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 waterbased fluids, which include Treating fluids and semisynthetic/Protecting fluids. MWFs may be complex mixtures of oils, emulsifiers, antiweld 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.
In the last several years, global market of metal working fluids developed steadily, with an average growth rate of 2.3%. In 2016, global revenue of Metal Working Fluids is nearly 8301 M USD; the actual sales volume is about 2671 K MT.
The global average price of metal working fluids is in the decreasing trend, from 3250 USD/ MT in 2012 to 3108 USD/MT in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years.
The classification of metal working fluids includes removal fluids, treating fluids, Metal Forming Fluids and protecting fluids. The proportion of removal fluids in 2016 is about 50.20%, and the proportion of metal treating fluids in 2016 is about 29.26%.
Metal working fluids are application in automotive, general and other industry. The most proportion of metal working fluids is used in general industry stood at 51.21% in 2016, compare to 34.81% in automotive industry.
Asia Pacific is the largest consumption place, with a consumption market share nearly 41.04% in 2016. North America is the second largest consumption place with the consumption market share of 26.88%. United States market was USD 2.03 billion in 2016 and is expected to witness significant rise on account of high consumption of the product in the automobile sector in the U.S. Robust manufacturing base of automobile industry coupled with growing demand in Germany, and Russia is expected to augment demand in Europe over the forecast period.
Market competition is intense. With the development of society and the changing of consumer demand, the metal working fluids industry will be more and more popular in the future.
Over the next five years, LPILP Information projects that Metal Working Fluids will register a 2.3% CAGR in terms of revenue, reach US$ 3130 million by 2023, from US$ 2730 million in 2017.
This report studies the global market, especially in North America, Europe, AsiaPacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:
Houghton
BP
Quaker
FUCHS
Yushiro Chemical
ExxonMobil, Henkel
Chevron
Blaser
PETROFER
Master Chemical
Buhmwoo Chemical
JX MOE
Dow
Francool
Talent
Sinopec
Oemeta
Milacron
Amer
Peisun
Boer technology
Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 forecast, like
North America United States, Canada and Mexico
AsiaPacific China, Japan, Southeast Asia, India and Korea
Europe Germany, UK, France, Italy and Russia etc.
South America Brazil, Chile, Peru and Argentina
Middle East and Africa Egypt, South Africa, Saudi Arabia
Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
Metal Removal Fluids
Metal Treating Fluids
Metal Forming Fluids
Metal Protecting Fluids
Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into
Automotive Industry
General Industry
Others