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Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Metalworking Fluids Market, Forecast to 2024 - ResearchAndMarkets.com

November 19, 2019

DUBLIN--(BUSINESS WIRE)--Nov 19, 2019--

The “Metalworking Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

The global metalworking fluids market is reached a value of US$ 11 Billion in 2018. Looking forward, the market to reach a value of around US$ 13 Billion by 2024, registering a CAGR of around 3% during 2019-2024.

The thriving automotive industry is the key factor driving the market. Metals are widely used to provide structural strength and durability to automobile vehicles. Consequently, metalworking fluids are required for metal removal, chemical treatment and protection, and enhancing the overall work hours of the tool.

Furthermore, increased consumer spending on vehicle modifications has catalyzed the market growth. A shift in the preference from traditional metal alloys to stainless steel, aluminum and titanium is also projected to drive the market further. These metals provide lightweight and long-lasting features to the equipment which are highly desirable in the market.

Moreover, increasing research and development (R&D) activities conducted by original equipment manufacturers (OEM) to produce higher volumes of metal components that ensure energy efficiency in equipment is also projected to drive the demand for metalworking fluids in the coming years.

Competitive Landscape

The report has also analyzed the competitive landscape of the market with some of the key players being BP, Chevron, Houghton International, ExxonMobil, Total S.A., Apar, Hindustan Petroleum Corporation Limited, Castrol Limited, Indian Oil Corporation Limited, Lubrizol, Gazprom, Pertamina, Columbia Petro, PETRONAS Lubricants International, Quaker Chemical Corporation, etc.

Key Questions Answered in This Report

Key Topics Covered

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Metalworking Fluids Market

5.1 Market Overview

5.2 Market Performance

5.3 Market Breakup by Product Type

5.4 Market Breakup by Source

5.5 Market Breakup by End Use

5.6 Market Breakup by Fluid Type

5.7 Market Breakup by Industry

5.8 Market Breakup by Region

5.9 Market Forecast

6 Market Breakup by Product Type

6.1 Removal Fluids

6.2 Forming Fluids

6.3 Protection Fluids

6.4 Treating Fluids

7 Market Breakup by Source

7.1 Mineral

7.2 Synthetic

7.3 Bio-Based

8 Market Breakup by End Use

8.1 Transportation Equipment

8.2 Machinery

8.3 Primary Metals

8.4 Fabricated Metal Products

8.5 Metal Cans

8.6 Others

9 Market Breakup by Fluid Type

9.1 Neat Cutting Oils

9.2 Water Cutting Oils

9.3 Corrosion Preventive Oils

9.4 Others

10 Market Breakup by Industry

10.1 Construction

10.2 Electrical and Power

10.3 Agriculture

10.4 Automobile

10.5 Aerospace

10.6 Others

11 Market Breakup by Region

11.1 Asia-Pacific

11.2 North America

11.3 Europe

11.4 Middle East & Africa

11.5 Latin America

12 SWOT Analysis

12.1 Overview

12.2 Strengths

12.3 Weaknesses

12.4 Opportunities

12.5 Threats

13 Value Chain Analysis

14 Porters Five Forces Analysis

14.1 Overview

14.2 Bargaining Power of Buyers

14.3 Bargaining Power of Suppliers

14.4 Degree of Competition

14.5 Threat of New Entrants

14.6 Threat of Substitutes

15 Price Analysis

16 Competitive Landscape

16.1 Market Structure

16.2 Key Players

16.3 Profiles of Key Players

16.3.1 BP

16.3.2 Chevron

16.3.3 Houghton International

16.3.4 ExxonMobil

16.3.5 Total S.A.

16.3.6 Apar

16.3.7 Hindustan Petroleum Corporation Limited

16.3.8 Castrol Limited

16.3.9 Indian Oil Corporation Limited

16.3.10 Lubrizol

16.3.11 Gazprom

16.3.12 Pertamina

16.3.13 Columbia Petro

16.3.14 PETRONAS Lubricants International

16.3.15 Quaker Chemical Corporation

For more information about this report visit https://www.researchandmarkets.com/r/fwtq6v

View source version on businesswire.com:https://www.businesswire.com/news/home/20191119005466/en/

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SOURCE: Research and Markets

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PUB: 11/19/2019 05:41 AM/DISC: 11/19/2019 05:41 AM