Global Metalworking Fluids Market is anticipate to exhibit 4% CAGR
from 2019 to 2027
In terms of value, the global Metalworking Fluids market was stood
around US$ 11.0 Bn in 2018 and is anticipated to expand at a CAGR of more
than 4% from 2019 to 2027
Removal fluids accounted for largest share for metalworking fluids in 2018.
Removal fluids aids the cutting process, apart from that they can also lubricate by
preventing friction, prevents excessive metal particles to be welded on the tool.
These are some of the major reasons for removal fluids high market share at
From regional perspective, Asia Pacific held major share in 2018 and is expected
to grow at significant rate compared to other region between 2019 and 2027.
Growth in automotive and metal fabrication industries in the region is likely to
boost the metalworking fluids market during the forecast period
The Metal Working Fluids in North America and Europe is expected to exhibit
moderate growth rate during the forecast period
Metalworking fluids are increasingly used in automotive and heavy machinery
industries. These fluids help increase vehicles engine by fighting sludge, abrasion
and resistance. Moreover, the quality of metalworking fluids to improve efficiency
of machining processes is a major factor expected to expand the global
metalworking fluids market with a steady demand over the forecast period.
Environmental Concerns and Health Issues Related to Workers May Hamper
Overall Demand of Metal Working Fluids
Metal working fluids are intended to cool and lubricate the part during the
machining process. However, increasing toxic waste disposal has created serious
environmental issues. This is anticipated to hamper the demand for metal
Health risk to workers arising from chemicals and microorganisms in metal
working fluids is estimated to restrain the metal working fluids market in the near
Stringent environmental regulations have prompted manufacturers