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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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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