Quenching Fluids And Salts Market Report

Market Insights

Quenching Fluids & Salts Market is likely to witness an impressive CAGR of 4.5% during the forecast period. The prime factor that is contributing to the robust demand for quenching fluids & salts is mainly the end-use industries, widespread application of these fluids in the automotive, aerospace & defense, mining, and other industries.

Segment Analysis

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Quenching Fluids & Salts Market Share: By Product Type

Based on the product type, the market is segmented as oils, polymers, and salts. The oils’ segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. There are several types of oils such as low-speed oils, medium-speed oils, fast-speed oils, special quenching oils, and others. Medium speed oils are widely used oil used for hardenability applications, where consistent metallurgical characteristics are required, and the segment is expected to grow during the forecast period.

Quenching Fluids & Salts Market Share: By End-User Industry Type

Based on the end-user industry type, the market is segmented as automotive, aerospace & defense, mining, domestic, and others. The automotive segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. The extensive use of quenching fluids and salts in critical automotive components such as engine components, transmission assemblies, main chassis, rim wheels  is likely to drive the growth of this segment during the forecast period.

Quenching Fluids & Salts Market Share: By Region

In terms of regions, North America is estimated to be the largest as well as the fastest-growing market for quenching fluids & salts during the forecast period. The growth of the market is driven by the growth of various end-use industries, such as aerospace, automotive, defense, and others. The growth of the region’s market can be attributed to the robust demand generated for the quenching fluids & salts market. Besides, the presence of major aerospace manufacturers such as Boeing, Airbus, GE Aviation, and Lockheed Martin Corporation and also, various luxury automotive manufacturers are likely to drive the growth of this market over the forecast period.

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Market Scope & Segmentation

Quenching is a complex process by which the required mechanical properties along with the hardness of a metal component is attained by controlled cooling from high temperature. This process is largely achieved by using immersion of the element or a spray induction process in a bath of fluid.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The quenching fluids & salts market is segmented into the following categories. 

Quenching Fluids & Salts Market Size, Share, & Forecast, by Product Type:

• Oils
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Product Type Analysis: Slow Speed Oils, Medium Speed Oils, Fast Speed Oils, Special Quenching Oils, and Others)
• Polymers
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Product Type Analysis: Inverse Solubility Polymer and Up-concentration Polymer)
• Salts
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Product Type Analysis: Nitrate-Based Salts and Chloride-Based Salts)

Quenching Fluids & Salts Market Size, Share, & Forecast, by Application Type:

• Hot Quenching (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cold Quenching (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Quenching Fluids & Salts Market Size, Share, & Forecast, by End-User Industry Type:

• Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Domestic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Quenching Fluids & Salts Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major players in the quenching fluids & salts market are-

• DuBois Chemicals
• Quaker Houghton
• Petrofer
• Chemtool Incorporated (Dow)
• Chevron Corporation
• CONDAT.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by end-user industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.