Metal Cutting Fluids Market Growing at 0.5% CAGR Will Hit 4840 Million US$ in 2025
Los Angeles, CA -- (SBWire) -- 04/19/2019 --Metal cutting fluids are an industrial liquid which has higher functions of cooling, lubricating, antirusting and cleaning performance. It is used to cool and lubricate the cutting and the workplace. The use of cutting fluid generally causes economy of tools and it becomes easier to keep tight tolerances and to maintain work piece surface properties without damages.
Metal cutting fluids has higher functions of cooling, lubricating, antirusting and cleaning performance, which is widely used in automobile manufacturing, precision machinery, electrical equipment and metal products. As to the metal cutting fluids downstream application, automobile manufacturing is its largest downstream market, which shares 33.23% of the consumption in 2016. Cutting fluids play important role in making some compound such as engine and clutch in automobile industry. BMW and Audi are one of the leading users of global metal cutting in automobile manufacturing.
Metal cutting fluids is divided into emulsion metal cutting fluids, semi-synthetic metal cutting fluids, synthesis metal cutting fluids and neat oil metal cutting fluids by type. Neat oil metal cutting fluids can be used for application from light machining to heavy-duty operations. And production of neat oil metal cutting fluids share 29.4% in 2016.
At present, the manufactures of metal cutting fluids are concentrated in Europe, North America, Japan, China. China is the largest production area in the world, which occupied about 27.75% in 2016. The follow area is North America. The global production of metal cutting fluids increases from 992.1 K MT in 2012 to 1178.8 K MT in 2017. In the world wide, the top five manufacturers of metal cutting fluids are Houghton (Gulf Oil), BP, Fuchs, Exxon Mobil, Yushiro Chemical. And the production of Houghton (Gulf Oil) occupied about 8.52% in 2016.
The global Metal Cutting Fluids market was 4650 million US$ in 2018 and is expected to 4840 million US$ by the end of 2025, growing at a CAGR of 0.5% between 2019 and 2025.
This report studies the Metal Cutting Fluids market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Metal Cutting Fluids in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Houghton (Gulf Oil)
BP
Fuchs
Yushiro Chemical
Quaker
Blaser
Idemitsu Kosan
Daido Chemical Industry
COSMO Oil
Master
Exxon Mobil Corporation
Petrofer
JX NIPPON
KYODO YUSHI
Indian Oil
Total
Milacron
The Lubrizol Corporation
Valvoline
Chevron
Mecom Industries
LUKOIL
NIKKO SANGYO
APAR
HPCL
SINOPEC
Talent
GMERI
Nanjing Kerun Lubricants
Runkang
By the product type, the market is primarily split into
Emulsion Metal Cutting Fluids
Semi-Synthetic Metal Cutting Fluids
Synthesis Metal Cutting Fluids
Neat Oil Metal Cutting Fluids
By the end users/application, this report covers the following segments
Automobile Manufacturing
Precision Machinery
Electrical Equipment
Metal Products
Automobile Manufacturing
Precision Machinery
Electrical Equipment
Metal Products
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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