Cold Rolling Oils/ Lubricants Market is Projected to Rise at a CAGR of 5.6% and end up with a Revenue of US$ 18.2 Bn by Year 2028-end. Get Recent Insights from Future Market Insights, Inc.

North American cold rolling oils/lubricants market holds a market share of 13.1% in 2022. Increased Production for Aluminum and Steel to Shoot Up Demand in the Cold Rolling Oils/ Lubricants Market. Market Study on Rolling Lubricants: Steel Sector to Remain Key End User Over Coming Years.

NEWARK, Del., Nov. 9, 2022 /PRNewswire/ -- The global cold rolling oils/ lubricants market is projected to reach a value of US$ 18.2 Bn in 2028, with demand growing at a standard CAGR of 5.6% from 2022 to 2028. In 2022, the target market is expected to reach an estimated US$ 14.5 Bn. Cold rolling oils/ lubricants are in high demand from the automotive and transportation sectors. In addition, accelerated urbanization and industrialization boost the demand for the cold rolling oils/ lubricants market during the forecast period.

The growing automotive, transportation and construction sector across the globe amplify the demand for cold rolling oils/ lubricants. An upsurge in demand for steel and aluminum sheets, among others, from automotive and construction sectors will, in turn, aid the growth of the target market during 2022-028. The automotive industry, particularly, has contributed to this spike in demand for steel and aluminium, and has extensively shaped the demand for the target market over the upcoming years.

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Moreover, the increasing investments in the industrial sector, rise in production of metals like steel and aluminium, advancing research and development of synthetic lubricants, shifting requirements for different cold rolling processes, rapid industrialization in emerging economies, and growing technological advancements are certain factors that will likely boost the global sales of the cold rolling oils/ lubricants market during the next few years.

Again, rising FDI in the industrial and construction sector, a surge in disposable income, swift urbanization are driving the demand for cold rolled products, which ultimately bolsters the sales of cold rolling oil.

"Surging demand for aluminum sheet, steel sheet, and others from automotive and construction sector will likely augment the global growth of the cold rolling oils/ lubricants market over the forecast period," says an FMI analyst. 

Key Takeaways:

• Fluctuating raw material prices and decreasing supply of crude oil may stymie the market growth.
• In 2022, the cold rolling oils/ lubricants market in North America will account for 13.1% of the overall market share.
• High industrialization in India and China will propel the Asia Pacific cold rolling oils/ lubricants market growth.
• Presently, China holds about 44.7% of the global cold rolling oils/ lubricants market share.
• The synthetic rolling lubricants will have a lucrative prospect during 2022-2028.

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