Global Metalworking Fluids Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Metalworking Fluids Market Report by The Business Research Company covers metalworking fluids market drivers and restraints, metalworking fluids market size, major players, and the impact of COVID-19 on the metalworking fluids market.
The metalworking fluids market consists of sales of metalworking fluids by entities (organizations, sole traders, and partnerships) that provide metalworking fluids to improve the workpiece’s performance by constantly eliminating dust, chips, and swarfs from the tool and the workpiece’s surface. Metalworking fluid (MWF) refers to a group of oils and other fluids used to cool and lubricate metal workpieces while they are being machined, crushed, or milled. Metalworking fluids (MWFs) help to avoid burning and smoking by reducing heat and friction between the cutting tool and the workpiece.
The global metalworking fluids market is expected to grow from $9.95 billion in 2020 to $10.71 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The metalworking fluids market is expected to reach $13.06 billion in 2025 at a CAGR of 5.1%.
The growing automotive sector is expected to fuel the growth of the metalworking fluids market in the forecast period. The automotive industry is made up of a diverse group of businesses and organizations that are involved in the design development, production, marketing, and sale of automobiles. Metalworking fluids, which minimize heat and friction in industrial cutting and grinding operations, are frequently utilized by automobile manufacturers in the manufacturing of car parts and other equipment.
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Some metalworking fluids market trends include launch of new product lines. Major companies operating in the metalworking fluids sector are focused on launching new product lines for metalworking fluids to improve product uniformity, cost, and marketability
Global metalworking fluids market segments include:
1) By Type: Mineral, Synthetic, Bio-Based
2) By Application: Neat Cutting Oils, Water Cutting Oils, Corrosion Preventive Oils, Others
3) By End-Use Industry: Construction, Electrical And Power, Automobile, Metal Fabrication, Transportation Equipment, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Metalworking Fluids Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides metalworking fluids market overviews, analyzes and forecasts market size, share, metalworking fluids market players, metalworking fluids market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The metalworking fluids identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Metalworking Fluids Global Market Report 2021: COVID-19 Growth And Change from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Exxon Mobil Corporation, TotalEnergies, Houghton International Inc., Henkel, Fuchs Petrolub, Quaker Chemical Corporation, Hindustan Petroleum Corporation Limited, Castrol, Lubrizol, Croda International, Royal Dutch Shell, Lukoil Oil Company, Sinopec, Apar Industries Limited, Yushiro Chemical Industry Co. Ltd., Idemitsu Kosan, Cimcool Industrial Products Inc, Blaser Swisslube, Motul, Oelheld, MORESCO Corporation, QualiChem, Master Fluid Solutions, and Hardcastle Petrofer.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Metalworking Fluids Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Metalworking Fluids Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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