Metalworking Fluids Market: Global Industry Research Report 2020-2028

Metalworking Fluids Market: COVID-19 Impact and Global Analysis Forecast to 2028

Published Date: May 2021

No. of Pages: 201

Status: Upcoming

Report Code: EMR100018

Metal working fluids implies to those basic industrial oils that are majorly uses to lubricate and cool down the metal structures and metal work pieces when they are deployed for the grinding processes such as grinding , milling and machining among others. Metal working fluids usually helps in reducing the overall friction and heat between the metal piece and the cutting tool and hence aids in the prevention of burning or smoking of the metal piece of the cutting tool. The rising popularity of the metalworking fluids especially to improvise and enhance the total life of the tool and finish of the surface is projected to be one of the major factors fueling the growth of the global metalworking fluids market over the forecast period.

Some of the major aspects fueling the global metalworking fluids market are considerable fluctuations in the metal production as well as increasing growth of the global automotive industry owing to global economic crisis. However, the current rebound in the automotive sector has affected and brought a steady surge in the total demand for metal working fluids around the world. The increasing growth of the major and niche applications such as medical machining is one of the major elements propelling the growth of the global metal working fluids market over the forecast period. However, some of the key factors such as increasing regulations on the overall use of anti microbial chemicals coupled with the vulnerability to microbial attacks are anticipated to pose a serious threat to the overall growth of the global metalworking fluids market.

The global metalworking fluids market can be divided based on application, type, geography as well as end-use industry. Based on type, the global metalworking fluids market can be bifurcated into protection fluids, removal fluids, treating fluids and forming fluids. By application, the global metalworking fluids market can be divided into base oils and additives. The additives segment can be further sub-categorized into friction modifiers, antioxidants, corrosion inhibitors, antiwear, solvents, detergents, demulsifies, solid lubrication and anti-foam. The base oils segment can be further sub-classified into synthetic oils, mineral oils and natural oils. By end-use industry, the global metalworking fluids market can be bifurcated into metal fabrication, transport equipment, primary ferrous, machinery and primary non-ferrous. By geography, the global metalworking fluids market can be divided into Europe, North America, Latin America, Middle East & Africa and Asia Pacific. The robust demand especially in the Asia Pacific region is predictable to be one of the key driving factors for the overall growth of the global market. Moreover, China is further predictable to account for the highest share in the global market and is predictable to maintain its lead in the overall demand during the forecast period. This can be recognized to rapid industrialization and rising urbanization during the past few years. The markets in various other developing economies such as Poland, Russia, Indonesia, Brazil, Argentina, New Zealand, Korea and India among others are also predictable to witness a rapid growth throughout the forecast period. In addition to this, increasing per capita disposable income and surge in the global economy is another key factor which is anticipated to bring impetus in the growth of the
Key players in use in the global market are keeping closing eye on some of the main market strategies such as partnerships, collaborations , mergers and acquisitions in order to keep hold in the ever competitive global market. In addition, they are focus on gaining hold on the general players to strengthen their goodwill as well as to enhance their market reach in the global market. Key players in the global metalworking fluids markets include BlaserSwisslube, Houghton International, Total S.A., BP, ExxonMobil Corp, Fuchs, Chevron Corporation, Cimcool, Motul, Eni S.p.A, Ashland, Indian Oil Corporation Limited, Inc, Petronas, Quaker Chemical Corporation and Kuwait Petroleum International among others.


The global metalworking fluids market can be segmented
Based on type
• Protection fluids
• Removal fluids
• Treating fluids
• Forming fluids

Based on application
• Oils
• Additives

The additives segment can be further sub-categorized
• friction modifiers
• antioxidants
• corrosion inhibitors
• antiwear, solvents
• detergents
• demulsifies
• solid lubrication
• anti-foam

The base oils segment can be further sub-classified
• Synthetic oils
• Mineral oils
• Natural oils

By end-use industry
• Metal fabrication
• Transport equipment
• Primary ferrous
• Machinery
• Primary non-ferrous

Based on geography
• Europe
• North America
• Latin America
• Middle East & Africa
• Asia Pacific.

The Leading Key Players in Metalworking Fluids Market

BlaserSwisslube
Houghton International
Total S.A.
BP
ExxonMobil Corp
Fuchs
Chevron Corporation
Cimcool
Motul
Eni S.p.A
Ashland
Indian Oil Corporation Limited Inc
Petronas
Quaker Chemical Corporation
Kuwait Petroleum International