Metalworking fluids are chemical solutions that are used to improve the performance of machining tools during manufacturing operations. They have excellent resistance to chemicals and provide lubrication to various metal parts. They are classified into forming fluids, removal fluids, protecting fluids, and treating fluids. The automotive, metal fabrication, machinery, and manufacturing industries are some of the major end users of metalworking fluids.
Market Dynamics
- The formation of partnerships and collaborations among major manufacturers of machinery and tools for strengthening their regional as well as global presence is a major trend in the market. For instance, in February 2023, Univar Solutions and Milliken signed an agreement to automate the liquid dyes market in North America for lubricants and metal working fluids.
- The growing transportation industry is expected to drive the market growth of the metalworking fluid. In 2021, the U.S. Exported a substantial amount of transportation equipment including aircraft, helicopters, and aircraft parts.
- Fluctuating prices of crude oil due to the geopolitical scenario is expected to hamper the market growth of the global metalworking fluids market.
Key features of the study:
- This report provides an in-depth analysis of the global metalworking fluids market, and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global metalworking fluids market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- The key companies covered as a part of this study include Apar Industries Ltd., Castrol Limited, Chevron Phillips Chemical Company LP, Chem Arrow Corporation, Exxon Mobil Corporation, FUCHS, Houghton, Lukoil Lubricants, and The Lubrizol Corporation
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future products launches, technology up-gradation, market expansion, and marketing tactics
- The global metalworking fluids market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global metalworking fluids market
Detailed Segmentation:
- Global Metalworking Fluids Market, By Application:
- Removal Fluids
- Forming Fluids
- Protecting Fluids
- Treating Fluids
- Global Metalworking Fluids Market, By Region:
- North America
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Company Profiles
- Apar Industries Ltd.
- Castrol Limited
- Chevron Phillips Chemical Company LP
- Chem Arrow Corporation
- Exxon Mobil Corporation
- FUCHS
- Houghton
- Lukoil Lubricants
- The Lubrizol Corporation
