Removal Fluids Segment to Fuel Significant Growth in Metalworking Fluids Market from 2019 to 2027: TMR

-  Growth in automotive, steel fabrication and heavy machinery industries are expected to drive notable growth in metalworking fluids market over the forecast period

-  Global metalworking fluids market is set to chart growth rate of about 4%, compounded annually from 2019 to 2027, driving up market worth and creating new opportunities

ALBANY, N.Y., Oct. 21, 2020 /PRNewswire/ -- Multiple growth factors are being noted in the landscape of global metalworking fluids market. Some of the prominent ones that are keeping the market's trajectory high, promising a positive outlook, include expansion in automotive and heavy machinery industries. These are helping the market players operating in the vendor landscape with new and untapped growth opportunities.

As per Transparency Market Research, "The CAGR of the market over the forecast period of 2019 to 2027 will be about 4%. Market worth, as a result of this robust growth, would reach a value of USD 15 billion by the end of this period from about USD 11 billion in 2018."

Request for Covid-19 Impact Analysis on Metalworking Fluids Market: https://www.transparencymarketresearch.com/Covid19.php

Key Findings of Global Metalworking Fluids Market Study:

• In terms of application, segment for removal fluids is anticipated to maintain a dominant position in the market, charting a notable CAGR over the forecast period
• Region-wise, Asia Pacific (APAC) is anticipated to hold a major share of the global metalworking fluids market
• North America, Europe are excepted to record moderate growth, over the period mentioned above

Download PDF Brochure ? https://www.transparencymarketresearch.com/sample/sample.php

Key Drivers of Growth in Global Metalworking Fluids Market:

• Growth in automotive industry is being noted and it is anticipated that this will drive the market of metalworking fluids forward in a major way over the forecast period
• Another industry that is expected to be a major contributor to growth in the market is the steel fabrication industry, which is growing notably
• Rapid industrialization is another growth propeller in the global metalworking fluids market

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/10085

Regional Analysis of Global Metalworking Fluids Market:

• Leading share in the global metalworking fluids market was held by Asia Pacific (APAC) region in the year 2018
• Over the forecast period, trend of APAC's regional dominance is set to continue and countries such as India and China are expected to contribute notably to this positioning
• Being hotspots of auto components' manufacturing is helping the two countries be prominent growth propellers
• Rapid industrialization is another notable factor that is driving growth in the regional market
• Moderate growth will be noted in European and North American regions

Purchase Premium Research Report on Metalworking Fluids Market @ https://www.transparencymarketresearch.com/checkout.php

Competitive Landscape of Global Metalworking Fluids Market:

Presence of a large number of players in the global metalworking fluids market makes the vendor landscape quite fragmented. Key players operating here include Total S.A., Chevron Corporation, Indian Oil Corporation Ltd, Henkel AG & Co. KGaA, HPCL, Exxon Mobil Corporation, Houghton International Inc., Shell, BP, Croda International Plc, and China Petrochemical Corporation, among others.

Transparency Market Research has provided a deep-dive into the competitive landscape of this market. In its report, it has comprehensively profiled these players. Information on financials and recent developments are also laid out in the report.

It is also quite pertinent to note here that top-tier players are engaging with a host of growth strategies. These are primarily aimed at achieving higher growth. Some of the common focus areas in the market that promise better market positioning include development of better products, and intensive and extensive research and development activities.

Browse More Press Releases: https://www.transparencymarketresearch.com/press-releases.htm

Market segmentation:

Metalworking Fluids Market: Application

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

Metalworking Fluids Market: Regional Analysis

• North America
• U.S.
• Rest of North America
• Europe
• Germany
• UK
• Spain
• France
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• ASEAN
• Rest of Asia Pacific
• Latin America
• Brazil
• Rest of Latin America
• Middle East
• GCC
• South Africa
• Rest of Middle East & Africa

Browse Latest Reports by TMR: https://www.transparencymarketresearch.com/latest.htm

Explore Transparency Market Research's award-winning coverage of the global Chemicals and Materials Industry,

Chlorinated Paraffins Market - The global chlorinated paraffins market is projected to grow at a CAGR of nearly 3.5% between 2019 and 2027. Growth in plastic and metalworking industries is primarily estimated to augment the global chlorinated paraffins market in the next few years. However, availability of application-specific substitutes and potential prohibition on the production and consumption in developed regions are projected to hamper market growth during the forecast period.

Base Oil Market - The global base oil market was valued at ~US$ 34 Bn in 2019 and is anticipated to expand at a CAGR of ~2% during the forecast period. Among grades, the Group I segment accounted for a major share of the global base oil market in 2019. However, the demand for Group I base oil is likely to decline during the forecast period, owing to their replacement by Group II and Group III base oils. Group II base oils are capable of substituting Group I base oils in several industrial applications at minimal additional costs. Among applications, the automotive fluids segment held a significant share of the global base oil market in 2019. Asia Pacific is estimated to offer immense growth potential to the base oil market in the next few years.

Bio-based Heat Transfer Fluids Market - Bio-based heat transfer is made through the usage of bio-based products/fluids such as corn, sugar, etc. It is articulated with an ecological chemical feedstock, rather than from petroleum products.  A heat transfer fluid is any gas or liquid specifically manufactured for the purpose of transmitting heat from one system to another. For instance, a coolant is a fluid that flows through a device in order to prevent its overheating. Water is used for cooling down a car engine. Thus, in industrial and engineering terms, heat transfer fluids are also known as coolants. Heat transfer is classified into thermal convection, thermal conduction, thermal radiation, and energy transfer as a result of phase change. Heat transfer fluids avoid the overheating of any device or are used for storing thermal energy. Heat transfer fluid needs to be circulated through mechanical parts, thereby transferring the heat from one device to another. Heat transfer fluids have a wide range of applications. Several end-users are beginning to shift toward cleaner fluid-based heat transfer solutions. This is expected to make the bio-based heat transfer fluids market highly lucrative in the years to come. Bio-based heat transfer fluids are the next generation of renewable heat transfer fluids for various applications.

Water Glycol Hydraulic Fluids Market - Based on region, the global water glycol hydraulic fluids market can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is the dominating region of the global water glycol hydraulic fluids market, led by the presence of large number of steel mills, foundries, slag management, casting and forging, and machining plants. The region is followed by Europe. Demand for water glycol hydraulic fluids in China has been rising at a fast pace since the last decade. Production and demand for water glycol hydraulic fluids is expected to continue to increase in the country in the near future. The economy of China has been expanding at a rapid pace due to the increase in industrial output, imports & exports, consumer consumption, and capital investment. North America is among the major regions of the market owing to the high per-capita consumption of lubricants. The market in Middle East & Africa is also estimated to expand significantly during the forecast period owing to the growth in the industrial sector.

Explore More Upcoming Reports: https://www.transparencymarketresearch.com/upcoming.htm

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Mr. Rohit Bhisey 
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: [email protected] 
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/metalworking-fluids-market.htm 
Website: http://www.transparencymarketresearch.com

Logo: https://mma.prnewswire.com/media/1085206/Transparency_Market_Research_Logo.jpg