Press release
Global Metalworking Fluids Market with Current Trends Analysis, 2015-2022
Global Metalworking Fluids Market is accounted for $8.52 billion in 2015 and is expected to reach $11.15 billion by 2022 growing at a CAGR of 3.9% during the forecast period. Growth of automobile and heavy machinery industries in emerging economies is one of the key factors driving the market growth. On the other hand, reduction in metal parts by automakers and OEM’s is hindering the market.Owing to its rising consumption in coolants, cutting oils and grinding fluids, removal fluids is expected to grow at a significant rate. Asia Pacific is the largest market driven by the robust manufacturing base in China and India. Strong government initiatives to support the manufacturing sector in China have led to an enhanced production, which is anticipated to have an optimistic impact on the industry.
Some of the key players in the market include Apar Industries, BP PLC, Chevron Corp., Exxonmobil Corp., Fuchs Petolub AG, Hindustan Petroleum Corporation Limited, Houghton International Inc., Idemitsu Kosan Co. Ltd, Kuwait Petroleum International, Lubrizol Corp., Lukoil Oil Co., Quaker Chemical Corporation, Royal Dutch Shell Plc, Sinopec Ltd and Total S.A.
Get a PDF Sample of Global Metalworking Fluids Market Report at: http://www.orbisresearch.com/contacts/request-sample/184637
Material Covered:
Synthetic
Bio-based
Mineral
Application Covered:
Additives
Demulsifiers
Friction modifiers
Antifoam
Corrosion inhibitors
Antioxidants
Detergents
Solid lubrication
Antiwear
Solvents
Product Type Covered:
Protecting Fluids
Treating Fluids
Removal Fluids
Forming Fluids
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