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Metalworking Fluids Market to Attain Valuation of US$14.78 Billion by 2024, Increasing Shift to Biosynthetic Base Oils may Lead to Better Formulations - TMR

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Transparency Market Research

20 Dec, 2018, 10:30 GMT

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ALBANY, New York, December 20, 2018 /PRNewswire/ --

High level of fragmentation on account of several small players is expected to shape the competitive contours of the global metalworking fluids market, finds Transparency Market Research (TMR). The global metalworking fluids market also features an increasingly competitive landscape, attributed primarily due to the presence of plethora of companies of all sizes, primarily those with a global presence. TMR observes that a growing number of players are focusing on developing cost-effective metalworking fluids formulations to meet the needs of a wide spectrum of lubricant applications in end-use industries. To this end, top players in the global metalworking fluids market are adopting a slew of strategic measures such as entering into partnerships with small players or are opting for mergers. Numerous manufacturers of metalworking fluids are also relying on using biosynthetic base oil to develop high-end cost-effective formulations, which will also confer competitive gains to them in coming years.

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The leading three players who held the major shares in the global metalworking fluids market in 2014 are Houghton, Fuchs Petrolub, and Exxon Mobil Corporation. These are focusing on constantly improving the product performance to retain their strongholds over the market.

The global metalworking fluids market stood at US$9.91 billion in 2015. Expanding at a CAGR of a 4.6% during 2016-2024, the global market is projected to reach worth of US$14.78 billion by the end of this period.

Request a Sample of Metalworking Fluids Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=10085

Of the various applications of metalworking fluids, removal fluids led the global market in 2015 and is expected to contribute the major share throughout the forecast period. This may be attributes to their widespread demand in metalworking processes used in automotive manufacturing and metal fabrication.

On the regional front, North America held the sway by accounting for a major share of 26.1% in the global metalworking fluids market in 2014, with the U.S. contributing the leading chunk of revenues. The regional market is anticipated to rise at steady pace, driven primarily by the rising uptake of metalworking fluids for removal application in end-use industries.

Request For Multiple Chapters: https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=10085

Extensive Use of Metalworking Fluids as Lubricants and Coolants in Metal Working Processes drives Revenues 

The rising worldwide drive for metalworking fluids in workshops stems from the need for ensuring metal workpiece quality in various manufacturing processes including machining, grounding, milling, and honing. The demand is attributed to the use of metalworking fluids as lubricants and coolants for a range of functions, broadly reducing friction and the heat between the tool and workpiece. The global metalworking fluids market is driven by the rising volumes of metal working processes in various end-use industries, notably in automotive and steel manufacturing. Substantial numbers of applications of metalworking fluids relate to their use in removal of chips, swarfs, and fines from the tool and the workpiece.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=10085

Focus on Improving Safety Profiles of Base Oils to pave way to Product Innovations  

The rising application of multipurpose metalworking fluids in various end-use industries is a notable trend accentuating the market. They can be used for lubricating of machine components and for power transmission. End users give due consideration on the composition of metalworking fluids as altering it may change the range of functions these fluids can perform. In addition, it is imperative for manufacturers in the global metalworking fluids market to give attention to the safety profile of the base oil used in metalworking fluids, such as evaluating their allergen content, compatibility with humans, and emission behavior. These factors are expected to drive advancement in products. The rising use of biosynthetic base oils in metalworking fluids is expected to drive innovations in the market.

The study presented here is based on a report by Transparency Market Research (TMR) titled "Metalworking Fluids Market (Application - Removal Fluids, Forming Fluids, Protecting Fluids, and Treating Fluids) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016-2024."

Global metalworking fluids market is segmented based on: 

Application  

  • Removal Fluids
  • Forming Fluids
  • Protecting Fluids
  • Treating Fluids

Region 

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Spain
    • France
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC countries
    • South Africa
    • Rest of MEA

Browse Chemicals & Materials Research Reports

Popular Research Reports by TMR: 

  • Waste Oil Market: https://www.transparencymarketresearch.com/waste-oil-market.html
  • Base Oil Market: https://www.transparencymarketresearch.com/base-oils-lubes-market.html
  • Fire Resistant Hydraulic Fluid Market: https://www.transparencymarketresearch.com/fire-resistant-hydraulic-fluid-market.html

About Us 

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision."

Contact

Mr Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com
Research Blog: https://cmfenews.com


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