According to the recently released report by HNY Research, the global Metalworking Fluids Market was valued at USD 273.82 Million in 2022 and will grow with a CAGR of 2.25% from 2022 to 2028.
The main objective of this report is to provide post-COVID-19 impact insights that will help market players in this field to evaluate their business approaches. Further, this report covers market segmentation by major markets, types, applications/end users, and geography (North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa , Oceania, South America).
Metalworking fluids (MWF) are used to reduce heat and friction and to remove metal particles in industrial machining and grinding operations. There are many formulations, ranging from removal fluids (such as petroleum oils) to water-based fluids, which include treatment fluids and semi-synthetic/protective fluids. MWFs can be complex mixtures of oils, emulsifiers, anti-weld agents, corrosion inhibitors, extreme pressure additives, buffers (alkaline reserve), biocides and other additives. In use, the complexity of the fluid is compounded by contamination from substances from the manufacturing process (such as foreign oils, hydraulic fluids, and particles from grinding and machining operations). In recent years, the global metalworking fluids market has grown steadily, with an average growth rate of 2.3%. In 2016, the global turnover of Metal Working Fluids is nearly 8301 M USD; the actual sales volume is around 2671 K MT. The global average price of metal working fluids is decreasing from 3250 USD/MT in 2012 to 3108 USD/MT in 2016. With the situation of the global economy, the prices will be on a downward trend in the next five years. The classification of metalworking fluids includes disposal fluids, process fluids, metal forming fluids, and shielding fluids. The proportion of disposal fluids in 2016 is about 50.20% and the proportion of metal processing fluids in 2016 is about 29.26%. Metalworking fluids are used in automotive, general and other industries. The largest proportion of metalworking fluids used in general industry was 51.21% in 2016, compared to 34.81% in the automotive industry. Asia-Pacific is the largest consumption location, with a market share of nearly 41.04% in 2016. North America is the second largest consumption location with a market share of 26.88%. The US market was USD 2.03 billion in 2016 and is expected to witness a significant increase due to the high consumption of the product in the automotive sector in the US Strong manufacturing base of the automotive industry coupled with growing demand in Germany , and Russia is expected to increase demand in Europe during the forecast period. Market competition is intense. With the development of society and the changing demand of consumers, the metalworking fluid industry will be more and more popular in the future.
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By Verdors Market:
Metal removal liquids
Metal working fluids
Metal forming fluids
Metal protection fluids
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Key indicators analyzed
Market Players and Competitor Analysis: The report covers major industry players including company profile, product specifications, production capacity/sales, revenue, price and gross margin 2016-2028 and sales with in-depth analysis of market competition landscape and detailed information. about the vendors and comprehensive details of the factors that will challenge the growth of the major vendors in the market.
Global and Regional Market Analysis: The report includes the global and regional market status and outlook 2016-2028. Additionally, the report provides details about each region and country covered in the report. Identify its sales, sales volume and revenue forecasts. With a detailed analysis by types and applications.
Market Trends: Key market trends including increased competition and continued innovations.
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Porters Five Forces Analysis: The report presents the state of competition in the industry based on five fundamental forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services and existing rivalry in the industry.
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