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.
The global Quenching Oil industry has a low concentration. The major manufacturers are concentrated in China, North America, Europe and Japan, such as Gulf Oil-Houghton, Idemitsu Kosan, FUCHS, JX Holding and Mobil Industrial Lubricants. At present, Gulf Oil-Houghton is the world leader, holding 10.55% production market share in 2017.
The global consumption of Quenching Oil increases from 428.3 K MT in 2013 to 493.1 K MT in 2017, at a CAGR of more than 3.58%. In 2017, the global Quenching Oil consumption market is led by North America and North America accounting for about 29.60% of global consumption of Quenching Oil.
Quenching Oil can be mainly divided into Ordinary Quenching Oil, Quick Quenching Oil, Speeding Quench Oil and Quick and Bright Quenching Oil which Ordinary Quenching Oil captures about 41.87% of Quenching Oil market in 2017.
According to this study, over the next five years the Quenching Oil market will register a 3.2% CAGR in terms of revenue, the global market size will reach US$ 1150 million by 2024, from US$ 950 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Quenching Oil business, shared in Chapter 3.
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.
This study considers the Quenching Oil value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Ordinary Quenching Oil
Quick Quenching Oil
Speeding Quench Oil
Quick and Bright Quenching Oil
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Metallurgical Industry
Transportation
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Gulf Oil-Houghton
Idemitsu Kosan
FUCHS
JX Holding
Mobil Industrial Lubricants
LUKOIL
Dow
Valvoline
BP Castrol
Chevron
Total S.A.
ConocoPhillips
CPC
Eni
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Quenching Oil consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Quenching Oil market by identifying its various subsegments.
Focuses on the key global Quenching Oil manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Quenching Oil with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Quenching Oil submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Quenching Oil . Industry analysis & Market Report on Quenching Oil is a syndicated market report, published as Global Quenching Oil Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Quenching Oil market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.