Press release
Metalworking Fluids Market for Removal, Forming, Protecting and Treating Applications - Global Industry Analysis, Growth, Trends and Forecast 2016 - 2024
Transparency Market Research has published a new market report titled “Metalworking Fluids Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.” According to the report, the global metalworking fluids market was valued at US$9.91 bn in 2015 and is anticipated to reach US$14.79 bn by 2024, expanding at a CAGR of 4.6% between 2016 and 2024.Metalworking fluids are used as coolants and lubricants in metalworking processes. They are also known as cutting fluids. Based on different applications, they have been segmented into removal fluids, forming fluids, treating fluids, and protecting fluids. Metalworking fluids are manufactured using different raw materials and processes such as petroleum distillates, animal fat, plant oil, air, and water. Metalworking fluids are categorized into different product type such as neat oil, soluble oil, semi-synthetic fluids, and synthetic fluids.
Interpret a Competitive outlook Analysis Report with free PDF Brochure: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=10085
Removal fluids accounted for more than 50% volume share of the global metalworking fluids market in 2015. Growth in automation and metal fabrication industries is estimated to drive the market for metalworking fluids during the forecast period. Removal fluids are employed in lubricating the metal surface while removing excess metal from the job piece. Forming fluids was the second largest application segment, followed by protecting fluids and treating fluids, in 2015. Rolling oil, and stamping and drawing fluids are the types of forming fluids that are generally used in end-user industries such as steel & metal. Global demand for metalworking fluids is projected to increase in the near future due to growth in end-use industries such as automation, and steel & metal. Waste disposal of metalworking fluids and health risks to operators are the major constraints likely to hamper the market growth in the near future. Increase in research and development activities in the metalworking fluids market to overcome the environmental disposal issue and health risks to operators is expected to further stabilize the demand for metalworking fluids in the near future.
Asia Pacific accounted for major share of the global market in 2014, driven primarily by the growth in economy of countries such as China and India and those in the ASEAN region. Automotive, metal fabrication, and steel & metal industries are anticipated to expand significantly during the forecast period. This, in turn, is estimated to boost the demand for metalworking fluids in the near future.
Major players operating in the metalworking fluids market include Castrol Limited, Chevron Phillips Chemical Company, Chem Arrow Corporation, Exxon Mobil Corporation, FUCHS, and Houghton.
This report segments the global metalworking fluids market as follows:
Metalworking Fluids Market – Application Analysis
Removal fluids
Forming fluids
Protecting fluids
Treating fluids
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Mr. Sudip.S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Metalworking Fluids Market for Removal, Forming, Protecting and Treating Applications - Global Industry Analysis, Growth, Trends and Forecast 2016 - 2024 here
News-ID: 347652 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Metalworking
Global Metalworking And Maintenance Machinery Market Size by Application, Type, …
According to Market Research Intellect, the global Metalworking And Maintenance Machinery market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The metalworking and maintenance machinery market is witnessing robust growth due to the increasing demand from…
Metalworking Fluids Market 2021 Analysis by Top Manufacturers - Houghton, Quaker …
Metalworking Fluids Market report provides an intricate analysis of market trends that shall affect the overall market. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market value and volume of the market. Moreover, the report offers insights on the current stature of key market players in the competitive landscape analysis of this market. The report also provides epidemiology and market forecast till 2024 with the impact…
Global metalworking fluids Market Report 2018 Companies included Houghton, Quake …
We have recently published market research report on metalworking fluids . For inquiry email us at: sales@marketreportscompany.com
Report includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR. The report also provides detailed segmentation on the basis of product type, applications and regional segmentation. The regional segment is…
Global Metalworking Fluids Trends and Forecast
The Global Metalworking Fluids Market Research Report Forecast 2016-2021 is a valuable source of insightful data for business strategists. It provides the Metalworking Fluids industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Metalworking Fluids market study provides comprehensive data which enhances the understanding, scope and…
China Metalworking Fluids Market Segment
The China Metalworking Fluids Market Research Report Forecast 2016-2021 is a valuable source of insightful data for business strategists. It provides the Metalworking Fluids industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Metalworking Fluids market study provides comprehensive data which enhances the understanding, scope and…
Europe Metalworking Fluids To Innovate Industry
The Europe Metalworking Fluids Market Research Report Forecast 2016-2021 is a valuable source of insightful data for business strategists. It provides the Metalworking Fluids industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Metalworking Fluids market study provides comprehensive data which enhances the understanding, scope and…
