Quenching Fluids & Salts Market size was estimated at USD 2.3 billion in 2024 and is projected to attain USD 3.8 billion in 2037, surging at a CAGR of 4.3% during the forecast period i.e. 2025 to 2037. In 2025, the industry size of quenching fluids & salts is assessed at USD 2.4 billion.
The market is expanding rapidly globally as more industries are increasingly implementing the use of efficient heat treatment processes in automotive, aerospace, manufacturing, and metallurgical processing industries. For instance, in February 2023, Solar Atmospheres Inc. announced the approval of critical Boeing specifications for oil quenching of alloy steels in conformance with Boeing's specification BAC 5617.
Quenching fluids and quenching salts play a pivotal role in controlling the rate of metal parts cooling after the heat treatment process, increasing their hardness, strength, and durability accordingly. Increased demand for specialized quenching solutions that aim to produce superior material properties in the light of advanced manufacturing technologies, which include additive manufacturing and precision engineering.
This expansion is also supported by ever-increasing demands on high-performance materials in automotive, especially in lightweight components, as well as high-strength alloys. Environmental concerns and regulatory factors also are affecting the quenching fluids & salts market to foster more environmentally friendly and sound quenching fluids, including water-based and biodegradable ones. This added to the steady progress in heat treatment technologies, is likely to drive quenching fluids and salts in the future.
Growth Drivers
Challenges
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
4.3% |
|
Base Year Market Size (2024) |
USD 2.3 billion |
|
Forecast Year Market Size (2037) |
USD 3.8 billion |
|
Regional Scope |
|
Product (Oil, Polymer, Salts)
Oil segment is projected to dominate quenching fluids & salts market share of over 78.9% by 2037. The oil segment dominates the market based mainly on its superior cooling properties and the ability to provide consistent heat transfer during the quenching process. The better viscosity of oil prevents cracks and distortion of components. For instance, in January 2024, Petrofer offered pre-HT washing and quenching, which is a final cleaning pre-HT welding with experience and energy savings due to lower application temperatures. This reaches from the cleaning before heat treatment through to the choice of quenching oil or polymer. Such reliable performance in demanding heat treatment applications continues making oil-based quenching fluids the preferred choice.
End user (Automotive, Aerospace & Defense, Mining, Domestic, Others)
Aerospace is the dominating segment for quenching fluids & salts market, due to the stringent requirement of the industry for high-performance materials and components. The metal parts for aerospace applications are required to exhibit maximum strength and durability coupled with resistance to severe conditions, which include maximum temperature and pressure tolerance. For instance, in April 2024, Vacu Braze purchased and installed a new American-manufactured Class 3 Pyrometry furnace, featuring a 36”x48” zone to expand its aerospace, defense, and power generation capabilities. Aerospace is therefore the largest end user in the market.
Our in-depth analysis of the global market includes the following segments:
|
Product |
|
|
End user |
|
|
Application |
|
North America Market Analysis
North America is the most rapidly growing region in the quenching fluids & salts market, driven by the encouragement and benefits of expanding foreign businesses into the region. In addition, commercial heat treatment facilities are likely to increase their rate since the demand for quenching products, supportive government initiatives, and advantageous economic policies for commercial projects will escalate the market share for quenching fluids & salts.
The primary growth driver for the market in the U.S. is spurred by the presence of industry giants dealing in the production and growth of quench fluids. For instance, in November 2024, ExxonMobil announced reported third-quarter 2024 earnings of USD 8.6 billion. Improved earnings highlight the highest production of liquids with 3.2 million barrels per day and 10% above the prior year-to-date.
The quenching fluids & salts market in Canada is evolving at a steady pace attributable to manufacturing capacity in quenching systems. For instance, in August 2024, CAN-ENG Furnaces International Ltd, Niagara Falls, ON, Canada provided mesh belt furnace systems, CAN-ENG PET SCADA systems, and integrated controls. This oil quench and salt quench system was designed with low energy consumption, no part mixing, minimum damage to parts minimal distortion potential, and high uptime productivity.
Asia Pacific Market Statistics
Asia Pacific quenching fluids & salts market is poised to capture revenue share of around 63.1% by the end of 2037. Moreover, electric vehicle sales are picking up pace due to the high penetration of the trend in electric-driven vehicles It is also stimulating the development of infrastructure required for them. Furthermore, governments in the region are implementing favorable policies to develop a healthy ecosystem for quenching fluids.
The major characteristic of the India landscape for the quenching fluids & salts market is the increasing demand from manufacturers for sophisticated materials with specific thermal and mechanical properties. Thus, they are focusing on developing quenching solutions to fulfill these changing demands. In addition, the aim rests upon fabricating new quenching technology with cost-effectiveness and scalability.
The China landscape is transforming through the rising demand for aerospace parts in various emerging economies. In addition, increasing per capita income and enhanced air travel are likely to have a positive effect on the quenching fluids & salts market in the country. Furthermore, local governments are aimed at improving their public transportation systems in a bid to curb air pollution levels.
The quenching fluids & salts market is driven by a continuous investment in research and development. It enables the creation of advanced, eco-friendly, and efficient quenching solutions that meet growing demands by industries such as automotive, aerospace, and metalworking. Also, these companies are using global supply chains and customer-centric strategies to sustain competitive advantages in an increasingly regulated and environmentally conscious market.
Here’s the list of some key players:
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?