Global Aluminum Rolling Oil Market
Global Aluminum Rolling Oil Market Size By Process, By Aluminum Type, By Geographic Scope And Forecast
According to Verified Market Research, the Global Aluminum Rolling Oil Market was valued at USD 45,139.3 Thousand in 2018 and is expected to witness a growth of 5.57% from 2019-2026 and reach USD 68,773.5 Thousand by 2026.
Aluminum rolling oil is a premium quality and low viscosity straight mineral oil specially developed for cold rolling oil operation of aluminum sheets, strip or foils. It is non-staining, non-corrosive, and has good additive solubility for fats & alcohols that are added by the manufacturers for the advantage of smooth productions. Aluminum rolling requires good surface finish. The Rolling oils used in the production of metal cold rolling play an important role in functions such as cooling and rust prevention, which conforms to the modern industrial production requirements including clean production, energy saving, material consumption reduction, and recycling in today’s metal processing industry.
The growing scope of the lubricants industry and aluminum production across the globe is expected to drive the market. The industrial lubricants industry is reforming its supply channels and marketing policies. Over the past few years, factors such as greater internet penetration among the region’s populations have increased online retail usage, wherein lubricant marketers are searching a worthwhile retail platform. According to sources, the market growth rate of lubricants is expected to increase gradually over the forecast period.
Alternatives for aluminum rolling oil are expected to hinder the market growth rate over the forecast period. The reduction of energy consumption and lightweight design is beneficial for the automotive sector. The project is expected to integrate traditional manufacturing methods with modern technologies such as generative design and industrial 3D printing. Such alternatives are expected to hinder the growth rate of the aluminum industry and will likewise act as a restraint for the aluminum rolling oil market as well.
On the basis of process, the market is bifurcated into Hot Rolling Process and Cold Rolling Process. During, cold rolling of aluminum, the rolling is done at a temperature low enough to achieve strain hardening, even when the alloy would feel hot to human sense. This process can be done at room temperature or at a moderately raised temperature. Of course, it takes more energy to roll cold metal than metal which is softened by a high enough temperature. Through cold rolling, a smoother final surface is achieved, while working at different tempers than hot rolling. Cold Rolling Process segment is anticipated to have the largest market share of the market.
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