Global $14.54Bn Metalworking Fluids Market by Product, Application, End-use, and Industrial End-use - Forecast to 2025 - ResearchAndMarkets.com
The "Metalworking
Fluids Market Size Analysis Report By Product (Mineral, Synthetic,
Bio-based), By Application (Neat Cutting Oil, Water Cutting Fluid), By
End Use, By Industrial End Use, And Segment Forecasts, 2019 - 2025"
report has been added to ResearchAndMarkets.com's
offering.
The global metalworking fluids market size is projected to reach USD
14.54 billion by 2025. It is anticipated to expand at a CAGR of 4.4%
during the forecast period. Increasing demand of the product in
transportation equipment and machinery from multiple end-user industries
are the key driving forces for the growth.
Metalworking Fluids (MWF) play an important role in automobile industry
on account of its ability to provide excellent surface finish and to
reduce friction between work piece and tool. Also, it is readily used in
heavy machinery industry, which is witnessing significant growth in
emerging economies including India, China, Brazil, Russia, and other
Southeast Asian countries.
The market is characterized by fast changing technological trends in
machining operations causing MWF manufacturers to adapt new
manufacturing methods to produce customized and cost competitive
products. Shift in preference from traditional metal alloys to stainless
steel, aluminium, and titanium metals is expected to provide more
opportunities for the manufacturers supplying metalworking fluids
suitable for providing lubrication during the machining of aluminium and
titanium alloys.
Distribution channels play an important role in maintaining loyal
customer base. Q8Oils, a subsidiary of Kuwait Petroleum Corporation and
Houghton International, Inc. established distribution relationship with
regional-level suppliers and distributors that provide condition
monitoring services. Maintaining concentration levels of neat cutting
oils, synthetic, and semi-synthetic fluids is crucial in condition
monitoring services wherein these fluids are broadly used for storage,
transportation, and other allied applications.
Rapid growth in automotive, aerospace, and other end-use industries has
made Asia Pacific a global center for the MWFs. Revision in regulatory
norms in North America and Europe has represented shift in the market,
from being stagnant to providing lucrative opportunities. Also,
stringent regulations in these two regions has made manufacturers to
develop products free from chlorine, boron, and formaldehyde agents.
Further key findings from the report suggest:
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In terms of volume, the global market size is anticipated to reach
3,655.18 kilotons by 2025, with a projected CAGR of 4%
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Neat cutting oils was the dominant segment with a total market share
of 42.08% in terms of revenue in 2018
-
China was major growth contributor in Asia Pacific with a market share
of 43.07% in 2018 and is expected to continue witnessing growth over a
forecast period
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Some of the key participants operating in the global metalworking
fluids market are British Petroleum; Renkert Oil, Inc.; ExxonMobil,
Sonneborn, Inc.; and Royal Dutch Shell among others
Topics Covered
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List to Data Sources
1.4 List of Abbreviations
Chapter 2 Executive Summary
2.1 Market Summary
2.2 Segmental Outlook
2.3 Competitive Insights
Chapter 3 Metalworking Fluids: Market Variables, Trends & Scope
3.1 Metalworking fluids - Market segmentation
3.2 Penetration & growth prospect mapping
3.3 Metalworking fluids market value chain analysis
3.4 Regulatory Framework
3.5 Technology overview
3.6 Metalworking fluids market dynamics
3.7 Trade Analysis
3.8 Business Environment Analysis
Chapter 4 Metalworking Fluids: Product Estimates & Trend Analysis
4.1 Metalworking fluids market: Product movement analysis, 2017 & 2025
4.2 Mineral
4.3 Synthetic
4.4 Bio-Based
Chapter 5 Metalworking Fluids: Application Estimates & Trend Analysis
5.1 Metalworking fluids market: Application movement analysis, 2017 &
2025
5.2 Neat Cutting Oils
5.3 Water Cutting Oils
5.4 Corrosion Preventive Oils
5.5 Others
Chapter 6 Metalworking Fluids: End Use Estimates & Trend Analysis
6.1 Metalworking fluids market: End Use movement analysis, 2017 & 2025
6.2 Metal fabrication
6.3 Transportation equipment
6.4 Machinery
6.5 Others
Chapter 7 Metalworking Fluids: Industrial End Use Estimates & Trend
Analysis
7.1 Metalworking fluids market: Industrial end use movement analysis,
2017 & 2025
7.2 Construction
7.3 Electrical & Power
7.4 Agriculture
7.5 Automobile
7.6 Aerospace
7.7 Rail
7.8 Marine
7.9 Telecommunication
7.10 Healthcare
Companies Mentioned
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Houghton International, Inc
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Blaser Swisslube AG
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BP p.l.c
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ExxonMobil Corporation
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Total S.A.
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FUCHS
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CIMCOOL Fluid Technology, LLC
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Quaker Chemical Corporation
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Eni S.p.A.
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Chevron Corporation
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Henkel AG & Co., KGaA
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Croda International Plc
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Tide Water Oil Co. (India) Ltd.
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Motul
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China Petroleum & Chemical Corporation
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Kuwait Petroleum Corporation
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Oelheld GmbH
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Apar Industries Ltd.
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MORESCO Corporation
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Indian Oil Corporation Ltd
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Hindustan Petroleum Corporation Limited
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Petroliam Nasional Berhad (PETRONAS)
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Yushiro Chemical Industry Co., Ltd.
-
QualiChem, Inc.
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Master Fluid Solutions
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Hardcastle Petrofer
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Hangsterfer's Laboratories, Inc.
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Castrol Limited
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Illinois Tool Works, Inc.
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Pennine Lubricants
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JXTG Holdings, Inc.
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Triton Manufacturing Co., Inc.
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Special Products & Mfg., Inc.
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Merrill Technologies Group
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Evs Metal
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Sandvik Ab
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Deere & Company
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Ashok Leyland
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Cummins, Inc.
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Carraro S.P.A.
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Caterpillar
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Weiss Gmbh
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Vernet Behringer
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Trumpf
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Shenyang Machine Tools Co., Ltd.
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Dalian Machine Tool Group Corporation
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Doosan Infracore
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Komatsu Ltd.
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Schuler Ag
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Amada Holdings Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/3qrq7c
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