Metal Working Fluids Market growing at a CAGR of 2.67%

Reports And Markets Publish a New Market Research Report On –"Metal Working Fluids Market - Segmented by Base Stock, Type, Additives, Application, and Geography - Trends and Forecasts (2017 - 2022)"

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The global metal working fluids market was valued at USD 8.9 billion in 2015 and is likely to reach USD 10.152 billion by 2020, growing at a CAGR of 2.67%. Metal working fluids are oils, which are used to lubricate and cool the work pieces when they are subject to processes such as gear cutting, milling, shaping, grinding, drilling, planning, and tapping.

They aid in preventing smoking & burning and reducing the friction & heat between work piece and cutting tool. They also aid in improving the quality of the work piece by continuously removing the metal chips from the work piece and tool used.

Metal working fluids, owing to their lubricating and cooling properties, and ability to avoid thermal damage to the work piece and minimize wear of the tool, are becoming an integral part of industrial applications. In the global metal working fluids market, the following major applications were taken into consideration: fabricated metal products, machinery, metallic cans, primary metals, transportation equipment, and others.

Market Dynamics of the Global Metal Working Fluids Market:

Drivers:

Rapid industrialization in BRIC nations
Increased demand from the transportation sector

Restraints:

Vulnerability to microbial attack
Environmental & health constraints

The global metal working fluids market can be broadly segmented on the basis of base stock (bio-based, mineral oil-based, and synthetic oil-based), on the basis of types(removal fluids, forming fluids, protection fluids, and treating fluids) and on the basis of additives(antifoaming agents, anti-wear agents, corrosion inhibitors, demulsifiers, detergents, friction modifiers, oxidation inhibitors, and others).

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The market has also been geographically segmented into the Asia-Pacific, North America, Europe, South America, and the Middle-East and Africa. The Asia-Pacific region is expected to lead the market growth in the coming years, especially owing to the increasing demand for metal working fluids from the automobile manufacturers.

Furthermore, the continual industrial growth in the Middle-East and African regions and the consistent developments in the synthetic and bio-based metal working fluids will offer numerous opportunities for the growth of the market. Some of the major companies dominating this market for its products, services, and continuous product developments are:

BP plc
Chevron Corp.
ExxonMobil
Fuchs Petrolub
Houghton International
PetroChina

Key Deliverables in the Study:

Market analysis for the global metal working fluids (mwf) market, with region specific assessments and competition analysis on global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global metal working fluids market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.

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