The metalworking fluids global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Metalworking Fluids Market, 2024 report
by The Business Research Company offers comprehensive insights into the current
state of the market and highlights future growth opportunities.
Market Size -
The metalworking fluids market size has grown strongly in recent years. It will
grow from $12.21 billion in 2023 to
$13 billion in 2024 at a compound annual
growth rate (CAGR) of 6.5%. The growth in the historic period can be
attributed to manufacturing growth, cutting and forming operations, corrosion
prevention, regulatory compliance, automotive industry.
The metalworking fluids market size is expected to see strong growth in the
next few years. It will grow to $16.86
billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be
attributed to metal recycling, aerospace applications, metal alloys and
composites, circular economy practices, resilience and safety. Major trends in
the forecast period include sustainable formulations, advanced materials, smart
manufacturing, electrification in transportation, biocompatible materials.
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Scope Of Metalworking Fluids Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Metalworking Fluids Market Overview
Market Drivers -
The growing automotive sector is expected to fuel the growth of the
metalworking fluids market in the forecast period. The automotive industry is
made up of a diverse group of businesses and organizations that are involved in
the design development, production, marketing, and sale of automobiles.
Metalworking fluids, which minimize heat and friction in industrial cutting and
grinding operations, are frequently utilized by automobile manufacturers in the
manufacturing of car parts and other equipment. For instance, Hyundai Motor
Company, a South Korea-based automotive manufacturer announced a 23.8%
year-over-year rise in domestic deliveries to 52,005 units in January 2021.
Moreover, according to the India Brand Equity Foundation (IBEF), in 2020,
roughly 3.49 million units of commercial and passenger vehicle categories were
sold in India. Therefore, the growing automotive sector drives the growth of
the metalworking fluids market.
The metalworking fluids market covered in this report is segmented –
1) By Type: Mineral, Synthetic, Bio-Based
2) By Application: Neat Cutting Oils, Water Cutting Oils, Corrosion Preventive
Oils, Other Applications
3) By End-Use Industry: Construction, Electrical And Power, Automobile, Metal
Fabrication, Transportation Equipment, Other End-Use Industries
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market, Request now for Sample Report @
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Regional Insights -
Asia-Pacific was the largest region in the metalworking fluids market in 2023.
North America was the second-largest market in the metalworking fluids market
share. The regions covered in the metalworking fluids market report include
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East and Africa.
Key Companies -
Major companies operating in the metalworking fluids market include ExxonMobil Corporation, TotalEnergies SE,
Houghton International Inc., Henkel AG & Co. KGaA, Fuchs Petrolub SE,
Quaker Chemical Corporation, Hindustan Petroleum Corporation Limited, Castrol
Ltd., Lubri-Graph Corporation, Croda International plc, Shell plc, Lukoil Oil
Company, China Petroleum & Chemical Corporation, Apar Industries Limited,
Yushiro Chemical Industry Co. Ltd., Idemitsu Kosan Co. Ltd., Cimcool Industrial
Products Inc., Blaser Swisslube Co. AG, Motul India Private Limited, Oelheld
Inc., Moresco Corporation, QualiChem Ltd., Master Chemical Corp., Hardcastle
Petrofer Private Limited, Chevron
Phillips Chemical Company, Total Lubricants USA Inc., Petro-Canada Lubricants
Inc., Royal Purple LLC, Valvoline Inc., Warren Oil Company Inc.
Table of Contents
1. Executive Summary
2. Metalworking Fluids Market Report
Structure
3. Metalworking Fluids Market Trends And
Strategies
4. Metalworking Fluids Market – Macro
Economic Scenario
5. Metalworking Fluids Market Size And
Growth
…..
27. Metalworking Fluids Market
Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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