Global Quenching Oil Market Growth 2023-2029

Global Quenching Oil Market Growth 2023-2029

In materials science, quenching is the rapid cooling of a workpiece in water, oil or air to obtain certain material properties. A type of heat treating, quenching prevents undesired low-temperature processes, such as phase transformations, from occurring. It does this by reducing the window of time during which these undesired reactions are both thermodynamically favorable, and kinetically accessible; for instance, quenching can reduce the crystal grain size of both metallic and plastic materials, increasing their hardness.

Quenching oil should have the following characteristics: higher flash point to reduce the risk of fire; lower viscosity, to reduce the oil attached to the workpiece caused by the loss; not easy oxidation, stable performance, to slow down the aging and prolongation Service life.
LPI (LP Information)' newest research report, the “Quenching Oil Industry Forecast” looks at past sales and reviews total world Quenching Oil sales in 2022, providing a comprehensive analysis by region and market sector of projected Quenching Oil sales for 2023 through 2029. With Quenching Oil sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Quenching Oil industry.
This Insight Report provides a comprehensive analysis of the global Quenching Oil landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Quenching Oil portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Quenching Oil market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Quenching Oil and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Quenching Oil.
The global Quenching Oil market size is projected to grow from US$ 1017.4 million in 2022 to US$ 1191.5 million in 2029; it is expected to grow at a CAGR of 1191.5 from 2023 to 2029.
Global Quenching Oil key players include Gulf Oil-Houghton, Idemitsu Kosan, CPC, etc. Global top three manufacturers hold a share over 25%.
North America is the largest market, with a share about 30%, followed by China and Europe, both have a share about 28 percent.
In terms of product, Ordinary Quenching Oil is the largest segment, with a share over 40%. And in terms of application, the largest application is Metallurgical Industry, followed by Transportation, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Quenching Oil market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Ordinary Quenching Oil
Quick Quenching Oil
Speeding Quench Oil
Quick and Bright Quenching Oil
Others
Segmentation by application
Metallurgical Industry
Transportation
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Gulf Oil-Houghton
Idemitsu Kosan
FUCHS
JX Holding
Mobil Industrial Lubricants
LUKOIL
DuPont
Valvoline
BP Castrol
Chevron
Total S.A.
ConocoPhillips
CPC
Eni
Key Questions Addressed in this Report
What is the 10-year outlook for the global Quenching Oil market?
What factors are driving Quenching Oil market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Quenching Oil market opportunities vary by end market size?
How does Quenching Oil break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.