Metalworking Fluids Market

Demand For Removal Fluids Is Projected To Accelerate At A CAGR Of 3% Across The Assessment Period Of 2021 To 2031

Key Takeaways

– Global metalworking fluids market to top US$ 12 Bn by 2031. – Removal fluids projected to reach around US$ 4 Bn by 2031. – Forming fluids projected to record above 2% CAGR over next 10 years. – Market in Europe to hold share of more than 30%. – Market in Australia expected to reach valuation of US$ 1.5 Bn by 2031. – Market in Germany to record 1% CAGR over forecast period of 2021- 2031.

Key Players

– BP – Chevron Corporation – Houghton International – ExxonMobil Corporation – Total S.A. – Apar – Fuchs Petrolub SE – Hindustan Petroleum Corporation Limited – Castrol Limited

Analyst View

“Users of metalworking fluids in machining and fabrication have to invest in expensive and effluent treatment facilities in order to meet environmental and waste treatment regulations. As a result, metalworking fluid producers are making a seismic shift to bio-based metalworking fluids to obtain regulatory clearance,” according to a Fact.MR analyst.

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