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Quenching Fluids & Salts Market Share

Report ID: GMI4865
Published Date: Jan 2022
Report Format: PDF

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Quenching Fluids & Salts Market Share

The quenching fluids & salts industry players are primarily focused on forming and upgrading their strategic partnerships to drive their revenue generation and market presence. Various industry players associated with the global quenching fluids & salts market are working on expanding their footprints and production capacities. Industry participants are also introducing new products to meet the growing customer expectations.

For instance, in May 2017, CONDAT introduced a new THERMA range of quenching oil, which comply new requirement for the usage of oils. These products are manufactured by utilizing high-refined base oils, which increases the efficiency of the heat treatment process.

Various industry players associated with the quenching fluids & salts market are :

Petrofer
Chevron Corporation
Chemtool Incorporated
Quaker Chemical Corporation
Croda International Plc
Metal Heat Treatment Solutions
CONDAT
FUCHS
Park Thermal International
Castrol Ltd
Idemitsu Kosan Co., Ltd
Total S.A
Exxon Mobil Corporation

Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

The global quenching fluids & salts market share was valued at around $1.7 billion in 2020 and is anticipated to depict a steady CAGR of 5.5% over the forecast period of 2021-2027.

The oil products may register a CAGR of 5.3% in the overall market through 2027 as a wide range of oils are readily available which are used to quench different types of metals, whereas special quenching oils are used to fulfil custom requirements and in various heat treatment processes.

The cold quenching application was valued at more than $1 billion in the quenching fluids & salts industry in 2020 as this process is finding extensive use in a variety of automotive parts, such as fastening tools, springs, and different forged components.

In the overall market, the aerospace & defense sector exceeded a valuation of $220 million in 2020 and is anticipated to go beyond $320 million by 2027 as quenching fluids and salts are used in the heat treatment processes to make crucial components.