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Opportunities and market trends in Metalworking Fluids

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Metalworking fluids (MWF) market will be primarily driven by growing demand from automobile industry, which is exponentially growing over past few years. – PowerPoint PPT presentation

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Title: Opportunities and market trends in Metalworking Fluids


1
Global Metalworking Fluids Market Analysis
trends Industry Forecast till 2024
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights of Metalworking Fluids Market
Robust growth in the automotive industry is
amongst the major factors which has propelled
metalworking fluids (MWF) market size over past
few years. According to International
Organization of Motor Vehicle Manufacturers,
global vehicle sales in 2017 exceeded 96 million
units and shall continue to expand at promising
growth rate in the coming years. Metalworking
fluids (MWF) market will be primarily driven by
growing demand from automobile industry, which is
exponentially growing over past few years.
Disruptive technology and consistent advancements
in process improvement and component
modifications have positively influenced
traditional automobile sector across the globe.
Another prime growth driver for MWF market will
be general manufacturing industry, which has
witnessed some excellent growth numbers in
specifically Asia Pacific and Latin America over
the last decade. Growth drivers 1. Robust
growth in automotive industry 2. Growing metal
steel fabrication business
3
Continued
Metalworking Fluids Market, By Product Digitaliza
tion of automobiles and growing prominence of
electric vehicles pose a threat to MWF demand in
the future. Moreover, the increasing usage of
non-ferrous metal alloys, for example, titanium
and aluminum in aerospace industry would hamper
the product demand in the coming years as these
metal alloys dont need metalworking fluids
during machining process. Petroleum-based MWF
after usage are non-biodegradable and pose fatal
health risks to workers operating in the
surrounding for a long time. Health problems
associated with MWF application are asthma,
chronic bronchitis, allergies and skin diseases
which are mainly due to inhalation exposure to
liquid aerosols from the process
fluids. Metalworking Fluids Market, By
Region Asia Pacific accounted for a major chunk
of global metalworking fluids 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
fluids demand across the region in the coming
years.
4
Continued
Regional Data Coverage under Metalworking Fluids
Market 1. North America (U.S.,
Canada) 2. Asia Pacific (China, India,
Japan) 3. Europe (UK, Germany, France, Spain,
Italy, Russia) 4. Latin America (Brazil,
Mexico) 5. Middle East Africa (Saudi Arabia,
South Africa) Key Chapters Covered Methodolo
gy Executive Summary Metalworking Fluids
Industry Insights Metalworking Fluids Market,
By Product Metalworking Fluids Market, By
Region Company Profiles
5
Metalworking Fluids Market 2018-2024

6

Browse Full Market Research Report Metalworking
Fluids Market _at_ https//bit.ly/2fQ36Gt
Request for a Sample of this Research report
_at_ https//bit.ly/2gkj9KI
7
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