Global Metalworking Fluids Market

Dec 2018| VMR946A| Verified Market Research

Report Highlights

Global Metalworking Fluids Market
By Product (Treating Fluids, Forming Fluids, Removal Fluids), Application (Machinery, Primary Ferrous, Primary Non-Ferrous, Metal Fabrication) and Regional Market Size, Status and Forecast to 2025

Market Overview:
The global Metalworking Fluids market was valued at USD 8.82 billion in 2016 and is projected to reach USD 11.61 billion by 2025, growing at a CAGR of 3.1% from 2017 to 2025.
In various manufacturing facilities metalworking fluids are used to ensure the quality of the final work piece is maintained. The also reduce tool wear and improve process productivity. However, the decrease in manufacturing activity in North America and Europe is expected to have a negative impact on market demand.

Market Dynamics:
1. Market Drivers
1.1 Rise in manufacturing activity in Asia Pacific
1.2 Growing automotive industry in Latin America
2. Market Restraints
2.1 Adoption of Near dry machining and minimum quantity lubrication techniques
2.2 Reduction in metal parts by automakers

Market Segmentation:
The global Metalworking Fluids market is segmented on the product, application, and region.
1. By Product:
1.1 Protection Fluids
1.2 Forming Fluids
1.3 Treating Fluids
1.4 Removal Fluids

2. By Application:
2.1 Metal Fabrication
2.2 Transport Equipment
2.3 Primary ferrous products
2.4 Primary non-ferrous products
2.5 Machinery
2.6 Others

3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Exxonmobil Corp
2. Total SA
3. Fuchs Petolub AG
4. Chevron Corporation
6. Lubrizol Corp
7. Lukoil
8. Idemitsu Kosan Co. Ltd
9. Sinopec
10. Houghton International

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Research study on the Metalworking Fluids market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

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