Growing Automobile And Metal/Steel Fabrication Industry To Accelerate The Global Metalworking Fluids Market

According to a recently published report, the global Metalworking Fluids Market is expected to grow at a CAGR of 5.1 % during the forecast period of 2016-2022 and generate a revenue of $14 billion by 2022.The segmentation of global metalworking fluids marketis based on theproduct type, end user,application,and geography. The report global metalworking fluids market forecast2016-2022 (by product type, end user, application,and geography) provides a detailed overview and predictive analysis of the market.

Full report global metalworking fluids market forecast2016-2022 (by product type, end user, application,and geography)report at http://www.briskinsights.com/report/metalworking-fluids-market

Global metalworking fluids are used to reduce the heat and friction between the work piece and the cutting tool, thereby protecting the machine from overheating and malfunctioning.

The major factors driving the global metalworking fluids market are growing automobile industry and rising applications of metalworking fluids in steel and metal fabrication industry. The global automobile industry market has registered an annual growth rate of over 5.5%, and generated a revenue of $ 5.1 trillion in 2015. Around 68,539,516 cars were produced in 2015, globally, and around 22,241,067 trucks, with an increase of 2.3% over the previous year’s production.In addition, due to increased urbanization, industrialization, and rising investments metal and steel fabrication industry is also growing at a rapid pace. The growing automobile production and increasing usage of metalworking fluids in metal fabrication industry will foster the demand of metalworking fluids, across the globe. However, few restraints and challenges such as reduction in metal parts by automakers; rising regulations on the use of anti-microbial chemicals;minimum quantity lubrication; and, near dry machining are hampering the market potential of global metalworking fluids market. Nevertheless, the emergence of bio based and multiphase metalworking fluids and rising industrial growth in APAC and Latin America region will create huge growth opportunities for the market.

Scope of the Report

1. Global Metalworking Fluids Market byProduct Type 2012-2022 ($ Million)
1.1. Removal Fluids
1.2. Protecting Fluids
1.3. Forming Fluids
1.4. Treating Fluids

2. Global Metalworking Fluids Market by Application 2012-2022 ($ Million)
2.1. Additives
2.1.1. Antioxidants
2.1.2. Friction modifiers
2.1.3. Antiwear
2.1.4. Corrosion inhibitors
2.1.5. Detergents
2.1.6. Solvents
2.1.7. Demulsifiers
2.1.8. Solid lubrication
2.1.9. Antifoam
2.2. Base Oils
2.2.1. Mineral oils
2.2.2. Synthetic oils
2.2.3. Natural oils

3. Global Metalworking Fluids Marketby End User Industry 2012-2022 ($ Million)
3.1. Transport Equipment
3.2. Primary Ferrous Products
3.3. Primary Non-Ferrous Products
3.4. Machinery
3.5. Metal Fabrication
3.6. Others

4. Global Metalworking Fluids MarketRegional Outlook 2012-2022 ($Million)
4.1. North America
4.2. Europe
4.3. Asia Pacific
4.4. Middle East & Africa
4.5. Central & South America

5. Company Profiles
5.1. BASF SE
5.2. BP PLC
5.3. Castrol India Ltd.
5.4. Chevron Corp.
5.5. ChinaPetroleum & Chemical Corporation
5.6. Exxonmobil Corp.
5.7. Fuchs Petrolub AG
5.8. Houghton International Inc.
5.9. Idemitsu Kosan Co. Ltd.
5.10. Lonza Group
5.11. Lubrizol Corp.
5.12. Lukoil Oil Co.
5.13. Sinopec Ltd.
5.14. The Dow Chemical Company
5.15. Total S.A.