Global Metal Working Fluids Market Growth 2023-2029

Global Metal Working Fluids Market Growth 2023-2029

Metalworking fluids (MWFs) are used to reduce heat and friction and to remove metal particles in industrial machining and grinding operations. There are numerous formulations, ranging from Removal fluids (such as petroleum oils) to water-based fluids, which include Treating fluids and semisynthetic/Protecting fluids. MWFs may be complex mixtures of oils, emulsifiers, anti-weld agents, corrosion inhibitors, extreme pressure additives, buffers (alkaline reserve), biocides, and other additives. In use, the fluid complexity is compounded by contamination with substances from the manufacturing process (such as tramp oils, hydraulic fluids, and particulate matter from grinding and machining operations).

LPI (LP Information)' newest research report, the “Metal Working Fluids Industry Forecast” looks at past sales and reviews total world Metal Working Fluids sales in 2022, providing a comprehensive analysis by region and market sector of projected Metal Working Fluids sales for 2023 through 2029. With Metal Working Fluids sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Metal Working Fluids industry.

This Insight Report provides a comprehensive analysis of the global Metal Working Fluids landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Metal Working Fluids portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Metal Working Fluids market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Metal Working Fluids and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Metal Working Fluids.

The global Metal Working Fluids market size is projected to grow from US$ 2929 million in 2022 to US$ 3430.2 million in 2029; it is expected to grow at a CAGR of 3430.2 from 2023 to 2029.

Global Metal Working Fluids key players include Houghton, BP, Quaker, FUCHS, Yushiro Chemical, etc. Global top five players hold a share about 30%.

Asia-Pacifc is the largest market, with a share about 40%, followed by North America and Europe, having a total share about 55 percent.

In terms of product, Metal Removal Fluids is the largest segment, with a share about 50%. And in terms of application, the largest application is General Industry, followed by Automotive Industry, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Metal Working Fluids market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Metal Removal Fluids

Metal Treating Fluids

Metal Forming Fluids

Metal Protecting Fluids

Segmentation by application

Automotive Industry

General Industry

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Houghton

BP

Quaker

FUCHS

Yushiro Chemical

ExxonMobil, Henkel

Chevron

Blaser

PETROFER

Master Chemical

Buhmwoo Chemical

JX MOE

DuPont

Francool

Talent

Sinopec

Oemeta

Milacron

Amer

Peisun

Boer technology

Key Questions Addressed in this Report

What is the 10-year outlook for the global Metal Working Fluids market?

What factors are driving Metal Working Fluids market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Metal Working Fluids market opportunities vary by end market size?

How does Metal Working Fluids break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.