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Wire Drawing Lubricants Market will reach 300 million US$ in 2023
Press release from: Global Info Research
New report published by Global Info Research which offers insights on the global Wire Drawing Lubricants market.
Lubrication in the drawing process is essential for maintaining good surface finish and long die life. The following are different methods of lubrication:Wet drawing: the dies and wire or rod are completely immersed in lubricants.Dry drawing: the wire or rod passes through a container of lubricant which coats the surface of the wire or rod.
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Global Wire Drawing Lubricants Market: Forecast by Type / Application / Region
The global Wire Drawing Lubricants industry is a niche market with high technic barrier. The major manufacturers are concentrated in European countries like France, Germany, UK, such as TRAXIT International, CONDAT, Zeller+Gmelin. Kyoeisha and Adeka are leading suppliers in Asia market. At present, TRAXIT International is the world leader in terms of sales volume, holding 22.28% production market share in 2017.
The global Wire Drawing Lubricants consumption market is led by China and China is the largest region consumption market, accounting for about 38.91% of global consumption of Wire Drawing Lubricants. Wire Drawing Lubricants have broad distribution network in the worldwide, however, they tend not to set plants in multiple regions, since demand of specialty lubricants is relatively small.
The Global Wire Drawing Lubricants market size was 247.14 million USD in 2017 and it will be305.04 million USD in 2024, with a Growth Rate of 3.05% from 2017 to 2024. In terms of volume, the Global Wire Drawing Lubricants market size was 82145MT in 2017 and it will be 104045MT in 2024, with a Growth Rate of 3.43% from 2017 to 2024.
The worldwide market for Wire Drawing Lubricants is expected to grow at a CAGR of roughly 3.1% over the next five years, will reach 300 million US$ in 2023, from 250 million US$ in 2017, according to a new GIR (Global Info Research) study.
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United States Wire Drawing Lubricants Market 2018 Forecast to 2023
Europe Wire Drawing Lubricants Market 2018 Forecast to 2023
North America Wire Drawing Lubricants Market 2018 Forecast to 2023
Asia-Pacific Wire Drawing Lubricants Market 2018 Forecast to 2023
China Wire Drawing Lubricants Market 2018 Forecast to 2023
EMEA Wire Drawing Lubricants Market 2018 Forecast to 2023
Global Wire Drawing Lubricants Market 2018 Forecast to 2023
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