Metalworking Fluids Market

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• Coherent Market Insights
• Market Research and Business Consulting Services
• https//www.coherentmarketinsights.com/
• COVID-19 Impact Tracker

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METALWORKING FLUIDS MARKET ANALYSIS

• Metalworking Fluids Market, By Application
  (Removal Fluids, Forming Fluids, Protecting
  Fluids, Treating Fluids), and By Region (North
  America, Europe, Asia Pacific, Latin America,
  Middle East Africa) - Size, Share, Outlook, and
  Opportunity Analysis, 2020 - 2027

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Metalworking fluid is a formulation that is used
to enhance the efficiency of machining tools
during various operations such as drilling and
grinding. These fluids are highly stable at high
and low temperature and also have excellent
chemical resistance property. Metalworking fluids
help in reducing the heat, offer lubricants, and
eliminate the small metal chips produced
during grinding and cutting of metal pieces. The
global metalworking fluids market is projected to
reach around US 16,945.9 million by the end
of 2027, in terms of revenue, growing at CAGR
of 4.6 during the forecast period (2020-2027). D
rivers The growing automotive industry due to
the increasing production of automobiles is
primarily fueling the market growth of
metalworking fluids. Metalworking fluids are
widely used as coolants across metal treating,
metal removal, forming, and metal protecting
in metalworking application. Hence, growth in the
production of the automobiles is expected to
foster the market growth of the metalworking
fluids.
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Figure 1. Global Metalworking Fluids Market Share
() in terms of Value, By Region, in 2019
Asia Pacific region dominated the global
metalworking fluids market in 2019, accounting
for 41.2 share in terms of value, followed by
North America and Europe, respectively.
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Market Restraints
.

• Environmental issues and health risks associated
  with the workers is expected to hinder the market
  growth of metalworking fluids. Metalworking
  fluids release various toxic waste disposal that
  creates environmental issues. Moreover, the
  chemical present in metalworking fluids lead to
  various health risks to workers. All these
  factors are expected to hamper the market growth
  of metalworking fluids.

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Market Opportunities

• Increasing usage of metalworking fluids in
  agricultural equipment is expected to serve
  lucrative opportunities to the market of
  the metalworking fluids. This is also attributed
  to the increasing adoption of the advanced
  agricultural equipment in the agriculture industry
  due to the growing need for high yield
  production. Thus growing demand for high
  performance of metalworking fluids in the
  agriculture industry is expected to propel the
  market growth.
• The complexities associated with the
  manufacturing of various machinery components is
  expected to create potential opportunities to the
  market of metalworking fluids. Growth in the
  construction industry is driving demand for
  construction equipment and associated components
  are expected to propel the market growth. The
  increasing need for excellent surface finish in
  the work piece and improving efficiency of the
  tools is further anticipated to augment the
  market growth. 

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Figure 2. Global Metalworking Fluids Market
Opportunity Analysis
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Market Trends

• The growing aerospace industry in the North
  America region is expected to create a huge
  demand for metalworking fluids and this is
  attributed to growing travel tourism trends.
  According to USAGov, the U.S. aerospace industry
  is the largest in the world. In 2018, the
  industry contributed 151 billion in export sales
  to the U.S. economy. The foreign direct
  investment (FDI) into the U.S. aerospace industry
  totaled nearly 22 billion in 2018.
• The establishment of new facilities by
  manufacturers for increasing production
  capacities is a growing trend in the industry.
  This trend is projected to foster the market
  growth. For instance, in February 2019, Quaker
  Chemical Corporation held the grand opening of
  its state-of-the-art manufacturing facility in
  Dahej, India. The site will produce rolling oils
  and metalworking fluids for the steel and
  metalworking market in India, the Middle-East,
  and east Africa.

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Figure 3. Global Metalworking Fluids Market Share
() in terms of Value, By Application, in 2019
On the basis of application in 2019, the removal
fluids segment has accounted the largest market
share of 49.4 in terms of value, followed by
forming fluids and protecting fluids segment
respectively.
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Global Metalworking Fluids Market - Impact of
Coronavirus (Covid-19) Pandemic

• The coronavirus pandemic is having a disruptive
  impact on global economy. It has hit major
  industrial hubs of the world which has resulted
  in supply chain disruptions and production halts.
  Manufacturing and industrial production in many
  countries have seen sharpest declines. Small and
  medium-sized enterprises (SMEs) have been hit
  hard globally. This is expected to decrease
  demand for metalworking fluids during the
  pandemic. According to Coherent Market Insights,
  metalworking fluids market is expected to grow at
  a lower rate between 2020 and 2021.

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• Competitive Section
• Company Names 
• Apar Industries Ltd.
• Castrol Limited
• Chevron Phillips Chemical Company LP
• Chem Arrow Corporation
• Exxon Mobil Corporation
• FUCHS
• Houghton
• Lukoil Lubricants
• The Lubrizol Corporation

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  market-insight/metalworking-fluids-market-4007

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