Metalworking Fluids Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027

Published on : Feb-2020 | List of Tables : 80 | List of Figures : 131 | No. of Pages : 170 | Report Code : FACT4543MR |

Metalworking Fluids Market to Receive Impetus, as Demand for Precision Machining Heightens    

Metalworking operations are characterized as highly frictional, heat generating and pressurized applications. Loss of additives during metalworking processes affects machine effectiveness and causes increase in friction. Metalworking fluids are complex chemical formulations, predominantly applied to machine parts while performing metalworking operations. Further, newer processes, such as flow forming, hydro forming and low carbon manufacturing, are gaining ground and these are dependent on metalworking fluids for proper functioning. Thus, spurring applications of metalworking fluids in precision machining applications globally is set to fuel demand of metalworking fluids at a CAGR of around 4% through the forecast period.

Transportation Equipment Snowballing Demand for Metalworking Fluids

Based on end use, metalworking fluid for transportation equipment accounts for a notable share in 2019. Metal working fluids are predominantly used in transportation equipment in automotive and aerospace. These equipment are involved in production of automotive components and aerospace machining where the equipment requires regular lubrication with cooling. Use of metalworking fluids ensures emission of non-hazardous by-products and makes the workplace free of contamination. Furthermore, use of exotic metals, such as titanium, platinum, palladium, gallium, etc., in both engine and powertrain production in automobiles and other applications has also increased the demand for metalworking fluids. On the backdrop of aforementioned factors, consumption of metalworking fluids for transportation equipment will increase at a significant rate over the forecast period.  

metalworking fluids market opportunity assessment by end user

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Market Growth Hindered Owing to Stringent Regulations related to Waste Disposal

Several key regulatory agencies around world such as OSHA (Occupational Safety and Health Organization) and EPA (Environmental Protection Agencies) have policies in place to ensure the safe disposal of used cutting fluids into the environment, which could hamper the growth of metalworking fluids market. Metalworking fluids consumers in machining and fabrication need to invest in expensive ETP (effluent treatment plant) in order to meet environmental and waste treatment regulations. At the same time, situation has enabled manufacturers to provide alternatives which possess features, such as low toxicity, high purity, easy maintainability and limited environmental impact.  

China to Gather Large Chunk of Market Share

China being largest automotive producer in the world has dominated the global metalworking fluids market in 2018 and is projected to maintain its supremacy in the market, accounting for over one fourth of the revenue share by 2029. Further, presence of large manufacturing facilities, aerospace industries, marine and automotive industries coupled with relatively low prices of metalworking fluids is poised to assist the market’s growth during the forecast period. Moreover, Japan holds a prominent market share in terms of consumption of metalworking fluids. Being a mature market, Europe and North America are expected to show similar trend with sluggish growth throughout the forecast period.  

metalworking fluids market by regions

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Leading Metalworking Fluid Market Players Targeting Acquisitions for Business Opportunities

Global metalworking fluids market is moderately fragmented in nature, with top players in the market accounting for around 40% of market share in 2019. Prominent players with established market presence in metalworking fluids market are ExxonMobil Corporation, Houghton International, Fuchs Petrolub SE, Idemitsu Kosan Co. Ltd., Quaker Chemical Corporation, and Yushiro Chemical Industry Co. Ltd. Key players in the market are focusing on acquisitions to expand their product portfolio in order to cater to the needs of a variety of customers. Furthermore, manufacturers are aiming towards establishing supply contracts with end-use industries for revenue generation as project cost remains on the higher side.

  • In August 2018, Master Fluid Solutions announced investment for construction of metalworking fluid blending plant in Jiangsu, China. Blending plant will be fully commissioned by 2020 end and will double company’s metalworking fluid production capacity
  • In February 2020, Quaker Chemical Corporation opened new production line in Dahej, India. This new production line will manufacture rolling oils and metalworking fluids for steel & metal industries in India, Middle East and Africa.

Global Metalworking Fluids Market- Scope of the Report

The recent study by Fact.MR on global metalworking fluids market offers an 8-year forecast between 2019 and 2027. The study analyzes crucial trends that are currently determining the growth of global metalworking fluids market. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of global metalworking fluids. The study also provides dynamics that are responsible for influencing future status of the global metalworking fluids market over the forecast period.

A detailed assessment of global metalworking fluids value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the global metalworking fluids market along with their production capacity analysis enhances the reliability of this comprehensive research study.

Global Metalworking Fluids Market: Report Summary

The study offers a comprehensive analysis on diverse features including demand, product developments, revenue generation and sales in global metalworking fluids market across the globe.

A comprehensive estimate on global metalworking fluids market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of metalworking fluids during the forecast period. Price point comparison by region with global average price is also considered in the study.  

Global Metalworking Fluids Market Segmentation

Fact.MR has studied the global metalworking fluids market with detailed segmentation on the basis of category, product type, end user and region.

By Category

By Product Type

By End User

Region

Straight Oil

Removal Fluids

Metal Fabrication

North America

Emulsified Oil

Protection Fluids

Heavy Machinery

Latin America

Semi-Synthetic

Forming Fluids

Transportation Equipment

Western Europe

Synthetic

Treating Fluids

General Manufacturing

Eastern Europe

     

China

     

India

     

Japan

     

SEAP

     

MEA

“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”

Global Metalworking Fluids Market: Analysis on Market Size Evaluation

Global Soil stabilization materials market has been analyzed for each market segment, in terms of value (US$ Mn) and volume (tons).

Market estimates at global and regional levels for global metalworking fluids is available in terms of “US$ Mn” for value and “tons” for volume. A Y-o-Y growth contrast on prominent global metalworking fluids market segments, along with the market attractiveness evaluation has been incorporated in the report. Furthermore, the absolute $ opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve along with identifying potential resources, considering sales and distribution perspective in the global Soil stabilization materials market.

Global Metalworking Fluids Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the global metalworking fluids report, which helped to deliver projection on regional markets. These chapters include the regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of global metalworking fluids market during the forecast period.

Country-specific valuation on demand for global metalworking fluids has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominent regions. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging regions has also been included in the report.

Global Metalworking Fluids Market: In-Depth Analysis on Competitive Landscape

The report sheds light on the leading manufacturers of the global metalworking fluids market along with their detailed profiles. Essential and Up-to-date data information related to the market performers, who are principally engaged in the production of global metalworking fluids, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which includes essentials such as product portfolio, key strategies along with an all-inclusive SWOT analysis on each player. The company presence is mapped and presented through the matrix for all the prominent players thus providing the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in Global metalworking fluids market. Prominent companies operating in the global metalworking fluids market include ExxonMobil Corporation, Houghton International, Fuchs Petrolub SE, Idemitsu Kosan Co. Ltd., Quaker Chemical Corporation, and Yushiro Chemical Industry Co. Ltd.

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Metalworking Fluids Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027