Metalworking Fluids Market : Increasing demand from manufacturing industry in Asia-Pacific

CITY, Country, 2021-Nov-22 — /EPR Network/ —

The report “Metalworking Fluids Market by Product Type (Removal, Forming, Protection, and Treating Fluids), by End-Use Application (Transport Equipment, Machinery, Metal Fabrication, Primary Ferrous, and Non-Ferrous,), by Region – Global Forecast to 2020″, The metalworking fluids market size, in terms of value, is expected to reach USD 9.74 Billion by 2020, at a CAGR of 3.2% between 2015 and 2020. The market is expected to be driven by the rapidly growing automotive sector for which the metalworking fluids are used during the manufacturing of automotive parts and other equipment.

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 Removal Fluids to dominate metalworking fluids market

The metalworking fluids is segmented into four different product types, namely, removal fluids, forming fluids, protection fluids, and quenching fluids. The removal fluids are used to remove the metal chips produced during the drilling and milling of metal pieces. The forming fluids are used as rolling oils, forging fluids, and hydroforming fluids and are used in metal fabrication and machinery industries. Removal fluids are dominating the market share and the dominance will continue due to the high use of coolants, cutting fluids, and grinding fluids during the various machine processes in manufacturing.

Transport equipment dominates the metalworking fluids market across the globe

The metalworking fluids market has been segmented based on end-use industry into transport equipment, primary ferrous, primary non-ferrous, machinery and metal fabrication industry. The main industries linked with transport equipment are automotive and fabricated metal industries which are involved in the manufacturing of boilers, radiators, engines, and other equipment, hence driving the overall metalworking fluids market.

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Increasing demand from manufacturing industry in Asia-Pacific:

The metalworking fluids market has been segmented based on five regions, namely, North America, Asia-Pacific, Europe, South America, and Middle East & Africa. There has been an increase in manufacturing activities of various products such as automotive, packaging, construction materials, among others, in Asia-Pacific. The rapid urbanization, increase in demand from rising population and higher disposable income is boosting the manufacturing industry in Asia-Pacific.

Currently, the metalworking fluids market is dominated by various market players such as ExxonMobil Corporation (U.S.), Houghton International (U.S.), Fuchs Petrolub SE (Germany), BP Plc. (U.K.), Total S.A. (France), Chevron Corporation (U.S.), Lubrizol Corporation (U.S.), and Idemitsu Kosan Co. Ltd. (Japan).

The research study is aimed at identifying emerging trends and opportunities in the metalworking fluids market along with a detailed classification of the market, in terms of value, and volume. It provides a comprehensive competitive landscape and identifies the key players with regard to market size and market share. The research study also includes a detailed segmentation of the metalworking fluids market on the basis of application, type, and region.

Apart from the market segmentation, this report also adopts the Porter’s Five Forces Analysis to provide an in-depth analysis of the market by providing a detailed process flow diagram and market dynamics such as drivers, restraints, challenges and opportunities in the metalworking fluids market.

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