According tStratistics MRC, the Global Metalworking Fluids Market is accounted for $8.52 billion in 2015 and is expected treach $11.15 billion by 2022 growing at a CAGR of 3.9% during the forecast period. Growth of automobile and heavy machinery industries in emerging economies is one of the key factors driving the market growth. On the other hand, reduction in metal parts by automakers and OEM’s is hindering the market.
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Owing tits rising consumption in coolants, cutting oils and grinding fluids, removal fluids is expected tgrow at a significant rate. Asia Pacific is the largest market driven by the robust manufacturing base in China and India. Strong government initiatives tsupport the manufacturing sector in China have led tan enhanced production, which is anticipated thave an optimistic impact on the industry.
Some of the key players in the market include Apar Industries, BP PLC, Chevron Corp., Exxonmobil Corp., Fuchs Petolub AG, Hindustan Petroleum Corporation Limited, Houghton International Inc., Idemitsu Kosan Co. Ltd, Kuwait Petroleum International, Lubrizol Corp., Lukoil Oil Co., Quaker Chemical Corporation, Royal Dutch Shell Plc, Sinopec Ltd and Total S.A.
Material Covered:
Synthetic
Bio-based
Mineral
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Application Covered:
Additives
Demulsifiers
Friction modifiers
Antifoam
Corrosion inhibitors
Antioxidants
Detergents
Solid lubrication
Antiwear
Solvents
Product Type Covered:
Protecting Fluids
Treating Fluids
Removal Fluids
Forming Fluids
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt
What our report offers:
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