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Aluminum Rolling Oils Market Introduction

  • Aluminum rolling and foiling is a highly complex process. A multitude of factors and parameters are involved in the process; rolling oil is one of them.
  • Aluminum rolling oil is the major component of the rolling system, accounting for more than 90% of the total lubricant volume. It functions as a solvent for rolling additives (consisting of non-polar hydrocarbons). It also functions as a cooling medium and provides a hydrodynamic lubricating film. Its viscosity has significant effect on the quantity of lubricants entering the roll bite and the control of the rolling operation.
  • In terms of process, the hot rolling process segment is expected to expand at significant pace during the forecast period. Hot rolling process is used in the preparation of steel bars. It is used in situations where precise shapes and tolerances are not required.

Key Drivers of Aluminum Rolling Oils Market

  • Increase in demand for aluminum and steel in the automotive industry across the globe is expected to drive the aluminum rolling oils market during the forecast period. Aluminum rolling oil is a premium quality and low viscosity straight mineral oil used for cold rolling oil operation of aluminum sheets, strips, or foils. It is non-staining, non-corrosive, and has good additive solubility for various solvents. Many automotive manufacturers use aluminum rolling oil for smooth production process.
  • Rise in demand for lubricants in various industries and increase in aluminum production across the globe are expected to drive the market during the forecast period. The industrial lubricants industry is reforming its supply channels and marketing policies. Increase in local & foreign investments in the industrial sector is anticipated to boost the demand for aluminum rolling oils over the next decade. Additionally, increase in production of aluminum and steel sheets is expected to drive the aluminum rolling oils market during the forecast period.

Aluminum Rolling Oils Market Restraints

  • Fluctuation in prices of raw materials is projected to hamper the global aluminum rolling oils market. Raw materials such as alumina, lubricating oils, and bauxite are used in preparation of aluminum rolling oils. These raw materials are experiencing unstable prices, as the supply chain has been disrupted due to the COVID-19 pandemic. These raw materials experience periodic fluctuation in demand. This significantly affects their prices.
  • Dearth of universal directives pertaining to applications of aluminum rolling oils is also likely to hamper the market in the near future. Every country has different directives and legislations pertaining to the use of aluminum rolling oils. Companies find it difficult to meet these country-wise directives and legislations. This can discourage investment in the aluminum rolling oils market, thereby adversely affecting the market.

Covid-19 Impact on Aluminum Rolling Oils Market

  • Aluminum rolling oils plays an important role in various end-user industries such as automotive, manufacturing, and electrical & electronics. Many production facilities of these end-user industries have been halted due to the COVID-19 pandemic. This has adversely affected the demand for aluminum rolling oils.
  • Key players operating in the aluminum rolling oils market are primarily tier I and tier II manufacturers and suppliers. Manufacture and supply chain facilities of these companies have spread across various countries in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Many of these players have halted their production output over the last few months due to the COVID-19 pandemic. The pandemic has negatively impacted the demand and supply chain of these materials. Thus, demand for aluminum rolling oils is expected to decline by the end of 2020.

Asia Pacific to Hold Major Share of Global Aluminum Rolling Oils Market

  • In terms of region, the global aluminum rolling oils market can be split into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America
  • Asia Pacific is projected to hold significant share of the global aluminum rolling oils market in terms of consumption during the forecast period. End-user industries such as automotive, health care, and electrical & electronics are rapidly expanding in the region. Rise in disposable income and improvement in standard of living in many countries in Asia Pacific are boosting the demand for consumer electronics. This, in turn, is augmenting the demand for aluminum rolling oils. Additionally, rise in production and sale of passenger vehicles in China, India, Japan, and South Korea is expected to boost the consumption of aluminum rolling oils in automotive applications, thereby boosting the market in these countries.
  • North America is expected to account for vital share of the global aluminum rolling oils market during the forecast period owing to presence of major automotive players and expansion in the electrical & electronics industry in the U.S. and Canada

Prominent Players in Global Aluminum Rolling Oils Market

Major players operating in the global aluminum rolling oils market are adopting various organic and inorganic growth strategies such as joint ventures, mergers & acquisitions, expansion, collaborations, new product launches, strategic alliances, and research and development to increase their regional presence and business operations. Key players operating in the market include:

  • Exxon Mobil Corporation
  • Indian Oil Corporation Limited
  • Croda International Plc
  • Quaker Chemical Corporation
  • Jiangsu Gaoke Petrochemical Co., Ltd.
  • Etna Products, Inc.
  • Houghton International Inc.
  • Petroyag
  • Eastern Petroleum Pvt. Ltd.
  • Ricci S.p.A

Research Scope; Aluminum Rolling Oils Market

Aluminum Rolling Oils Market, by Process

  • Hot Rolling Process
  • Cold Rolling Process

Aluminum Rolling Oils Market, by Aluminum Type

  • Sheet
  • Foil
  • Plate

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Aluminum Rolling Oils Market

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