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Metalworking Fluids Market Size - By Product Type, Trends, Share, Size, By End User Application, By Region-Global Forecast to 2024 by Acumen Research and Consulting

Acumen Research and Consulting

Acumen Research and Consulting

Metal working fluids refer to those oils which are primarily used to cool down and lubricate the metal work structures when they are exposed to grinding processes including grinding, milling and machining among others. Metal working fluids generally reduce the heat and friction between the cutting tool and the metal piece and thus helps in preventing smoking or burning. The increasing popularity of metalworking fluids in order to improvise the tool life and surface finish is anticipated to be a key factor driving the growth of global metalworking fluids market during the forecast period. In addition, the global metal working fluids market is projected to be strongly fragmented attributing to more than 50% of market being served by small industry players which focuses on specific end users and applications along with key geographic areas having a loyal customer base. The removal fluid segment is projected to play a crucial role in propelling the overall growth of global metal working fluids market owing to its increasing use as a coolant across industrial applications and manufacturing units.

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The rapid growth of niche applications such as medical machining is a key factor accelerating the growth of global metal working fluids market across the globe. However, some factors including regulations on the use of anti-microbial chemicals and vulnerability to microbial attack are posing serious threat to the growth of metalworking fluids and are expected to maintain their effect throughout the forecast period. Furthermore, technological advancements including minimum quantity lubrication and high compression machining is projected to replace the conventional metalworking machineries, thus boosting the demand for metal working fluids over the forecast period. Also, increasing awareness among consumers regarding the ill and hazardous effects of metalworking fluids coupled with high risk associated with the use of semi synthetic and synthetic metalworking fluids has forced manufacturers to concentrate on research & development for the development of user friendly and environment friendly bio based metal working fluids. Also, strong government initiatives in various developing countries support the manufacturing of metalworking fluids and have resulted in an enhanced production output. This factor is expected to pose a positive impact on the global metalworking fluids market.

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Market Classification:

The Global Metalworking Fluids Market can be segmented on the basis of type, application, end-use and geography. On the basis of type, the global metalworking fluids market can be segmented into removal fluids, protection fluids, forming fluids and treating fluids. By application, the global metalworking fluids market can be segmented into additives and base oils. The additives segment can be further sub-segmented into antioxidants, friction modifiers, anti-wear, corrosion inhibitors, detergents, solvents, solid lubrication, demulsifies and anti-foam. The base oils segment can be further sub-segmented into mineral oils, synthetic oils and natural oils. By end-use, the global metalworking fluids market can be segmented into transport equipment, metal fabrication, machinery, primary ferrous and primary non-ferrous. By geography, the global metalworking fluids market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Market Participants:

Key players in the global metalworking fluids market include Blaser Swisslube, Houghton International Inc., Total S.A., BP, Fuchs, ExxonMobil Corp, Cimcool, Chevron Corporation, Eni S.p.A, Motul, Ashland, Inc, Indian Oil Corporation Limited, Kuwait Petroleum International, Petronas and Quaker Chemical Corporation among others.

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Market Segmentation

Market by Type

Removal fluids

Protection fluids

Forming fluids

Treating fluids

Market by Application

Additives

o Antioxidants

o Friction modifiers

o Anti-wear

o Corrosion inhibitors

o Detergents

o Solvents

o Solid lubrication

o Demulsifies

o Anti-foam

Base oils

o Mineral oils

o Synthetic oils

o Natural oils

Market by End-use

Transport equipment

Metal fabrication

Machinery

Primary ferrous

Primary non-ferrous

Market by Geography

North America

o US

o Canada

o Mexico

Europe

o UK

o Germany

o France

o Rest of Europe

Asia-Pacific

o China

o Japan

o India

o Philippines

o Rest of Asia-Pacific

Latin America

o Brazil

o Chile

o Rest of Latin America

Middle East and Africa (MEA)

o South Africa

o Saudi Arabia

o Rest of MEA

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About Us

Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

Contact -

Frank Wilson

Sales Manager | Acumen Research and Consulting

Email: frank@acumenresearchandconsulting.com

Ph - USA +1 716-240-831

Asia-Pacific +912065600384

Website: https://www.acumenresearchandconsulting.com

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