Global Forming Fluids Market 2015-2019
About Forming Fluids
Forming fluids are a type of metal working fluids used in operations pertaining to the changing of shape and contour of metals. Forming fluids include rolling oils, drawing and stamping compounds, forging compounds, die-casting compounds, and hydroforming fluids. These liquids offer superior lubrication and corrosion protection and thus help prevent scratches or damage to the substrates during molding and fabrication. Also, most of the forming fluids protect substrates from humidity or acidic conditions that are often encountered in industrial environments. These fluids are formulated using a range of additives that enhance the performance of the composition.
Maintenance expenditure often constitutes a significant portion of various manufacturing and processing industries and the demand for innovative protection solutions in these industry segments often contributes to the demand for metal working fluids and forming fluids in particular.
Technavio's analysts forecast the global forming fluids market to grow at a CAGR of 2.84% during 2014-2019.
Covered in this Report
The report presents data on the following segments of the market:
Technavio Announces the Publication of its Research Report – Global Forming Fluids Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Forming Fluids Market: Afton, BASF, Chevron Oronite, Dow, Lonza and Lubrizol
Other Prominent Vendors in the market are: Apar, Chevron, Columbia Petro, Gazprom, Idemitsu Kosan, Indian Oil, Lukoil, Pertamina, Sinopec, SK and Total Lubricants USA
Commenting on the report, an analyst from Technavio’s team said: “End-users in the primary metals manufacturing industry are constantly trying to drive down costs to increase profit. As a result, the usage of synthetic and semi-synthetic forming fluids is expected to rise over the next few years. Synthetic and semi-synthetic products have a longer sump life and offer improved performance, which leads to reduced maintenance costs. The sump life of synthetic fluids is almost twice that of a mineral oil, while semi-synthetic fluids last one and a half times longer than mineral oils.”
According to the report, there has been a significant increase in infrastructure spending by various nations across the world in recent years. Owing to the increasing per capita income and rising standards of living in emerging economies in APAC and MEA, the construction industry has witnessed sudden growth. This has significantly increased the demand for production and fabrication machinery, which requires extensive use of forming fluids to change the shape of metals by bending, stretching etc. The depreciation of production and fabrication equipment constitutes a significant expense for organizations and as a result there is increased usage of effective forming fluids.
Further, the report states that changes in distribution channels due to deals between suppliers and producers are expected to adversely affect the global forming fluids market.
Afton, BASF, Chevron Oronite, Dow, Lonza, Lubrizol, Apar, Chevron, Columbia Petro, Gazprom, Idemitsu Kosan, Indian Oil, Lukoil, Pertamina, Sinopec, SK, Total Lubricants USA