Forging Lubricants Market Expected to Deliver Dynamic Progression Until 2028 || Top Growing Industries- Henkel Corporation, Chem-Trend L.P., Quaker Chemical Corporation, Moresco Corporation, The Hill and Griffith Company, Houghton International, Condat Gr
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Global Forging Lubricants Market: Dynamics
A number of factors have boosted the demand for forging lubricants over the forecast period. There has been significant improvement in die life. A large amount of raw material is injected into complex dies. As a result, due to the complexity of dies, all the parts of dies are not uniformly cooled. To improve the efficiency of parts, a number of complex forging dies are being manufactured, which lead to the deposition of materials in complex geometries. As a result, there has been a growing need of forging lubricants to cope with uneven cooling and thermal management and easy removal of forged parts.
One of the major factors restraining the growth of the global forging lubricants market is the additional operation cost associated with the use of lubricants in the forging process. Moreover, the technical constraints related to the viscosity and application of lubricants may in some cases lead to porosity in the forged part.
There has been an increase in the use of water-based lubricants to reduce operational cost and improve thermal management as a significant amount of heat is evolved during the forging process. Forging lubricants also provide additional cooling to the system. Moreover, there has been an increase in the use of robotics for the application of die lubricants.There has also been an increasing trend for the use of magnesium metal for forging with low porosity and high ductility, thereby creating significant demand for forging lubricants over the forecast period.
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Global Forging Lubricants Market: Segmentation
The global forging lubricants market can be segmented on the basis of material type, process type, product type, solvent type and end use industry.
On the basis of material type, the global forging lubricants market can be segmented as:
On the basis of process type, the global forging lubricants market can be segmented as:
On the basis of product type, the global forging lubricants market can be segmented as:
On the basis of solvent type, the global forging lubricants market can be segmented as:
On the basis of end use industry, the global forging lubricants market can be segmented as:
Metal machinery/General manufacturing
Global Forging Lubricants Market: Regional Outlook
The global demand for forging lubricants is anticipated to be dominated by Asia Pacific. With significant growth in metal machinery, automotive and other major end use industries in the region, the global demand for forging lubricants is projected to grow. India and China are projected to hold a dominant share in the global forging lubricants market over the forecast period. Regions such as North America and Europe are projected to witness significant demand for forging lubricants, owing to the increasing regulations pertaining to greenhouse emissions, which will promote the use of forging lubricants for aluminum and steel forging for light vehicles. Other regions such as Latin America are anticipated to witness a significant rise in the demand for forging lubricants, owing to the increasing local and foreign direct investments in the region’s automotive sector. Regions such as the Middle East and Africa and Japan are anticipated to be witness relatively sluggish growth over the forecast period.
Global Forging Lubricants Market: Market Participants
Some of the market participants identified across the value chain of the global forging lubricants market are:
Quaker Chemical Corporation
The Hill and Griffith Company
Houghton International Inc.
Hardcastle Petrofer Pvt. Ltd.
Acme Refining LLC
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The report covers exhaustive analysis on:
Supply & Demand
Current Trends and Issues and Challenges
Competition & Companies involved
Detailed overview of parent market
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In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
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