Global Metalworking Fluids Market, By Category (Synthetic, Semi-Synthetic, Bio-Based, Straight Oil, Mineral, Emulsified), Product Type (Removal Fluids, Protection Fluids, Forming Fluids, Treating Fluids), Application (Neat Cutting Oils, Water Cutting Oils, Corrosion Preventive Oils, Others), Function (Metal Fabrication, Transportation Equipment, Machinery, Others), End-Use Industry (Construction, Electrical and Power, Agriculture, Automobile, Aerospace, Rail, Marine, Telecommunications, Healthcare), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The metalworking fluids market is expected to witness market growth at a rate of 16.80% in the forecast period of 2021 to 2028 and is expected to reach USD 14.50 billion by 2028. Data Bridge Market Research report on metalworking fluids market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing exploration and production activities of oil and gas are escalating the growth of metalworking fluids market.
Metalworking fluids are defined as category of oils and lubricants which are utilized in several fabrication and metal construction processes. These fluids are known to reduce the friction thereby reducing the heat caused by the same when the fabrication processing is underway. They are also highly used for removing any extruding chips from the surface of the metal.
The growth of the heavy machinery industry and increasing demand of these fluids owning to their important role metal removal and forming, extending the service lives of the tools and cost effectiveness act as the major factors driving the growth of metalworking fluids market. The increase in popularity of these fluids as they comprise of high-performance soluble oil and semi-synthetic emulsion technology and they provide numerous high-performance soluble oil and semi-synthetic emulsion technology which accelerate the metalworking fluids market growth. The design of these fluids specifically made for a variety of hard and soft water qualities and offerings by them such as low foam and long-term corrosion protection for machines and components further influence the metalworking fluids market. Additionally, low foam and long-term corrosion protection for machines and components, massive industrial growth in Asia-Pacific and Africa and expansion of automotive industry in South America positively affects the metalworking fluids market. Furthermore, multi-phase metalworking fluids extends profitable opportunities to the metalworking fluids market players in the forecast period of 2021 to 2028.
On the other hand, minimum quantity lubrication (MQL) and near dry machining and reduction in metal parts by automakers and OEMs are the factors expected to obstruct the metalworking fluids market growth. The implementation of environmental regulations and availability of substitute markets are projected to challenge the metalworking fluids market in the forecast period of 2021-2028.
This metalworking fluids market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on metalworking fluids market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Metalworking Fluids Market Scope and Market Size
The metalworking fluids market is segmented on the basis of category, product type, application, function and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of category, the metalworking fluids market is segmented into synthetic, semi-synthetic, bio-based, straight oil, mineral and emulsified.
- On the basis of product type, the metalworking fluids market is segmented into removal fluids, protection fluids, forming fluids and treating fluids.
- On the basis of application, the metalworking fluids market is segmented into neat cutting oils, water cutting oils, corrosion preventive oils and others.
- On the basis of function, the metalworking fluids market is segmented into metal fabrication, transportation equipment, machinery and others.
- On the basis of end-user industry, the metalworking fluids market is segmented into construction, electrical and power, agriculture, automobile, aerospace, rail, marine, telecommunications and healthcare.
Global Metalworking Fluids Market Country Level Analysis
The metalworking fluids market is analyzed and market size, volume information is provided by country, category, product type, application, function and end-use industry as referenced above.
The countries covered in the globally metalworking fluids market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the metalworking fluids market due to the growth in the manufacturing sector in India, China and Indonesia and availability of cheap land and labor costs in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Metalworking Fluids Market Share Analysis
The metalworking fluids market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to metalworking fluids market.
The major players covered in the metalworking fluids market report are Italmatch Chemicals S.p.A., Croda International Plc, Chevron Corporation, Quaker Chemical Corporation, Veedol International Limited, oelheld GmbH, FUCHS, Master Fluid Solutions, Hardcastle Petrofer, Illinois Tool Works Inc., JXTG Holdings, Inc., Blaser Swisslube, Exxon Mobil Corporation, BP p.l.c., CIMCOOL Fluid Technology, LLC, Total, Eni, Henkel AG & Co. KGaA, China Petroleum & Chemical Corporation, Apar Industries Ltd., MORESCO Corporation, Kuwait Petroleum Corporation (KPC), Petroliam Nasional Berhad (PETRONAS), Indian Oil Corporation Ltd, QualiChem, Inc., Yushiro Chemical Industry Co., Ltd., Pennine Lubricants, LUKOIL, The Lubrizol Corporation, HPCL, Chem Arrow Corporation, Idemitsu Kosan Co.,Ltd., Metalworking Lubricants Company, Royal Dutch Shell among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.