Climbing Industrial GVA to Bolster Demand for Forging Lubricants, Says Fact.MR

Defence budgets across the world have surged over the past decade. This has strengthened the demand for defence equipment across major economies such as the United States, China, and Russia, among others. Swelling demand for ammunition also bolsters the demand for forging lubricants. Many developing countries are desirous of acquiring advanced defence technologies and are investing in the establishment of newer defence industrial bases, which would also involve the installation of newer forging equipment.

The forging lubricants market is also being driven by steady demand from automotive manufacturers, who are the primary users of forging lubricants at their manufacturing plants where they forge metals, non-ferrous metals, and different alloys to make highly specialised designs.

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Key Takeaways from Market Study

Water-based forging lubricants have captured half of the global forging lubricants market share.
Coating-based lubricants are poised to create an absolute $ opportunity of US$ 804.8 million by 2032.
Among the applications, hot forging is set to account for the highest consumption of forging lubricants and create an absolute $ opportunity of US$ 1.7 billion.

Among the forging operations, hydraulic press is the fastest-growing segment, forecasted to grow 1.5X in market value by 2032.
Among the regions considered, Europe is set to dominate market revenue in 2022 and create an absolute $ opportunity of US$ 571.4 million by 2032.

Winning Strategy

An important strategy for forging lubricant manufacturers is to set up production facilities in specific locations and invest in the research and development of innovative products to meet the varied demands of end-use industries.

Manufacturers need to increase capacity, focus on sustainability, and aim to deliver innovative products tailored to the individual needs of end users.

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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
Others
Coating-based Forging Lubricants
Glass Powder
Frit
Enamel
Dry Molybdenum
Phosphates

Forging Lubricants Market by Forging Material :
Aluminium
Steel
Bronze
Brass
Titanium Alloy
Nickel
Super Alloys
Others

Forging Lubricants Market by Process Type :
Hot Forging
Cold Forging

Forging Lubricants Market by Forging Operation :
Mechanical Press
Hydraulic Presses
Hammers
Circular & Radial Rolling Mill
Horizontal Press
Others

Forging Lubricants Market by Region :
North America
Latin America
Europe
East Asia
South East Asia & Oceania
Middle East & Africa

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More Valuable Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the forging lubricants market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on lubricant type (water-based (with graphite, without graphite), oil-based (graphite oil, others), coating-based (glass powder, frit, enamel, dry molybdenum, phosphates), forging material (steel, aluminium, bronze, brass, titanium alloy, nickel, super alloys, others), application (hot forging, cold forging), and forging operation (hydraulic press, mechanical press, hammers, circular & radial rolling mill, horizontal press, others), across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

About the Chemicals & Materials Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over a thousand reports and 1 million-plus data points, the team has analysed the chemical and materials industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.

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