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) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
Penetrating Oil Market Outlook
The global penetrating oil market size 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, 2020-2027.
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.
Penetrating Oil 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.
Penetrating Oil Market Segment Insights
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.
Type Segment Analysis
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.
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.
Oil/Fluid Segment Analysis
Definition
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.
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.
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.
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 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.