Uploaded on Feb 4, 2021
Penetrating Oil Market
Penetrating Oil Market
Penetrating Oil
Market To Reach USD
38.98 Billion By 2027
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The Increasing demand for Penetrating Oil in the construction and automotive industry is
driving the market growth.
Market Size – USD 19.34 Billion in 2019, Market Growth - CAGR of 9.1%, Market trends –
Growing demand from the APAC region.
The global Penetrating Oil Market is forecasted to reach USD 38.98 Billion by 2027, according to a
new report by Reports and Data. Penetrating oils have low viscosity and are used to free
fasteners or any other parts of a machine that are rusted. These penetrating oils are volatile in
nature. This liquid has the ability to penetrate the pores of the metal and deposit a medium of Oil
that protects the metal against moisture. They also act as cleaning agents. Penetrating Oil
lubricates the product for a short span of time. It reduces friction, but as the fluid contains a
volatile solvent, it can easily get contaminated. After evaporation, they leave a residual film. The
addition of penetrating lubricant additives enhances the longevity of the liquid. The demand for
the market fluid as a cleaning agent is also driving the demand of the market product. Oil can be
used to grease, remove tar, rust, and adhesives.
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Market Summary
Beneficial Aspects of the Report:
North America held a significant market share for penetrating Oil. The U.S. accounts for the largest market
share due to the growing application in the marine and construction industries. The slower value-pool
growth in road transport volume is declining the market share in the region.
The widespread of COVID-19 virus has reduced the demand for the market considerably. The market is
heavily dependent on the automotive and industrial sectors due to the imposition of the lockdown. The
slowdown in manufacturing is negatively affecting the demand for penetrating Oil. Moreover, stringent
regulations in developed regions such as North America and Europe is hindering the market growth.
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Market Summary
Some of the key players operating in the Market include:
ITW, Liquid Wrench, The Claire Manufacturing Company, KANO, AFM Safecoat, WD-40 Company, Super
Lube, RSC Chemical Solutions, American Polywater, and Federal Process Corporation, among others.
Type Outlook (Revenue, USD Billion; 2017-2027)
Straight Oils
Emulsion Fluids / Water Soluble Fluids
Semi-synthetic / Synthetic Fluids
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Market Summary
Further key findings from the report suggest
Application Outlook (Revenue, USD Billion; 2017-2027)
Marine
Construction
Automotive
Agriculture
Others
Additives Outlook (Revenue, USD Billion; 2017-2027)
Extra pressure (EP) additives
Corrosion inhibitors
Micro dispersants
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