GLOBAL METALWORKING FLUIDS MARKET FORECAST 2020-2028

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GLOBAL METALWORKING FLUIDS MARKET FORECAST 2020-2028

Inkwood Research estimates that the global metalworking fluids market is estimated to project a CAGR of 3.26% during the forecast period & will reach revenue of $12.19 billion by 2028. The base year considered for the market study is 2019, and the forecasted period is between 2020 and 2028.

GLOBAL METALWORKING FLUIDS MARKET FORECAST 2020-2028

Global Metalworking Fluids Market by Product Type (Removal Fluids, Forming Fluids, Protecting Fluids, Treating Fluids) by Application Types(Transportation Equipment, Machinery, Fabricated Metal Products, Primary Metals, Metal Cans and Others) & by Geography.

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Inkwood Research estimates that the global metalworking fluids market is estimated to project a CAGR of 3.26% during the forecast period & will reach revenue of $12.19 billion by 2028. The base year considered for the market study is 2019, and the forecasted period is between 2020 and 2028.

The factors augmenting the global metalworking fluids market include:

  • Growing demand from the transportation industry
  • Rising demand for innovative products and R&D activities
  • The increasing popularity of synthetic metalworking fluids in the Asia Pacific

Metalworking fluids are used extensively in the automotive industry. They form an integral part of the automotive industry, finding use in numerous operations such as forging, stamping, and machining. Thereby, the increasing production and sales of automobiles and other transportation components is expected to increase the demand for the overall market. Furthermore, innovation and R&D activities are the most important factor in the growth and sustainability of the market. Changes in the regulations and application industry, R&D activities, and new product developments, are expected to be the major factors responsible for the growth of this market.

Transportation equipment is the largest, as well as the fastest-growing domain in the application segment, with around 35.34% market share in 2019. Innovations in the product design and advances in technology have raised the demand for metalworking fluids in applications like transportation equipment, and machinery is likely to drive the market growth during the forecasted period. Further, advances in technology, processes, and equipment and service fronts, are driving the need for the customization of functional fluids that suit the needs of the applications.

However, the impact of electric vehicles is restraining the growth of the metalworking fluids market. In the Asia Pacific region, the governments have adopted favorable policies toward the adoption of electric vehicles and expanding the manufacturing infrastructure pertaining to electric vehicles.

The report on the global metalworking fluids market includes segmentation analysis on the basis of product and application.

Market by Product:

  • Treating Fluids
  • Removal Fluids
  • Protecting Fluids
  • Forming Fluids

Market by Application:

  • Transportation Equipment
  • Metal Cans and Others
  • Fabricated Metal Products
  • Primary Metals
  • Machinery

Geographically, the global metalworking fluids market has been segmented into four major regions:

  • North America: the United States and Canada
  • Europe: the United Kingdom, France, Germany, Italy, Russia, Belgium, Poland, and the Rest of Europe
  • Asia Pacific: China, Japan, India, South Korea, Thailand, Indonesia, Vietnam, Australia & New Zealand, and the Rest of Asia Pacific
  • Rest of World: Latin America, the Middle East & Africa

In 2019, Asia Pacific captured the largest market share of 44.14%, in terms of revenue. The metalworking fluid market is overlooking a steady growth in the region, due to growth in the base oil market, rapid industrialization, rising population, and urbanization, coupled with growth in end-use industries such as textiles, chemicals, food processing,  and metalworking. For instance, in South Korea, the construction market is expected to witness strong growth, owing to the stable business environment, market-oriented government policies, and efficient urban planning. Due to duty-free market access in South Korea under the Korea US Free Trade Agreement, a higher degree of penetration of US building product manufacturers is expected. This factor, in turn, is expected to result in favoring the overall market.

Some of the significant players dominating the global metalworking fluids market include:

  • Houghton International Inc.
  • BP Plc
  • Total S.A.
  • Fuchs
  • And others

In October 2019, Houghton announced the acquisition of Norman Hay plc, a UK company that provides operating equipment, specialty chemicals, and services to several end user markets.

Key findings of the global metalworking fluids market:

  • The Asia Pacific leads the global metalworking fluids market by capturing the largest market share of around 44.14% in 2019.
  • The rising demand for exploration of natural gas is driving the growth of the market.
  • The transportation equipment segment is projected to grow with a CAGR of 3.37% during the forecasted period.
  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • MARKET DEFINITION
    • KEY DRIVERS
      • GROWING DEMAND FROM THE TRANSPORTATION INDUSTRY
      • RISING DEMAND FOR INNOVATIVE PRODUCTS AND R&D ACTIVITIES
      • GROWING POPULARITY OF SYNTHETIC METALWORKING FLUIDS IN ASIA-PACIFIC
    • KEY RESTRAINTS
      • VULNERABLE TO MICROBIAL ATTACK
      • ENVIRONMENT, HEALTH, AND SAFETY ISSUES
      • IMPACT OF ELECTRIC VEHICLES (EVS) IN THE FUTURE
  1. KEY ANALYTICS
    • KEY INVESTMENT INSIGHTS
    • PORTER’S FIVE FORCE ANALYSIS
      • BUYER POWER
      • SUPPLIER POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • KEY BUYING CRITERIA
      • COST
      • AVAILABILITY
      • REGULATIONS
  1. MARKET BY PRODUCT
    • REMOVAL FLUIDS
    • FORMING FLUIDS
    • PROTECTING FLUIDS
    • TREATING FLUIDS
  2. MARKET BY APPLICATION
    • TRANSPORTATION EQUIPMENT
    • MACHINERY
    • FABRICATED METAL PRODUCTS
    • PRIMARY METALS
    • METAL CANS AND OTHERS
  3. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • RUSSIA
      • BELGIUM
      • POLAND
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • INDONESIA
      • THAILAND
      • VIETNAM
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • HOUGHTON INTERNATIONAL INC.
    • BLASER SWISSLUBE AG
    • BP PLC
    • EXXONMOBIL CORPORATION
    • TOTAL S.A.
    • FUCHS
    • QUAKER CHEMICAL CORPORATION
    • ENI SPA
    • CHEVRON CORPORATION
    • CRODA INTERNATIONAL PLC.
    • VEEDOL INTERNATIONAL LTD.
    • HINDUSTAN PETROLEUM CORPORATION LTD.
    • MASTER FLUID SOLUTIONS
    • HARDCASTLE PETROFER
    • ZELLER + GMELIN GMBH CO. KG

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – METAL WORKING FLUID

TABLE 2: GLOBAL METALWORKING FLUIDS MARKET, BY PRODUCT, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 3: GLOBAL METALWORKING FLUIDS MARKET, BY PRODUCT, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 4: GLOBAL REMOVAL FLUIDS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 5: GLOBAL REMOVAL FLUIDS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 6: GLOBAL FORMING FLUIDS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: GLOBAL FORMING FLUIDS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 8: GLOBAL PROTECTING FLUIDS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 9: GLOBAL PROTECTING FLUIDS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 10: GLOBAL TREATING FLUIDS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 11: GLOBAL TREATING FLUIDS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 12: GLOBAL METALWORKING FLUIDS MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 13: GLOBAL METALWORKING FLUIDS MARKET, BY APPLICATION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 14: GLOBAL TRANSPORTATION EQUIPMENT MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 15: GLOBAL TRANSPORTATION EQUIPMENT MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 16: GLOBAL MACHINERY MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 17: GLOBAL MACHINERY MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 18: GLOBAL FABRICATED METAL PRODUCTS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 19: GLOBAL FABRICATED METAL PRODUCTS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 20: GLOBAL PRIMARY METALS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 21: GLOBAL PRIMARY METALS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 22: GLOBAL METAL CANS AND OTHERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 23: GLOBAL METAL CANS AND OTHERS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 24: GLOBAL METALWORKING FLUIDS MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 25: GLOBAL METALWORKING FLUIDS MARKET, BY GEOGRAPHY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 26: NORTH AMERICA METALWORKING FLUIDS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 27: NORTH AMERICA METALWORKING FLUIDS MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 28: EUROPE METALWORKING FLUIDS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 29: EUROPE METALWORKING FLUIDS MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 30: ASIA PACIFIC METALWORKING FLUIDS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 31: ASIA PACIFIC METALWORKING FLUIDS MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 32: REST OF WORLD METALWORKING FLUIDS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 33: REST OF WORLD METALWORKING FLUIDS MARKET, BY REGION, FORECAST YEARS, 2020 -2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: KEY BUYING CRITERIA

FIGURE 6: GLOBAL METALWORKING FLUIDS MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2019

FIGURE 7: GLOBAL METALWORKING FLUIDS MARKET, BY REMOVAL FLUIDS, 2020-2028 (IN $ MILLION)

FIGURE 8: GLOBAL METALWORKING FLUIDS MARKET, BY FORMING FLUIDS, 2020-2028 (IN $ MILLION)

FIGURE 9: GLOBAL METALWORKING FLUIDS MARKET, BY PROTECTING FLUIDS, 2020-2028 (IN $ MILLION)

FIGURE 10: GLOBAL METALWORKING FLUIDS MARKET, TREATING FLUIDS, 2020-2028 (IN $ MILLION)

FIGURE 11: GLOBAL METALWORKING FLUIDS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2019

FIGURE 12: GLOBAL METALWORKING FLUIDS MARKET, BY TRANSPORTATION EQUIPMENT, 2020-2028 (IN $ MILLION)

FIGURE 13: GLOBAL METALWORKING FLUIDS MARKET, MACHINERY, 2020-2028 (IN $ MILLION)

FIGURE 14: GLOBAL METALWORKING FLUIDS MARKET, FABRICATED METAL PRODUCTS, 2020-2028 (IN $ MILLION)

FIGURE 15: GLOBAL METALWORKING FLUIDS MARKET, PRIMARY METALS, 2020 -2028 (IN $ MILLION)

FIGURE 16: GLOBAL METALWORKING FLUIDS MARKET, BY METAL CANS AND OTHERS, 2020-2028 (IN $ MILLION)

FIGURE 17: NORTH AMERICA METALWORKING FLUIDS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 18: UNITED STATES METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION/BILLION)

FIGURE 19: CANADA METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)

FIGURE 20: EUROPE METALWORKING FLUIDS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 21: UNITED KINGDOM METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)

FIGURE 22: GERMANY METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)

FIGURE 23: FRANCE METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)

FIGURE 24: ITALY METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)

FIGURE 25: RUSSIA METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)

FIGURE 26: BELGIUM METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)

FIGURE 27: POLAND METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)

FIGURE 28: REST OF EUROPE METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)

FIGURE 29: ASIA PACIFIC METALWORKING FLUIDS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 30: CHINA METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)

FIGURE 31: JAPAN METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)

FIGURE 32: INDIA METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)

FIGURE 33: SOUTH KOREA METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)

FIGURE 34: INDONESIA METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)

FIGURE 35: THAILAND METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)

FIGURE 36: VIETNAM METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)

FIGURE 37: AUSTRALIA & NEW ZEALAND METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)

FIGURE 38: REST OF ASIA PACIFIC METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)

FIGURE 39: REST OF WORLD METALWORKING FLUIDS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 40: LATIN AMERICA METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)

FIGURE 41: MIDDLE EAST & AFRICA METALWORKING FLUIDS MARKET, 2020-2028 (IN $ MILLION)

  1. MARKET BY PRODUCT
    • REMOVAL FLUIDS
    • FORMING FLUIDS
    • PROTECTING FLUIDS
    • TREATING FLUIDS
  2. MARKET BY APPLICATION
    • TRANSPORTATION EQUIPMENT
    • MACHINERY
    • FABRICATED METAL PRODUCTS
    • PRIMARY METALS
    • METAL CANS AND OTHERS
  3. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • RUSSIA
      • BELGIUM
      • POLAND
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • INDONESIA
      • THAILAND
      • VIETNAM
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

 

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