openPR Logo
Press release

Metalworking Fluids Market to grow at a CAGR of over 4.6% from 2015 to 2024

06-20-2017 01:56 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights, Inc.

/ PR Agency: Global Market Insights, Inc
Metalworking Fluids Market to grow at a CAGR of over 4.6% from 2015

Global metalworking fluids market size is projected to reach USD 14.70 billion by 2024, with estimated gains at 4.6% CAGR.

Metalworking Fluids Market size is poised to exceed USD 14 billion by 2024; according to a new research report by Global Market Insights, Inc.

Rapidly growing automotive industry is analyzed to be the key factor propelling the global metalworking fluids market size over the forecast timeframe. In 2015, the overall automobile industry was valued at over USD 600 billion and is estimated to exceed USD 900 billion over the next eight years.

Purchase This Report by calling Global Market Insights, Inc. at 1-888-689-0688 (Toll Free) or 1-302-846-7766.

Metals are widely used in automobiles due to their physical and molecular stability and structural strength. Metalworking fluids are used as coolants in automotive applications including metal protecting, metal forming, metal removal and metal treating. Using metalworking fluids also increases the automobile part life by reducing wear & thermal deformation and increasing lubrication. This will consequently help to propel business growth over the projected timeframe.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/831

Metal fabrication industry is experiencing escalating growth and is likely to boost metalworking fluids market share by 2024, with 2015 volume being close 1.5 billion tons and projected to reach 2.3 billion tons by the end of 2024.

Steel & metal are crucial components of aerospace, automobile, original equipment manufacturers (OEMs) and machinery. Various downstream process of steel & metal such as cutting, bending and assembling, which involves the usage of these fluids, ultimately resulting in industry growth.

Stringent environmental regulations towards rising toxic leftover disposal may hamper metalworking fluids market share. Worker health risk concerns through these fluids may obstruct growth. Strong demand indicators of alloys such as aluminum in the automotive and aerospace industry may restrict product demand over the forecast timeframe, as these compounds do not demand metalworking fluids during the machining process.

Petrochemicals are the basic raw materials used in the industry, oscillating crude oil prices may negatively influence metalworking fluids market price trends. However, emergence of bio-based metalworking fluids market has created new growth avenues for the industry participants.

Browse key industry insights spread across 108 pages with 86 market data tables & 12 figures & charts from the report, “Metalworking Fluids Market Size By Application (Removal, Forming, Protecting, Treating), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC) Application Potential, Price Trends, Competitive Market Share & Forecast, 2015 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/metalworking-fluids-market


Key insights from the report include:
• In 2015, metalworking fluids market size for protecting fluids generated revenue more than USD 1.2 billion. Protective fluids form a thin insulating layer in between the metal surface and contaminant including water, moisture, air and other corrosion-forming elements.

• Metalworking fluids market share for treating fluids is analysed to witness gains more than 2.5% CAGR by 2024. These fluids are widely used to maintain temperature in the quenching and metalworking processes.

• In 2015, North America, mainly led by the U.S. metalworking fluids market share was valued more than USD 2.5 billion. Improving OEM and automotive sector in the U.S. post economic downturn is the major reason for regional growth.

• Europe, led by Germany and UK, metalworking fluids market size will witness 4% CAGR over the forecast timeframe.

• Asia Pacific, particularly led by India, China and Indonesia, metalworking fluids market size was dominant region in 2015. The regional business growth was mainly driven by rapid industrialization accompanied with escalating automotive sector.

• In 2015, the global metalworking fluids market was competitive. Some of the product manufacturer contributing the industry share includes Castrol Limited, Lukoil Lubricants, Apar Industries, FUCHS, Chevron Phillips Chemical Company LP, Exxon Mobil Corporation, The Lubrizol Corporation and Lukoil Lubricants.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/831

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.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 to grow at a CAGR of over 4.6% from 2015 to 2024 here

News-ID: 587717 • Views: 114

More Releases from Global Market Insights, Inc.

Ammonium Metavanadate Market to surpass USD 85 million by 2025| American Element …
Booming construction sector globally owing to urban population growth & industrialization will boost the requirement for ceramic tiles & sanitaryware, thus accelerating ammonium metavanadate market growth. The product finds widespread usage as a raw material for producing ceramic glazes and colorants. Substantial economic growth, favorable government policies to boost infrastructure sector and significant investment in telecommunication facilities should drive product adoption in ceramic industry. Global powder form market should surpass USD
Organic Hair Care Market Analysis By 2026|Leading key players are Evonik Industr …
Organic Hair Care Market size is expected to witness a swell in interest owing to the growing usage of natural ingredients based outcomes as they are healthy for hair. Developing demand for sulfate-free products is prognosticated to propel production growth. The upsurge in the personal care and excellence enterprise is also one of the key factors to support the product demand. The information provided in the report is likely
Furfural Market Analysis by key Players Kao, Avalon, The Colgate-Palmolive, Bent …
Increase in consumption of pesticides and fungicides in agriculture sector in various countries has flourished the furfural market. Rise in demand of the product in pharmaceutical sector is one of the prime indicator in boosting the industry growth.. The information provided in the report is likely to help manufacturers involved in the production of bulk and specialty chemicals, polymers, resins, lubricants, detergents, soaps, coatings, preservatives, fluids, biocides, oilfield chemicals, specific chemicals,
Water Based Enamel Market to register an appreciable growth rate through 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the " Water Based Enamel Market". This report provides an exhaustive account of the industry including: o Water Based Enamel Market size, historical from 2015 to 2019 and annual forecast from 2020 to 2026 o Major water based enamel industry trends, technology evolution, economic indicators and business challenges o Regulatory and geopolitical trends impacting the industry o Business drivers and pitfalls impacting key regional markets o

All 5 Releases


More Releases for Metalworking

Global Metalworking Fluids Market 2017 - Fuchs, Exxonmobil, Metalworking Lubrica …
Metalworking fluids (MWFs) are used to reduce heat and friction and to remove metal particles in industrial machining and grinding operations. There are numerous formulations, ranging from straight oils (such as petroleum oils) to water-based fluids, which include soluble oils and semisynthetic/synthetic fluids. MWFs may be complex mixtures of oils, emulsifiers, anti-weld agents, corrosion inhibitors, extreme pressure additives, buffers (alkaline reserve), biocides, and other additives. Scope of the Report: This report focuses
Europe Metalworking Fluids Market Research Report 2016
The Metalworking Fluids Market Research Report 2017 is a professional and in-depth study on the current state of the Metalworking Fluids industry. Read Complete Report @ http://www.marketresearchstore.com/report/europe-metalworking-fluids-market-research-report-2016-109048 The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Metalworking Fluids market analysis is provided for the markets including development trends, competitive landscape analysis, and key regions development status. The report studies the Metalworking Fluids market
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
Japan Metalworking Machine Market Report 2016
This report studies sales (consumption) of Metalworking Machine in Japan market, focuses on the top players, with sales, price, revenue and market share for each player, covering Hurco Hardinge Kennametal MAG Giddings & Lewis Amada DMG Mori Seiki Shenyang Machine Tool Request Sample Report Here: http://www.reportbazzar.com/request-sample/?pid=731609&ptitle=Japan+Metalworking+Machine+Market+Report+2016&req=Sample Split by product types, with sales, revenue, price, market share and growth rate of each type, can be divided into Single/multistation transfer machines Lathes for removing metal Metal drilling machines Metal tapping and threading machines Metal sharpening machines Metal