Slideway Oil Market Trends Growth and Dynamics Forecast To 2022

Slideway Oil Market Trends | Growth and Dynamics | Forecast To
2022
“Global Slideway Oil Market report includes in-depth analysis of industry by
recent technologies, trends, opportunities, challenges, key players and
business strategies considering types, segment and future outlook.”
Global Slideway Oil Market size was USD 60.61 billion in 2014 and is projected to reach USD
94.78 billion by 2022. Increasing demand from industrial, automotive and construction sectors
owing to the lubrication, corrosion and anti-wear properties is anticipated to drive the global
slide way oil market growth over the forecast period. Preventive maintenance incorporating the
use of slideway oils is used by the companies for industrial machinery maintenance in order to
reduce the operational costs. Emerging machinery demand by industries such as food &
beverages and automotive for slideway lubricants including industrial, metal working and
processing fluids is expected to fuel product demand.
Technological advancements have led to the development of products possessing anti slip and
pressure handling properties. Adoption of these products facilitates resistance to oxidation,
foaming and rusting and has major application in cold heading applications. Increasing shelf of
machinery and efficiency coupled with reduction in down time are significant benefits of using
the slideway oils. Owing to superior adhesion properties, oil consumption significantly reduces
by the use of slideway applications. The major challenges for the industry are compliance with
the stringent government regulations including EPA, EU & REACH along with confronting high
prices associated with the raw materials.
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Dealing with contamination from water based coolants and metalworking fluids pose another
challenge which is primarily associated with the product usage. Companies are focusing on
overcoming frictional challenges by shuddering and resistance which in turn is expected to
create significant growth opportunities for the industry over next seven years. Technological
proliferations have led to the emergence of ISOVG 68, ISO VG 100, ISO VG 32 and ISO VG 220.
These products grades exhibit different viscosities which makes them applicable in various
sectors. Owing to the increasing use of horizontal slideways, ISO VG 68 is widely adopted
worldwide.
Large machines prominently utilize the product for circulating applications. Due to high
lubrication properties, this technology is extensively employed as moderate duty hydraulic fluid
and used in manufacturing gear oil. High pressure and precision working conditions essentially
deploy ISO VG 220 which is anticipated to grow at CAGR of more than 5% over the next eight
years. Inclined and vertical slide way also use ISO VG 220 to overcome the drain down problem,
thereby contributing to the overall market growth.
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Growing automotive production in Indonesia, Japan, India, South Korea, Malaysia, Taiwan and
China is anticipated to increase the regional demand. Advancements in road & rail network and
rapid economic growth coupled with increasing government spending on infrastructural
developments may further catapult the industry growth over the forecast period. India is
anticipated to witness high demand for product owing to increasing industrialization along with
government support for vehicle manufacturing. Emerging consumer needs for personal &
commercial conveyance has led to the increasing demand for components and vehicle
production which in turn may propel the product demand. Due to 100% FDI in automobile
sector, the manufacturing sector is expected to witness growth which in turn will hike the
sideway oil product segment over the forecast period.
Need for machinery in the end use industries such as automotive, construction and food &
beverage may significantly fuel the demand in North America. Key players in the market include
ExxonMobil, Fuch, Shell, Chevron, Valvoline, Castrol, Sinopec and BP. 40% of the total demand
is catered by Shell, BP, ExxonMobil, and Fuch. These companies are increasingly adopting the
strategy of joint ventures, business sell offs and technological advancements in order to gain
competitive edge.

Market Segment:
Global Slideway Oil Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
• ISO VG 68
• ISO VG 220
• Others
Global Slideway Oil Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
• North America
• U.S.
• Europe
• UK
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• MEA
• UAE
• Saudi Arabia
• Qatar
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