(EMAILWIRE.COM, January 20, 2025 ) The global Metalworking Fluids Market size was USD 12.2 billion in 2024 and is projected to reach USD 14.7 billion by 2029, at a CAGR of 3.7%, between 2024 and 2029.
Browse in-depth TOC on “Metalworking Fluids Market
310 – Market Data Tables
59 – Figures
266 – Pages
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=116835111
Based on type, the metalworking fluids market is segmented as straight oils, soluble oils, semi-synthetic fluids, and synthetic fluids. From them, soluble oils accounted for largest market share, in terms of value, in 2023 and continue to dominate during the forecast period. This dominance is attributed to its excellent thermal stability and cooling capabilities. The demand for soluble oils is also influenced by environmental factors. This quality corresponds with the increasing focus on sustainability and adherence to regulations in modern manufacturing practices.
Based on product type, the metalworking fluids market is segmented as removal fluid, protecting fluids, forming fluids, and treating fluids. Notably, the removal fluid segment emerged as the market leader, accounted for largest market share, in terms of value, in 2023. The properties of removal fluid such as process efficiency, tool life, surface finish quality, and metal removal rates have contributed to the removal fluid segment’s leadership in the metalworking fluids market.
Based on end-use industry, the metalworking fluids market is segmented into transport equipment manufacturing, metal fabrication, machinery, and other end-use industries. The transport equipment manufacturing segment is is estimated to be the largest end-use industry and is projected to register the highest CAGR in terms of value, during the forecast period. This is mainly due to the to the need of high precision components to ensure safety, efficiency, and durability of vehicles.
Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=116835111
Based on region, Asia Pacific is the largest market metalworking fluids, in terms of value, in 2023 due to the due to its robust economic growth, increasing population, rapid industrialization rising disposable incomes, and favourable government regulations. Moreover, densely populated countries such as China and India experience high demand across various sectors, including automotive, manufacturing, and construction. Thus, the demand for metalworking fluids is high in Asia Pacific region. Likewise, the Asia Pacific is projected to be the fastest growing market, in terms of value, during the forecast period 2024 to 2029.
Metalworking Fluids Market Key Players
The key players profiled in the report include Quaker Houghton (US), Exxon Mobil Corporation (US), BP p.l.c. (UK), TotalEnergies SE (France), FUCHS (Germany), Idemitsu Kosan Co., Ltd. (Japan), Chevron Corporation (US), Chem Arrow Corporation (US), LUKOIL (Russia), China Petroleum & Chemical Corporation (SINOPEC) (China), and Valvoline Inc. (US). These companies have reliable manufacturing facilities as well as strong distribution networks across key regions, such as North America, Europe, Asia Pacific, and the Middle East & Africa. They have an established portfolio of reputable products and services, a robust market presence, and strong business strategies.
Don’t miss out on business opportunities in Metalworking Fluids Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=116835111
About MarketsandMarkets
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: [email protected]
Visit Our Website: https://www.marketsandmarkets.com
