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Global Quenching Oil Market: By Type: Slow Speed, Medium Speed, Fast Speed, Special Quenching Oils, Others; By Applications: Metal Industry, Automotive, Construction, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Quenching Oil Market Outlook

The global quenching oil market is expected to grow at a CAGR of 4% in the forecast period of 2021-2026.

 

Quenching Oil Market

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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.

 

Quenching Oil Market by Application

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Quenching Oil: Industry Definition and 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:

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Quenching Oil Market by Region

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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 industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
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, EMR’s 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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Quenching Oil Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Quenching Oil Historical Market (2016-2020) 
    8.3    Global Quenching Oil Market Forecast (2021-2026)
    8.4    Global Quenching Oil Market by Type
        8.4.1    Slow Speed Oil
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Medium Speed Oil
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Fast Speed Oil
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Special Quenching Oils
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Others
    8.5    Global Quenching Oil Market by Applications
        8.5.1    Metal Industry
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Automotive
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Construction
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Others
    8.6    Global Quenching Oil Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis

    12.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Chevron Corporation
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Dow Chemical Company
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Rocky Valley Oil & Chemical Co.
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    CONDAT group 
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Tashoil Company Pvt. Ltd.
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    W.S.Dodge Oil Co. Inc.
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Hindustan Petroleum Corporation Limited
            13.2.7.1    Company Overview
            13.2.7.2    Product Portfolio
            13.2.7.3    Demographic Reach and Achievements
            13.2.7.4    Certifications
        13.2.8    Others
14    Industry Events and Developments

 

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 Figures and Tables

1.    Global Quenching Oil Market: Key Industry Highlights, 2016 and 2026
2.    Global Quenching Oil Historical Market: Breakup by Type (USD Million), 2016-2020
3.    Global Quenching Oil Market Forecast: Breakup by Type (USD Million), 2021-2026
4.    Global Quenching Oil Historical Market: Breakup by Application (USD Million), 2016-2020
5.    Global Quenching Oil Market Forecast: Breakup by Application (USD Million), 2021-2026
6.    Global Quenching Oil Historical Market: Breakup by Region (USD Million), 2016-2020
7.    Global Quenching Oil Market Forecast: Breakup by Region (USD Million), 2021-2026
8.    North America Quenching Oil Historical Market: Breakup by Country (USD Million), 2016-2020
9.    North America Quenching Oil Market Forecast: Breakup by Country (USD Million), 2021-2026
10.    Europe Quenching Oil Historical Market: Breakup by Country (USD Million), 2016-2020
11.    Europe Quenching Oil Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Asia Pacific Quenching Oil Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Asia Pacific Quenching Oil Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Latin America Quenching Oil Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Latin America Quenching Oil Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Middle East and Africa Quenching Oil Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Middle East and Africa Quenching Oil Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    North America Historical Price Trends and Forecast 2016-2026
19.    Europe Historical Price Trends and Forecast 2016-2026
20.    Asia Pacific Historical Price Trends and Forecast 2016-2026
21.    Latin America Historical Price Trends and Forecast 2016-2026
22.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
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 2021 and 2026.

The major drivers of the industry, such as rising disposable incomes, increasing population, rising applications of quenching oil, growing demand for steel, rapid urbanisation, growing construction and mining industries, rising industrialisation, and improving standards of living, are expected to aid the market growth.

The key market trends guiding the growth of the market include the rising implementation of favourable government policies, technological advancements, and increasing research and development activities.

The major regions in the industry 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.

The major application segments in the industry are metal industry, automotive, and construction, among others.

The major players in the industry 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 2021-2026, 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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