Global Removal Fluids Market 2016-2020
About Removal Fluids
Removal fluids are categorized as lubricant or coolants fabricated particularly for metalworking processes, including stamping and machining. There are different sub-segments of removal fluids include oils, oil-water emulsions, air, aerosols (mists), pastes, gels, and gases. Removal fluids may be fabricated with the help of petroleum distillates, plant oils, animal fats, air and water, and other raw ingredients. Depending on workpiece material, most machining and metalworking processes use removal fluids for their operation; exceptions are brass and cast iron, which are machined dry operating conditions.
Technavio’s analysts forecast the global removal fluids market to grow at a CAGR of 4.2% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global removal fluids market for 2016-2020. To calculate the market size, the report considers the sales of removal fluids in its various end-user applications, including transportation, machinery, primary and fabricated metals, and metal cans.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Removal Fluids Market 2016-2020
Technavio recognizes the following companies as the key players in the global removal fluids market: BASF, BP, Chevron Lubricants, ExxonMobil, Lonza, Fuchs, Apar, Columbia Petro Chem, Gazpromneft, Idemitsu Kosan, Lukoil, Pertamina, and Sinopec.
Commenting on the report, an analyst from Technavio’s team said: “Modifications in distribution channels will be a key trend for market growth. The availability of removal fluids is directly dependent on the structure of the distribution channels. There has been a significant shift in the distribution process, especially in North America. One of the major changes in distribution is the introduction of chemical management programs, which pave the way for suppliers of metal finishing products, cleansers, and water treatment chemicals, as well as waste treatment companies, distributors, and others, to supply removal fluids through subcontracts with removal fluid producers.”
According to the report, as future removal fluids need to be better performing, new approaches, such as multiphase products systems, are evolving, including metalworking fluid systems for high coolant pressure-based high-speed cutting enabled smaller machines. This will act as a primary driver for the market as technological innovations, and development of new products will open up untapped profit avenues for removal fluids manufacturers.
Further, the report states that China has experienced a constant fast-paced growth, with a GDP of 6.9%, during 2015. Unfortunately, the pace of the growth of the industrial production in the country has slowed down in recent years. This deceleration of the economic growth in the country, along with the near-saturated condition of the removal fluids market in Japan, is a challenge for the manufacturers in these countries.
BASF, BP, Chevron Lubricants, ExxonMobil, Lonza, Fuchs, Apar, Columbia Petro Chem, Gazpromneft, Idemitsu Kosan, Lukoil, Pertamina, and Sinopec.