Global Metalworking Fluids Market Size, Share | Industry Report, 2020

The Metalworking Fluids Market Global Industry Report was estimated to be worth USD 8.30 billion in 2014 and is projected to reach USD 9.74 billion, by 2020, at a CAGR of 3.2% between 2015 and 2020.

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Removal fluid is expected to play a key role in fueling the growth of the overall metalworking fluids market owing to its use as a coolant across the manufacturing industry. The removal fluids are used for maintaining optimum temperature and the removal of unwanted metal chips during the grinding, drilling, and other processes. In this report, 2014 is considered as the base year and forecast period is between 2015 and 2020.

Massive Industrial Growth in Asia-Pacific and Middle East & Africa

The industrial development in Asia-Pacific and Africa has been fueling growth of the metalworking fluids market from the past few years and this trend is expected to continue over the next five years. The liberalization of foreign trade & investments and the change in industrial policies (allowing private enterprises) have triggered rapid industrialization in China over the past three decades. Domestic and foreign investments in key sectors such as energy, manufacturing, construction, and transportation have been consistently growing over the past decade.

The objectives of this study are:

To analyze and forecast the market size, in terms of value and volume, of metalworking fluids

To define, describe, and forecast the market for metalworking fluids by application, by type, and by region

To forecast the market size of metalworking fluids and its different sub markets by five regions— Europe, North America, Asia-Pacific, South America, and Middle East & Africa

To identify significant market trends and the factors, which are driving or inhibiting the growth of the metalworking fluids market

To strategically analyse each submarket with respect to individual growth trends and their contribution to the metalworking fluids market

To analyse opportunities in the market for the stakeholders by identifying high-growth segments of the metalworking fluids market

To strategically profile the key players and comprehensively analyze their core competencies

To analyse competitive developments, such as expansions, joint ventures, new products launches, and acquisitions in the metalworking fluids market

In this report, market sizes have been derived using both bottom-up and top-down approaches. First, the market size for each product type (removal fluids, forming fluids, protecting fluids, and treating fluids) in various regions (North America, APAC, Europe, South America, and Middle East & Africa) and countries have been estimated through secondary and primary research. The overall metalworking fluids market sizes for various regions and countries have been calculated by adding these individual market sizes. Regional-level metalworking fluids market sizes have been further broken down on the basis application using percentage split gathered during the research. For future growth (CAGRs) trends of the industrial lubricant market, metalworking fluids penetration, application industries – automotive, machinery, primary ferrous and non-ferrous, among others, have been analyzed. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and executives.

The major metalworking fluids manufacturers are ExxonMobil Corporation (U.S.), Houghton International Inc. (U.S.), Fuchs Petrolub SE (Germany), Total S.A. (France), Chevron Corporation (U.S.), Lubrizol Corporation (U.S.), Idemitsu Kosan Co. Ltd (Japan), and Lukoil Oil Company (Russia).

Major Market Developments

• In October 2015, Idemitsu Kosan Co. Ltd. (Japan) expanded its production capacity In China. This strategic step was taken to cater to the growing demand for lubricants in Asia-Pacific with increasing manufacturing activities
• In October 2015, Chevron Corp. (U.S.) launched ISOCLEAN brand of lubricants, which meets the stringent quality measures set up by OEMs for longer machine life. These lubricants reduce unscheduled downtime and enhance machine life
• In July 2015, Total S.A. (France) established a lubricant blending plant in Singapore. This will strengthen its position in the accelerating lubricant market in Asia-Pacific. The production of automotive and industrial lubricants will be carried out in the plant

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