Global Penetrating Oil Market

Global Penetrating Oil Market By Type (Industrial Grade and Food Grade), By Oils/Fluids (Straight Oils, Synthetic or Semi-Synthetic Fluids, and Emulsion/Water Soluble Fluids) By Distribution Channel (Offline and Online) By End-user (Automotive, Construction, Food & Beverages, Marine, Agriculture, Military, and Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)

  • Report ID: EP-31
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 26
  • No. Of Pages: 243
  • Format:
  • Pub. Date: 2020-08-01
  • Share:

Market Outlook:

The global penetrating oil market was valued at USD 193.0 million in 2019 and is projected to reach USD around 255.7 million by 2027, expanding at a CAGR of 3.3% during the forecast period. Penetrating oil is a high-quality lubricant that uses a mixture of oils and penetrants. It is formulated to efficiently detach seized and rusted components. It is used to loosen nuts, bolts, screws, studs, pins, valves, pipe couplings, pulleys, and parts of the machineries. It is used to clean rusted surfaces of molds, dies, and heavy tools and to soften or wash carbon residues.

Global Penetrating Oil Market Value

Market Dynamics
The market is driven by factors such as rising awareness and increasing diverse End-users for penetrating oil. Polyurethane is a substitute for penetrating oil; however, it is considered to be hazardous to environment, which in turn, is increasing the demand for green products such as penetrating oil propelling the growth of the market. The shift in consumer preference to use penetrating oil and immense market opportunities in Asia Pacific are the key opportunities for this market during the forecast period. Few restraints for this market are penetrating oil contains petroleum, which is harmful and can damage some materials and it also cannot provide effective long-lasting solution to machine. Also, it is combustible and should be used with caution and it may cause irritation in the eyes, nose and ear.
 

Segmental Outlook

On the basis of types, the market has been bifurcated into industrial grade and food grade. The industrial grade segment dominates the market during the forecast period. The industrial grade segment is primarily used for corrosion resistance and lubrication in a wide range of End-users, such as the automotive, building, marine, and agricultural equipment industries whereas on the other hand the food grade is expected to expand at high CAGR 3.9% due to its increasing awareness in the food & beverages equipment industry.

Global Penetrating Oil Market Attractiveness

Based on oil/fluid, the market has been segmented into straight oil, synthetic or semi-synthetic fluids, and emulsion/water soluble fluids. The emulsion/water soluble fluids segment is projected to constitute more than 44.1% share of market by 2027. The synthetic or semi-synthetic fluids segment is estimated to expand at high CAGR of around 3.6% during the forecast period. In terms of distribution channels, the penetrating oil market has been bifurcated into offline and online. The offline segment accounts for a major share of the market; however, the online segment is expected to grow at a significant pace during the forecast period.

Global Penetrating Oil Market BPS Analysis

Market Trend
The main function of penetrating oil is to loosen fasteners that have either seized or corroded with the usage of devices. Low viscosity of the fluid acts as an advantage for the oil, as the oil allows it to seep and penetrate into crevices and grooves that are present in the given material substrate. These oils are usually mixtures of lubricants and solvents. Solvents help thin the lubricant, increase mobility, and decrease its viscosity. Additionally, the oil helps lubricate various parts for a sufficient amount of time. It is an effective cleaning agent, used to remove grease, adhesives, rust, and tar, and is used to prevent corrosion.

By Type
Definition
Industrial Grade: Industrial Grade is also called direct extrusion or in-line compounding, it is mostly used in the production of semi-finished products such as profiles, plates, films, and tubes. This type of extrusion occurs when the direction of the flow of metal is the same as the movement of the ram. Direct extrusion is one of the most common processes that is used in Penetrating Oils among all the extrusion processes. In this process, a metal billet (work-piece) is pressed in the same direction as the die orifice and the pressure is applied on the billet. The main benefit of this process is its high efficiency and total time duration of extruders, as they are usually limited by the thickness of the metal billet. One of the major drawbacks of the Industrial Grade is that it requires a high amount of force to extrude billet. The force which is used in forward extraction is very high compared to the indirect extrusion due to which high frictional forces are developed by the movement of billet across the entire length of containers.

By Oils/Fluids
Emulsion/Water Soluble Fluids: Emulsion- or water-soluble penetration fluids have a relatively high dilution, and it includes a class of fluids referred to as high water content fluids (HWCF). Soluble oil-containing fluids produce an emulsion when combined with water. These oils are diluted and their concentration levels rise to 10%. These forms of oils are ideal for products that can be contaminated by harsh chemicals in their preparation of high-concentration solvents. The oils are used in diluted forms and their concentration ranges between 3% and 15%. The emulsifier quantity determines the size of oil droplets, usually ranging from 1 μm to 10 μm. Such fluids are commonly used in manufacturing industries and are inexpensive fluids.
 

Regional Outlook

On the basis of regions, the global penetrating market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America is a promising region for the market with major market share of 38.3% in 2019. Growing demand for automotive machines and food & beverage equipment in the US, is expected to boost the demand for penetrating oil during the forecast period. The market in Asia Pacific is expected to expand at a high CAGR of 3.5% due to the rising demand for penetrating oil for agriculture and food & beverages applications.

Global Penetrating Oil Market By Region

Competitive Landscape

  • Key players in the global penetrating oil market includes WD-40 Company, Illinois Tool Works Inc., and Calumet Specialty Products Partners, L.P. These companies are considered as key manufacturers of Penetrating Oil, based on their revenue, research & development activities, regional presence, and supply chain management system.
  • The players are adopting key strategies such as acquisition, and geographical expansion where potential opportunity for the Penetrating Oil extraction is added in the company’s capacity.
  • In 2020, the Calumet Specialty Products Partners, L.P.  has completed the acquisition of Paralogics, LLC, a producer of candle and industrial wax blends. company expands its presence in the specialty wax blending and packaging market
  • In November 2019, Electrolube Limited launched a new range of gap- filling products with excellent thermal performance. GF400 is a two-part, liquid silicone-based gap filler, which can either be cured at room temperature or accelerated with heat.
  • On April 10, 2018, Lubrication Engineers introduced advanced formula turbine oil named Endure Turbine Oil (6481-6482). The advanced formula turbine oil was developed with a blend of highly refined base oils and proprietary additive technology for providing superior oxidate and thermal stability.

Global Penetrating Oil Market By Manufacturers

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Penetrating Oil Market
  • Historical, Current and Projected Market Size in terms of Value
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Penetrating Oil Market Performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Penetrating Oil Market Overview

   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Penetrating Oil Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
      4.2.4 Market Trends
   4.3 Penetrating Oil Market - Supply Chain Analysis
   4.4 Global Penetrating Oil Market Size & Forecast, 2017-2027
      4.4.1 Penetrating Oil Market Size and Y-o-Y Growth
      4.4.2 Penetrating Oil Market Absolute $ Opportunity

Chapter 5 Global Penetrating Oil Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Penetrating Oil Market Size Forecast By Type
      5.2.1 Industrial Grade
      5.2.2 Food Grade
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Penetrating Oil Market Analysis and Forecast By  Oils/Fluids
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By  Oils/Fluids
      6.1.2 Basis Point Share (BPS) Analysis By  Oils/Fluids
      6.1.3 Absolute $ Opportunity Assessment By  Oils/Fluids
   6.2 Penetrating Oil Market Size Forecast By  Oils/Fluids
      6.2.1 Straight Oils
      6.2.2 Synthetic or Semi- Synthetic Fluids
      6.2.3 Emulsion/Water Soluble Fluids
   6.3 Market Attractiveness Analysis By  Oils/Fluids
Chapter 7 Global Penetrating Oil Market Analysis and Forecast By Distribution Channel
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Distribution Channel
      7.1.2 Basis Point Share (BPS) Analysis By Distribution Channel
      7.1.3 Absolute $ Opportunity Assessment By Distribution Channel
   7.2 Penetrating Oil Market Size Forecast By Distribution Channel
      7.2.1 Offline
      7.2.2 Online
   7.3 Market Attractiveness Analysis By Distribution Channel
Chapter 8 Global Penetrating Oil Market Analysis and Forecast By  End-user
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities By  End-user
      8.1.2 Basis Point Share (BPS) Analysis By  End-user
      8.1.3 Absolute $ Opportunity Assessment By  End-user
   8.2 Penetrating Oil Market Size Forecast By  End-user
      8.2.1 Food & Beverages
      8.2.2 Marine
      8.2.3 Automotive
      8.2.4 Construction
      8.2.5 Agriculture
      8.2.6 Military
      8.2.7 Others
   8.3 Market Attractiveness Analysis By  End-user
Chapter 9 Global Penetrating Oil Market Analysis and Forecast by Region
   9.1 Introduction
      9.1.1 Key Market Trends & Growth Opportunities by Region
      9.1.2 Basis Point Share (BPS) Analysis by Region
      9.1.3 Absolute $ Opportunity Assessment by Region
   9.2 Penetrating Oil Market Size Forecast by Region
      9.2.1 North America
      9.2.2 Europe
      9.2.3 Asia Pacific
      9.2.4 Latin America
      9.2.5 Middle East & Africa (MEA)
   9.3 Market Attractiveness Analysis by Region
Chapter 10 Coronavirus Disease (COVID-19) Impact
   10.1 Introduction
   10.2 Market Trends

   10.2 Current Impact Analysis
    10.3 Future Impact Analysis
   10.3 Economic Impact Analysis
   10.4 Government Policies
   10.5 Investment Scenario

Chapter 11 North America Penetrating Oil Analysis and Forecast
   11.1 Introduction
   11.2 North America Penetrating Oil Market Size Forecast by Country
      11.2.1 U.S.
      11.2.2 Canada
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 North America Penetrating Oil Market Size Forecast By Type
      11.6.1 Industrial Grade
      11.6.2 Food Grade
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type

   11.10 North America Penetrating Oil Market Size Forecast By  Oils/Fluids
      11.10.1 Straight Oils
      11.10.2 Synthetic or Semi- Synthetic Fluids
      11.10.3 Emulsion/Water Soluble Fluids
   11.11 Basis Point Share (BPS) Analysis By  Oils/Fluids
   11.12 Absolute $ Opportunity Assessment By  Oils/Fluids
   11.13 Market Attractiveness Analysis By  Oils/Fluids

   11.14 North America Penetrating Oil Market Size Forecast By Distribution Channel
      11.14.1 Offline
      11.14.2 Online
   11.15 Basis Point Share (BPS) Analysis By Distribution Channel
   11.16 Absolute $ Opportunity Assessment By Distribution Channel
   11.17 Market Attractiveness Analysis By Distribution Channel

   11.18 North America Penetrating Oil Market Size Forecast By  End-user
      11.18.1 Food & Beverages
      11.18.2 Marine
      11.18.3 Automotive
      11.18.4 Construction
      11.18.5 Agriculture
      11.18.6 Military
      11.18.7 Others
   11.19 Basis Point Share (BPS) Analysis By  End-user
   11.20 Absolute $ Opportunity Assessment By  End-user
   11.21 Market Attractiveness Analysis By  End-user

Chapter 12 Europe Penetrating Oil Analysis and Forecast
   12.1 Introduction
   12.2 Europe Penetrating Oil Market Size Forecast by Country
      12.2.1 Germany
      12.2.2 France
      12.2.3 Italy
      12.2.4 U.K.
      12.2.5 Spain
      12.2.6 Russia
      12.2.7 Rest of Europe
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Europe Penetrating Oil Market Size Forecast By Type
      12.6.1 Industrial Grade
      12.6.2 Food Grade
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type

   12.10 Europe Penetrating Oil Market Size Forecast By  Oils/Fluids
      12.10.1 Straight Oils
      12.10.2 Synthetic or Semi- Synthetic Fluids
      12.10.3 Emulsion/Water Soluble Fluids
   12.11 Basis Point Share (BPS) Analysis By  Oils/Fluids
   12.12 Absolute $ Opportunity Assessment By  Oils/Fluids
   12.13 Market Attractiveness Analysis By  Oils/Fluids

   12.14 Europe Penetrating Oil Market Size Forecast By Distribution Channel
      12.14.1 Offline
      12.14.2 Online
   12.15 Basis Point Share (BPS) Analysis By Distribution Channel
   12.16 Absolute $ Opportunity Assessment By Distribution Channel
   12.17 Market Attractiveness Analysis By Distribution Channel

   12.18 Europe Penetrating Oil Market Size Forecast By  End-user
      12.18.1 Food & Beverages
      12.18.2 Marine
      12.18.3 Automotive
      12.18.4 Construction
      12.18.5 Agriculture
      12.18.6 Military
      12.18.7 Others
   12.19 Basis Point Share (BPS) Analysis By  End-user
   12.20 Absolute $ Opportunity Assessment By  End-user
   12.21 Market Attractiveness Analysis By  End-user

Chapter 13 Asia Pacific Penetrating Oil Analysis and Forecast
   13.1 Introduction
   13.2 Asia Pacific Penetrating Oil Market Size Forecast by Country
      13.2.1 China
      13.2.2 Japan
      13.2.3 South Korea
      13.2.4 India
      13.2.5 Australia
      13.2.6 Rest of Asia Pacific (APAC)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Asia Pacific Penetrating Oil Market Size Forecast By Type
      13.6.1 Industrial Grade
      13.6.2 Food Grade
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type

   13.10 Asia Pacific Penetrating Oil Market Size Forecast By  Oils/Fluids
      13.10.1 Straight Oils
      13.10.2 Synthetic or Semi- Synthetic Fluids
      13.10.3 Emulsion/Water Soluble Fluids
   13.11 Basis Point Share (BPS) Analysis By  Oils/Fluids
   13.12 Absolute $ Opportunity Assessment By  Oils/Fluids
   13.13 Market Attractiveness Analysis By  Oils/Fluids

   13.14 Asia Pacific Penetrating Oil Market Size Forecast By Distribution Channel
      13.14.1 Offline
      13.14.2 Online
   13.15 Basis Point Share (BPS) Analysis By Distribution Channel
   13.16 Absolute $ Opportunity Assessment By Distribution Channel
   13.17 Market Attractiveness Analysis By Distribution Channel

   13.18 Asia Pacific Penetrating Oil Market Size Forecast By  End-user
      13.18.1 Food & Beverages
      13.18.2 Marine
      13.18.3 Automotive
      13.18.4 Construction
      13.18.5 Agriculture
      13.18.6 Military
      13.18.7 Others
   13.19 Basis Point Share (BPS) Analysis By  End-user
   13.20 Absolute $ Opportunity Assessment By  End-user
   13.21 Market Attractiveness Analysis By  End-user

Chapter 14 Latin America Penetrating Oil Analysis and Forecast
   14.1 Introduction
   14.2 Latin America Penetrating Oil Market Size Forecast by Country
      14.2.1 Brazil
      14.2.2 Mexico
      14.2.3 Rest of Latin America (LATAM)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Latin America Penetrating Oil Market Size Forecast By Type
      14.6.1 Industrial Grade
      14.6.2 Food Grade
   14.7 Basis Point Share (BPS) Analysis By Type
   14.8 Absolute $ Opportunity Assessment By Type
   14.9 Market Attractiveness Analysis By Type

   14.10 Latin America Penetrating Oil Market Size Forecast By  Oils/Fluids
      14.10.1 Straight Oils
      14.10.2 Synthetic or Semi- Synthetic Fluids
      14.10.3 Emulsion/Water Soluble Fluids
   14.11 Basis Point Share (BPS) Analysis By  Oils/Fluids
   14.12 Absolute $ Opportunity Assessment By  Oils/Fluids
   14.13 Market Attractiveness Analysis By  Oils/Fluids

   14.14 Latin America Penetrating Oil Market Size Forecast By Distribution Channel
      14.14.1 Offline
      14.14.2 Online
   14.15 Basis Point Share (BPS) Analysis By Distribution Channel
   14.16 Absolute $ Opportunity Assessment By Distribution Channel
   14.17 Market Attractiveness Analysis By Distribution Channel

   14.18 Latin America Penetrating Oil Market Size Forecast By  End-user
      14.18.1 Food & Beverages
      14.18.2 Marine
      14.18.3 Automotive
      14.18.4 Construction
      14.18.5 Agriculture
      14.18.6 Military
      14.18.7 Others
   14.19 Basis Point Share (BPS) Analysis By  End-user
   14.20 Absolute $ Opportunity Assessment By  End-user
   14.21 Market Attractiveness Analysis By  End-user

Chapter 15 Middle East & Africa (MEA) Penetrating Oil Analysis and Forecast
   15.1 Introduction
   15.2 Middle East & Africa (MEA) Penetrating Oil Market Size Forecast by Country
      15.2.1 Saudi Arabia
      15.2.2 South Africa
      15.2.3 UAE
      15.2.4 Rest of Middle East & Africa (MEA)
   15.3 Basis Point Share (BPS) Analysis by Country
   15.4 Absolute $ Opportunity Assessment by Country
   15.5 Market Attractiveness Analysis by Country
   15.6 Middle East & Africa (MEA) Penetrating Oil Market Size Forecast By Type
      15.6.1 Industrial Grade
      15.6.2 Food Grade
   15.7 Basis Point Share (BPS) Analysis By Type
   15.8 Absolute $ Opportunity Assessment By Type
   15.9 Market Attractiveness Analysis By Type

   15.10 Middle East & Africa (MEA) Penetrating Oil Market Size Forecast By  Oils/Fluids
      15.10.1 Straight Oils
      15.10.2 Synthetic or Semi- Synthetic Fluids
      15.10.3 Emulsion/Water Soluble Fluids
   15.11 Basis Point Share (BPS) Analysis By  Oils/Fluids
   15.12 Absolute $ Opportunity Assessment By  Oils/Fluids
   15.13 Market Attractiveness Analysis By  Oils/Fluids

   15.14 Middle East & Africa (MEA) Penetrating Oil Market Size Forecast By Distribution Channel
      15.14.1 Offline
      15.14.2 Online
   15.15 Basis Point Share (BPS) Analysis By Distribution Channel
   15.16 Absolute $ Opportunity Assessment By Distribution Channel
   15.17 Market Attractiveness Analysis By Distribution Channel

   15.18 Middle East & Africa (MEA) Penetrating Oil Market Size Forecast By  End-user
      15.18.1 Food & Beverages
      15.18.2 Marine
      15.18.3 Automotive
      15.18.4 Construction
      15.18.5 Agriculture
      15.18.6 Military
      15.18.7 Others
   15.19 Basis Point Share (BPS) Analysis By  End-user
   15.20 Absolute $ Opportunity Assessment By  End-user
   15.21 Market Attractiveness Analysis By  End-user

Chapter 16 Competition Landscape
   16.1 Penetrating Oil Market: Competitive Dashboard
   16.2 Global Penetrating Oil Market: Market Share Analysis, 2019
   16.3 Penetrating Oil Market Distributors and Customers

   16.4 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      16.4.1 Aervoe Industries

      16.4.2 American Formulating & Manufacturing
      16.4.3 American Polywater Corporation
      16.4.4 Anti-Seize Technology
      16.4.5 Calumet Specialty Products Partners, L.P.
      16.4.6 CRC INDUSTRIES
      16.4.7 Electrolube
      16.4.8 FedPro
      16.4.9 Illinois Tool Works Inc.
      16.4.10 Kano Laboratories
      16.4.11 Lubrication Engineers
      16.4.12 Miller-Stephenson, Inc.
      16.4.13 Niteo Products
      16.4.14 OKS Spezialschmierstoffe GmbH
      16.4.15 Radiator Specialty Company
      16.4.16 Schaeffer Manufacturing Co.
      16.4.17 Setral Chemie GmbH
      16.4.18 SPRAYON.COM
      16.4.19 Super Lube
      16.4.20 The B'laster Corporation
      16.4.21 The Claire Manufacturing Company
      16.4.22 ThreeBond Holdings Co., Ltd.
      16.4.23 WD-40 Company
      16.4.24 Whitmore Manufacturing, LLC.
Key Segments Covered
By Type
  • Industrial Grade
  • Food Grade
By Oils/Fluids
  • Straight Oils
  • Synthetic or Semi-Synthetic Fluids
  • Emulsion/Water Soluble Fluids
By Distribution Channel
  • Offline
  • Online
By End-user
  • Automotive
  • Construction
  • Food & Beverages
  • Marine
  • Agriculture
  • Military
  • Others

By Region
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Southeast Asia
    • Rest of Asia Pacific (APAC)
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of Middle East & Africa (MEA)
Key Market Players Profiled in the Report
  • Aervoe Industries
  • American Formulating & Manufacturing
  • American Polywater Corporation
  • Anti-Seize Technology
  • Calumet Specialty Products Partners, L.P.
  • CRC INDUSTRIES
  • Electrolube
  • FedPro
  • Illinois Tool Works Inc.
  • Kano Laboratories
  • Lubrication Engineers
  • Miller-Stephenson, Inc.
  • Niteo Products
  • OKS Spezialschmierstoffe GmbH
  • Radiator Specialty Company
  • Schaeffer Manufacturing Co.
  • Setral Chemie GmbH
  • SPRAYON.COM
  • Super Lube
  • The B'laster Corporation
  • The Claire Manufacturing Company
  • ThreeBond Holdings Co., Ltd.
  • WD-40 Company
  • Whitmore Manufacturing, LLC.

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report covers product specific information such as composition development etc.

According to this Growth Market Reports report, the market from Penetrating Oil is likely to register a CAGR of 3.3% during forecast period 2020-2027, with an anticipated to reach around USD 255.7 million by the end of the 2027.

Company Market Share (in % for base year 2019) for penetrating oil market is available in final report.

Rising awareness and increasing diverse applications for penetrating oil and increasing the demand for green products such as penetrating oil propelling the growth of the market.

Construction, Automotive, Food & Beverages, Marine, Agriculture, Military, and Others are the key End-user that are driving the Penetrating Oil market.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The market is expected to decline in-between 2019 and 2020 owing to the adverse effect of COVID-19 pandemic. Disruptive supply chain and country lockdown conditions have forced the manufacturers for temporarily suspension of production which is resulting to declining sales.

The base year considered for the global Penetrating Oil market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.

Major manufactures include, WD-40 Company, Illinois Tool Works Inc., and Calumet Specialty Products Partners, L.P.