Honing Oil is an emulsion or solution used to aid in the honing process. The honing process typically demands a high level of precision and extremely tight tolerances at sub-micron levels. Honing oil helps remove debris to ensure operational accuracy along with protecting the abrasive tools in the honing machine.
Honing oil is available in a wide variety of compositions and various levels of viscosity depending upon the process requirement. Although honing oil market account for a relatively small amount of the overall operational cost, the selection of the right honing oil has a significant impact on the honing process, abrasive lifecycle, and product quality.
Honing oil plays a crucial role in the honing process by reducing friction and heat, increasing productivity, and reducing cost. Honing oil can be made from both petroleum-based sources such as mineral oil and non-petroleum-based water and vegetable oils.
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Mineral oil is one of the ideal candidates for honing processes owing to its lightweight and low viscosity along with its non-hardening characteristic. Water-based honing oils are mostly preferred with diamond stone sharpeners.
Furthermore, to improve the operational efficiency and performance of honing oil various specialty lubricity agents and additives are. Further, some of the key desired properties of honing fluids include anti-corrosive, anti-weld, high lubricity, and low cost among others.
Honing Oil Market: Dynamics
The global Honing Oil market is anticipated to experience healthy growth during the forecast period. One of the key factors pushing the growth of honing oil market is the robust growth of the manufacturing industry. Further, honing oil finds it’s another prominent application in the automotive industry mainly for re-conditioning engine cylinder bores and heads.
Recovery and steady growth of the automotive industry and increasing automotive production particularly in developing countries are expected to further fuel the growth of honing oil market during the forecast period. Furthermore, recovering economic growth in European countries is driving investment, and the growth of the manufacturing sector is expected to support the growth of the market during the forecast period.
Moreover, with technological development, increasing demand for high-precision and accurate products is deriving the demand for high-performance lubricants and oils in various industrial verticals. Further, increasing the utilization of high-speed cutting and processing technology to increase productivity requires high-quality fluids and components.
Honing oil manufacturers are focusing on the development of various blends and additives, such as sulfur, rust inhibitors, chlorine, and phosphorous. Further, manufacturers are developing chlorine-free honing oil based on a low aromatic base oil and polarized additives to improve lubricity and efficiency.
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Honing Oil Market: Market Participants
Examples of some of the market participants identified across the value chain of the global Honing Oil market include:
- Sunnen Products Company
- Penrite Oil Company Pty Ltd
- Lansky Sharpeners
- GROWMARK Lubricants
- Mundial Inc.
- Sunbelt Lubricants
- Eurol BV
The research report presents a comprehensive assessment of the Honing Oil market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The Honing Oil market report also contains projections using a suitable set of assumptions and methodologies.
Honing Oil Market: Segmentation
Based on the Source of Origin, the global Honing Oil can be segmented into:
- Petroleum Based (mineral oils)
- Non-Petroleum Based
- Water Based
- Vegetable Oil
Based on Application, the global Honing Oil can be segmented into:
- Drilling
- Grinding
- Tapping & Reaming
- Drawing
- Cutting
- Threading
- Other Machining
Based on the End-use Industry, the global Honing Oil can be segmented into:
- General Manufacturing
- Automotive
- Defense and Aerospace
- Electronic & Electrical
- Ship Building
- Medical & Health Care
- Others
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Honing Oil Market: Regional Overview
Rapid industrialization and urbanization across developing regions such as the Asia Pacific is expected to create lucrative growth opportunities for the growth of honing oil market during the forecast period. Moreover, increasing manufacturing capabilities along with shifting the production base of major manufacturing giants to countries such as India, China, and Indonesia to gain economic benefits and government support through favorable policies and initiatives is expected to support the growth of honing oil market during the forecast period.
Europe and North America market is expected to witness steady growth during the forecast period. Latin America is estimated to be a lucrative region for the growth of honing oil market. The growth of the market is expected to be primarily driven by recovering political and economic outlooks.
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