Metalworking Fluids Market to Grow by 3.4% CAGR through 2026
According to Future Market Insights’ report,
In 2016, around 2,473,987 metric tonnes of metalworking fluids were sold across the globe
This number is likely to cross just over 3,400,000 metric tonnes during the decade-long forecast period and showcase a 3.2% CAGR
The global market for metalworking fluids, which is presently valued at US$ 9 Bn, is likely to reach US$ 12.6 Bn by 2026-end
The market is anticipated to face major challenge from rising adoption of newer processes that require lesser or fluids in machining
Request For Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-517
Stringent regulations regarding disposal of waste metalworking fluids will also curb their production and impact the business of manufacturers
The report, titled “Metalworking Fluids Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” has profiled leading companies in the global metalworking fluids market. These manufacturers of metalworking fluids are likely to bear the brunt stringent environmental regulations and laws that prevent the use of such fluids due to the hazardous effects upon exposure. Companies such as Apar Industries Ltd, BP plc, China Petroleum & Chemical Corporation (Sinopec Group), The Dow Chemical Company, Exxon Mobil Corporation, Fuchs Lubricants (a Fuchs Petrolub SE Subsidiary), Houghton International (a Gulf Oil Company), Huntsman Corporation, Idemitsu Kosan Co., Ltd., Quaker Chemical Corporation, and Total SA, are expected to remain prominent metalworking fluids suppliers through 2026.
The report also reveals that North America and the Asia-Pacific excluding Japan region will be at the forefront of market expansion. The demand for metalworking fluids will be higher in these two regions, revenues from which will procure more than 60% share of the global revenues. The report has also identified transportation equipment industry as the largest end-use industry for metalworking fluids. In 2017, over US$ 4 Bn worth of metalworking fluids is anticipated to be consumed for lubricating transportation equipment. Metal fabrication will also remain a key end-use of metalworking fluids, but will incur a marginal dip in its global market value share towards the latter half of the forecast period.
Send an Enquiry @ http://www.futuremarketinsights.com/askus/rep-gb-517
Besides, the moderately growing market has also been segmented on the basis of fluid categories. The report estimates that in 2017 and beyond, revenues from sales of straight oil metalworking fluids and synthetic metalworking fluids will have surpassed US$ 6 Bn. Similarly, the demand for removal and forming metalworking fluids will be considerably high through 2026. Collectively, revenues from global sales of removal fluids and forming fluids will have procure nearly 80% share of global market value by 2026-end.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
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 by 3.4% CAGR through 2026 here
News-ID: 667306 • Views: 93
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for CAGR
Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small