The Slideway Oil Market report presents the growing demand for the market in well-established and developing regions, the increasing penetration of the end user industries and the latest technological developments are all together driving the growth of the market. This Slideway Oil Market report validates the assessment and volume of the market. Moreover, the Slideway Oil Market report does the feasibility study, inspects the data sources, barriers and valuable conclusions. This Slideway Oil Market report unveils the different methodologies used to gather the information, approaches used in the research findings, Appendix, conclusion, sales channels and various data sources.
This Slideway Oil Market research report is prepared based on in depth analysis of the market by experts. The insights provided in the report would help stakeholders determine investment suitability and market players to grab opportunities for partnerships, collaborations and agreements. Furthermore, the research delivers a complete analysis of the key segments of the market with help of charts and tables. An overview of each segment such as type, application and region are also provided in the report.
Data Bridge Market Research analyses that the slideway oil market which was growing at a value of 93.48 billion in 2021 and is expected to reach the value of USD 137.06 billion by 2029, at a CAGR of 4.90% during the forecast period.
Definition
Slideway oils are lubricants for table ways and slideways that instantly form a compelling lubricating film, emphasizing superior stick-slip properties. This oil is commonly used in Box Way and Linear Guide systems to address precision and machine toll productivity issues by ensuring smooth, uninterrupted motion of the heavy tooling.
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Key Growth Drivers:
- Growing infrastructural development
Slideway oil is widely used in construction and building for industrial metalworking machinery and tools such as lathes, milling machines, cutting machines, and grinding machines. According to the International Trade Administration, China's construction sector is expected to grow at an annual rate of 8.6% from 2022 to 2030. According to Oxford Economics, global construction output in 2020 was US$10.7 trillion, and it is expected to grow by 42%, or US$4.5 trillion, between 2020 and 2030, to US$15.2 trillion. With the increase in building and construction projects around the world, the demand for slideway oil for various applications such as bearing, machinery and equipment, steel ball, and others is expected to rise.
- High demand from food and beverages industry
Slideway oil market growth is being driven by emerging machinery demand from the food and beverage industry. The oil is ideal for lubricating drive chains, gearboxes, conveyor chains, slideways, and redactor chains in the food and beverage industry. Furthermore, rising demand from the food and beverage industries due to lubrication, anti-wear, and corrosion properties is expected to drive the global slideway oil market.
The report emphasizes the participation of key entities, notably:
- Exxon Mobil Corporation (U.S.)
- Shell (Netherlands)
- Chevron Corporation (U.S.)
- Total Energies (France)
- BP p.l.c (U.K.)
- FUCHS (Germany)
- Phillips 66 Company (U.S.)
- Exol Lubricants Limited (U.K.)
- Witham Group (U.K.)
- Rymax Lubricants (Netherlands)
- Repsol (Spain)
- Cougar Lubricants International Ltd (U.K.)
- Schaeffer Manufacturing Co. (U.S.)
- Pennine Lubricants (U.K.)
- FRONTIER PERFORMANCE LUBRICANTS, INC. (U.S.)
- UNIL (Belgium)
Key Market Perspectives:
- Thorough examination of prevailing market tendencies
- Updates on the latest product advancements and innovations
- Slideway Oil MarketCompound Annual Growth Rate (CAGR) for both historic and forecasted years
- Strategies and activities of prominent players and brands in the field
- Insights into the industry landscape for emerging participants
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Key Market Segmentation
By Product (ISO VG 68, ISO VG 220, ISO VG 32, ISO VG 100, Others), Application (Machinery and Equipment, Bearing, Steel Ball, Other), Base Oil (Mineral Oil Based, Synthetic Oil Based), Slideway Orientation (Horizontal Slideway Lubrication, Vertical Slideway Lubrication, Inclined Slideway Lubrication), End Use Industry (Automobile Industries, Construction Industries, Food and Beverages Industries, Plastic Industries, Mining Industries, Others)
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