Metalworking Fluids Market to reach US$ 13.7 Bn by 2030 growing at CAGR of 3.9% – according to ChemView Consulting’s Analyst

According to a research survey conducted by ChemView Consulting, in 2022, the Global Metalworking Fluids Market was worth US$ 10.1 Bn and is expected to grow at a CAGR of 3.9% over the forecast period. The market is expected to hit US$ 13.7 Bn by 2030 end.

Metalworking fluids are chemical compositions used to increase the efficiency of machining tools during drilling, grinding, and other industrial processes. During the cutting and grinding of metal components, these fluids help to reduce heat, provide lubrication, and remove tiny metal chips.

Metalworking fluids have an excellent viscosity-to-temperature relationship and remain stable throughout temperature fluctuations.

Metalworking Fluids Market 2017-2030: Report Key Highlights:

  • Detailed information on factors that will assist Global Metalworking Fluids’ growth during the next eight years
  • Assessment of the historical and current Global Metalworking Fluids Market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
  • The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
  • Segment-wise, country-wise, and region-wise market analysis
  • Key drivers, restraints, opportunities, and key emerging trends impacting market growth
  • Predictions on critical supply, demand, and technological trends and changes in consumer behavior
  • Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies

For More Details Visit Our Report Page:

Key Takeaways

By Product Type: Because of its usage as a coolant in the manufacturing industry, removal fluid is likely to play a significant role in driving the growth of the overall metalworking fluids market. Removal fluids stabilize the temperature and remove undesired metal chips during grinding, drilling, and other procedures.

The global market for removal fluid is dominated by demand from the automotive and metal fabrication sectors. Increasing vehicle production in emerging nations will lead to a rise in the usage of gear oils, which will raise the demand for industrial hydraulic and metalworking fluids.

By Application: The transportation equipment sector consumes the most metalworking fluids, followed by the metal fabrication and heavy machinery industries. Transportation equipment necessitates manufacturing complicated high-strength components, resulting in a significant consumption of metalworking fluids.

As a result, transportation equipment is expected to use more than half of all metalworking fluids produced worldwide.

By Region: Metalworking fluids market expansion has been fueled by industrial development in Asia-Pacific in recent years, and this trend is likely to continue over the next five years. Foreign trade, investment liberalization, and changes in industrial regulations have fueled rapid industrialization in China during the last three decades. Domestic and international investment in critical industries such as energy, manufacturing, construction, and transportation has steadily increased in the previous decade.

Due to expanding demand for efficient metalworking fluids from car manufacturers and OEMs, Asia-Pacific is the fastest-growing market for metalworking fluids.

Competition Summary

The worldwide metalworking fluids market is extremely competitive, with top companies accounting for 50.0% entire market share. Due to strong end-use demand and high energy consumption rates, key market participants focus their efforts on high-growth areas.

Furthermore, leading manufacturers are expanding their worldwide market footprint through mergers, acquisitions, and partnerships.

Key companies covered in the market study are ExxonMobil Corporation, Idemitsu Kosan, Co., Ltd, Quaker Chemical Corporation, Fuchs Petrolub SE, BP plc., Apar Industries Ltd., TotalEnergies SE, Yushiro Chemical Industry Co. Ltd., Cimcool Industrial Products LLC, and Metalworking Lubricants Company.

Segments Covered in Report

By Category:

  • Straight Oil
  • Emulsified Oil
  • Semi-Synthetic oils
  • Synthetic Oils

By Product Type:

  • Removal Fluid
  • Protection Fluids
  • Forming Fluids
  • Treating Fluids

By End-Use:

  • Metal Fabrication
  • Heavy Machinery
  • Transportation Equipment
  • General Manufacturing

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

About ChemView Consulting’s Chemicals & Materials Domain

ChemView Consulting’s chemicals & materials domain provides unique, reliable, and in-depth analysis of the chemicals and materials business with the help of its in-house and experienced analysts and subject matter experts. The comprehensive coverage includes bulk, fine, specialty, petrochemicals, innovative materials, composites, and nanotechnology, focusing on “green alternatives,” recycling, and renewable technology advances. In addition, for developing – “The Future Growth Plan,” our research studies serve as market reference guides for chemical manufacturers, research institutes, channel partners, and government agencies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and consulting company serving worldwide Chemicals & Materials, Food & Beverage, Oil & Gas, Clean Energy, and Packaging clients. ChemView Consulting serves clients in approximately 100 countries, with its office in the U.S. and delivery centers in India.

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