According to a new research report published by QY Research, the global wire drawing lubricants market was worth US$257.43 mn in 2018 and is expected to be worth US$305.04 mn by the end 2025. The market is expected to surge at a CAGR of 2.87% between the forecast years of 2018 to 2025. The research report on wire drawing lubricants provides an in-depth analysis of the global market. Analysts have studied the emerging trends in the market and analysed the industrial growth that is likely impact trajectory of the global wire drawing lubricants market.
Global Wire Drawing Lubricants Market: Market Driver and Restraint
Applications of wire drawing lubricants are anticipated to create new business segments in the market. Wire drawing lubricants are used in a broad range of carbon steel wire. The companies are focusing on launching products in newer regions. Wire drawing lubricants play an essential role in maintaining good surface finish and long die life. Manufacturers are exploring the potential of wire drawing lubricants in aluminum and alloy wires.
Global Wire Drawing Lubricants Market: Forecast by Application
In terms of application, the global wire drawing lubricants market is segmented into carbon steel wire, stainless steel wire, tire bead & cord, galvanized wire, aluminum and alloy wires, copper wires, and others. Out of these, the tire bead and cord segment accounted for a consumption share of more than 27.12% in 2018. Analysts anticipate that the stainless steel wire segment is likely to register a CAGR of 3.42% during the forecast period.
Global Wire Drawing Lubricants Market: Forecast by Form
In terms of form, the global wire drawing lubricants market is segmented into dry wire drawing lubricants and wet wire drawing lubricants. In terms of volume, the dry wire drawing lubricants segment is expected to remain dominant in the global market throughout the forecast period. Meanwhile, analysts project that the dry wire drawing lubricants segment is likely to generate revenue worth US$26.31 mn between 2018 and 2025.
Global Wire Drawing Lubricants Market: Forecast by Region
In terms of geography, the global wire drawing lubricants market is segmented into North America, China, Europe, Japan, Southeast Asia, Central and South America among others. The report states that Europe leads the global market as this regional market was valued at US$ 151.39 mn in 2018. Analysts predict that will be rise at a moderate CAGR of 2.91% over the forecast period. The North America market is also expected to show a steady CAGR of 2.00% in terms of revenue over the forecast period as consumption improves.
Global Wire Drawing Lubricants Market: Key Players
TRAXIT International, CONDAT, Zeller+Gmelin, Kyoeisha, Adeka, Chemetall, Bechem, Metalube, Aztech Lubricants, Petrofer, Blachford, Holifa and Fuchs are the key vendors included in this report.
Full Report Overview@ https://www.qyresearch.com/index/detail/779866/global-wire-drawing-lubricants-market