This report was recently updated on April 18 2024 with the latest and most recent
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Global Metalworking Fluids Market Size, Trends & Analysis - Forecasts To 2026 By Application (Removal Fluids, Forming Fluids, Protecting Fluids, Treating Fluids), By Region (North America, Europe, Asia Pacific and Rest of the World); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Metalworking Fluids Market: Insights
The global metalworking fluids market is estimated to witness a significant CAGR during the forecast period (2020-2026). The growth of the market is anticipated to increase due to an increase in the demand from the agriculture and construction sector, rising metal and steel fabrication industries and growing automotive industry among others. Moreover, the growing consumption of neat cutting oil, which is majorly used for aluminum products is one of the significant factors to drive the metalworking fluids market during the forecast period. Furthermore, reduction in metal parts by automakers and OEMs and stringent environmental regulations are some of the factors likely to hamper the market growth.
Metalworking Fluids Market: By Application
Based on application, the global metalworking fluids market is segmented removal fluids, forming fluids, protecting fluids, and treating fluids. The removal fluids segment is expected to hold the largest market share in terms of volume during the forecast period.
Metalworking Fluids Market: By Region
Based on region, the market for metalworking fluids is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America. Asia-Pacific is expected to hold the largest market share in terms of revenue during the forecast period. The growing demand from heavy machinery applications, growing manufacturing sector, the rising automotive customer base in China, and India are some of the factors in the region that are propelling the market growth. Moreover, growing production volumes in various industry verticals including aerospace, automotive, defense, and marine are one of the significant factors driving the Asia-Pacific market. North America region is expected to grow at a high CAGR during the forecast period. Growing demand for metalworking fluids in the aerospace and automobile industry is propelling the market growth in the region.
Metalworking Fluids Market: End User Landscape
The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products & services, and regional presence of companies who are purchasing or are likely to purchase metalworking fluids. The key end-users of the markets are Mercedes Benz, BMW Group, and Alabama Metal Fabricators Inc, among others.
Metalworking Fluids Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Metalworking Fluids Market: Share & Competitor Analysis
Some of the key players operating in the metalworking fluids market are Apar Industries Ltd, Castrol Limited, Chevron Phillips Chemical Company LP, Chem Arrow Corporation, Exxon Mobil Corporation, FUCHS, Houghton, Lukoil Lubricants, The Lubrizol Corporation, and Total S.A., among others.
Please note: This is not an exhaustive list of companies profiled in the report.
Check the Press Release on Global Metalworking Fluids Market Report
Metalworking Fluids Market: By Application
Metalworking Fluids Market: By Region
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Metalworking Fluids Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
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