market in developing countries such as India, China, Brazil, and South Africa. Volatility in prices of oil and gas affects the prices<br />
of metal processing oil, as crude oil is the precursor to their production. Decrease in prices of crude oil has led to a fall in the prices of metal<br />
processing oil. This volatility is also estimated to hamper the market of metal processing oil in the near future.<br />
Based on type, the metal processing oil market has been segmented into straight oils, also known as neat oils; soluble oils, also known as<br />
emulsifiable oils; semi-synthetic oils; and synthetic oils. Neat oils or straight oils are mineral based oils and occupy significant share of the<br />
metal processing oil market. These oils are used for heavy duty operations such as cold drawing and rolling, hobbing, and machining.<br />
Based on feedstock, the metal processing oil market can be divided into Group I, Group II, Group III, Group IV, and Group V. Group I base<br />
oils are widely used feedstock source for manufacturing metal processing, oils as they are cheap and easy to obtain. However, manufactur -<br />
ers of Group I base oil are shifting toward the cleaner Group II and Group III feedstock sources due to the high sulfur content. In terms of<br />
application, the market can be split into machining, forging, heat treatment, drawing, and finishing operations. Of these, machining accounts<br />
for substantial market share due to the extensive use of metal processing oil in operations such as cutting, turning, milling, and drilling. This<br />
segment is followed by metal drawing application, especially cold drawing operations.<br />
Based on geography, the metal processing oil market can be segregated into Asia Pacific, Europe, North America, Latin America, and Middle<br />
East & Africa. Asia Pacific is one of the key consumers of metal processing oils, as countries such as India and China are manufactur -<br />
ing hubs. The region is also a prominent manufacturer of automobiles in the world. This is boosting the metal processing oil market in Asia<br />
Pacific. It is followed by the market in Europe and North America, as these regions also have strong automotive market. Thus, the manufac -<br />
turing sector in these regions accounts for significant share of metal processing oil. The metal processing oil market in Latin America is also<br />
projected to expand at significant pace in the near future, due to the rapid industrialization in countries such as Brazil and Mexico.<br />
Key manufacturers of metal processing oil include Exxon Mobil Corporation, Castrol Limited, Indian <strong>Oil</strong> Corporation Ltd, and United <strong>Oil</strong><br />
Company.
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