Metal Working Fluids Market

Metalworking Fluids Market: China to be the Next Pillar of Growth During the Forecast Period: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028

Use of cutting fluids in machining turbine casings involves the removal of large quantities of difficult-to-manufacture materials using rough milling processes. Thus, the growing application of metalworking fluids in precision machining applications is leading to increasing consumption of metalworking fluids.

End users in North America, Europe and Japan are shifting away from the use of straight oils & emulsified oils and towards synthetic and semi-synthetic oils as semi-synthetic oils have relatively low oil content, contain no mineral oils and are transparent when mixed with water. They can be used in a wide range applications, i.e. from light duty applications (drilling, surface grinding and double disk grinding, etc.) to heavy duty applications (drilling, threading, creep feed, etc.). Thus, owing to the relatively superior properties of synthetic and semi-synthetic oils, end users are adopting these oils at a relatively fast pace, which in turn, is leading to growth of metalworking fluids market.

Different countries regulate the storage and disposal of waste from machining processes and normally, regulations concerning them are stringent. Historically, regulations regarding the safe disposal of metalworking fluids have been constantly revised to cater to several different formulations and blends introduced by the manufacturers of metalworking fluids. Users of metalworking fluids have to invest in expensive effluent treatment facilities to meet environmental and waste treatment regulations. Thus, due to these initial high investments associated with the disposal of metalworking fluids, the demand for metalworking fluids is expected to decrease during the forecast period.

Major players identified in the metalworking fluids market are focusing on increasing their product portfolio and are entering into acquisitions to enhance their operational efficiency. Also, strategic collaborations and joint ventures witnessed among leading market players are likely to improve the sales and distribution network. Due to these factors, the growth of the global Metalworking Fluids market is expected to gain speedy momentum during the forecast period.

Global Metalworking Fluids Market Segmentation and Forecast

The Metalworking Fluids Market is segmented on the basis of product type into:

  • Removal Fluids

  • Protection Fluids

  • Forming Fluids

  • Treating Fluids

The Metalworking Fluids Market is segmented on the basis of category into:

  • Straight Oil

  • Emulsified Oil

  • Semi Synthetic

  • Synthetic

The Metalworking Fluids Market is segmented on the basis of end use into:

  • Metal Fabrication

  • Heavy Machinery

  • Transportation Equipment

  • General Manufacturing

The Metalworking Fluids Market is segmented on the basis of region into:

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • China

  • India

  • Japan

  • SEAP

  • MEA

Global Metalworking Fluids Market Analysis, by Region

From a regional perspective, the Metalworking Fluids market in China is projected to witness fastest growth over the forecast period. China is estimated to account for a revenue share of more than 19% in the overall metalworking fluids market by 2028 end. However, the Metalworking Fluids market in North America is expected to register a CAGR of 2.6%, in terms of volume, over the forecast period. The metalworking Fluids market in North America is expected to reach US$ 4,322.2Mn by the end of 2028 while recording a CAGR of 3.4 % over the forecast period. Metalworking Fluids market’s growth rate in MEA and Latin America is expected to remain relatively lower as compared to the global Metalworking Fluids Market average between 2018 and 2028.

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Key Players Dominating the Global Metalworking Fluids Market

Some of the players operating in the global Metalworking Fluids market are Quaker Chemical Corporation, Houghton International, BP Plc. and Yushiro Chemical Industry Co. Ltd., among others. Over the recent past, the industry players have focused on acquisitions and increasing their product portfolio to meet the growing demand from various end-user industries.

Future market Insights (FMI) analyzes the Metalworking Fluids market in its new publication titled “Metalworking Fluids Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2018 – 2028”. This study provides market intelligence on the Metalworking Fluids market for the forecast period 2018 – 2028. The main objective of the report is to identify various market dynamics and provide recent updates and insights pertaining to the segments of the global Metalworking Fluids market. To provide a better understanding of the market, the report also offers analysis of drivers, restraints and trends that will have a significant impact on the growth of the global Metalworking Fluids market over the forecast period.

Metalworking Fluids Market Segmentation

The Metalworking Fluids Market is segmented on the basis of product type into:

  • Removal Fluids

  • Protection Fluids

  • Forming Fluids

  • Treating Fluids

The Metalworking Fluids Market is segmented on the basis of category into:

  • Straight Oil

  • Emulsified Oil

  • Semi Synthetic

  • Synthetic

The Metalworking Fluids Market is segmented on the basis of End Use into:

  • Metal Fabrication

  • Heavy Machinery

  • Transportation Equipment

  • General Manufacturing

The Metalworking Fluids Market is segmented on the basis of region into:

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • China

  • India

  • Japan

  • South East Asia & Pacific (SEAP)

  • MEA

Report description

To understand and assess market opportunities and trends, the global Metalworking Fluids market report is categorically split into different sections based on product type, category, end use and regions. The report starts with the market overview, market definition and market taxonomy and discusses value chain, drivers and restraints. The report offers valuable insights on the impact of these segments on the overall market growth. To offer accurate insights, each section discusses the qualitative and quantitative aspects of the global Metalworking Fluids market. The report also provides market value (US$ Mn) data, absolute $ opportunity and total incremental opportunity for each segment to brief the reader about the revenue opportunities from the application and region/country-wise segments over the forecast period.

In the final section of the report, the report offers detailed insights on the competition landscape with company market share and performance to offer a dashboard view of key players operating in the global Metalworking Fluids market. These insights will enable clients to assess strategies deployed by market leaders and thus, help them make informed decisions.

Research methodology

For market data analysis, we have considered 2017 as the base year, with the market numbers estimated for 2018 and forecasts offered for 2018–2028. The report considers the market size of the Metalworking Fluids market at a global level and splits & evaluates the market at a regional level. The forecast assesses the total revenue (US$ Mn) of the global Metalworking Fluids market. In order to provide an accurate forecast, we started by sizing up the current market to offer crucial insights on the overall growth prospects of the global Metalworking Fluids market over the coming years. The crucial market data, including the base number and segment splits, was devised through in-depth secondary research. This data was then triangulated on the basis of different verticals, considering both supply side and demand side drivers, along with the other market dynamics identified in the regional Metalworking Fluids market. Valuable insights offered in the report have been analyzed through primary interviews with Metalworking Fluids manufacturers, distributors & suppliers and industry experts operating in the global Metalworking Fluids market. Crucial insights offered in the report evaluate the actual market size (US$ Mn) in 2017 with regard to Metalworking Fluids market and the expected Metalworking Fluids market value over the forecast period.

We have also analyzed various segments of the global Metalworking Fluids market in terms of basis point share (BPS) to understand individual segments’ relative contribution to Metalworking Fluids market growth. In-depth insights compiled in the report will allow the readers and clients to identifying various key trends governing the global Metalworking Fluids market. The report also analyses the global Metalworking Fluids market on the basis of absolute dollar opportunity. This is usually overlooked while estimating the market forecast. However, from a business development perspective, it is essential to identify absolute dollar opportunity and potential resources in the Metalworking Fluids market.  Moreover, FMI has developed a Metalworking Fluids attractiveness index to understand the key segments in terms of their performance and growth in the global Metalworking Fluids market. This market attractiveness index would help clients to identify real market opportunities in the global Metalworking Fluids market.