Forging Lubricant Industry Analysis in East Asia
Study on Forging Lubricants in East Asia by Water-,Oil-, and Coating-Based for Mechanical Press, Hydraulic Press, Hammers, Circular & Radial Rolling Mills, and Horizontal Press from 2024 to 2034
Analysis of Forging Lubricant Industry Covering Countries Includes Analysis of China, Japan, and South Korea
Forging Lubricant Sales Outlook for East Asia (2024 to 2034)
Sales of forging lubricants in the East Asian market are calculated at US$ 1.42 billion for 2024, as per a newly published market study by Fact.MR. Demand for forging lubricants is projected to increase at 4.5% CAGR and reach a valuation of US$ 2.21 billion by the end of 2034.
Expansion of the automotive industry in East Asia is projected to lead to the rising demand for forged components, which are further driving requirements for lubricants in different forging processes. Noteworthy expansion of the manufacturing sector is attributed to infrastructure development, industrialization, and investments in manufacturing facilities. This is further estimated to generate demand for forging lubricants.
Constant technological advancements in forging technology are projected to lead to the development of various complex components, which need specialized lubricants for effective production. Further, the adoption of novel lubricants with efficient performance characteristics is projected to contribute to revenue share. Implementation of stringent government regulations for environment protection is leading to the adoption of environment-friendly lubricants, including bio-based lubricants.
Growing expenditure in defense along with rising incidences of air travel are leading to the expansion of the aerospace industry. Forged components are pivotal in aerospace manufacturing, thus leading to a subsequent increase in the adoption of specialized lubricants.
| Report Attributes | Details |
|---|---|
| Forging Lubricant Sales in East Asia (2024E) | US$ 1.42 Billion |
| Projected Sales (2034F) | US$ 2.21 Billion |
| Demand Growth (2024 to 2034) | 4.5% CAGR |
| Sales in South Korea (2024E) | US$ 174.8 Million |
| Sales in China (2034F) | US$ 1.59 Billion |
| Demand Growth of Super Alloy-based Forging Lubricants (2024 to 2034) | 5.7% CAGR |
| Market Share of Water-based Forging Lubricants (2034F) | >58% |
| Key Companies Profiled | Kyodo Yushi Co., Ltd.; Nippon Oil Corporation; Idemitsu Kosan Co., Ltd.; China Petrochemical Corporation; Fuchs Petrolub SE |
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What Aspect is Contributing to Rising Adoption of Forging Lubricants in East Asia?
“Rapid Expansion of Manufacturing Sector Increasing Sales of Forging Lubricants”
East Asian countries are at the forefront of industrialization, which is estimated to lead to the growing requirements for forging lubricants to facilitate the production of numerous metal components utilized in diverse industries. The rapid pace of infrastructure development in East Asia, including bridges, urban facilities, ports, railways, and roads needs certain forged components. These components ranging from specialized parts to structural elements of machinery depend on forging lubricants in the manufacturing processes.
Private and government enterprises in East Asia are investing in modernizing and expanding manufacturing facilities across numerous industries. This is projected to include the establishment of some new factories, implementation of more effective manufacturing practices, and upgrading existing facilities with advanced technology and machinery. With the expansion of the manufacturing facilities, an increase in the demand for forging lubricants is experienced to support the manufacturing of forged components.
Country-wise Insights
What is the Contribution of China to East Asia Market Expansion?
“Cost-effectiveness and Efficiency of Forging Lubricants Increasing Product Demand”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 989.9 Million |
| Growth Rate (2024 to 2034) | 4.8% CAGR |
| Projected Value (2034F) | US$ 1.59 Billion |
Forging lubricants are projected to help in the improvement of the efficiency of the forging procedure by minimizing friction between the forging equipment and the metal workpiece. This reduction in friction is projected to lead to less wear and tear of equipment, minimizing energy consumption, and ultimately cost-effectiveness for manufacturers.
Moreover, forging lubricants can help in the prevention of defects, including surface imperfections and cracks in the forged parts with minimized heat and friction. This is estimated to result in improved quality of finished products, which are pivotal for industries, including machinery, aerospace, and automotive, where reliability and precision are paramount. These characteristics of forging lubricants are projected to increase their demand in China.
Why is Japan a Lucrative Market for Forging Lubricant Suppliers?
“Inclination toward Advanced Technological Solutions”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 259.7 Million |
| Growth Rate (2024 to 2034) | 4% CAGR |
| Projected Value (2034F) | US$ 385.1 Million |
Japan is well-known for its technological advancements in numerous industries, such as manufacturing, etc. The development of advanced forging lubricants with superior performance features, including thermal stability, improved lubricity, etc. are projected to make them more appealing to manufacturers in Japan looking for solutions to improve their processes.
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Category-wise Insights
Why are Water-based Forging Lubricants Preferred?
“Operational Efficiency of Water-based Forging Lubricants”
| Attribute | Water-based Forging Lubricants |
|---|---|
| Segment Value (2024E) | US$ 835.7 Million |
| Growth Rate (2024 to 2034) | 5% CAGR |
| Projected Value (2034F) | US$ 1.36 Billion |
A Plethora of benefits is associated with water-based forging lubricants. They are projected to emerge as one of the most preferred lubricants among end users. Water-based lubricants, particularly based on water graphite provide superior operational performance. They are a bit easier to clean off. In addition, the great visibility of these water-based lubricants in comparison to translucent coatings makes them a popular choice among end users.
Pocket-friendly prices of water-based forging lubricants compared to oil- and coating-based ones attract more consumers to adopt them. Better tool protection of water-based forging lubricants also contributes to their popularity.
Which Forging Process Will Generate More Profits for Lubricant Suppliers?
“Increased Adoption of Hot Forging Process to Increase Production Pace”
| Attribute | Hot Forging |
|---|---|
| Segment Value (2024E) | US$ 826.4 Million |
| Growth Rate (2024 to 2034) | 5.2% CAGR |
| Projected Value (2034F) | US$ 1.37 Billion |
The hot forging process is projected to be used by the majority of forging lubricants because of its contribution to getting some desired operational characteristics and benefits in end products. In addition, the process also helps decrease the required energy level and flow stress in the production of metals. The hot forging process helps increase the production pace and assists in shaping metal less prone to any fracture.
Competition Landscape
A newly published research analysis by Fact.MR, a market research and competitive intelligence provider, reveals that manufacturers of forging lubricants in East Asia are incorporating various strategies to expand their footprints and increase profit share. In addition, they are participating in the management of supply chain systems, new developments, etc. Some of the leading suppliers of forging lubricants in the East Asian market are Kyodo Yushi Co., Ltd., Nippon Oil Corporation, Idemitsu Kosan Co., Ltd., China Petrochemical Corporation, and Fuchs Petrolub SE.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Segmentation of Forging Lubricant Study in East Asia
-
By Product Type:
- Water-Based
- With Graphite
- Without Graphite
- Oil-Based
- Graphite Oil
- Others
- Coating-Based
- Glass Powder
- Frit
- Enamel
- Dry Molybdenum
- Phosphates
- Water-Based
-
By Forging Material:
- Aluminum
- Steel
- Bronze
- Brass
- Titanium Alloys
- Nickel
- Super Alloys
- Others
-
By Process Type:
- Hot Forging
- Cold Forging
-
By Forging Operation:
- Mechanical Press
- Hydraulic Press
- Hammers
- Circular & Radial Rolling Mills
- Horizontal Press
- Others
-
By Country:
- China
- Japan
- South Korea
Table of Content
- 1. East Asia Industry - Executive Summary
- 2. East Asia Industry Overview
- 3. Industry Background and Data Points
- 4. East Asia Industry Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 5. East Asia Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, By Product Type
- 5.1. Water-Based
- 5.2. Oil-Based
- 5.3. Coating-Based
- 6. East Asia Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Forging Material
- 6.1. Aluminum
- 6.2. Steel
- 6.3. Bronze
- 6.4. Brass
- 6.5. Titanium Alloys
- 6.6. Nickel
- 6.7. Super Alloys
- 6.8. Others
- 7. East Asia Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Process Type
- 7.1. Hot Forging
- 7.2. Cold Forging
- 8. East Asia Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Forging Operation
- 8.1. Mechanical Press
- 8.2. Hydraulic Press
- 8.3. Hammers
- 8.4. Circular & Radial Rolling Mills
- 8.5. Horizontal Press
- 8.6. Others
- 9. East Asia Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Country
- 9.1. China
- 9.2. Japan
- 9.3. South Korea
- 10. China Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 11. Japan Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 12. South Korea Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 13. Industry Structure Analysis
- 14. Competition Analysis
- 14.1. Kyodo Yushi Co., Ltd.
- 14.2. Nippon Oil Corporation
- 14.3. Idemitsu Kosan Co., Ltd.
- 14.4. China Petrochemical Corporation
- 14.5. Fuchs Petrolub SE
- 15. Assumptions and Acronyms Used
- 16. Research Methodology
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List Of Table
Table 01: East Asia Industry Value (US$ Mn) Analysis, by Product Type, 2018 to 2023
Table 02: East Asia Industry Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 03: East Asia Industry Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 04: East Asia Industry Value (US$ Mn) Analysis, by Forging Material, 2018 to 2023
Table 05: East Asia Industry Value (US$ Mn) Analysis, by Forging Material, 2024 to 2034
Table 06: East Asia Industry Value (US$ Mn) Opportunity Analysis, by Forging Material, 2024 to 2034
Table 07: East Asia Industry Value (US$ Mn) Analysis, by Process Type, 2018 to 2023
Table 08: East Asia Industry Value (US$ Mn) Analysis, by Process Type, 2024 to 2034
Table 09: East Asia Industry Value (US$ Mn) Opportunity Analysis, by Process Type, 2024 to 2034
Table 10: East Asia Industry Value (US$ Mn) Analysis, by Forging Operation, 2018 to 2023
Table 11: East Asia Industry Value (US$ Mn) Analysis, by Forging Operation, 2024 to 2034
Table 12: East Asia Industry Value (US$ Mn) Opportunity Forging Operation, by Process Type, 2024 to 2034
Table 13: East Asia Industry Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 14: East Asia Industry Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 15: East Asia Industry Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 16: China Industry Value (US$ Mn) Analysis, by Product Type, 2018 to 2023
Table 17: China Industry Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 18: China Industry Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 19: China Industry Value (US$ Mn) Analysis, by Forging Material, 2018 to 2023
Table 20: China Industry Value (US$ Mn) Analysis, by Forging Material, 2024 to 2034
Table 21: China Industry Value (US$ Mn) Opportunity Analysis, by Forging Material, 2024 to 2034
Table 22: China Industry Value (US$ Mn) Analysis, by Process Type, 2018 to 2023
Table 23: China Industry Value (US$ Mn) Analysis, by Process Type, 2024 to 2034
Table 24: China Industry Value (US$ Mn) Opportunity Analysis, by Process Type, 2024 to 2034
Table 25: China Industry Value (US$ Mn) Analysis, by Forging Operation, 2018 to 2023
Table 26: China Industry Value (US$ Mn) Analysis, by Forging Operation, 2024 to 2034
Table 27: China Industry Value (US$ Mn) Opportunity Analysis, by Forging Operation, 2024 to 2034
Table 28: Japan Industry Value (US$ Mn) Analysis, by Product Type, 2018 to 2023
Table 29: Japan Industry Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 30: Japan Industry Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 31: Japan Industry Value (US$ Mn) Analysis, by Forging Material, 2018 to 2023
Table 32: Japan Industry Value (US$ Mn) Analysis, by Forging Material, 2024 to 2034
Table 33: Japan Industry Value (US$ Mn) Opportunity Analysis, by Forging Material, 2024 to 2034
Table 34: Japan Industry Value (US$ Mn) Analysis, by Process Type, 2018 to 2023
Table 35: Japan Industry Value (US$ Mn) Analysis, by Process Type, 2024 to 2034
Table 36: Japan Industry Value (US$ Mn) Opportunity Analysis, by Process Type, 2024 to 2034
Table 37: Japan Industry Value (US$ Mn) Analysis, by Forging Operation, 2018 to 2023
Table 38: Japan Industry Value (US$ Mn) Analysis, by Forging Operation, 2024 to 2034
Table 39: Japan Industry Value (US$ Mn) Opportunity Analysis, by Forging Operation, 2024 to 2034
Table 40: South Korea Industry Value (US$ Mn) Analysis, by Product Type, 2018 to 2023
Table 41: South Korea Industry Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 42: South Korea Industry Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 43: South Korea Industry Value (US$ Mn) Analysis, by Forging Material, 2018 to 2023
Table 44: South Korea Industry Value (US$ Mn) Analysis, by Forging Material, 2024 to 2034
Table 45: South Korea Industry Value (US$ Mn) Opportunity Analysis, by Forging Material, 2024 to 2034
Table 46: South Korea Industry Value (US$ Mn) Analysis, by Process Type, 2018 to 2023
Table 47: South Korea Industry Value (US$ Mn) Analysis, by Process Type, 2024 to 2034
Table 48: South Korea Industry Value (US$ Mn) Opportunity Analysis, by Process Type, 2024 to 2034
Table 49: South Korea Industry Value (US$ Mn) Analysis, by Forging Operation, 2018 to 2023
Table 50: South Korea Industry Value (US$ Mn) Analysis, by Forging Operation, 2024 to 2034
Table 51: South Korea Industry Value (US$ Mn) Opportunity Analysis, by Forging Operation, 2024 to 2034
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Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 01: East Asia Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 02: East Asia Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: East Asia Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 04: East Asia Industry Incremental $ Opportunity, 2024 to 2034
Figure 05: East Asia Industry Share and BPS Analysis by Product Type, 2024 & 2034
Figure 06: East Asia Industry Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 07: East Asia Industry Attractiveness Analysis by Product Type, 2024 to 2034
Figure 08: East Asia Industry Share and BPS Analysis by Forging Material, 2024 & 2034
Figure 09: East Asia Industry Y-o-Y Growth Projections by Forging Material, 2024 to 2034
Figure 10: East Asia Industry Attractiveness Analysis by Forging Material, 2024 to 2034
Figure 11: East Asia Industry Share and BPS Analysis by Process Type, 2024 & 2034
Figure 12: East Asia Industry Y-o-Y Growth Projections by Process Type, 2024 to 2034
Figure 13: East Asia Industry Attractiveness Analysis by Process Type, 2024 to 2034
Figure 14: East Asia Industry Share and BPS Analysis by Forging Operation, 2024 & 2034
Figure 15: East Asia Industry Y-o-Y Growth Projections by Forging Operation, 2024 to 2034
Figure 16: East Asia Industry Attractiveness Analysis by Forging Operation, 2024 to 2034
Figure 17: East Asia Industry Share and BPS Analysis by Country, 2024 & 2034
Figure 18: East Asia Industry Y-o-Y Growth Projections by Country, 2024 to 2034
Figure 19: East Asia Industry Attractiveness Analysis by Country, 2024 to 2034
Figure 20: China Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 21: China Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 22: China Industry Value Y-o-Y Growth and Forecast, 2034
Figure 23: China Industry Incremental $ Opportunity, 2024 to 2034
Figure 24: China Industry Share and BPS Analysis by Product Type, 2024 & 2034
Figure 25: China Industry Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 26: China Industry Attractiveness Analysis by Product Type, 2024 to 2034
Figure 27: China Industry Share and BPS Analysis by Forging Material, 2024 & 2034
Figure 28: China Industry Y-o-Y Growth Projections by Forging Material, 2024 to 2034
Figure 29: China Industry Attractiveness Analysis by Forging Material, 2024 to 2034
Figure 30: China Industry Share and BPS Analysis by Process Type, 2024 & 2034
Figure 31: China Industry Y-o-Y Growth Projections by Process Type, 2024 to 2034
Figure 32: China Industry Attractiveness Analysis by Process Type, 2024 to 2034
Figure 33: China Industry Share and BPS Analysis by Forging Operation, 2024 & 2034
Figure 34: China Industry Y-o-Y Growth Projections by Forging Operation, 2024 to 2034
Figure 35: China Industry Attractiveness Analysis by Forging Operation, 2024 to 2034
Figure 36: Japan Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 37: Japan Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 38: Japan Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 39: Japan Industry Incremental $ Opportunity, 2024 to 2034
Figure 40: Japan Industry Share and BPS Analysis by Product Type, 2024 & 2034
Figure 41: Japan Industry Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 42: Japan Industry Attractiveness Analysis by Product Type, 2024 to 2034
Figure 43: Japan Industry Share and BPS Analysis by Forging Material, 2024 & 2034
Figure 44: Japan Industry Y-o-Y Growth Projections by Forging Material, 2024 to 2034
Figure 45: Japan Industry Attractiveness Analysis by Forging Material, 2024 to 2034
Figure 46: Japan Industry Share and BPS Analysis by Process Type, 2024 & 2034
Figure 47: Japan Industry Y-o-Y Growth Projections by Process Type, 2024 to 2034
Figure 48: Japan Industry Attractiveness Analysis by Process Type, 2024 to 2034
Figure 49: Japan Industry Share and BPS Analysis by Forging Operation, 2024 & 2034
Figure 50: Japan Industry Y-o-Y Growth Projections by Forging Operation, 2024 to 2034
Figure 51: Japan Industry Attractiveness Analysis by Forging Operation, 2024 to 2034
Figure 52: South Korea Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 53: South Korea Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 54: South Korea Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 55: South Korea Industry Share and BPS Analysis by Product Type, 2024 & 2034
Figure 56: South Korea Industry Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 57: South Korea Industry Attractiveness Analysis by Product Type, 2024 to 2034
Figure 58: South Korea Industry Share and BPS Analysis by Forging Material, 2024 & 2034
Figure 59: South Korea Industry Y-o-Y Growth Projections by Forging Material, 2024 to 2034
Figure 60: South Korea Industry Attractiveness Analysis by Forging Material, 2024 to 2034
Figure 61: South Korea Industry Share and BPS Analysis by Process Type, 2024 & 2034
Figure 62: South Korea Industry Y-o-Y Growth Projections by Process Type, 2024 to 2034
Figure 63: South Korea Industry Attractiveness Analysis by Process Type, 2024 to 2034
Figure 64: South Korea Industry Share and BPS Analysis by Forging Operation, 2024 & 2034
Figure 65: South Korea Industry Y-o-Y Growth Projections by Forging Operation, 2024 to 2034
Figure 66: South Korea Industry Attractiveness Analysis by Forging Operation, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the projected demand value for forging lubricants in East Asia?
Demand for forging lubricants in East Asia is projected to reach a market value of US$ 1.42 billion in 2024.
What valuation is the East Asian market estimated to reach by 2034?
The East Asian market is projected to reach US$ 2.21 billion by the end of 2034.
At what CAGR is the demand for forging lubricants forecasted to increase?
Demand for forging lubricants in East Asia is projected to increase at 4.5% CAGR from 2024 to 2034.
How much share of the East Asian market is estimated to be held by water-based forging lubricants?
Water-based forging lubricants are set to account for more than 58% share of the East Asian market by 2034.
What is the calculated valuation of the South Korean market for 2024?
Sales of forging lubricants in South Korea are estimated to reach US$ 174.8 million in 2024.
What is the projected demand valuation for forging lubricants in China?
Demand for forging lubricants in China is forecasted to reach a market value of US$ 1.59 billion by the end of 2034.
At what rate is the demand for super alloy-based forging lubricants projected to increase?
Sales of super alloy-based forging lubricants are approximated to rise at a CAGR of 5.7% from 2024 to 2034.
Forging Lubricant Industry Analysis in East Asia