Metalworking Fluids Market Forecast by Key Players: Total, Lubrizol Corporation, The Dow Chemical Company, Apar Industries Limited, ExxonMobil, Castrol Limited, Henkel, PPG Industries, Royal Dutch Shell PLC and Sinopec

Asia Pacific accounted for a major chunk of global metalworking fluids market 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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Metalworking Fluids Market size is forecast to exceed USD 15 billion by 2025; according to a new research report by Global Market Insights, Inc. Metalworking fluids (MWF) market will be primarily driven by growing demand from automobile industry, which is exponentially growing over past few years. Disruptive technology and consistent advancements in process improvement and component modifications have positively influenced traditional automobile sector across the globe. Another prime growth driver for MWF market will be general manufacturing industry, which has witnessed some excellent growth numbers in specifically Asia Pacific and Latin America over the last decade.

Digitalization of automobiles and growing prominence of electric vehicles pose a threat to MWF demand in the future. Moreover, the increasing usage of non-ferrous metal alloys, for example, titanium and aluminum in aerospace industry would hamper the product demand in the coming years as these metal alloys don’t need metalworking fluids during machining process. Petroleum-based MWF after usage are non-biodegradable and pose fatal health risks to workers operating in the surrounding for a long time. Health problems associated with MWF application are asthma, chronic bronchitis, allergies and skin diseases which are mainly due to inhalation exposure to liquid aerosols from the process fluids.

Owing to the increasing number of strategic partnerships being formed among major industry giants, the profitability landscape of metalworking fluids market has been witnessing a massive turnaround of sorts in the recent years, Testimony to the fact is the Univar Inc’s recent announcement of broadening its decades-old alliance with the Dow Chemical Company (Dow) to include exclusive distribution rights for its flagship UCON™ Fluids and Lubricants in the North American region. The latest collaboration is predominantly an attempt by both the firms to leverage the extensive supply chain network of Univar Inc, a renowned global chemical and ingredient distributor, to keep up with the fast-evolving metalworking fluids industry trends.

For the record, UCON™ is increasingly being recognized as a top brand of polyalkylene glycol (PAG) fluids across metalworking fluids market owing to its wide scale utilization in an assortment of applications and end use domains. Elaborating further, the new arrangement would not only witness the inclusion of UCON™ in the distribution chain of Univar but also comprise of UCON™ OSP, a product line of oil soluble PAG (OSP) base fluids. The addition of this product to Univar’s portfolio is being regarded as significant as it would enable manufacturers to integrate the benefits of a PAG synthetic base fluid with synthetic hydrocarbon and other oils to create a well-composed design that utilizes the pros of diverse chemistries.

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Metalworking Fluids Market of product by application

o Neat oil
o Removal fluids
o Forming fluids
o Protecting fluids
o Treating fluids
o Soluble oil
o Removal fluids
o Forming fluids
o Protecting fluids
o Treating fluids
o Semi-synthetic fluid
o Removal fluids
o Forming fluids
o Protecting fluids
o Treating fluids
o Synthetic fluid
o Removal fluids
o Forming fluids
o Protecting fluids
o Treating fluids

Metalworking Fluids Market by application
o Removal fluids
o Forming fluids
o Protecting fluids
o Treating fluids

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Concurrently, it is rather overt that the strategic collaborations, such as the aforementioned instance, would undoubtedly result in manufacturing and efficient distribution of advanced lubricants that can provide low-temperature stability, enhanced wear performance, viscosity index, and deposit control. Moreover, the outcomes of such mutually-advantageous alliances would invariably boost the commercialization scale of the metalworking fluids industry in the forthcoming years, cite analysts.

The metalworking fluids market is diverse and includes giant multi-national players to medium scale companies as well. The MWF industry has some chief global players including Total, Lubrizol Corporation, The Dow Chemical Company, Apar Industries Limited, ExxonMobil, Castrol Limited, Henkel, PPG Industries, Royal Dutch Shell PLC and Sinopec. Acquisitions and joint ventures are major strategies adopted by players operating in this industry. For instance, in 2014, FUCHS acquired Batoyle Freedom Group, Lubritene and Lubrasa. These acquisitions helped the company to meet the increasing global demand by increasing its production capacity.

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