Rapid industrialization along with advancement in manufacturing processes to augment the global metalworking fluids demand at a 3.2% CAGR
— The global metalworking fluids market is analyzed with an in-depth study of PESTEL and Porter’s Five Forces analysis. The report includes a detailed analysis of the global metalworking fluids market share for different raw materials and applications on a global, regional, and country level. The report encompasses company profiles of the key players that hold a significant place in the global metalworking fluids market size.
The global metalworking fluids market size is forecast to be valued at USD 12.31 billion by 2025. The global metalworking fluids market is projected to show steady growth CAGR of 3.6% over the forecast period. Growing usage of metalworking fluids for precision machining in line with today’s complex manufacturing processes is projected to propel the demand for the lubricant over the forecast period.
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Key segments of the global metalworking fluids market
Raw Material Overview, 2015-2025 (USD Million) (Kilo Tons)
Application Overview, 2015-2025 (USD Million) (Kilo Tons)
Neat cutting oils
Water soluble cutting oils
Rust preventive oils
Regional Overview, 2015-2025 (USD Million) (Kilo Tons)
Central & South America
Middle East & Africa
Metalworking fluids are the range of oils and fluids that are used to lubricate and to cool the metal pieces when they are machined, milled or grounded. Forming, metal cutting and grinding are the primary processes for metal reshaping. Metalworking fluids are, thus, applied in between the process so as to reduce the friction between tool and workpiece, thereby preventing the metal from burning or smoking. These fluids also flush away the unwanted chips produced during the process. Along with this, metalworking fluids give the desired finish to the workpiece owing to which they are widely used in heavy machining, equipment manufacturing, general manufacturing, and metal fabrication among others.
Usage of advanced equipment has led to an increase in complexity of the manufacturing process owing to which demand for metalworking fluids has increased. Also, the noteworthy growth of the industrial sector across the globe is also a significant factor to promote the global metalworking fluids market demand. Presently, the global metalworking fluids market is witnessing significant changes owing to changing machining technology, varying HSE regulations. and growth in additive manufacturing. The demand growth is steady due to a stable supply-demand scenario, with supply being slightly higher. Owing to these factors, the global metalworking fluid market is projected to witness stable growth over the coming years.
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Asia Pacific is projected to dominate the global metalworking fluid demand owing to fast-paced industrial growth. The region is projected to account for over 45% of the global metalworking fluids market share, in terms of volume, by 2025. North America and Europe are also projected to showcase steady growth owing to advancements in the machining processes and technologies.
ExxonMobil Corporation, Houghton International Inc., Royal Dutch Shell plc, Yushiro Chemical Industry Co., Ltd, Fuchs Petrolub SE, Total S.A. are some of the key players in the global metalworking fluids market. Product development is among the key focus area of the players in order to produce innovative product line.
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Some points from metalworking fluid market Table of Contents:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data sources
Chapter 3. Market Outlook
3.2. Key trends
3.2.1. Market drivers
3.2.2. Market restraints
3.2.3. Market opportunities
3.3. Value chain analysis
3.4. Porter’s five forces’ analysis
3.5. PESTLE analysis
Chapter 4. Metalworking Fluid Market Overview, By Raw Material
4.1. Global metalworking fluid market share, by raw materials, 2017 & 2025
4.2.1. Market size and projections, 2015– 2025
4.3.1. Market size and projections, 2015– 2025
4.4.1. Market size and projections, 2015– 2025
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