Metalworking Fluids Market 2021 Analysis by Global Manufacturers - Exxon Mobil Corporation, TotalEnergies, Houghton International Inc., Henkel, Castrol, Lubrizol

Global Metalworking Fluids Market Size and Forecast to 2021 – 2028 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Metalworking Fluids data that enhances the understanding, scope, and application of this report.

The global metalworking fluids market is expected to grow from $9.95 billion in 2020 to $10.71 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $13.06 billion in 2025 at a CAGR of 5.1%.

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The study includes market share analysis and profiles of players such as Exxon Mobil Corporation, TotalEnergies, Houghton International Inc., Henkel, Fuchs Petrolub, Quaker Chemical Corporation, Hindustan Petroleum Corporation Limited, Castrol, Lubrizol, Croda International, Royal Dutch Shell, Lukoil Oil Company, Sinopec, Apar Industries Limited, Yushiro Chemical Industry Co. Ltd., Idemitsu Kosan, Cimcool Industrial Products Inc, Blaser Swisslube, Motul, Oelheld, MORESCO Corporation, QualiChem, Master Fluid Solutions, and Hardcastle Petrofer.

Market Overview:

The metalworking fluids market consists of sales of metalworking fluids by entities (organizations, sole traders, and partnerships) that provide metalworking fluids to improve the workpiece's performance by constantly eliminating dust, chips, and swarfs from the tool and the workpiece's surface. Metalworking fluid (MWF) refers to a group of oils and other fluids used to cool and lubricate metal workpieces while they are being machined, crushed, or milled. Metalworking fluids (MWFs) help to avoid burning and smoking by reducing heat and friction between the cutting tool and the workpiece.

The main types of metalworking fluids are mineral, synthetic and bio-based. Mineral oils are refining methods that assist in minimizing the amount of polynuclear aromatic hydrocarbons in metalworking fluids (PAHs). It is used in neat cutting oils, water cutting oils, corrosion preventive oils, others and is implemented in various verticals such as construction, electrical and power, automobile, metal fabrication, transportation equipment, others.

Industry News:

In February 2019, Chemtool Incorporated, a US-based company that produces metalworking fluids launched Lubricant 4284, a new series of synthetic metalworking fluids that are designed for machining and grinding aluminum and other ferrous and non-ferrous alloys. Lubricant 4284 is a specifically designed lubricant and detergent that promotes machine cleanliness and high-quality machined item finishes.

In March 2020, DuBois Chemicals, a US-based chemical solutions provider acquired Cimcool business from Milacron, a subsidiary of Hillenbrand for a deal amount of $224 million. The acquisition is expected to provide a new set of solutions, applications experts, technical service resources to support DuBois customers, adding value by expanding the company's global presence and important segments through new applications and technical resources. Cimcool Industrial Products Inc is a US-based formulator and manufacturer of high-performance specialty metalworking fluids, including removal, forming, protective, and cleaning fluids.

Market Scope:

By Type:  Mineral; Synthetic; Bio-Based

By Application: Neat Cutting Oils; Water Cutting Oils; Corrosion Preventive Oils; Others

Browse the report description and TOC:

https://www.marketinsightsreports.com/reports/11103735642/metalworking-fluids-global-market-report-2021-covid-19-growth-and-change-including-1-by-type-mineral-synthetic-bio-based-2-by-application-neat-cutting-oils-water-cutting-oils-corrosion-preventive-oils-others-3-by-end-use-industry-construction-electrical-and-power-automobile-metal-fabrication-transportation-equipment-others-covering-exxon-mobil-corporation-totalenergies-houghton-international-inc-henkel-fuchs-petrolub?Mode=KD     

Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Metalworking Fluids market.

The study objectives of this report are:

To study and analyze the global Metalworking Fluids size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2023, and forecast to 2024.
To understand the structure of Metalworking Fluids by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Metalworking Fluids manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Metalworking Fluids with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Metalworking Fluids submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Major Points Covered in Table of Contents:

– Overview of Metalworking Fluids Market
– Global Market Status and Forecast by Regions
– Global Market Status and Forecast by Types
– Global Market Status and Forecast by Downstream Industry
– Market Driving Factor Analysis
– Market Competition Status by Major Manufacturers
– Major Manufacturers Introduction and Market Data
– Upstream and Downstream Market Analysis
– Cost and Gross Margin Analysis
– Marketing Status Analysis
– Market Report Conclusion
– Research Methodology and Reference

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