Metalworking Fluids Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Metalworking Fluids Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : March, 2020 | Chemical & Materials | PPT format

Report Digest


Global Metalworking Fluids Market: Overview

Metalworking fluids is a term used for a range of fluids such as oils that are used for reducing fiction and heat, apart from removing metal particles in industrial processes. Primarily used as lubricity bases in formulation of water-soluble grinding and cutting fluids, metalworking fluids are deployed in forming operations such as rolling, stamping, and drawing. These fluids can be mixtures of anti-weld agents, oils, corrosion inhibitors, emulsifiers, biocides, extreme pressure additives and buffers.

Global Metalworking Fluid s Market: Key Trends

The usage of metalworking fluids in several end-use industries such as appliances, aerospace, machinery and automotive are likely to result in increased demand. Presently, there has been a rising preference for synthetic fluids. As against conventional fluids, synthetic fluids possess advanced functions and forms, providing precise concentration measurements and reducing the chances of oil contamination. The growing demand for these metalworking fluids is expected to accelerate the market expansion.

On the other hand, the occupational and environmental hazards posed by these fluids are considered key factors restricting the growth of the market. Workers who are exposed to these fluids might develop respiratory disorders such as asthma, hypersensitivity pneumonitis, and chronic bronchitis apart from skin related conditions.

However, the negative impact of these deterrents can be counterbalanced by the introduction of bio-based metalworking fluids. These are obtained from natural materials such as plant oil and animal fats. As bio-based metalworking fluids are not only cost-efficient, but also environment friendly and safe for workers, this segment is slated for stupendous growth.

Global Metalworking Fluids Market: Market Potential

A number of product innovations in the field of metalworking fluids have cropped up over the last few years. For example, in February 2017, TRIM MicroSol 590XT, a new metalworking fluid launched by Master Chemical Corporation, received the approval of Boeing, a leading aerospace company. The product is to be used in the making of aircraft families such as 767, 737, and 777.

In the same month, a nitrate-free acid mixture possessing extraordinary resistance to ferrous corrosion was launched by Verdezyne Inc., in partnership with Aceto Corporation. This product can be used in the production of metalworking fluids.

Similarly, Milacron Holdings Corp. announced the launch of CIMPERIAL® 35-880, a highly efficient emulsion fluid designed for heavy-duty machine operations, in early February 2017. Aimed at catering to the needs of aerospace sector, the product can also be used in automotive and industrial applications. The product claims to have high resistance to corrosion, apart from boasting CimShield technology.

Global Metalworking Fluids Market: Regional Outlook

The metalworking fluids market in North America is expected to display tremendous growth. Benefitted by the increasing opportunities in the U.S., this region is likely to emerge at the fore of the global landscape. Steady recovery of the automotive manufacturing and original equipment manufacturers (OEM) from economic downturn is likely to aid expansion. Europe might also witness considerable growth, driven by the presence of leading automotive manufacturers in Germany.

Asia Pacific promises great potential for further expansion owing to the flourishing automotive sector, large scale industrialization, growing infrastructural development, and beneficial policies of the governments. The Asian countries such as India, China, Indonesia, and Japan are likely to emerge as the key contributors.

Global Metalworking Fluids Market: Competitive Analysis

In terms of competition, the market appears to be highly fragmented, with smaller players catering to a majority of end users. Some of the major companies operating in the global market for metalworking fluids are Castrol Limited, FUCHS, The Lubrizol Corporation, Apar Industries Ltd, Idemitsu Kosan Co. Ltd, Exxon Mobil Corporation, Lukoil Oil Company, Chevron Phillips Chemical Company LP, Total S.A., and Chem Arrow Corporation.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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