Metalworking fluids Market – Overview
Metalworking Fluids Market are the lubricating liquids or oils which facilitate smooth and easy processing of metal workpieces. They prevent the heat generation and excessive friction between cutting tools and the workpiece when a metal undergoes various mechanical processes such as machining, grounding, and milling, among others. Moreover, the metalworking fluids improve the quality and add into the fineness of the product by removing the fines, chips, and the small pieces of metal.
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The Major Applications of These Fluids are removal, forming, cutting, treating fluids, and protection. Transportation & automotive, industrial machinery, metal fabrication, and construction are the major end-user industries for the metalworking fluids. The rapid industrialization of emerging economies, continuously growing automotive industry, and increasing constriction activities around the world are the major actors favoring the growth of this market.
Metalworking fluids Market – Industry/ Innovation/ Related News
February 2018– Univar Inc., announced to sign an agreement with Dow Chemical Company to distribute their product for fluids and lubricants (UCON) in North America. This agreement will help company to enhance their footprint in North America region.
November 2016– Quaker Chemical Corporation acquired a leading manufacturer of metalworking fluids in Ontario named as Lubricor Inc. This expansion will help company to expand their metalworking business in the global market.
July 2016– Houghton International Inc. a part of Hinduja Group acquired wallover enterprises, a leading supplier of metalworking fluids. This strategic move will help company to expand their capability in North America region.
May 2016– Ingevity announced to launch its new product AltaLUB™ 5300. This product will help company to expand its product portfolio and strengthen its position in the metalworking fluids manufacturer across the globe.
Metalworking fluids Market – Key Players
The Prominent Players Operating In The Global Metalworking Fluids Market Are Total S.A. (France), Indian Oil Corporation Ltd (India), Chevron Corporation (U.S.), Henkel AG & Co. KGaA (Germany), Exxon Mobil Corporation (U.S.), HPCL (India), Houghton International Inc. (U.S.), BP (India), Shell (the Netherlands), Croda International Plc. (U.K), and China Petrochemical Corporation (China), among others.
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Metalworking fluids Market – Segmentation
The Global Metalworking Fluids Market Has Been Segmented into Fluid Type, Application, And Region.
Based on Fluid Type, the market is divided into straight oils, soluble oils, synthetic oils, semi-synthetic oils, and others.
Based on Application the Global Metalworking Fluids Market is segmented into transportation equipment, industrial machinery, automotive, construction, metal fabrication, and others.
Geographically, the market is divided into five key regions, including Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Metalworking fluids Market – Regional Analysis
The Global Metalworking Fluids Market is geographically spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is the largest region among them owing to the increasing industrialization and growing automotive industry along with the construction sector in this region. Countries namely India, China, and Japan are the major markets in this region owing to the growing demand from aerospace and marine industries.
North America is the second most significant region in the global metalworking fluids market. The U.S. is the leading market in this region due to the presence of well-established end-user industries such as aerospace and defense.
Europe is another substantial region in the global metalworking fluids market. The major markets in this region are the U.K., Germany, France, and Poland, where there is a growing demand for the product in automotive and aerospace industry. Industrialization in Latin America is on the rise with pacifying political and economic scenario in Brazil. During the forecast period, the region anticipated holding a considerable share in the global metalworking fluids market. The Middle East & Africa region is also anticipated to have a significant share in the global metalworking fluids market.
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