February 2018: A publication on the “Global Metalworking Fluids Market Size 2017 By Raw Material (Synthetic, Mineral, Bio-based), By Application (Water Soluble Cutting Oils, Neat Cutting Oils, Rust Preventive Oils, Others), By Region and Forecast 2018 To 2025” was launched by Adroit Market Research today. The report gives an in-depth analysis of the market estimates for the global metalworking fluids market size (revenue & volume) and demand forecast for a period between 2015 and 2025. The global metalworking fluids market is analyzed with an in-depth study of PESTEL and Porter’s Five Forces analysis. The report includes a detailed analysis of the global metalworking fluids market share for different raw materials and applications on a global, regional, and country level. The report encompasses company profiles of the key players that hold a significant place in the global metalworking fluids market size.
The global metalworking fluids market size is forecast to be valued at USD 12.31 billion by 2025. The global metalworking fluids market is projected to show steady growth CAGR of 3.6% over the forecast period. Growing usage of metalworking fluids for precision machining in line with today’s complex manufacturing processes is projected to propel the demand for the lubricant over the forecast period.
Metalworking fluids are the range of oils and fluids that are used to lubricate and to cool the metal pieces when they are machined, milled or grounded. Forming, metal cutting and grinding are the primary processes for metal reshaping. Metalworking fluids are, thus, applied in between the process so as to reduce the friction between tool and workpiece, thereby preventing the metal from burning or smoking. These fluids also flush away the unwanted chips produced during the process. Along with this, metalworking fluids give the desired finish to the workpiece owing to which they are widely used in heavy machining, equipment manufacturing, general manufacturing, and metal fabrication among others.
Usage of advanced equipment has led to an increase in complexity of the manufacturing process owing to which demand for metalworking fluids has increased. Also, the noteworthy growth of the industrial sector across the globe is also a significant factor to promote the global metalworking fluids market demand. Presently, the global metalworking fluids market is witnessing significant changes owing to changing machining technology, varying HSE regulations. and growth in additive manufacturing. The demand growth is steady due to a stable supply-demand scenario, with supply being slightly higher. Owing to these factors, the global metalworking fluid market is projected to witness stable growth over the coming years.
Asia Pacific is projected to dominate the global metalworking fluid demand owing to fast-paced industrial growth. The region is projected to account for over 45% of the global metalworking fluids market share, in terms of volume, by 2025. North America and Europe are also projected to showcase steady growth owing to advancements in the machining processes and technologies.
ExxonMobil Corporation, Houghton International Inc., Royal Dutch Shell plc, Yushiro Chemical Industry Co., Ltd, Fuchs Petrolub SE, Total S.A. are some of the key players in the global metalworking fluids market. Product development is among the key focus area of the players in order to produce innovative product line.
Key segments of the global metalworking fluids market
Raw Material Overview, 2015-2025 (USD Million) (Kilo Tons)
Application Overview, 2015-2025 (USD Million) (Kilo Tons)
- Neat cutting oils
- Water soluble cutting oils
- Rust preventive oils
Regional Overview, 2015-2025 (USD Million) (Kilo Tons)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Central & South America
- Middle East & Africa