Fast Market Research announces the availability of the new TechNavio report, "Global Removal Fluids Market 2015-2019", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 09/08/2015 -- Removal fluids are lubricating oils used to lower the temperature of metallic pieces while undergoing industrial processes, such as machining, grinding, milling, stamping, and forging. They are used to reduce heat and friction between cutting or machining tools and the metallic piece being worked upon to prevent burning, smoking, or damage to both. These fluids enhance the overall quality of the finished product by constantly removing metal chips during the process. Removal fluids are used in various industrial and commercial sectors for fabrication purposes.
The market is expected to grow at a constant rate during the forecast period because of the increasing demand for these products from APAC. The market is also expected to benefit from the growing usage of these by manufacturers in the fabricated metal products market because of reduction in their overall production costs.
Get More Details on this Report and a Full Table of Contents at Global Removal Fluids Market 2015-2019
Technavio's analysts forecast the global removal fluids market to grow at a CAGR of 2.95% in terms of revenue over the period 2014-2019.
Commenting on the report, an analyst from Technavio's team said: "Near dry machining, otherwise known as minimum-quantity lubrication, leads to the use of conventional removal fluids, causing less environmental waste with the same quantity of lubricant used. In comparison to near dry machining, conventional wet machining floods the part with removal fluids, requiring large amounts of dry fluids that act as coolants for tools used to manufacture engines and transmission, increasing the cost of operations."
According to the report, the automotive sector, part of the transportation industry, was the major user of removal fluids in the global market in 2014. Removal fluids are an integral part of the automotive sector and are a necessity in various operations such as machining, stamping, and forging.
Further, the report states that most of the removal fluid formulations are vulnerable to microbial attacks. These fluids easily become rancid because they contain a rich mixture of essential nutrients such as glycol fatty acids, soaps, and amines, which encourages microbial growth. Microbial attacks could adversely affect metal working operations and there are a limitless number of microorganisms.
The key players in the Global Removal Fluids Market are BP (Castrol), Houghton International, Idemitsu Kosan, Quaker Chemical, and Yushiro Chemical Industry while other prominent vendors include Apar, Blaser Swisslube, Chevron, Columbia Petro, Cosmo Oil, Daido Chemical Engineering, Exxon Mobil, Francool Technologies, Fuchs Petrolub, Gazprom, Guangzhou Mechanical Engineering Research Institute, HPCL, IOCL, JX Nippon, Kyodo Yushi, Lubrizol, Lukoil, Master Chemical, Milacron Holdings, NS Lubricants, Pertamina, SAMHWA Lube, Shanghai Parker Chemical, Sinopec, SK Group, Suzhou Special Chemicals, Total Lubricants.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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