Global Metalworking Fluids Market Growth 2023-2029

Global Metalworking Fluids Market Growth 2023-2029

Product Code:456907

Published Date: Feb 08,2023

Pages: 101

Region: Global

Category: Chemical & Material

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Metalworking fluids (MWFs) are used to reduce heat and friction and to remove metal particles in industrial machining and grinding operations. There are numerous formulations, ranging from straight oils (such as petroleum oils) to water-based fluids, which include soluble oils and semisynthetic/synthetic fluids. MWFs may be complex mixtures of oils, emulsifiers, anti-weld agents, corrosion inhibitors, extreme pressure additives, buffers (alkaline reserve), biocides, and other additives.

LPI (LP Information)' newest research report, the “Metalworking Fluids Industry Forecast” looks at past sales and reviews total world Metalworking Fluids sales in 2022, providing a comprehensive analysis by region and market sector of projected Metalworking Fluids sales for 2023 through 2029. With Metalworking Fluids sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Metalworking Fluids industry.

This Insight Report provides a comprehensive analysis of the global Metalworking Fluids landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Metalworking Fluids portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Metalworking Fluids market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Metalworking Fluids and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Metalworking Fluids.

The global Metalworking Fluids market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

In the United States, Metalworking Fluids main players include Houghton, Quaker, BP, Fuchs, Exxonmobil, etc., totally accounting for about 30% of the market. As for the types of products, it can be divided into metal removal fluids, metal forming fluids, metal protecting fluids and metal treating fluids. The most common product is metal removal fluids, with a share over 50%. In terms of applications, it is widely used in automotive, general industry and others. General industry is the largest segment, with a share over 50%.

This report presents a comprehensive overview, market shares, and growth opportunities of Metalworking Fluids market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Metal Removal Fluids
    Metal Forming Fluids
    Metal Protecting Fluids
    Metal Treating Fluids

Segmentation by application
    Automotive
    General Industry
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Houghton
    Quaker
    BP
    Fuchs
    Exxonmobil
    Metalworking Lubricants
    Chevron
    Henkel
    Milacron
    Chemtool
    Yushiro
    Master Chemical
    Blaser
    Dow

Key Questions Addressed in this Report
What is the 10-year outlook for the global Metalworking Fluids market?
What factors are driving Metalworking Fluids market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Metalworking Fluids market opportunities vary by end market size?
How does Metalworking Fluids break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?