A number of factors have boosted the demand for forging lubricants over the forecast period. There has been significant improvement in die life. A large amount of raw material is injected into complex dies. As a result, due to the complexity of dies, all the parts of dies are not uniformly cooled. To improve the efficiency of parts, a number of complex forging dies are being manufactured, which lead to the deposition of materials in complex geometries. As a result, there has been a growing need of forging lubricants to cope with uneven cooling and thermal management and easy removal of forged parts.
The global forging lubricants market experienced growth at the rate of 1.2% CAGR between 2017 and 2023 to reach a market valuation of US$ 5.8 billion at the end of 2023. Worldwide demand for forging lubricants is predicted to increase at 3.7% CAGR to reach US$ 8.7 Billion by 2033-end.
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Key Segments in Forging Lubricants Industry Survey
- Forging Lubricants Market by Product Type :
- Water-based Forging Lubricants
- With Graphite
- Without Graphite
- Oil-based Forging Lubricants
- Graphite Oil
- Coating-based Forging Lubricants
- Glass Powder
- Dry Molybdenum
- Water-based Forging Lubricants
- Forging Lubricants Market by Forging Material :
- Titanium Alloy
- Super Alloys
- Forging Lubricants Market by Process Type :
- Hot Forging
- Cold Forging
- Forging Lubricants Market by Forging Operation :
- Mechanical Press
- Hydraulic Presses
- Circular & Radial Rolling Mill
- Horizontal Press
- Forging Lubricants Market by Region :
- North America
- Latin America
- East Asia
- South East Asia & Oceania
- Middle East & Africa
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Key Companies Profiled
- Henkel Corporation
- Chem-Trend L.P
- Quaker Chemical Corporation
- Houghton International Inc.
- Moresco Corporation
- The Hill and Griffith Company
- CONDAT Group
- Chemtool Incorporated
- Fuchs Lubritech GmbH
- Molygraph Engineered lubricants
- APV Engineered Coatings
- James Durrans Group
- Chem Arrow Corporation
- Acme Refining LLC
- Lubgraf Synoils
- Advanced Technical Products
- Hardcastle Petrofer Pvt. Ltd
Essential Takeaways from the Market Report
- Comparison of prominent players operating in the market.
- Identification of Forging Lubricants market drivers, restraints and other forces impacting the global Market
- Recent developments and key strategies adopted by market players.
- Study of the micro and macro-economic growth indicators.
- Impact of the various factors on the value chain of the market.
- Evaluation of current Forging Lubricants market size and forecast and technological advancements within the industry.
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The Report Covers Exhaustive Analysis On:
- Forging Lubricants Market Drivers, Segments and Restraints.
- Forging Lubricants Market Survey and Dynamics
- Forging Lubricants Market Size & Demand
- Forging Lubricants Key Trends/Issues/Challenges
- Forging Lubricants Sales, Competition & Companies involved
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