Metalworking fluid market players include SINOPEC, PT.Pertamina (Persero), Castrol, Chevron Phillips Chemical Company, ExxonMobil, LUKOIL, The Lubrizol Corporation, Total, The Dow Chemical Company, Milacron, Henkel, Afton Chemical, Chemetall, Shell, and PPG Industries.
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Soluble oil had a major market share in metalworking fluid market in 2017 and will remain market leading product segment over the forecast timeframe followed by semi-synthetic fluids. Synthetic fluids acceptance in the aerospace industry is increasing which can be attributed to the products high resistance to corrosion & rust and non-flammability at higher temperatures. Synthetic fluids are likely to grow at the highest CAGR during the forecast period.
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Synthetic fluids shall be the fastest growing segment in the overall metalworking fluid market during the forecast timeframe. Aerospace industry is increasingly accepting synthetic fluids for manufacturing processes as these have non-flammability at higher temperatures coupled with superior resistance to rust and corrosion. Synthetic fluids are a good substitute to petroleum-based oils as they are water-based concentrates with excellent cooling performance.
Removal fluids processed in metal removing is likely to be one of the lucrative application segments in the metalworking fluid market over the forecast timeframe. Forming fluids shall be the second most prominent application segment in the industry due to the growth in automotive and steel industries in the coming years.
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Asia Pacific accounted for a major chunk of global metalworking fluid market in 2017 and shall continue to remain in same position by 2025. Increasing product manufacturers focus in setting up production facilities in Asian countries including China and India on account of low initial investment and minimum labor charges, has resulted in reduced product prices.
Also, subsidies for specific industries, tax breaks and export-oriented growth policies in countries including China, Japan, Indonesia, Bangladesh, India, etc., has grabbed attention of multi-national across the globe. Additionally, the regional market is comparatively irregulated, which shall be eventually fueling metalworking fluid demand across the region in the coming years.
Major players operating in the metalworking fluid market include Apar Industries Limited, Castrol, Chevron Phillips Chemical Company, ExxonMobil, Fuchs Lubricants Co., Houghton International, LUKOIL, The Lubrizol Corporation, Total, Quaker Chemical Corporation, The Dow Chemical Company, Master Chemical Corporation, Milacron, Henkel, Afton Chemical, Chemetall, PPG Industries, Shell, Hindustan Petroleum Corporation Limited, Indian Oil Corporation Limited, SINOPEC, PT.Pertamina (Persero). The industry witnessed strategic mergers and acquisitions by major players to retain their business share across the value chain.
Browse key industry insights spread across 281 pages with 296 market data tables & 50 figures & charts from the report, “Metalworking Fluids Market Size By Product (Neat Oil, Soluble Oil, Semi-Synthetic Fluid, Synthetic Fluid), By Application (Removal Fluids, Forming Fluids, Protecting Fluids, Treating Fluids) Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, China, India, Japan, Australia, Malaysia, Indonesia, Brazil, Mexico, South Africa, Saudi Arabia, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025” in detail along with the table of contents:
Table of Contents (ToC) of the report:
Chapter 3. Metalworking Fluids Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 - 2025
3.3. Industry ecosystem analysis
3.3.1. Raw material analysis
3.3.2. Manufacturing trends
3.3.3. Profit margin
3.3.4. Value addition
3.3.5. Distribution channel analysis
3.3.6. Vendor matrix
188.8.131.52. List of key raw material suppliers
184.108.40.206. List of key manufacturers/distributors
220.127.116.11. List of key/potential customers
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Technology landscape
3.4.3. Production process
3.4.4. Comparison of manufacturing techniques
3.4.5. Future trends
3.5. Industry impact forces
3.5.1. Growth drivers
18.104.22.168. Global drivers
22.214.171.124.1. Robust growth in automotive industry
126.96.36.199.2. Growing metal & steel fabrication business
3.5.2. Industry pitfalls & challenges
188.8.131.52. Associated environmental and worker health hazards
3.6. Regulatory landscape
3.7. Growth potential analysis
3.8. Regional price trends
3.8.1. Cost structure analysis
184.108.40.206. R&D cost
220.127.116.11. Manufacturing & equipment cost
18.104.22.168. Raw material cost
22.214.171.124. Distribution cost
126.96.36.199. Operating cost
188.8.131.52. Miscellaneous cost
3.8.2. Price by product
3.8.3. Price by application
3.9. Competitive landscape, 2017
3.9.1. Company market share analysis, 2017
3.9.2. Brand analysis
3.9.3. Key stakeholders
3.9.4. Strategic dashboard
3.10. Porter’s analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. PESTEL analysis
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