The global metalworking fluids market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each metalworking fluids market player in a comprehensive way. Further, the metalworking fluids market report emphasizes the adoption pattern of the metalworking fluids across various industries.
The metalworking fluids market report highlights the following players:
- Apar Industries Ltd.
- Cimcool Industrial Products B.V.
- ExxonMobil Corporation
- Houghton International Inc.
The metalworking fluids market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.
Primary focus of metalworking applications revolves around maximizing efficiency of machinery and operations. Thus it is preferable to use metalworking fluids that are multi-functional in nature. Significant growth in metalworking processes worldwide have propelled demand growth for metalworking fluids. However, metalworking fluids used for machineries have undergone intense regulatory scrutiny in last two decades. Nevertheless, regulations regarding safe disposal of these fluids have been constantly revised to meet several different formulations and blends introduced by industrial manufacturers. Furthermore, new metalworking processes, such as flow forming, hydro forming and low carbon manufacturing, are gaining traction, which is fostering demand for metalworking fluids. As per recently concluded report on global metalworking fluid market, Fact.MR analyzes that the global market for metalworking fluid is projected to grow at a modest CAGR of just over 4% till 2027.
Market Players Targeting Growth Opportunities in Emerging Countries
Global metalworking fluid market being slightly fragmented in nature, leaves limited scope of expansion for manufacturers. Key market players such ExxonMobil Corporation, Houghton International, Fuchs Petrolub SE, Idemitsu Kosan Co. Ltd., Quaker Chemical Corporation, and Yushiro Chemical Industry Co. Ltd have been quite active toward establishing supply contracts with end-use industries. Manufacturers are also investing huge sums in expanding their presence in emerging countries such as India, China and Middle East.
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More Valuable Insights on Metalworking fluids Market:
Fact.MR, in its new offering, presents an unbiased analysis of the metalworking fluids market, presenting historical demand data (2014-2018) and forecast statistics for the period of 2019-2027. The study divulges essential insights on the metalworking fluids market on the basis of category (straight oil, emulsified oil, semi-synthetic and synthetic), product type (removal fluids, protection fluids, forming fluids and treating fluids) and end user (metal fabrication, heavy machinery, transportation equipment and general manufacturing) across nine regions of the world.