Asia Pacific accounted for a major global metalworking fluids market chunk in 2017 and shall continue to remain in same position by 2025. Increasing product manufacturers focus in setting up production facilities in Asian countries including China and India on account of low initial investment and minimum labor charges, has resulted in reduced product prices. Also, subsidies for specific industries, tax breaks and export-oriented growth policies in countries including China, Japan, Indonesia, Bangladesh, India, etc., has grabbed attention of multi-national across the globe. Additionally, the regional market is comparatively irregulated, which shall be eventually fueling metalworking fluids demand across the region in the coming years. —
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Synthetic fluids shall be the fastest growing segment in the overall metalworking fluid market during the forecast timeframe. Aerospace industry is increasingly accepting synthetic fluids for manufacturing processes as these have non-flammability at higher temperatures coupled with superior resistance to rust and corrosion. Synthetic fluids are a good substitute to petroleum-based oils as they are water-based concentrates with excellent cooling performance.
Removal fluids processed in metal removing is likely to be one of the lucrative application segments in the metalworking fluid market over the forecast timeframe. Forming fluids shall be the second most prominent application segment in the industry due to the growth in automotive and steel industries in the coming years.
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Soluble oil had a major market share in metalworking fluid market in 2017 and will remain market leading product segment over the forecast timeframe followed by semi-synthetic fluids. Synthetic fluids acceptance in the aerospace industry is increasing which can be attributed to the products high resistance to corrosion & rust and non-flammability at higher temperatures. Synthetic fluids are likely to grow at the highest CAGR during the forecast period.
Major players operating in the metalworking fluid market include Apar Industries Limited, Castrol, Chevron Phillips Chemical Company, ExxonMobil, Fuchs Lubricants Co., Houghton International, LUKOIL, The Lubrizol Corporation, Total, Quaker Chemical Corporation, The Dow Chemical Company, Master Chemical Corporation, Milacron, Henkel, Afton Chemical, Chemetall, PPG Industries, Shell, Hindustan Petroleum Corporation Limited, Indian Oil Corporation Limited, SINOPEC, PT.Pertamina (Persero). The industry witnessed strategic mergers and acquisitions by major players to retain their business share across the value chain.
Browse key industry insights spread across 281 pages with 296 market data tables & 50 figures & charts from the report, “Metalworking Fluids Market Size By Product (Neat Oil, Soluble Oil, Semi-Synthetic Fluid, Synthetic Fluid), By Application (Removal Fluids, Forming Fluids, Protecting Fluids, Treating Fluids) Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, China, India, Japan, Australia, Malaysia, Indonesia, Brazil, Mexico, South Africa, Saudi Arabia, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025” in detail along with the table of contents:
Table of Contents (ToC) of the report:
Chapter 5. Metalworking Fluids Market, By Application
5.1. Global market share by end-user, 2017 & 2025
5.2. Removal fluids
5.2.1. Market estimates and forecast, 2014 - 2025
5.2.2. Market estimates and forecast by region, 2014 - 2025
5.3. Forming fluids
5.3.1. Market estimates and forecast, 2014 - 2025
5.3.2. Market estimates and forecast by region, 2014 - 2025
5.4. Protecting fluids
5.4.1. Market estimates and forecast, 2014 - 2025
5.4.2. Market estimates and forecast by region, 2014 - 2025
5.5. Treating fluids
5.5.1. Market estimates and forecast, 2014 - 2025
5.5.2. Market estimates and forecast by region, 2014 - 2025
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/metalworking-fluids-market
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