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Metalworking Fluids Market Share

Report ID: GMI831
Published Date: Mar 2020
Report Format: PDF

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Metalworking Fluids Market Share

The major players involved in metalworking fluids industry held more than 50% of the total industry share. The ecosystem has presence of some multi-national giants such as

FUCHS
Castrol
Quacker
Chem Arrow Corporation
ExxonMobil
The Lubrizol Corporation
Total S.A.

Every company has a wide product portfolio which includes metalworking fluids with specifications for almost every application. Furthermore, industry players are adopting various organic and inorganic growth strategies to attain a larger share in the overall market. For instance, Exxon Mobil in 2017 expanded its hydrocarbon fluids capacity by 250,000 tons per year.

The players can also be seen adopting inorganic strategies such as mergers, acquisitions and partnerships to attain strategic dominance over their competitors. For instance, in August 2018, Yushiro Chemical Industries, a manufacturer of metalworking chemicals in Asia Pacific region announced strategic partnership with North America based Qualichem. This partnership agreement is in accordance with their strategy to share technology and material expertise.

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

Metalworking fluids market will observe a CAGR of 4.8% over 2020-2026 with rising demand for designing applications and metal processing in general manufacturing and automobiles industries.

Synthetic fluids segment will witness a CAGR of 5.2% through 2026 on account of growing product demand owing to its superior and consistent performance.

Removal fluids segment had captured over 50% share in 2019 and will record a CAGR of 4.9% through 2026 due to increasing product adoption in industries for grinding and machining operations.

Automotive segment had captured over 35% share in 2019 on account of rising disposable income and improving living standards in countries like India, Indonesia, etc.

Asia Pacific market accounted for 45% share in 2019 owing to increasing automotive customer base in China and India along with robust industrialization in the region.