Metalworking Fluids Market To Rise With A Strong CAGR Of 4.6% By 2024

Metalworking Fluids Market

Metalworking fluids are also known as cutting fluids. They are used as coolant and lubricants in metalworking processes such as machining and fabrications. They are different types of metalworking fluids employed in different applications such as metal removal, metal forming, metal protecting and metal protecting fluids. Based on the applications metalworking fluids are segmented into different types. Metalworking fluids are manufactured from different process and different raw materials such as petroleum distillates, animal fats, plant oil, air and water.

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The report comprises in-depth analysis and forecast of the metalworking fluids market on a global as well as regional level. The report includes forecast for the period from 2016 to 2024 in terms of volume (kilo tons) and revenue (US$ Mn). Quantitative data has been derived through extensive secondary research of the global metalworking fluids market. Secondary sources typically include company websites, relevant magazines, government documents, and press releases.

The top-down approach has been adopted to derive the regional numbers from global revenue and volume figures. Furthermore, the bottom-up approach has been employed to derive data for various application segments based on demand for metalworking fluids in each geographic segment. A combination of top-down and bottom-up approaches helps in validation of the quantitative data of the market. The data was further validated with the help of primary research with industry experts to ensure accuracy of derived numbers.

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Detailed analysis of various factors driving the global metalworking fluids market has been included for astute decision making. Impact of these drivers during the forecast period has been included with data to substantiate research findings. Furthermore, factors restraining market growth have been included for better understanding of the market. Impact of these restraints has been analyzed over the forecast period. The report also comprises various opportunities available for market growth over the next eight years. Opportunities entail untapped or recently explored factors that are anticipated to drive the metalworking fluids market during the forecast period.

The report includes value chain analysis to help understand the industry thoroughly. Value chain analysis comprises detailed evaluation of the roles of various entities involved in the metalworking fluids industry, from raw material suppliers to end-users. Various processes employed in the manufacture of metalworking fluids have been included in the value chain analysis. Porter’s Five Forces model has been employed to determine the degree of competition in the market during the forecast period.

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Based on application type, the metalworking fluids market has been segmented into removal fluids, forming fluids, protecting fluids and protecting fluids. The report comprises detailed analysis of all the segments in the regional and global markets and forecast based on current and future trends in the industry in terms of volume (kilo tons) and revenue (US$ Mn). In terms of region, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Demand for metalworking fluids in each of its application segment has been analyzed and forecast for a period of eight years.

The report also comprises profiles of leading companies in the metalworking fluids market. These include Castrol Limited, Exxon Mobil Corporation, FUCHS, and Houghton. Various attributes of these companies such as company overview, business strategies, and recent developments form the core of the company profiles section.

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Rakesh Joined: November 28th, 2018