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Metal Removal Fluids Market: Growth Opportunity Analysis and Industry Forecast, 2020-2027

A07317
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Dec 2020 | 90 Views
 
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Metal Removal Fluids Market Analysis 2020-2027:

 

Metal removal fluid is a chemical formulation used to improve the efficiency of the machining tools during drilling, grinding, and other manufacturing operations. These fluids are of two types, water miscible and non-water miscible. Water miscible fluids are synthetic, soluble, and semi-synthetic oils used for metal fabricated products. Non-miscible water fluids consist of ester oil, mineral oil, and synthetic oil, which could be used as antioxidants and lubricants. Increase in vehicle production over last few years is, in turn, leading to increase in demand for metal removal fluids, as they are used in forging, stamping, and machining activities. In addition, metal removal fluid functions as anticorrosive agent, provides friction to machines, facilitates workability, and increases cooling effect to machines generating excessive heat. Furthermore, fluids provide benefits such as low foaming tendency and superior visibility in the metal processes.

  Market scope and structure analysis

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit 

  Value (USD)

  Segments covered

  Type, Application, Industry Vertical, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), LAMEA (Brazil, Saudi Arabia, South Africa, and Rest of LAMEA

Companies covered

Quaker Chemical Corporation, Henkel Corporation, Petro-Canada Lubricants, Inc., Houghton Metalworking Fluids, Miller Industrial Fluids, LLC, Lubrizol, Petro- Canada lubricants, 2V industries, Inc., and Henkel corporation

 

 

COVID-19 impact on global metal removal fluids market

  • The outbreak of COVID-19 has led to dearth availability of workers and disturbed supply chain, which have negatively affected the market. This is attributed to  lack of supply and lockdown imposed by the governments all over the world.

  • Moreover, global travel restrictions has resulted in lack or no supply of produced or finished metal goods, globally. This factor has impacted the metal industry, which, in turn, has restrained the growth of the metal removal fluids market.
  • Although industries are resuming their operations gradually, the supply of raw materials is being delayed, thus hampering the smooth operations of metal industry.

Key market trends: dynamics and driving factors

Increase in demand for heavy machinery used in production of various products is one of the key factors boosting the demand for metal removal fluids. Metal removal fluids such as water miscible oil and non-water miscible oil are used to improve the efficiency and cooling of heavy machinery. As demand for heavy machineries expected to increase due to industrialization, the requirement for metal removal fluids is likely to increase notably.

Furthermore, the automotive and manufacturing sectors are investing heavily in metal removal fluids for metal manufacturing equipment.  Hence, this factor is anticipated to offer remunerative opportunities for key players to expand their reach in automotive and manufacturing sectors.

The metal removal fluids market is analyzed across North America, Asia-Pacific, Europe, and LAMEA. Asia-Pacific is expected to significantly contribute toward the growth of the market, due to increase in demand for metal removal fluids in the agriculture and construction sectors. Europe and North America are anticipated to resister notable growth, due to development of industries such as automotive, transportation, and metal forming. 

Key segments covered

Segment

Subsegment

  Type

  • Water Miscible Oils
  • Non-water Miscible Oils
  • Ferrous and Non-ferrous
  • Synthetic and Non-synthetic

  Industry Vertical

  • Chemical & Petrochemical
  • Oil & Gas
  • Food Processing
  • Metal Production
  • Construction & Mining
  • Healthcare
  • Agriculture
  • Others

Key benefits of the report

  • This study presents the analytical depiction of the global metal removal fluids industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global metal removal fluids market share.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the global metal removal fluids market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the global metal removal fluids market research report:

  • Which are the leading market players active in the global metal removal fluids market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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