Metalworking Fluids Market Analysis | Recent Market Developments | Industry Forecast to 2019-2026
[154 Pages Report] Metalworking Fluids Market Analysis Report on Latest Trends, Growth Factors, Key Players and more. Categorizing the global market by Type, Application, End-Use Industry, and Region.
(EMAILWIRE.COM, December 23, 2019 ) Market Overview
Metalworking fluids (MWFs) are used in workshops worldwide for the cutting and forming of metals. Their primary purposes are to cool and lubricate tools, workpieces, and machines, inhibit corrosion and remove swarf. MWFs are available as non-water-miscible oils, water-miscible/emulsifiable concentrates or wholly synthetic, oil-free products.
The global metalworking fluids market is growing at a CAGR of 4.6 % during the forecast period (2019-2026).
Download free sample: https://www.datamintelligence.com/download-sample/metalworking-fluids-market
Market Drivers and Restraints
Rising environmental and safety concerns related to wastewater facilities in the machining industry are encouraging technological developments about metalworking fluids. Surging demand for environmentally-safe fluids is one of the critical trends stoking market growth.
However, metalworking fluids contribute to some negative things, all of which must be minimized: mist leading to respiratory problems, dermatitis and fungal and microbial growth, which can lead to employee health and safety issues as well as plugging filters and other operational issues. These factors may act as a roadblock to the growth of the market.
Industry Analysis
By Type, the global metalworking fluids market is segmented into Soluble, Synthetic, Semi-Synthetic, and Bio-Based. Of these, soluble fluids hold a significant share of the market due to a large amount of mineral oil in it. While semi-synthetic or micro-emulsion fluids contain lower amounts of oil, synthetic fluids contain no mineral oil.
Further, Modern synthetic fluids can provide the lubrication and other performance properties needed for a broad range of metalworking operations. Products are available which can perform operations on most common metals and many other specialized materials.
Geographical Share
The Global Metalworking Fluids Market is segmented on the as North America, South America, Europe, Asia-Pacific, and Rest of the World. Among all the others, The Asia Pacific holds the majority of the share by value and by volume. According to F+L Maganize, China is the largest manufacturing country in the world with the most massive production of sales of steel.
The rapid development of the industries related to metalworking has greatly promoted the growth of metalworking fluid consumption in China. It has been estimated that the use of metalworking fluids is about 500-700 tons per year in China. That makes China the biggest market of metalworking fluid in the world.
Global metalworking fluids market in the Asia Pacific gets a good share of the market and North America Falls after that.
Also, developing a technology that conforms to stringent government regulations is becoming a challenge for metalworking fluid formulators. Manufacturers who are capable of formulating MWF products with reduced exposure to toxic chemicals and those which enhance machinery productivity are expected to have a competitive advantage over other industry players.
Companies and Trends
There are more than 100 companies in the metalworking fluids market, making it highly competitive the major players such as Croda International Plc., Evonik Industries, Lonza, and Chevron Corporation.
In 2018, The United Kingdom Lubricants Association (UKLA) Metalworking Fluid Product Stewardship Group (MWFPSG) was pleased to announce the launch of Good Practice Guidance for Managing Metalworking Fluid (MWF).
Recently, PolySi Technologies expanded into the metalworking fluid market with its G-MAN brand of customizable fluids.
View full report: https://www.datamintelligence.com/research-report/metalworking-fluids-market
Enquiry before buying: https://www.datamintelligence.com/enquiry/metalworking-fluids-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at DataM Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Metalworking fluids (MWFs) are used in workshops worldwide for the cutting and forming of metals. Their primary purposes are to cool and lubricate tools, workpieces, and machines, inhibit corrosion and remove swarf. MWFs are available as non-water-miscible oils, water-miscible/emulsifiable concentrates or wholly synthetic, oil-free products.
The global metalworking fluids market is growing at a CAGR of 4.6 % during the forecast period (2019-2026).
Download free sample: https://www.datamintelligence.com/download-sample/metalworking-fluids-market
Market Drivers and Restraints
Rising environmental and safety concerns related to wastewater facilities in the machining industry are encouraging technological developments about metalworking fluids. Surging demand for environmentally-safe fluids is one of the critical trends stoking market growth.
However, metalworking fluids contribute to some negative things, all of which must be minimized: mist leading to respiratory problems, dermatitis and fungal and microbial growth, which can lead to employee health and safety issues as well as plugging filters and other operational issues. These factors may act as a roadblock to the growth of the market.
Industry Analysis
By Type, the global metalworking fluids market is segmented into Soluble, Synthetic, Semi-Synthetic, and Bio-Based. Of these, soluble fluids hold a significant share of the market due to a large amount of mineral oil in it. While semi-synthetic or micro-emulsion fluids contain lower amounts of oil, synthetic fluids contain no mineral oil.
Further, Modern synthetic fluids can provide the lubrication and other performance properties needed for a broad range of metalworking operations. Products are available which can perform operations on most common metals and many other specialized materials.
Geographical Share
The Global Metalworking Fluids Market is segmented on the as North America, South America, Europe, Asia-Pacific, and Rest of the World. Among all the others, The Asia Pacific holds the majority of the share by value and by volume. According to F+L Maganize, China is the largest manufacturing country in the world with the most massive production of sales of steel.
The rapid development of the industries related to metalworking has greatly promoted the growth of metalworking fluid consumption in China. It has been estimated that the use of metalworking fluids is about 500-700 tons per year in China. That makes China the biggest market of metalworking fluid in the world.
Global metalworking fluids market in the Asia Pacific gets a good share of the market and North America Falls after that.
Also, developing a technology that conforms to stringent government regulations is becoming a challenge for metalworking fluid formulators. Manufacturers who are capable of formulating MWF products with reduced exposure to toxic chemicals and those which enhance machinery productivity are expected to have a competitive advantage over other industry players.
Companies and Trends
There are more than 100 companies in the metalworking fluids market, making it highly competitive the major players such as Croda International Plc., Evonik Industries, Lonza, and Chevron Corporation.
In 2018, The United Kingdom Lubricants Association (UKLA) Metalworking Fluid Product Stewardship Group (MWFPSG) was pleased to announce the launch of Good Practice Guidance for Managing Metalworking Fluid (MWF).
Recently, PolySi Technologies expanded into the metalworking fluid market with its G-MAN brand of customizable fluids.
View full report: https://www.datamintelligence.com/research-report/metalworking-fluids-market
Enquiry before buying: https://www.datamintelligence.com/enquiry/metalworking-fluids-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at DataM Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results