Metalworking Fluid Market Estimates, Product Benchmarking,
Segmentation Forecast 2012-2022
“Metalworking Fluid Market is expected to witness lucrative growth over the
forecast period owing to the rising demand for automobiles.”
Global Metalworking Fluid Market is expected to witness lucrative growth over the forecast period owing to
the rising demand for automobiles. The stringent government initiatives supporting the manufacturing sector
have led to the increase in production output. Hence, is projected to boost the growth of this market. In addition,
massive industrial growth in Asia Pacific & Africa region is estimated to accentuate the growth of this industry.
The volatility in crude oil prices is also presumed to impact the market growth. The base oil suppliers are at
economical advantage owing to the oversupply of crude oil. Thus, resulting in improving their margins over the
past couple of years. Moreover, the rising awareness level regarding the harmful effects and high risk of using
semi-synthetic and synthetic metalworking fluids has forced manufacturers to increase the research and
development expenses on the advancement of bio-based metalworking fluids.
Metalworking fluids are used for lubrication and cooling of metal when they are subjected to processes such as
machining, grinding and milling. These fluids help in reducing the heat and friction between the cutting tool and
work piece and prevent from smoking and burning. The gaining popularity of the metalworking fluids for
enhancing the surface finish and tool life is estimated to fuel the market growth. Furthermore, the expanding
in the niche applications such as medical machining is anticipated to propel the demand for metalworking fluids
across the globe. However, stringent environmental regulations could pose a challenge to the growth of this
industry. The market on the basis of the product is segmented into Mineral-based, synthetic and semi-synthetic
based products.
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