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Global Quenching Oil Market is projected to exhibit a CAGR of 4.75% between 2017 and 2024

Author: QYResearch | Publish date: 2018-05-31 | Views: 9
The Quenching Oil industry was 951 million USD in 2017 and is projected to reach 1316 million USD by 2024, at a CAGR (Compounded Annual Growth Rate) of 4.75% between 2017 and 2024. The market is driven by various end-user industries, such as Metallurgical Industry, Transportation and Others.


The industry is dispersion. The key manufacturers include Gulf Oil-Houghton, Idemitsu Kosan, FUCHS, BP Castrol, JX Holding, Mobil Industrial Lubricants and so on. Among them, Gulf Oil-Houghton and Idemitsu Kosan are the leaders.


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.


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. The North America Quenching Oil market size was 301 million USD in 2017 and it will be 387million USD in 2024, with a Growth Rate 3.62% from 2017 to 2024.


Global market is expected to witness significant growth on account of rising applications, so in the next few years, Quenching Oil consumption will show a trend of steady growth. In 2024 the consumption of Quenching Oil is estimated to be 644 K MT. On product prices, the slow downward trend in recent years will maintain in the future.


The Global Quenching Oil Market Research Report 2017 report released by QYResearch provides a basic overview of the Quenching Oil industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.


The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Quenching Oil industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.


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