In materials science, quenching is the rapid cooling of a workpiece in water, oil or air to obtain certain material properties. A type of heat treating, quenching prevents undesired low-temperature processes, such as phase transformations, from occurring. It does this by reducing the window of time during which these undesired reactions are both thermodynamically favorable, and kinetically accessible; for instance, quenching can reduce the crystal grain size of both metallic and plastic materials, increasing their hardness.

Quenching oil should have the following characteristics: higher flash point to reduce the risk of fire; lower viscosity, to reduce the oil attached to the workpiece caused by the loss; not easy oxidation, stable performance, to slow down the aging and prolongation Service life.
The global Quenching Oil industry has a low concentration. The major manufacturers are concentrated in China, North America, Europe and Japan, such as Gulf Oil-Houghton, Idemitsu Kosan, FUCHS, JX Holding and Mobil Industrial Lubricants. At present, Gulf Oil-Houghton is the world leader, holding 10.55% production market share in 2017.
The global consumption of Quenching Oil increases from 428.3 K MT in 2013 to 493.1 K MT in 2017, at a CAGR of more than 3.58%. The Global Quenching Oil Market touched xxx million USD with a CAGR xx % from 2018-2022 around the world. In the future, it is predicted to reach xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
As the report focuses on global Quenching Oil Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.

in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.

In Market segmentation by manufacturers, the report covers the following companies-

Gulf Oil-Houghton
Idemitsu Kosan
FUCHS
JX Holding
Mobil Industrial Lubricants
LUKOIL
Dow
Valvoline
BP Castrol
Chevron
Total S.A.
ConocoPhillips
CPC
Eni

In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types covers:

Ordinary Quenching Oil
Quick Quenching Oil
Speeding Quench Oil
Quick and Bright Quenching Oil
Others
In Market segmentation by applications :

Metallurgical Industry
Transportation
Others

Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Quenching Oil Market for the forecast period 2023 - 2030?
• What are the driving forces in the Quenching Oil Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Quenching Oil industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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