Global Aluminum Extrusion Lubricants Market: Introduction
Metal forming includes a major group of the manufacturing process, where formation can change the shape of the metal workpieces. The extrusion process is used to convert solid blocks of metals into different surface orientation. In the construction and automotive industries, the aluminum extrusion process is majorly used. To satisfy the requirement for parts of high quality, the process requires lubricants. The lubricants ensure the lubrication between mould and metal during the casting of aluminum billets or plates. The lubricants are differed according to their chemical composition, viscosity and melting point. Examples of few lubricants are boron nitride (BN), acetylene torch, petroleum oils, graphite-based lubricants, water-based organic solutions, synthetic neat oil and many more. In terms of appearance, lubricants are in electrostatic powder or in liquid form. These lubricants are non-conductive and relatively inert and expensive.
Primary applications of aluminum extrusion lubricants are in billet end, dummy block, as well as shear and all aluminum machines. Moreover, these lubricants have a wide range of applications in numerous end-use sectors such as in construction, automotive, food & beverages, electronics, and solar renewable energy industries, among others.
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Global Aluminum Extrusion Lubricants Market: Dynamics
The construction industry has witness a high growth in the past decade. This has enforced to adopt new technologies in the construction industry, which in turn is expected to drive the growth of the aluminum extrusion lubricants market over the forecast period. Increasing preference for lightweight automotive components and rising the demand for metalworking fluids in a region is important to get an overview of the market. Rising investment in research and development for better quality parts and to improve aluminum extraction lubricants efficiency is expected to drive the growth of the global aluminum extrusion lubricants market over the forecast period.
However, owing to various environmental hazards caused by thermal instability of solvents (solvent-based lubricant) at high temperature is expected to restrain the growth of the global aluminum extrusion lubricants market during the forecast period. Besides, strict environmental regulations associated with the use of aluminum extraction lubricants and economic slowdown are the factors expected to negatively impact the growth of the global aluminum extrusion lubricants market over the forecast period.
Global Aluminum Extrusion Lubricants Market: Segmentation
The global aluminum extrusion lubricants market is segmented on the basis of product type, end-use, application and regions.
On the basis of product type, the global aluminum extrusion lubricants market is segmented as:
- Boron Nitride (BN)
- Water based organic solutions
- Graphite based lubricants
- Synthetic neat oils
On the basis of application, the global aluminum extrusion lubricants market is segmented as:
- Bridge Decking
- Anti-radar POD
On the basis of end-use industry, the global aluminum extrusion lubricants market is segmented as:
- Food & beverages
- Renewable energy Industries
Global Aluminum Extrusion Lubricants Market: Regional Outlook
On the basis of geography, the aluminum extrusion lubricants market is segmented into seven key regions, namely North America, Latin America, Eastern Europe, South East Asia Pacific, Western Europe, the Middle East & Africa, and Japan. Over the past two decades, the aluminum industry in North America has achieved tremendous progress in sustainability. Due to this, North America is expected be a dominant region in the global market for aluminum extrusion lubricants market over the forecast period. Europe is expected to one of the growing regions in the global aluminum extrusion lubricants market, owing to the growth of the construction industry. Also, APAC is estimated to be a large market for aluminum extrusion lubricants due to developing conditions and large consumer base.
Global Aluminum Extrusion Lubricants Market: Key Players
Examples of some of the key players identified across the value chain of the global aluminum extrusion lubricants market are:
- Aluminium Martigny France
- Saint-Gobain Boron Nitride
- OEST Group Germany
- Sunlube India Pvt Ltd
- AMCOL Corporation
- METALLOID CORPORATION, INC
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