Press release
Metalworking Fluids Market Future On Recent Innovation 2026 Key Players | CIMCOOL Fluid Technology, LLC; Total; Eni; Henkel AG & Co. KGaA; China Petroleum & Chemical Corporation; Apar Industries Ltd.
Metalworking Fluids Market
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Market Analysis: Global Metalworking Fluids Market
Global Metalworking Fluids Market is expected to rise from its initial estimated value of USD 10.59 billion in 2018 to an estimated value of USD 15.49 billion by 2026, registering a CAGR of 4.87% in the forecast period of 2019-2026. This rise in market value can be attributed to the increase in demand for the product from the various developing regions globally.
Key Market Competitors: Global Metalworking Fluids Market
Few of the major competitors currently working in metalworking fluids market are Italmatch Chemicals S.p.A.; Croda International Plc; Chevron Corporation; Quaker Chemical Corporation; Veedol International Limited; oelheld GmbH; FUCHS; Master Fluid Solutions; Hardcastle Petrofer; Illinois Tool Works Inc.; JXTG Holdings, Inc.; Blaser Swisslube; Exxon Mobil Corporation; BP p.l.c.; CIMCOOL Fluid Technology, LLC; Total; Eni; Henkel AG & Co. KGaA; China Petroleum & Chemical Corporation; Apar Industries Ltd.; MORESCO Corporation; Kuwait Petroleum Corporation (KPC); Petroliam Nasional Berhad (PETRONAS); Indian Oil Corporation Ltd; QualiChem, Inc.; Yushiro Chemical Industry Co., Ltd.; Pennine Lubricants; LUKOIL; The Lubrizol Corporation; HPCL; Chem Arrow Corporation; Idemitsu Kosan Co.,Ltd.; Metalworking Lubricants Company and Royal Dutch Shell.
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Market Definition: Global Metalworking Fluids Market
Metalworking fluids are termed as the category of oils and lubricants that are used in various metal fabrication and metal construction processes. These fluids significantly reduce the friction thereby reducing the heat caused by the same when the fabrication processing is underway; they are also used for the removal of any extruding chips from the surface of the metal.
Segmentation: Global Metalworking Fluids Market
Metalworking Fluids Market : By Category
Synthetic
Semi-Synthetic
Bio-Based
Straight Oil
Mineral
Emulsified
Metalworking Fluids Market : By Product Type
Removal Fluids
Protection Fluids
Forming Fluids
Treating Fluids
Metalworking Fluids Market : By Application
Neat Cutting Oils
Water Cutting Oils
Corrosion Preventive Oils
Others
Metalworking Fluids Market : By End-Use
Metal Fabrication
Transportation Equipment
Machinery
Others
Metalworking Fluids Market : By End-Use Industry
Construction
Electrical & Power
Agriculture
Automobile
Aerospace
Rail
Marine
Telecommunications
Healthcare
Metalworking Fluids Market : By Geography
North America
South America
Europe
Asia-Pacific
Middle East and Africa
Metalworking Fluids Market Drivers:
High levels of industrialization and urbanization resulting in growth of automobile, construction & metals market; this factor is expected to drive the market growth
Innovations and advancements in the market resulting in lower-cost production of product without the use of harmful additives; this factor is expected to drive the market growth
Metalworking Fluids Market Restraints:
Concerns for the workers amid growth in awareness regarding the harmful effects of the product is expected to restrain the market growth
Available substitutes in the market are expected to hinder the growth of the market
Competitive Analysis: Global Metalworking Fluids Market
Global metalworking fluids market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of metalworking fluids market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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