The global Metalworking Fluids market was valued at US$ 11.73 Bn. in 2022 and is anticipated to achieve US$ 16.29 Bn. by 2029, with a projected Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period.
Market Overview:
Extensive primary and secondary research was undertaken by a dedicated research team to delve into the worldwide Metalworking Fluids market. Secondary research supplemented existing data, aiding in market segmentation, assessment of total market size, anticipation of market growth, and determination of growth rates.
Market Scope:
Maximize, our team, gathers market insights and data from diverse sources to offer a comprehensive regional outlook. Country-level analysis is founded on a thorough examination of regional stakeholders, tax laws, consumer behavior, and macroeconomic indicators.
Drivers:
The Metalworking Fluids market report comprehensively covers major restraints and drivers influencing market dynamics.
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Segmentation:
by Product
Mineral
Synthetic
Bio-based
by Function
Neat Cutting Oils
Water Cutting Oils
Corrosion Preventive Oils
Others
by Application
Construction
Electric & Power
Agriculture
Automobile
Aerospace
Rail
Marine
Telecommunication
Healthcare
by End-Use
Metal Fabrication
Transportation Equipment
Machinery
Others
Key Players: The primary players in the market are listed as follows:
1. ExxonMobil Corporation (U.S.)
2. Houghton International Inc. (U.S.)
3. Chevron Corporation (U.S.)
4. Lubrizol Corporation (U.S.)
5. Quaker Chemical Corporation (U.S.)
6. The Dow Chemical Company (U.S.)
7. Master Chemical Corporation (U.S.)
8. Cimcool Industrial Products LLC (U.S.)
9. Lukoil Oil Company (Russia)
10.Blaser Swisslube AG (Switzerland)
11.Clariant AG (Switzerland)
12.Infineum International Limited (U.K.)
13.Croda International Plc. (U.K)
14.Shell (Netherlands)
15.Lukoil Lubricants ( Russia)
16.Fuchs Petrolub SE (Germany)
17.Total S.A. (France)
18.China Petroleum & Chemical Corp. (China)
19.Idemitsu Kosan Co. Ltd (Japan)
20.BP plc. (India)
21.Milacron, Henkel Corporation (India)
22.Apar Industries Ltd. (India)
23.Yushiro Chemical Industry Co. Ltd. (Japan)
24.Metalworking Lubricants Company (India)
25.Indian Oil Corporation Ltd (India)
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Regional Analysis:
The Metalworking Fluids Market report conducts a country-level analysis, emphasizing high-growth categories, countries with significant market shares, and those with substantial growth potential. Regional breakdowns include North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other countries.
COVID-19 Impact Analysis on Metalworking Fluids Market:
The report includes an assessment of the COVID-19 impact on the global Metalworking Fluids market.
Key Questions Answered: The Metalworking Fluids Market Report addresses key inquiries such as:
- Which product segment dominated the Metalworking Fluids market in 2020?
- How is the competitive landscape projected to evolve during the forecast period (2021-2027)?
- What are the primary factors fostering Metalworking Fluids market growth?
- Which region accounted for the largest market share in 2020?
- What is the forecasted CAGR of the global Metalworking Fluids market for the period 2021-2027?
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