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Metalworking Fluids Market Size
- Report ID: GMI831
- Published Date: Mar 2020
- Report Format: PDF
Metalworking Fluids Market Size
Global metalworking fluids market revenue in 2019 was USD 11.6 billion and will grow with a CAGR over 4.8% during the forecast period driven by the augmenting demand for designing applications and metal processing in general manufacturing and automobiles industries. Indispensable use of these fluids across automotive and metal fabrication industries will complement business growth by 2026.
Increasing product demand in the industries such as automation, metal fabrication, steel and original equipment manufacturers (OEM) is analysed to be a major factor propelling the global metalworking fluids market share by 2026. The product is majorly used for metal removal, protection, forming metal treating applications in these industries.
Volatility in the crude oil prices owing to geopolitical scenario in the Middle East may hamper its demand at some extent over the forecast period. Furthermore, strict government dumping regulations of metalworking fluids shall act as a major downside to the market. However, many manufacturers are seen to innovate new dumping and treatment processes to comply with the ongoing regulations, which shall create new growth avenues in the future.
| Report Attribute | Details |
|---|---|
| Base Year: | 2019 |
| Metalworking Fluids Market Size in 2019: | 11,654.7 Million (USD) |
| Forecast Period: | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR: | 4.8% |
| 2026 Value Projection: | 16,079.3 Million (USD) |
| Historical Data for: | 2016 to 2019 |
| No. of Pages: | 394 |
| Tables, Charts & Figures: | 488 |
| Segments covered: | Product type, Application, End-User and Region |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Metalworking Fluids Market Scope
