Metalworking Fluids Market will positively impact by adoption of electric vehicles and digitalization of automobiles

Metalworking Fluids Market growth is driven by increasing adoption of electric vehicles and digitalization of automobiles pose a major threat to product demand. Moreover, increasing hazardous waste has polluted natural resources to a major extent. This may hamper the metalworking fluids Market during the forecast time period. Furthermore, petroleum-based metalworking fluids are non-biodegradable due to which they pose a health risk to the workers, which are working in the industry for a long duration. Stringent environmental regulations have hampered metalworking fluids demand in past few years.

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In the recent years, the global metalworking fluids market has gained considerable prominence in terms of the profitability matrix, given the rapid expansion of industrial sectors including the likes of automotive, aviation, energy, and infrastructure. In the year 2017, this business space registered a significant USD 10 billion remuneration majorly pertaining to the fact that these fluids are being used extensively in the automotive & transportation industry. In fact, it would not be overstated to say that owing to their ability to perform the crucial task of cooling down metals in machining processes such as drilling, turning, forging, and milling, metalworking fluids have been acclaimed as the essentials in the manufacturing sector.

Soluble oil had a major market share in metalworking fluids market in 2017 and will remain market leading product segment over the forecast timeframe followed by semi-synthetic fluids. Synthetic fluids acceptance in the aerospace industry is increasing which can be attributed to the product’s high resistance to corrosion & rust and non-flammability at higher temperatures. Synthetic fluids are likely to grow at the highest CAGR during the forecast period.

The unprecedented growth that the automotive industry is currently witnessing, with global vehicle sales exceeding 96 million units in 2017, has further added momentum to metalworking fluids market. These statistics goes on to validate the perpetual influence of the automotive & aviation sectors on the demand curve of the metalworking fluids market – indeed, these domains have chronicled themselves among the list of the most lucrative growth avenues for this business sphere.

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Owing to the robust growth in manufacturing and automobile sector, Asia Pacific led the global metalworking fluids market in 2017. Asia Pacific will remain the market leader by 2025 followed by Europe. MEA shall have second highest CAGR after Asia Pacific due to rapid industrialization and increasing disposable income of consumers in this region. Moreover, environment regulations in MEA are lenient compared to other regions which will further boost the product demand in the near future.

With the shift to bio-based MWFs, other processes such as dry machining & minimum quantity lubrication are also gaining importance in the global metalworking fluids industry. Efficaciously thriving on these trends, Global Market Insights, Inc., claims the global metalworking fluids market to exceed USD 15 billion by 2025. What further remains to be seen is how the industry will fare in an era where digitization & electric vehicles are taking prominent shape.

Major Point From Table Of Content:

Chapter 5. Metalworking Fluids Market, By Application

5.1. Global metalworking fluids market share by end-user, 2017 & 2025

5.2. Removal fluids

5.2.1. Metalworking fluids market estimates and forecast, 2014 – 2025

5.2.2. Metalworking fluids market estimates and forecast by region, 2014 – 2025

5.3. Forming fluids

5.3.1. Market estimates and forecast, 2014 – 2025

5.3.2. Market estimates and forecast by region, 2014 – 2025

5.4. Protecting fluids

5.4.1. Market estimates and forecast, 2014 – 2025

5.4.2. Market estimates and forecast by region, 2014 – 2025

5.5. Treating fluids

5.5.1. Market estimates and forecast, 2014 – 2025

5.5.2. Market estimates and forecast by region, 2014 – 2025

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