Global Metalworking Fluids Market incredible future growth | 2018 Key Players are: Total, Quaker Chemical Corporation, The Dow Chemical Company, ExxonMobil, Apar Industries Ltd., Castrol, Chevron Phillips Chemical Company, Chem Arrow Corporation, Fuchs Lu

There are four major application segments in the global metalworking fluids market namely removal, forming protecting and treating fluids. Removal fluids application segment occupies a substantial share and will grow by a CAGR above 4.5% till 2024 as removal fluids are extensively used in various industrial processes such as drilling, milling, reaming and taping. Forming fluids application segment will likely be valued at more than USD 4 billion in 2024. Forming fluids help in the process of metal forming and shaping.

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There are four product segments in the global metalworking fluids market including neat oil, soluble oil, semi-synthetic fluids and synthetic fluids. Soluble oil product segment has more than 40% share of the overall market in 2016 and this segment will likely grow at a steady rate during the forecast timespan. Semi-synthetic fluids also have a significant share of the global metalworking fluids market and this segment will grow at a CAGR above 4.5% till 2024.

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.

The metalworking fluids Market is set to grow from its current market value of more than $10 billion to over $15 billion and will exhibit growth by a CAGR of over 4.7% up to 2024.

Industry Growth drivers –
• Robust growth in automotive industry
• Growing metal & steel fabrication business

Segmentation of metalworking fluids Market, Form By Application
o Removal fluids
o Forming fluids
o Protecting fluids
o Treating fluids

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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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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 Apar Industries Ltd., Castrol, Chevron Phillips Chemical Company, Chem Arrow Corporation, ExxonMobil Corporation, Fuchs Lubricants Co., Houghton International, Lukoil Lubricants, The Lubrizol Corporation, Total, Quaker Chemical Corporation, The Dow Chemical Company, Milacron, Henkel, Infineum International Limited, Afton Chemical Limited, Chemetall GmbH, PPG Industries Inc., Royal Dutch Shell PLC, Idemitsu Kosan Co., Ltd., Nihon Parkerizing Co., Ltd., Yushiro Chemical Industry Co., Ltd., Francool Technology (Shenzhen) Co., Ltd., Daido Chemical Engineering Corp., Blaser Swisslube AG, HPCL, Indian Oil Corporation Limited, Sinopec, Suzhou Special Chemicals, Shanghai Parker Chemical Company, Guangzhou Mechanical Engineering Research Institute, SAMHWA Lube, SK Holdings Co., Ltd., Kyodo Yushi Co., Ltd., N-S Lubricants Co., Ltd., PT Pertamina, Petrofer Chemie H. R. Fischer GmbH + Co. KG, Oemeta. 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.

Market share calculation in this report is not done based on companies covered in it. The calculation of metalworking fluids market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

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