Forging Lubricant Industry Analysis in Europe

Study on Forging Lubricants in Europe by Water-,Oil-, and Coating-Based for Mechanical Press, Hydraulic Press, Hammers, Circular & Radial Rolling Mills, and Horizontal Press from 2024 to 2034

Analysis of Forging Lubricant Industry Covering Countries Includes Analysis of Germany, France, Italy, Spain, United Kingdom, BENELUX, Russia, and Rest of Europe

Forging Lubricant Sales Outlook for Europe (2024 to 2034)

Demand for forging lubricants in Europe is estimated to reach a market valuation of US$ 1.76 billion in 2024, according to a detailed market analysis published by Fact.MR. The European market is forecasted to advance at a CAGR of 2.8% and reach US$ 2.33 billion by the end of 2034.

Europe has a well-established automotive industry, which heavily depends on forging processes for the production of numerous components. With the expansion of the automotive industry, an increased demand for forging lubricants is also experienced to facilitate effective forging operations.

Constant advancements in forging technology are projected to lead to increased productivity, improved efficiency in the forging process, and better surface finish. Moreover, the usage of advanced lubricants customized according to modern forging techniques is forecasted to become essential for getting optimal results. Implementation of stringent environmental regulations is projected to increase demand for environment-friendly lubricants complying with regulatory standards while helping reduce environmental impact and minimize low volatile organic compound (VOC) emissions.

Growing investments in Europe in renewable energy sources, such as solar power and wind, are projected to generate the demand for forging lubricants, which are compatible with the production processes involved in manufacturing components for renewable energy systems.

Report Attributes Details
Forging Lubricant Sales in Europe (2024E) US$ 1.76 Billion
Projected Sales (2034F) US$ 2.33 Billion
Demand Growth (2024 to 2034) 2.8% CAGR
Sales in Spain (2024E) US$ 174.7 Million
Sales in Italy (2034F) US$ 270.6 Million
Demand Growth for Titanium Alloy-based Forging Lubricants (2024 to 2034) 3.5% CAGR
Market Share of Water-based Forging Lubricants (2034F) >51%
Key Companies Profiled
  • Houghton International
  • Rhenus Hub
  • Castrol
  • ExxonMobil
  • TotalEnergies
  • Quaker Houghton
  • FUCHS Group

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What Factor is Set to Influence Demand for Forging Lubricants in Europe?

“Flourishing Automotive Industry Driving Demand for Forging Lubricants”

For a long period, Europe has been a hub of automotive manufacturing, with the presence of some renowned vehicle manufacturers and assembly plants. European automakers are projected to scale up their manufacturing capacities with the rising demand for vehicles, such as hybrid, electric, etc. This surging production of automobiles is projected to lead to increased requirements for forged components, including axles, gears, and crankshafts, which are pivotal to the assembling process of vehicles.

A majority of automakers are striving to reduce emissions and enhance fuel efficiency in compliance with stringent environmental regulations. The adoption of lightweight components and materials in vehicle design is projected to serve as one of the prevalent strategies to minimize emissions and improve vehicle performance. Forged components are projected to offer exceptional strength-to-weight ratio, therefore making them ideal for lightweight initiatives. Thus, consequently, an increase in the demand for forged parts is encountered in the automotive industry for forming and shaping vehicle components.

Country-wise Insights

Why are Suppliers of Forging Lubricants Eyeing Germany?

“Presence of Well-established Automotive Industry”

Attribute Germany
Market Value (2024E) US$ 500.7 Million
Growth Rate (2024 to 2034) 3.6% CAGR
Projected Value (2034F) US$ 716.3 Million

Germany is well-known for its well-established automotive industry, with the presence of some renowned brands, including Mercedes-Benz, BMW, Volkswagen, etc. Forging lubricants are projected to play a vital role in the manufacturing process of several automotive components, such as axles, gears, and engine parts, which are forged as per precise specifications. With the expansion or modernization of the automotive sector, an increase in the demand for forging lubricants is experienced.

How is Demand for Forging Lubricants Shaping Up in France?

“Growing Inclination for Forging Lubricants in Industrial Machinery Sector”

Attribute France
Market Value (2024E) US$ 437 Million
Growth Rate (2024 to 2034) 3% CAGR
Projected Value (2034F) US$ 590.1 Million

France has a diverse industrial sector, which includes manufacturers of construction equipment, industrial tools, and heavy machinery. Forging lubricants are used as essential tools in the manufacturing of forged parts, which are utilized in these machines. A noteworthy expansion of the machinery sector is forecasted to lead to rising demand for forging lubricants in France in the coming 10 years.

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Category-wise Insights

Which Type of Forging Lubricant is Gaining Prominence?

“Rising Popularity of Water-based Forging Lubricants for Superior Operational Performance”

Attribute Water-based Forging Lubricants
Segment Value (2024E) US$ 882.4 Million
Growth Rate (2024 to 2034) 3.1% CAGR
Projected Value (2034F) US$ 1.20 Billion

There are numerous benefits associated with water-based forging lubricants. They are easier to clean and provide superior operational performance. In addition, water-based graphite lubricants ensure great visibility to operators in comparison to translucent coatings, which are a bit difficult to observe. In addition, water-based lubricants are odor-free and generally diluted with water.

Graphite-based water lubricants are more economical than coating- and oil-based forging lubricants. Moreover, water-based lubricants do not evaporate easily and offer better tool protection.

Why is the Hot Forging Process Becoming More Popular in the European Market?

“Rising Adoption of Hot Forging Process to Speed-up Production Capacities”

Attribute Hot Forging
Segment Value (2024E) US$ 1 Billion
Growth Rate (2024 to 2034) 2.6% CAGR
Projected Value (2034F) US$ 1.29 Billion

The hot forging process is forecasted to be preferred more by end users as certain operational characteristics and desired benefits of end products are obtained through this procedure only. This process decreases the required energy level and flow stress to manufacture metal, therefore helping in increased production speed. In addition, hot forging helps metal become less prone to fracture, which is estimated to contribute to the rising adoption of this process.

Competition Landscape

Fact.MR, a market research and competitive intelligence provider, through its newly published research, mentions that companies operating in the European market are adopting numerous strategies to increase their profit share. Further, the participation of these players in new developments, management of supply chain systems, etc. also helps them secure a position. Some of the prominent suppliers of forging lubricants in the European market include Houghton International, Rhenus Hub, Castrol, ExxonMobil, TotalEnergies, Quaker Houghton, and FUCHS Group.

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Segmentation of Forging Lubricant Study in Europe

  • By Product Type :

    • Water-Based
      • With Graphite
      • Without Graphite
    • Oil-Based
      • Graphite Oil
      • Others
    • Coating-Based
      • Glass Powder
      • Frit
      • Enamel
      • Dry Molybdenum
      • Phosphates
  • By Forging Material :

    • Aluminum
    • Steel
    • Bronze
    • Brass
    • Titanium Alloys
    • Nickel
    • Super Alloys
    • Others
  • By Process Type :

    • Hot Forging
    • Cold Forging
  • By Forging Operation :

    • Mechanical Press
    • Hydraulic Press
    • Hammers
    • Circular & Radial Rolling Mills
    • Horizontal Press
    • Others
  • By Country :

    • Germany
    • France
    • Italy
    • Spain
    • United Kingdom
    • Russia
    • Rest of Europe

- FAQs -

What is the demand valuation for forging lubricants in the European market?

Demand for forging lubricants in the European market is poised to reach a value of US$ 1.76 billion in 2024.

What are the sales projections for forging lubricants by the end of 2034?

Sales of forging lubricants in Europe are anticipated to reach US$ 2.33 billion by the end of 2034.

At what rate is the demand for forging lubricants projected to increase in Europe?

The European market is forecasted to expand at a CAGR of 2.8% from 2024 to 2034.

What will be the share of water-based forging lubricants by 2034?

Water-based forging lubricants are projected to account for more than 51% market share by 2034.

What is the anticipated valuation of the market in Spain for 2024?

Revenue from the sales of forging lubricants in Spain is estimated to reach US$ 174.7 million in 2024.

What is the forecasted CAGR for titanium alloy-based forging lubricants?

Demand for titanium alloy-based forging lubricants is projected to increase at a CAGR of 3.5% from 2024 to 2034.

What size will the market in Italy reach by the end of 2034?

Sales of forging lubricants in Italy are projected to reach US$ 270.6 million by the end of 2034.

Forging Lubricant Industry Analysis in Europe

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