Reports
Global Quenching Oil Market Share, Analysis, Forecast: By Type: Slow Speed Oil, Medium Speed Oil, Fast Speed Oil, Special Quenching Oils, Others; By Applications: Metal Industry, Automotive, Construction, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Price Analysis; Competitive Landscape; 2024-2032
Global Quenching Oil Market Outlook
The global quenching oil market is expected to grow at a CAGR of 4% in the forecast period of 2024-2032.
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Increasing Demand in Various End Use Sectors to Aid the Quenching Oil Market Growth
The growing applications of quenching oil in different sectors, including mining, automotive, metal, and processing plants, among others, are driving the growth of the global market for quenching oil. Quenching oils are widely used in these sectors due to their ability to accelerate the process of quenching. These oils can harden various grades of steel used in industrial applications by enhancing its properties like torsion strength, corrosion resistance, and ductility. Thus, the rising demand for steel in various end-use industries, particularly automotive and construction, is significantly boosting the sales of the product.
The developed regions like North America and Europe provide enhanced growth opportunities for the market expansion owing to the presence of high industrial operations in the region. Meanwhile, the developing regions like the Asia Pacific and the Middle East and Africa are expected to be the emerging markets for the product owing to the growing urbanisation and the growth of the end-use industries like construction and mining.
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Quenching Oil: Market Segmentation
Quenching refers to the process of rapid cooling of a substance at high temperature in water, oil, or air to impart certain material properties. The petroleum-based quenching media are non-corrosive and non-toxic. The high-performance quench oils must possess the properties like good chemical and oxidation stability, enhanced thermal conductivity, high flash point, and low volatility. The performance of quenching oil is directly related to its thermal stability and the content of additives. Quenching oil is used to treat steel/metallic parts, ferrous alloys, and finds application in several end-use sectors like automotive and many others.
Based on type, the market is divided into:
- Slow Speed Oil
- Medium Speed Oil
- Fast Speed Oil
- Special Quenching Oils
- Others
Based on application, the industry can be segmented into:
- Metal Industry
- Automotive
- Construction
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Industrialisation and Urbanisation to Bolster the Industry Growth
The growing industrialisation and urbanisation are supporting the growth of the end-use sectors like construction and metallurgy, which is propelling the growth of the quenching oil industry. The growing global population has resulted in enhanced demand for housing, which is aiding the construction sector. The improving standards of living, favourable government policies, growing demand for vehicles, and increased production of steel are also contributing to the industry growth. Owing to technological advancements and growing research and development activities, the various end-use industries are expected to enhance their production operations and capacity, which will significantly contribute to the demand for quenching oil growth in the future. This is expected to be backed by the growing investments by the key players in mergers and acquisitions and cross-industry collaborations.
Key Industry Players in the Global Quenching Oil Market
The report gives a detailed analysis of the following key players in the global quenching oil industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Chevron Corporation
- Dow Chemical Company
- Rocky Valley Oil & Chemical Co.
- CONDAT group
- Tashoil Company Pvt. Ltd.
- W.S.Dodge Oil Co. Inc.
- Hindustan Petroleum Corporation Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Applications, Region |
| Breakup by Type | Slow Speed Oil, Medium Speed Oil, Fast Speed Oil, Special Quenching Oils, Others |
| Breakup by Applications | Metal Industry, Automotive, Construction, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Chevron Corporation, Dow Chemical Company, Rocky Valley Oil & Chemical Co., CONDAT group, Tashoil Company Pvt. Ltd., W.S.Dodge Oil Co. Inc., Hindustan Petroleum Corporation Limited, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Quenching Oil Market Analysis
8.1 Key Industry Highlights
8.2 Global Quenching Oil Historical Market (2018-2023)
8.3 Global Quenching Oil Market Forecast (2024-2032)
8.4 Global Quenching Oil Market by Type
8.4.1 Slow Speed Oil
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Medium Speed Oil
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Fast Speed Oil
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Special Quenching Oils
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Quenching Oil Market by Applications
8.5.1 Metal Industry
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Automotive
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Construction
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Quenching Oil Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Quenching Oil Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Quenching Oil Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Quenching Oil Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Quenching Oil Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Quenching Oil Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.5 Middle East & Africa Historical Price Trends (2018-2023) & Forecast (2024-2032)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Chevron Corporation
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Dow Chemical Company
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Rocky Valley Oil & Chemical Co.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 CONDAT group
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Tashoil Company Pvt. Ltd.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 W.S.Dodge Oil Co. Inc.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Hindustan Petroleum Corporation Limited
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Quenching Oil Market: Key Industry Highlights, 2018 and 2032
2. Global Quenching Oil Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Quenching Oil Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Quenching Oil Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Quenching Oil Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Quenching Oil Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Quenching Oil Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Quenching Oil Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Quenching Oil Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Quenching Oil Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Quenching Oil Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Quenching Oil Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Quenching Oil Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Quenching Oil Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Quenching Oil Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Quenching Oil Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Quenching Oil Market Forecast: Breakup by Country (USD Million), 2024-2032
18. North America Historical Price Trends and Forecast 2018-2028
19. Europe Historical Price Trends and Forecast 2018-2028
20. Asia Pacific Historical Price Trends and Forecast 2018-2028
21. Latin America Historical Price Trends and Forecast 2018-2028
22. Middle East and Africa Historical Price Trends and Forecast 2018-2028
23. Global Quenching Oil Market Structure
Key Questions Answered in the Report
The global quenching oil market is projected to grow at a CAGR of 4% between 2024 and 2032.
The major market drivers include the rising use of quenching oil in metal processing, automotive, and mining applications, the growing demand for steel in various end-use sectors, and rapid industrialisation in emerging economies.
The key trends guiding the market development include increasing construction activities, growing demand for vehicles, technological advancements and innovations, and surging investments in mergers and acquisitions and collaborations by key players.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of quenching oil in the market are slow speed oil, medium speed oil, fast speed oil, and special quenching oils, among others.
Metal industry, automotive, and construction, among others, are the major applications of quenching oil.
The major players in the market are Chevron Corporation, Dow Chemical Company, Rocky Valley Oil & Chemical Co., CONDAT group, Tashoil Company Pvt. Ltd., W.S.Dodge Oil Co. Inc., and Hindustan Petroleum Corporation Limited, among others.
Analyst Review
The global quenching oil market is being driven by rising construction and automotive industries. Aided by technological advancements, the market is expected to witness a moderate growth in the forecast period of 2024-2032, growing at a CAGR of 4%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market is segmented into slow speed oil, medium speed oil, fast speed oil, and special quenching oils, among others. On the basis of application, the industry can be divided into metal industry, automotive, and construction, among others. The major regional markets for quenching oil are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Chevron Corporation, Dow Chemical Company, Rocky Valley Oil & Chemical Co., CONDAT group, Tashoil Company Pvt. Ltd., W.S.Dodge Oil Co. Inc., and Hindustan Petroleum Corporation Limited, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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