The global economic crisis was a huge setback for the Metalworking Fluid Industry and automotive industry. High vulnerability to microbial attack and regulatory use of anti-microbial chemicals for protection are major market restraints for metal working fluid.
The overall Metalworking Fluids Market sizes for various regions and countries have been calculated by adding these individual market sizes. Regional-level metalworking fluids Industry sizes have been further broken down on the basis application using percentage split gathered during the research.
The Metalworking Fluids Market is segmented based on geography, product type, and application. The segmentation by product type is based on removal fluids, forming fluids, protecting fluids and treating fluids.
The classification of the application segment is based on transportation equipment, machinery, fabricated metal products, primary metals and metal cans and others.
The Metalworking Fluids Market in 2016 was estimated to be USD 9058 million and is projected to grow at a CAGR 3.24%during the forecast period of 2017-2025. Metal working fluids have high stability for both high and low extreme temperatures as well as chemical resistance which is an essential requirement in the growing automotive industry thus rapidly driving the market.
The Metalworking Fluids aids reduction of the heat and friction by lubricating the metals for smooth functioning as well as reducing burning and smoking. They also improvise the surface finish and add to the life of the tools.
These two factors are considered favourable for the growth of the metal working fluids market.
Metal working fluids is a highly competitive and disintegrated market. The major market players for Metal working fluids market are BP plc, Idemitsu Kosan, Quaker Chemicals, Yushiro, Exxon Mobile, Fuchs Petrolub, Houghton International, Chevron, Lukoil, and Lubrizol.
Regions that are covered in the report are Asia Pacific, North America, Europe and Rest of the world. North America metal working fluids market is poised to witness significant upraise with high consumption in the automobile industry.
Asia Pacific metal working fluids market is expected to grow with the establishment of automotive industries in developing economies. The growing demand for the robust automobile manufacturing base with growing demand is expected to inflate the metalworking fluids market in the Europe region.
Table of Contents
- Research Scope
- Research Methodology
- Executive Summary
- Market Overview
- Market Determinants
- Market Segmentation
- Key Analytics
- Global Metal Working Fluids Market by Geography
- Company Profiling
List of Tables
Table # 1 Global Metal Working Fluids Market By Product Type, 2017-2025 ($Million)
Table # 2 Global Removal Fluids Market, By Region, 2017-2025 ($Million)
Table # 3 Global Forming Fluids Market, By Region, 2017-2025 ($Million)
Table # 4 Global Protecting Fluids Market, By Region, 2017-2025 ($Million)
Table # 5 Global Treating Fluids Market, By Region, 2017-2025 ($Million)
Table # 6 Global Metal Working Fluids Market, By Application Types, 2017-2025($Million) and more….
Report at: www.reportsnreports.com/.aspx?name=1178978.
List of Figures
Figure # 1 Global Metal Working Fluids Market By Applications (%) In 2017
Figure # 2 Global Metal Working Fluids Market By Region (%) 2017 and 2025
Figure # 3 Global Metal Working Fluids Market, 2017-2025 ($Million)
Figure # 4 Number of Automobiles Sold In China, 2011-2016 (Till Q2)
Figure # 5 China Gdp 2006-2015 (In Usd Billion)
Figure # 6 Global Removal Fluids Market 2017-2025 ($Million)
Figure # 7 Global Forming Fluids Market, 2017-2025
Figure # 8 Global Protecting Fluids Market, 2017-2025
Figure # 9 Global Treating Fluids Market, 2017-2025 and more…