Penetrating Oil Market to Reach USD 38.98 Billion by 2027

   2021-04-07       10        Technology
Rating :
Widespread use of penetrating oils in the automotive and construction industries acts as a key market growth driver

The globalis expected to be valued at USD 38.98 Billion in 2027 from USD 19.34 Billion in 2019, registering a CAGR of 9.1% through the forecast period. Penetrating oils, also called penetrating fluids, are low-viscosity oils that are generally used to lubricate rusted mechanical parts or fasteners, such as nuts and bolts so that they can be separated. These oils are highly volatile and can penetrate very narrow spaces within the machines or devices. These oils are widely used as general-purpose lubricants and corrosion stoppers. The other viable applications of penetrating oils include household repair tasks, removing chewing gum, reducing the friction on metal-stringed musical instruments, gardening purposes, and adhesives and coatings. Penetrating oils lubricate and reduce friction in objects only for a short period of time, and as the fluid is volatile in nature, it quickly gets contaminated. Moreover, on evaporation, these oils leave behind a residual film. Hence, penetrating lubricants are often added to liquids as additives to enhance their longevity.

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