Home > Chemicals and Materials > Metalworking > europe metalworking fluids market
Get a free sample of Europe Metalworking Fluids Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Europe Metalworking Fluids Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Metalworking fluid manufacturers continue to accelerate investments in production facilities and expand their local presence to gain a competitive edge in regional markets. For an instance, in April 2018, Clariant extended its distribution partnership with Azelis for its waxes and specialty chemical product segment. This agreement will allow the company to achieve satiability in distribution operations, especially in Europe. This investment will increase the company's local presence and provide its customers with a wide range of products.
The key Europe metalworking fluids industry participants include :
Metalworking fluids are mainly employed for reducing heat and friction as well as to remove metal particles in industrial machining and grinding operations.
The global metalworking fluids market size in Europe was around USD 2,678 million in 2020 and will foresee a CAGR of over 5.4% up to 2027 driven by increasing demand by original equipment manufacturers for automation, metal fabrication, and steel.
The metalworking fluids market in Germany is anticipated to record a 5.5% CAGR through 2027 owing to the rapidly increasing industrial activities and production operations in the region.
The European metalworking fluids market share from the automotive industry is set to record a 5.5% CAGR up to 2027 driven by the escalating trend of weight reduction and electric or hybrid vehicles.
The regional market share from the soluble oil product segment will cross USD 1.5 billion through 2027 owing to increasing penetration in chip formation, preventing overheating, and extending the service life of machine tools.