Dublin, April 25, 2019 (GLOBE NEWSWIRE) -- The "Metalworking Fluids Market Size Analysis Report By Product (Mineral, Synthetic, Bio-based), By Application (Neat Cutting Oil, Water Cutting Fluid), By End Use, By Industrial End Use, And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global metalworking fluids market size is projected to reach USD 14.54 billion by 2025. It is anticipated to expand at a CAGR of 4.4% during the forecast period. Increasing demand of the product in transportation equipment and machinery from multiple end-user industries are the key driving forces for the growth.
Metalworking Fluids (MWF) play an important role in automobile industry on account of its ability to provide excellent surface finish and to reduce friction between work piece and tool. Also, it is readily used in heavy machinery industry, which is witnessing significant growth in emerging economies including India, China, Brazil, Russia, and other Southeast Asian countries.
The market is characterized by fast changing technological trends in machining operations causing MWF manufacturers to adapt new manufacturing methods to produce customized and cost competitive products. Shift in preference from traditional metal alloys to stainless steel, aluminium, and titanium metals is expected to provide more opportunities for the manufacturers supplying metalworking fluids suitable for providing lubrication during the machining of aluminium and titanium alloys.
Distribution channels play an important role in maintaining loyal customer base. Q8Oils, a subsidiary of Kuwait Petroleum Corporation and Houghton International, Inc. established distribution relationship with regional-level suppliers and distributors that provide condition monitoring services. Maintaining concentration levels of neat cutting oils, synthetic, and semi-synthetic fluids is crucial in condition monitoring services wherein these fluids are broadly used for storage, transportation, and other allied applications.
Rapid growth in automotive, aerospace, and other end-use industries has made Asia Pacific a global center for the MWFs. Revision in regulatory norms in North America and Europe has represented shift in the market, from being stagnant to providing lucrative opportunities. Also, stringent regulations in these two regions has made manufacturers to develop products free from chlorine, boron, and formaldehyde agents.
Further key findings from the report suggest:
Topics Covered
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List to Data Sources
1.4 List of Abbreviations
Chapter 2 Executive Summary
2.1 Market Summary
2.2 Segmental Outlook
2.3 Competitive Insights
Chapter 3 Metalworking Fluids: Market Variables, Trends & Scope
3.1 Metalworking fluids - Market segmentation
3.2 Penetration & growth prospect mapping
3.3 Metalworking fluids market value chain analysis
3.4 Regulatory Framework
3.5 Technology overview
3.6 Metalworking fluids market dynamics
3.7 Trade Analysis
3.8 Business Environment Analysis
Chapter 4 Metalworking Fluids: Product Estimates & Trend Analysis
4.1 Metalworking fluids market: Product movement analysis, 2017 & 2025
4.2 Mineral
4.3 Synthetic
4.4 Bio-Based
Chapter 5 Metalworking Fluids: Application Estimates & Trend Analysis
5.1 Metalworking fluids market: Application movement analysis, 2017 & 2025
5.2 Neat Cutting Oils
5.3 Water Cutting Oils
5.4 Corrosion Preventive Oils
5.5 Others
Chapter 6 Metalworking Fluids: End Use Estimates & Trend Analysis
6.1 Metalworking fluids market: End Use movement analysis, 2017 & 2025
6.2 Metal fabrication
6.3 Transportation equipment
6.4 Machinery
6.5 Others
Chapter 7 Metalworking Fluids: Industrial End Use Estimates & Trend Analysis
7.1 Metalworking fluids market: Industrial end use movement analysis, 2017 & 2025
7.2 Construction
7.3 Electrical & Power
7.4 Agriculture
7.5 Automobile
7.6 Aerospace
7.7 Rail
7.8 Marine
7.9 Telecommunication
7.10 Healthcare
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/kpdjr0
CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 Related Topics: Lubricants and Greases