Global Metalworking Fluids Market Forecast 2018-2026
The metalworking fluids market is projected to grow at a CAGR of 3.34% during the forecast period of 2018-2026. Metalworking fluids have high stability for both high and low temperatures and a good chemical resistance which is an essential requirement for the growth of the automotive industry.
The global metalworking fluids market is segmented on the basis of product type and applications. The segmentation by product type is carried out on the basis of removal fluids, forming fluids, protecting fluids and treating fluids. The classification of the application segment is on the basis of transportation equipment, machinery, fabricated metal products, primary metals and metal cans and others.
The regions that are covered in this report are Asia Pacific, North America, Europe and Rest of the world. Asia-Pacific metalworking fluids market is poised to witness a significant upraise during the forecast period owing to the establishment of automotive industries in developing economies of the APAC.
Metalworking fluids is a highly competitive and disintegrated market. Some of the major market players include BP plc, Idemitsu Kosan, Quaker Chemicals, Yushiro, Exxon Mobile, Fuchs Petrolub, Houghton International, Chevron, Lukoil, and Lubrizol.