SELBYVILLE, Del., Dec. 7, 2017 /PRNewswire-iReach/ -- Metalworking Fluids Market has become a billion-value industry due to high demand for the cutting fluids in the automotive sector. The growth in the automobile industry will positively impact the metalworking fluids industry trends, as metals are broadly used in automobiles for providing the physical and molecular strength. According to Global Market Insights, Inc., "Metalworking Fluids Market size worth USD 9.85 billion in 2015, is estimated to grow at a CAGR of 4.6% over the period of 2015-2024." Metalworking fluids are used as coolants or lubricants in workshop machining process like turning, drilling, metal forming, metal treating & protecting, etc. performing crucial tasks of cooling down metalworking assemblies and enhancing the vehicles life by increasing lubrication and reducing thermal deformation.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/831
Metal fabrication industry is experiencing escalating growth and is likely to boost metalworking fluids market share by 2024, with 2015 volume being close 1.5 billion tons and projected to reach 2.3 billion tons by the end of 2024. Steel & metal are crucial components of aerospace, automobile, original equipment manufacturers (OEMs) and machinery. Various downstream process of steel & metal such as cutting, bending and assembling, which involves the usage of these fluids, ultimately resulting in industry growth.
Stringent environmental regulations towards rising toxic leftover disposal may hamper metalworking fluids market share. Worker health risk concerns through these fluids may obstruct growth. Strong demand indicators of alloys such as aluminum in the automotive and aerospace industry may restrict product demand over the forecast timeframe, as these compounds do not demand metalworking fluids during the machining process.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/831
The flourishing automotive industry in Asia Pacific region has generated a heavy demand for metalworking fluids. China, India, Japan and Indonesia have made significant contributions in the global metalworking fluids market in 2015, and have now emerged as major regions in the global market due to rapid expansion of industries and rising government support to enlarge the manufacturing business. The accelerated rise in regional automotive sector coupled with sustainable policies in these emerging economies will boom the metalworking fluids market regional trends.
North America metalworking fluids industry will attain a substantial growth over the coming timeframe, driven by expanding automotive industry and growth of OEMs across this region. Europe, with major automotive manufacturing base in Germany, is expected to grow at a rate of 4% over the period of 2015-2024.
Browse key industry insights spread across 108 pages with 86 market data tables & 12 figures & charts from the report, "Metalworking Fluids Market Share & Forecast, 2015 ? 2024" in detail along with the table of contents:
Browse Related Reports:
Pretreatment Coatings Market Forecast, 2016 ? 2024
Pretreatment Coatings Market size was over USD 9 billion in 2015 and expects gains at over 5.5%. Positive outlook towards construction spending along with increase in automobile sales should drive coating pretreatment market size. It is an essential precursor stage for powder coatings and offers superior finish along with increasing coat shelf life to the metal surface. Metals on which powder coatings are applied include steel, aluminum, copper, galvanized steel, and zinc alloys.
Lubricant Packaging Market Forecast, 2017 ? 2024
Lubricant Packaging Market size was more than USD 11 billion in 2016 and will witness 3.5% CAGR during the projected timespan. The raw material used in the industry are petrochemical derivatives. Thus, fluctuating petrochemical feedstock prices is a major challenge for lubricant packaging market size growth in the coming years. Other major hurdle for lubricant packaging market growth is the environmental pollution caused by plastic packaging formats.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Connect with us: Facebook | Google+ | LinkedIn | Twitter
Media Contact: Arun Hegde, Global Market Insights, Inc., +13028467766, email@example.com
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Global Market Insights, Inc.
These press releases may also interest you