Growth Opportunities in Metal Removal Fluids Market: New Research Report 2017 - 2027

Metal Removal Fluids are generally used in the metal working processes involving use of industrial milling and grinding operations. During the cutting process, significant amount of heat is generated in both, metalworking tools and in the machined parts. This is likely to impact the physical properties of the end product and may also result in tool damage. Metal removal fluids enable cooling of the metal tool and machined parts during the metal working operation. Also, the metal removal fluid enhance workability at relatively higher pressure and temperatures, this helps in reducing heat and friction in ferrous and non-ferrous metals and further provides ability to operate for relatively longer time period. During metalworking operations in high temperature and high pressure conditions, damages such as gouging and tearing to the surface are likely to arise. In order to ensure that such complications are avoided, metal removal liquid is formulated in such a way that it exhibits relatively lower coefficient of friction and enhanced flow-ability. Commercially metal removal fluids are available in to two types, water miscible oils and non-water miscible oils. Water miscible oils is further segmented into soluble, synthetic and semi-synthetic oils which are find relatively higher application in machinery segment and metal fabricated products. These oils are synthesized in a way which enables them to provide extensive range of performance abilities for different applications and also meeting all the industrial requirements.

Metal Removal Fluids Market: Drivers and Restraints

Globally, metal removal fluids are finding adoption and consumption in a variety of end-use industries and the similar trend is expected to be witnessed in the near future owing to the better performance capabilities of the metal removal fluids that meet the exacting industrial requirements. Development and introduction of novel products with attributes like ability to impart safeguard against corrosion, excessive heating and friction are expected to drive the growth in consumption and demand for metal removal fluids across key end use industries. Steady increase in vehicle production over the last few years is expected to propel the demand for metal removal fluids especially in forging, stamping and machining applications. Growing automotive, transportation and machinery industry is projected to boost the demand for metal removal fluid in the near future. Major companies are strengthening their product portfolio and focusing towards new product development by increasing their R&D activities and investments. Major companies are focused towards synthesis of synthetic and semi synthetic types of metal removal fluids which are efficacious and ensure improved efficiency.Synthetic metal removal fluids are in demand now a days as they provide benefits such as low foaming tendency and excellent visibility during metal working processes. Apart from these, there are certain factors that are likely to hinder the growth of metal removal fluids market during forecast period. These include health and safety issues, negative impact on environment and vulnerability towards microbial attack. During synthesis of metal removal fluids, basic ingredients used include a rich mixture of glycol fatty acids, soaps and amines. These mixtures are prone to microbial attack which negatively impacts the efficacy of the solution.

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Metal Removal Fluids Market: Segmentation

On the basis of Product Type, the Metal Removal Fluids Market can be segmented as:

Straight Cutting Oils

Soluble Oils

Semi-Synthetics

Synthetics

On the basis of Metal Type, the Metal Removal Fluids Market can be segmented as:

Ferrous

Non-Ferrous

Metal Removal Fluids Market: Region Wise Outlook

The global metal removal fluids market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). As of 2016. The growth in developed regions such as Western Europe, Japan and North America is anticipated to be driven by growth of industries such as automotive, transportation and metal forming. APEJ and Latin America regions are also expected to register rapid growth due increasing demand for metal removal fluids. With encouraging government regulation to draw investment in the APAC region major overseas player are opting to shift their manufacturing facilities towards the region. Countries in this region are also witnessing increase in manufacturing units mainly in the emerging economies such as China, South Korea and India. Market in MEA region is also anticipated to expand with a steady CAGR over the forecast period.

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Examples of some of the market participants in the global Metal Removal Fluids Market identified across the value chain include:

Quaker Chemical Corporation

2V Industries, Inc.

Houghton Metalworking Fluids

Lubra S.P.A

Henkel Corporation

Hirschmann Engineering USA, Inc.

Petro-Canada Lubricants, Inc.

Miller Industrial Fluids, LLC

Lubrizol Corporation

FUCHS Lubricants

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This release was published on openPR.