Metalworking Fluids Market Manufacturers, Suppliers and Export Research Report and Forecast to 2025
According to a new report published by Reports Monitor titled, “Metalworking Fluids Market By Product & Application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the metalworking fluids market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Metalworking fluids (MWF) also termed as cutting fluids which are a type of coolants or lubricants which used for machinery and stamping processes. Metalworking fluids includes oils, oil-water emulsions, pastes, gels, mists, and air or other gases. Moreover, these fluids are made from petroleum distillates, animal fats, plant oils, water and air, or other raw ingredients. Metalworking fluids includes various substances which are injurious to human health and causes skin disorders after coming in contact with skin repeatedly.
According to Tribology International, vegetable oils have good lubricating properties and are environmental friendly which provides better results than mineral oil and synthetic lubricants. Metalworking fluids are used in various end-use industries such as automation, metal fabrication, steel, and original equipment manufacturers (OEM).
Metalworking fluids market is majorly driven by automotive industry owing to extensive metal working applications such as metal removal, metal forming, metal treating, and metal protecting. These fluids provide better surface finish for cutting and welding of metal parts.
However, increasing in toxic waste disposals create severe environmental issues. Further, hazardous chemicals may affect health of workers which might hamper the market growth of metalworking fluids. The metals such as, aluminum and titanium which are used in aerospace industry recently do not required metalworking fluids in machining process which would further obstruct the market growth.
The major growth factors for metalworking fluids market in Asia-Pacific region are rapid growth in construction and automobile industries. Moreover, increasing urbanization and customer investments & spending in emerging economies such, China, India, and Japan would fuel the market in Asia-Pacific region.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in global metalworking fluids market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: ExxonMobil Corporation, Houghton International, Fuchs Petrolub SE, BP Plc., Total S.A., Chevron Corporation, Lubrizol Corporation and Idemitsu Kosan Co. Ltd., Castrol Limited, Chem Arrow Corporation.
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