Metalworking Fluids Market Growth Drivers, Key Manufacturers and Growth Prospects, 2025

Felton, Calif., USA, Dec. 11, 2020 — /EPR Network/ —

The global Metalworking Fluids Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.

Market Overview:

The global Metalworking Fluid Market size is likely to reach USD 14.54 billion by 2025, registering at a 4.4% CAGR during the forecast period. Metalworking fluids are primarily used in manufacturing industries to reduce tool wear friction and improve the quality of workpiece and process productivity.

Key Players:

• Houghton International
• Blaser Swisslube AG
• BP p.l.c
• Exxon Mobil Corporation
• Total S.A.
• FUCHS
• CIMCOOL Fluid Technology, LLC
• Quaker Chemical Corporation
• Eni S.p.A.
• Chevron Corporation
• Henkel AG & Co., KGaA
• Croda International Plc

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Growth Drivers:

The prolonged use of metal working fluids has been reported to cause several health problems such as cancer, bronchitis, asthma, and hypersensitivity pneumonitis. The prevailing health hazards associated with the use of metal working fluids is a major factor hampering the metalworking fluid industry growth.

Application Outlook:

• Neat Cutting Oils
• Water Cutting Oils
  • Soluble cutting oils
  • Semi-synthetic cutting oils
  • Synthetic cutting oils
• Corrosion Preventive Oils

End-use Outlook:

• Metal Fabrication
• Transportation Equipment
• Machinery

End-use Outlook:

• Construction
• Electrical & Power
• Agriculture
• Automobile
• Aerospace
• Rail
• Marine
• Telecommunication
• Healthcare

Regional Insights:

Geographical segmentation has presented a detailed analysis of push-to-talk market growth prospects across the regions of North America, the Asia Pacific, Europe, the Middle East, and Africa, and Latin America. The developing countries of Asia Pacific and the Middle East & Africa have demonstrated steady growth due to low labor costs and minimum initial investments. The Indian and Chinese government policies are keen on implementing export-oriented standards in order to grab the international attention, which shall be fueling their foreign trades in the upcoming years. The flourishing heavy-duty manufacturing industries across North America and European regions have generated a firm demand for metalworking fluids market.

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