Metalworking Fluids Market Report, Size Projection, Industry Statistics and Business Overview 2022-2027

According to the latest report by IMARC Group, titled "Metalworking Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on metalworking fluids market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global metalworking fluids market reached a value of US$ 10.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.3 Billion by 2027, exhibiting a CAGR of 4.19% during 2022-2027.

Metalworking fluids (MWFs) are specialized liquids that are used in metalworking processes, such as cutting, grinding, and drilling to lubricate, cool, and clean metal workpieces and cutting tools. There are different types of MWFs, including water-based, oil-based, and synthetic fluids. They offer several benefits, such as extending tool life, improving surface finish, reducing heat and friction, and preventing corrosion. MWFs play an important role in the metalworking industry by reducing friction and heat generated during metalworking operations. They also help to remove metal chips and other debris from the work area, thus can improve the accuracy and precision of the manufacturing process. Additionally, they provide protection against rust and corrosion and improve the surface finish of the workpiece.

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Market Trends:

The expanding automotive industry is driving the global market. Moreover, the rising demand for high-quality metal products across various industries, such as automotive, aerospace, and construction, is contributing to the overall demand across the globe. Apart from this, the development of new and advanced metalworking technologies, including high-speed machining and laser cutting, which require more specialized metalworking fluids is providing an impetus to the market. In line with this, several leading players are heavily investing in extensive research and development (R&D) activities to produce higher volumes of metal components that ensure energy efficiency in equipment, thus creating a positive market outlook. Furthermore, the increased consumer spending on vehicle modifications is impacting the market favorably.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• BP
• Chevron
• Houghton International
• ExxonMobil
• Total S.A.
• Apar
• Hindustan Petroleum Corporation Limited
• Castrol Limited
• Indian Oil Corporation Limited
• Lubrizol
• Gazprom
• Pertamina
• Columbia Petro
• PETRONAS Lubricants International
• Quaker Chemical Corporation

Metalworking Fluids Market Segmentation:

Our report has categorized the market based on region, product type, source, end use, fluid type and industry.

Breakup by Product Type:
• Removal Fluids
• Forming Fluids
• Protection Fluids
• Treating Fluids

Breakup by Source:
• Mineral
• Synthetic
• Bio-Based

Breakup by End Use:
• Transportation Equipment
• Machinery
• Primary Metals
• Fabricated Metal Products
• Metal Cans
• Others

Breakup by Fluid Type:
• Neat Cutting Oils
• Water Cutting Oils
• Soluble Cutting Oils
• Semi-synthetic Cutting Oils
• Synthetic Cutting Oils
• Corrosion Preventive Oils
• Others

Breakup by Industry:
• Construction
• Electrical and Power
• Agriculture
• Automobile
• Aerospace
• Others

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

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