Metalworking Fluids Market worth 9.74 Billion USD by 2020 | Key Players include ExxonMobil Corporation, Houghton International, Fuchs Petrolub SE, BP Plc., Total S.A., Chevron Corporation , Lubrizol Corporation, and Idemitsu Kosan Co. Ltd.

According to recent research "Metalworking Fluids Market by Product Type (Removal, Forming, Protection, and Treating Fluids), by End-Use Application (Transport Equipment, Machinery, Metal Fabrication, Primary Ferrous, and Non-Ferrous,), by Region - Global Forecast to 2020", The metalworking fluids market size, in terms of value, is expected to reach USD 9.74 Billion by 2020, at a CAGR of 3.2% between 2015 and 2020.

Browse 116 market data Tables and 47 Figures spread through 148 Pages and in-depth TOC on "Metalworking Fluids Market - Global Forecast to 2020"
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The market is expected to be driven by the rapidly growing automotive sector for which the metalworking fluids are used during the manufacturing of automotive parts and other equipment.

The metalworking fluids market is estimated at USD 8.30 billion in 2014 and is projected to reach USD 9.74 billion by 2020, at a CAGR of 3.2%, between 2015 and 2020.

Transport equipment and metal fabrication industries are involved in the manufacturing of boilers, radiators, engines, and other machine equipment. The automotive industry of Europe is on the rise as the exports to Asian and North American countries are rising. Russia being one of the leading aluminum manufacturers, is witnessing a rising demand for metalworking fluids. Asia-Pacific, being the manufacturing hub, is attracting huge investment from automakers and OEMs to meet the growing demand across the globe.

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The metalworking fluids market is estimated to be worth USD 8.30 billion in 2014 and is projected to reach USD 9.74 billion by 2020, at a CAGR of 3.2% between 2015 and 2020. Key strategies such as new product development, expansion, and acquisitions are adopted by the major players to meet the demand of end users. The maximum developments took place in North America, with the region accounting for 40.9% share of all the strategic developments undertaken between 2011 and 2015. North America is followed by Asia-Pacific and Europe, for all the strategic developments witnessed between 2011 and 2015.

The major players operating in the metalworking fluids market are Houghton International Inc. (U.S.), ExxonMobil Corporation (U.S.), Chevron Corporation (U.S.), and Fuchs Petrolub SE (Germany).

This report provides a detailed analysis of the metalworking fluids market and segments the same on the basis of product types, end-use industry, and region. The market has been segmented, by end-use industry, as Transport Equipment, Metal Fabrication, Machinery, Primary ferrous, and Primary Non-ferrous. Based on region, the market has been segmented as Europe, North America, Asia-Pacific, South America, and Middle East & Africa.

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Houghton International Inc. (U.S.) is one of the leading metalworking fluids manufacturers, globally. The company has maximum developments in the North American region. Houghton International has been focusing on acquisitions to maintain its leading position in the market. For instance, Houghton International Inc. (U.S.) acquired Envirotek Management Services, Inc. (U.S.) as a strategic move to extend the product and service offering for automotive and other industries.

Fuchs Petrolub SE (Germany) is another major player in the metalworking fluids market.. The company has been focusing on new product launches. In October 2014, Fuchs Lubricant Co (U.S), which is the U.S operating unit of Fuchs Group, launched ECOCOOL GLOBAL 10 cutting fluid. It enhances the life of machines by stabilizing the pH level and emulsion characteristics of metalworking fluids. It helps in increasing the metal removal rate resulting in better production rate.

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