Metal Processing Oil Market Pegged for Robust Expansion by 2025

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Metal Processing Oil Market 

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2024

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• Global Engineering, Procurement, and Construction
  Management (EPCM) Market Overview

• Metal process oils are process oils used in metal
  processing for lubrication, cooling, and
  anticorrosion purposes.
• Metals need to undergo several mechanical
  processes such as casting, forging, cutting,
  drawing, and hardening for usage in a particular
  application.
• However, significant amount of heat and friction
  is generated during these processes. This causes
  overheating and wear of worked metal, tools, and
  machine tools. Metal processing oils are used to
  control high temperatures and lower wear and tear
  of tools, machine tools, and forging machines.
• Metal processing oils are largely employed in
  manufacturing processes such as machining, cold
  and hot drawing, forging, broaching, quenching,
  heat treatment, rolling, grinding, and cleaning.

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Opportunities in Market

• Rapid industrialization and expansion of the
  manufacturing sector are expected to drive the
  metal processing oil market across the globe.
• Increase in proclivity toward efficient and
  effective manufacture of metal parts by lowering
  the operating costs is anticipated to boost the
  metal processing oil market in the near future.
• These oils increase the durability of tools and
  dies by reducing friction and heat, ultimately
  lowering the tooling and die manufacture costs.
• Furthermore, growth in the automotive industry is
  estimated to fuel the metal processing oil market
  in developing countries such as India, China,
  Brazil, and South Africa.
• Volatility in prices of oil and gas affects the
  prices of metal processing oil, as crude oil is
  the precursor to their production.

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Metal Processing Oil Market Segmentation

• The metal processing oil market has been
  segmented into straight oils, also known as neat
  oils soluble oils, also known as emulsifiable
  oils semi-synthetic oils and synthetic oils.
• Neat oils or straight oils are mineral based oils
  and occupy significant share of the metal
  processing oil market.
• These oils are used for heavy duty operations
  such as cold drawing and rolling, hobbing, and
  machining.

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Key manufacturers of metal processing oil include

• Exxon Mobil Corporation
• Castrol Limited
• Indian Oil Corporation Ltd
• United Oil Company.

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