Slideway Oil Market Research Methodology, Manufacturing Cost Analysis By 2022

Slideway Oil Market Research Methodology, Manufacturing Cost
Analysis By 2022
“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.”
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. 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.
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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.
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.
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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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