Global Steel Wire Drawing Lubricants Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Steel Wire Drawing Lubricants Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Wire drawing lubricants, that is, lubricants when drawing metal wires. In the process of cold drawing deformation of steel wire, Steel Wire Drawing Lubricants can play a role in lubricating performance, reduce friction coefficient, save energy consumption and extend the service life of wire drawing dies. During the drawing process, Steel Wire Drawing Lubricants can also form a lubricating film on the surface of the steel wire to protect the steel wire.

Market Overview:

The latest research study on the global Steel Wire Drawing Lubricants market finds that the global Steel Wire Drawing Lubricants market reached a value of USD 171.33 million in 2022. It’s expected that the market will achieve USD 193.27 million by 2028, exhibiting a CAGR of 2.03% during the forecast period.

Steel Wire Drawing Lubricants Growth Drivers

For Steel Wire Drawing Lubricants products, it is mainly used in the drawing process of low-carbon steel wire, high-carbon steel wire, special alloy steel wire, stainless steel wire and other materials. As a result, the rising demand for metal processing directly promotes the demand for Steel Wire Drawing Lubricants products.

In recent years, with the continuous acceleration of industrialization in developing and developed countries, the automotive, medical engineering, and electronics industries have continuously increased their demand for metal processing products. Take welding wire as an example. The economical production of welding wire and other fine welding wires and ultra-fine welding wires requires a high degree of process stability. The wet lubricants developed by some large Steel Wire Drawing Lubricants product manufacturers for this purpose can provide reliable protection even at high production speeds, prevent wire breakage or wire breakage, and ensure smooth, clean and shiny end faces. Therefore, the welding wire produced can even meet the highest requirements, for example in the automotive, medical engineering and electronics industries.

At the same time, in recent years, with the continuous improvement of residents' per capita income and consumption level, the automobile industry is undergoing rapid development. According to statistics from the International Automobile Manufacturers Association (OICA), global car sales will be 77,971,200 in 2020. From the perspective of sales in all continents, Asia and Oceania are Asia and Oceania are the world's main markets for automobile consumption. In 2020, car sales in Asia and Oceania were 40,107,300, accounting for 51.44% of the world's total. The car sales in North America and Europe were 16,956,800 and 16,705,600 respectively, accounting for 21.75% and 21.43% of global car sales respectively. These two regions are traditional markets for car consumption. In the field of automotive metal processing, Steel Wire Drawing Lubricants can improve the material properties of the wire by providing uniform surface roughness. This helps prevent wire breakage and breakage and stabilize the drawing process. At the same time, it can also achieve a higher wire production speed. As a lubricant film between the wire and the mold, Steel Wire Drawing Lubricants can also reduce friction on the mold. Due to the reduced wear, the temperature is lower, the power consumption is reduced, and the mold life is longer. As a result, the development of the automotive industry is also promoting the continuous development of the Steel Wire Drawing Lubricants market.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

TRAXIT International is one of the major players operating in the Steel Wire Drawing Lubricants market, holding a share of 23.68% in 2021.

TRAXIT International is a global manufacturer of wire drawing lubricants. Its product range includes 300 types of dry lubricants, wet lubricants and coating agents. TRAXIT International has been part of the Freudenberg Group since 2020. In the company network of TRAXIT International, TRAXIT International provides customers with excellent solutions and customer-oriented services, covering all aspects of specialty lubricants for a wide range of applications. At the same time, as a manufacturer of special lubricants for wire drawing, TRAXIT International is the best supplement to Klüber's lubricant product portfolio.

Specialists in surface chemistry, CONDAT designs, produces and sells a complete technical range of lubricants, metal-forming products, coatings and special products. The large range allows for the concept of a global offer based on segmentation by application field.

Segmentation Overview:

Among different product types, Calcium Soap Based Lubricants segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Dry-Wire Drawing Process segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Steel Wire Drawing Lubricants market covered in Chapter 3:

Aztech Lubricants
TRAXIT International
Adeka
Chemetall
Jiangyin Ouyate
Zeller+Gmelin
Kyoeisha
Holifa
Pan Chemicals
Dasheng Guangming Chemical Plant
CONDAT
Blachford

In Chapter 4 and Chapter 14.2, on the basis of types, the Steel Wire Drawing Lubricants market from 2018 to 2029 is primarily split into:

Sodium Soap Based Lubricants
Calcium Soap Based Lubricants
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Steel Wire Drawing Lubricants market from 2018 to 2029 covers:

Wet-Wire Drawing Process
Dry-Wire Drawing Process

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)