Forging Lubricant Industry Analysis in South Asia & Oceania

Forging Lubricant Sales Outlook for South Asia & Oceania (2024 to 2034)

Sales of forging lubricants in South Asia & Oceania are calculated at US$ 870.9 million for 2024 and are projected to reach US$ 1.31 billion by 2034, increasing at a steady CAGR of 4.1% from 2024 to 2034.

Forging lubricants play a crucial role in the metal forging process by reducing friction, preventing wear on tools, and enhancing the overall efficiency of the forging operation. Water-based, oil-based, and coating-based are some of the types of forging lubricants. Environment-friendly, water-based lubricants are commonly used in cold forging applications. They can be mixed with additives, such as polymers, to enhance lubricity and improve tool life. Oil-based lubricants are suitable for both hot and cold forging. They offer good lubrication, cooling, and rust protection.

Popularity of mechanical press in South Asia and Oceania for forging operations can be attributed to several factors combining economic, operational, and technological considerations. Mechanical press is often more cost-effective to purchase and install compared to hydraulic or servo press. This cost advantage is crucial, particularly in areas where budget constraints may influence equipment choices.

• As per the analysis by Fact.MR, a market research and competitive intelligence provider, mechanical press demand in South Asia & Oceania is likely to reach a market value of US$ 343.8 million by 2034.

Mechanical press excels in high-speed and high-volume production scenarios. In industries prevalent in South Asia & Oceania, such as automotive and manufacturing, where mass production is common, mechanical press technologies are well-suited. For forging applications involving simple shapes and relatively straightforward processes, mechanical press solutions can be more than adequate.

Report Attributes	Details
Forging Lubricant Sales in South Asia & Oceania (2024E)	US$ 870.9 Million
Forecasted Sales (2034F)	US$ 1.31 Billion
Demand Growth (2024 to 2034)	4.1% CAGR
Oil-Based Forging Lubricant Sales (2024E)	US$ 116.9 Million
Hot Forging Sales (2034F)	US$ 787.2 Million
Key Companies Profiled	Henkel Corporation Chemtool Incorporated Quaker Chemical Corporation Moresco Corporation

What is the Demand Outlook for Advanced Forging Lubricants in South Asia & Oceania?

“Research and Development Initiatives to Develop Advanced Lubrication Solutions Such As Nano Lubricants”

Ongoing research and development efforts within the forging lubricant landscape are increasingly focused on leveraging nanotechnology to create innovative solutions with enhanced properties. Nanotechnology involves manipulating and engineering materials at the nanoscale. The application of nanotechnology to lubricants is giving rise to a new class of products known as nano lubricants, which are garnering attention for their remarkable performance improvements.

Nano lubricants designed for forging operations exhibit several enhanced properties that contribute to their superiority over traditional lubricants. One key advantage is the improved wear resistance they offer. At the nanoscale, materials can be engineered to form robust protective layers on the surfaces of forging tools. These layers act as barriers, reducing the wear and tear caused by the intense friction and pressure involved in forging processes. This high wear resistance not only prolongs the lifespan of the tools but also enhances the overall efficiency and cost-effectiveness of the forging operation.

“Rapid Industrialization Generating Profitable Opportunities for Forging Lubricant Producers”

The South Asian region, notably India, and Oceania is currently experiencing a phase of rapid industrialization, marked by significant advancements in manufacturing across various sectors. This surge in industrial activities is propelled by several factors, including economic development, increasing foreign investment, and government initiatives aimed at fostering industrial growth. As a consequence of this industrial boom, the manufacturing sector, encompassing key industries such as automotive, aerospace, and general machinery, is emerging as a primary factor boosting the demand for forging lubricants in these areas.

Similarly, Oceania, comprising countries such as Australia and New Zealand, is witnessing a parallel trajectory of industrial growth. Australia, in particular, has a robust mining and manufacturing sector, and its proximity to Asia has positioned it as a significant player in the global supply chain. The demand for forged components, especially in industries such as mining equipment, automotive manufacturing, and aerospace, is increasing, leading to a rising requirement for specialized forging lubricants to optimize the manufacturing processes. All such factors are boosting sales of forging lubricants including mining lubricants, aviation lubricants, automotive lubricants, and rail lubricants.

Country-wise Analysis

Why are Forging Lubricant Manufacturers Attracted to India?

“Manufacturing Boom Driving Consumption of Forging Lubricants”

Attribute	India
Attribute	India
Market Value (2024E)	US$ 340.3 Million
Growth Rate (2024 to 2034)	4.7% CAGR
Projected Value (2034F)	US$ 543.7 Million

In India, the industrial landscape is undergoing a transformative shift with the implementation of economic reforms and policies aimed at promoting a conducive environment for business and investment. The 'Make in India' initiative, launched by the Indian government, is playing a pivotal role in encouraging both domestic and foreign investments in the manufacturing sector. As a result, there is a notable expansion in the production capacities of industries involved in the manufacturing of automobiles, aerospace components, and general machinery, resulting in steady demand for forging lubricants vital in efficient and precise forging processes in diverse manufacturing applications

Will Thailand Be a Profitable Market for Forging Lubricant Suppliers?

“Strong Automotive Manufacturing Sector Driving Steady Demand for Forging Lubricants”

Attribute	Thailand
Market Value (2024E)	US$ 197.5 Million
Growth Rate (2024 to 2034)	4.5% CAGR
Projected Value (2034F)	US$ 308.4 Million

Thailand is a key player in the global automotive supply chain. The expansion of the automotive industry, driven by both domestic and export markets, is a major factor in increasing the sales of forging lubricants. Lubricants play a vital role in the forging of components for vehicles, contributing to the overall quality of manufacturing processes.

Category-wise Analysis

Why is Consumption of Water-Based Forging Lubricants More?

“Strict Environmental Regulations Driving Use of Water-Based Forging Lubricants”

Attribute	Water-Based
Segment Value (2024E)	US$ 428.3 Million
Growth Rate (2024 to 2034)	5% CAGR
Projected Value (2034F)	US$ 702.9 Million

There is growing emphasis on environmentally friendly practices in South Asia & Oceania’s manufacturing sector. Water-based lubricants are considered more environmentally sustainable compared to some oil-based counterparts. The manufacturing industries in South Asia & Oceania, particularly in response to global environmental concerns, are increasingly opting for water-based formulations to align with stricter environmental regulations.

Water-based lubricants are generally safer for workers and operators due to lower levels of volatile organic compounds (VOCs) and other potentially harmful chemicals. This consideration is crucial in industries where worker safety and health are paramount. The use of water-based lubricants helps create a safer working environment for personnel involved in forging operations.

Competitive Landscape

Market leaders in South Asia & Oceania are employing various strategies to enhance their revenue and maintain a competitive edge. Leading companies are expanding their operations globally to tap into diverse markets. This involves establishing a strong distribution network, partnerships, and collaborations with regional distributors, allowing them to reach a broader customer base.

Key market players are also investing in research and development activities to create innovative forging lubricant formulations and attract a larger customer base.

Segmentation of Forging Lubricants Study in South Asia & Oceania

• By Product Type :

  • Water-Based
    • With Graphite
    • Without Graphite
  • Oil-Based
    • Graphite Oil
    • Others
  • Coating-Based
    • Glass Powder
    • Frit
    • Enamel
    • Dry Molybdenum
    • Phosphates

• 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 :

  • India
  • Indonesia
  • Malaysia
  • Thailand
  • Australia & New Zealand
  • Rest of SA