The latest statistics indicate that tere are approximately 400 million entrepreneurs worldwide. During the pandemic every one of these entrepreneurs face a different kind of challenge. Owners of restaurants, for example, have had to make accommodations to provide more outdoor seating and to focus more energies on take out options. Hotel owners have had to create a new platform for contactless check ins and grocery stores have transitioned from one way aisles and methods of limiting quantities. And while the hours of many stores have been limited during the pandemic to allow for thorough cleaning, transportation companies have had, in comparison, had to operate around the clock in an effort to get goods delivered across the nation. Likewise, manufacturing companies have found themselves needing to retrofit current machines to create needed new products.
As a result of the needs for many new kinds of products, the use of metalworking and cutting fluids has been especially high. The oil wholesale distributors are especially in high demand as the need for synthetic lubricants and synthetic oils continues to increase
The Products from Oil Wholesale Distributors Continue to be in High Demand
From industrial lubricants that are needed to keep the biggest machines running to the lubricants for metal work that keep so many assembly lines running, the demand for products from oil wholesale distributors is at all all-time high. Fortunately, as the same time that these fluids are in such high demand, it is encouraging to know that there are also more and more efforts to improve recycling and sustainability. Cost reductions from recycling metalworking fluids, for example, can be significant. In fact, the latest studies indicate that there is a potential 8% volume reduction against a nonrecycling system.
Consider some of these other facts and figures about the role that oil wholesale distributors play throughout a wide range of industries and applications:
- Cooling, lubrication, chip removal, and corrosion control are the four main functions of metalworking fluids.
- One of the major differences in the industry is that semi-synthetic lubricants contain less than 30% oil content in concentrate while, in comparison, pure synthetics contain no oil whatsoever.
- Although there are many ways that industries select the kind of industrial lubricants they use, 89% of lubrication professionals consider an oil’s viscosity index when selecting a lubricant, according to a recent survey.
- Nearly 2.5 million metric tonnes of metalworking fluids were sold across the globe in 2016, according to Future Market Insights’ report.
- Even with the wide variety of options available and the understanding that maintenance is key to the longevity of all machinery, a recent international study revealed that only 42% of manufacturing companies have all the correct procedures in place to manage lubricants effectively. In addition, only 63% believe they do not conduct staff training on lubricants as regularly as they should.
- As a result, manufacturing companies estimate that 70% of their unplanned equipment shutdowns in the last three years were caused by incorrect lubricant selection or management. This information according to a recent study means that there remains an even greater need to emphasis the proper use of lubrication and regular maintenance schedules.
- Metalworking lubricants, coolants, and fluids play a vital role in every kind of machining. For example, a substantial flow of fluids is used in the metal removal process, with some estimates indicating that these levels often reach between four and 20 liters a minute.
- A 2016 report projected that the metalworking fluids (MWF) market would reach $9.74 billion by the end of year 2020. As the pandemic continues to play out it is important to note that these numbers may extend far beyond the initial estimations.
The pandemic has changed the way consumers spend and the way that distributors reach their consumers. For these reasons, it should come as no surprise that industry experts anticipate that the more than $4 billion worth of metalworking fluids is anticipated that were consumed for lubricating transportation equipment across the globe in 2017 may seem small compared to what the numbers will be this year. With no real road map for the pandemic, however, important insights and reports from reports like the 2017 Future Market Insights publication provide at least a valid starting point.