About Metalworking Fluids
Metalworking fluids are utilized for metal removal, metal treatment, metal protection, and metal forming applications. The metalworking fluids accomplish various functions including improving surface finish, corrosion protection, protecting component metallurgy cleanliness of machine surfaces, and others. Along with the growing demand in power supply business across all the industrial applications, where high standards of continuously high power precision are highly needed. These are the reasons which drive the metalworking market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global metalworking fluids market is strongly competitive and the market rivalry is among the top 10 players in the market. There are some new market entrants in this competition, but they did not cover any big portion of the market share. TO become more competitive the players making various business strategies to improve their market position and its profitability. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Metalworking Fluids market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Apar Industries (India), BP (United Kingdom), China Petroleum and Chemical Corporation (Sinopec Group) (China), The Dow Chemical Company (United States), Exxon Mobil Corporation (United States), Fuchs Lubricants (United States), Houghton International (United States), Huntsman Corporation (United States), Idemitsu Kosan, Co., Ltd. (Japan) and Henkel (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Total SA (France), PBF Energy (United States) and Quaker Chemical Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Metalworking Fluids market by Type (Removal Fluids, Protection Fluids, Forming Fluids and Treating Fluids), Application (Fabricated Metal Products, Machinery, Transportation Equipment and Others) and Region.
On the basis of geography, the market of Metalworking Fluids has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Metalworking Oil Category, the sub-segment i.e. Water Soluble and Straight Cutting Oils will boost the Metalworking Fluids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Synthetic will boost the Metalworking Fluids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption from the Construction Industry, Along with Increasing Funding From the Government from the Emerging Countries
Market Growth Drivers:
Increase in Commercial Vehicles in Developed Regions and Advancement in Metal Component Market
Challenges:
High Cost Associated With Metalworking Fluids
Restraints:
Rising Environment Concern from the End Users
Opportunities:
Advancement in the automobile industry, along with high adoption of metalworking in the automotive business for applications including applications such as metal removal, metal forming, metal treatment, and metal protection. Simultaneously increasing the adoption of lightweight commercial vehicle which is driving the metalworking fluids market.
Market Leaders and their expansionary development strategies
In September 2022., FluidWorker is a product family that uses UV light to prevent the growth of bacteria in metalworking fluids without using hazardous biocides. FluidWorker®150 is the latest product in the range with new features like automation of the daily fluid maintenance by measuring and adjustment of the concentration and machine tank level.
In May 2019, ABITEC announced the launch of its multifunctional emulsifiers and surfactants, especially for the major market. The company is focusing on bringing environmentally friendly solutions to this market by providing high-quality services. The company is trying to develop high-quality ingredients across the globe.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Metalworking Fluids Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.