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3 pivotal trends driving quenching fluids & salts market outlook over 2020-2026

Apr 07, 2021 (Market Insight Reports) --

The latest trends in the quenching fluids & salts market are driven by an upsurge in collaborative strategies by major industry participants.

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Citing an instance, in March 2020, DuBois Chemicals, prominent quenching fluids & salts industry player and a leading supplier of specialty chemicals to the metal working, manufacturing, food & beverage, heat treating, water treatment, and pulp & paper industries, acquired Cimcool organization.

The acquisition enhanced the availability of DuBois's quenching line up in Europe through the CIMCOOL organization. The collaboration is set to combine Cimcool's 70 years of knowledge about the European market with DuBois' 100 years of experience.

Similar developments are touted to push the demand for quenching processes through the forthcoming years. On this note, according to the latest research by Global Market Insights, Inc., the quenching fluids & salts market size is anticipated to surpass $2.31 million through 2026.

This growth is attributed to the rising deployment of various quenching and tempering processes across commercial and residential infrastructure development activities. The increasing demand for heat-treated metal components and metals is expected to foster the growth of the quenching fluids & salts market through the analysis period.

Few major trends boosting quenching fluids & salts industry expansion comprise:

Surging usage in cold quenching applications

Cold quenching applications are extensively utilized in heat treatment processes, considering the availability of numerous products in addition to a wide range of operating temperatures.

The cold quenching application segment accounted for nearly 58 per cent of the overall quenching fluids & salts industry valuation in 2019 and is estimated to record appreciable growth through the forecasted period.

This upsurge is due to the diverse development of novel cold quenchant range processes that comply with strict safety and regulatory norms and their escalating deployment across the automotive industry.

Rising popularity of salt heat treatment quenchant materials and products

The salt heat treatment quenchant segment is expected to depict a substantial CAGR of nearly 4.3 per cent through 2026. The chloride-based and nitrate-based molten salts are utilized in the heat treatment industry.

The increasing popularity of these molten salts is due to their lower costs and the extensive operating temperature range from 150°C to 595°C. These salts are used for iron components, low-distortion quenching of steel, as well as tool steel.

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Growing demand for tooling & infrastructure equipment in the APAC

The Asia Pacific quenching fluids & salts industry is set to record a lucrative growth of nearly 5 per cent by 2026 owing to improving living conditions, growing population, and an escalation in the levels of income.

These factors are expected to accord attractive opportunities to manufacturers across the automotive and electronic industries, positively influencing the penetration of different types of heat treatment processes in the APAC.

The region accounts for nearly 60 per cent share of the global population and is characterized by an escalating demand for tooling, auto parts, & infrastructure equipment.

On the whole, the availability of an extensive range of heat treatment quenching products, offering the customization of concentration, will provide a wide array of alternatives to end users, pushing quenching fluids & salts market size through the analysis period.

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