skip to Main Content
Rapid urbanisation coupled with swelling automotive sales across the globe, especially in the emerging economies, are the key factors driving the metalworking fluids market.

Rapid urbanisation coupled with swelling automotive sales across the globe, especially in the emerging economies, are the key factors driving the metalworking fluids market.

Metalworking Fluids Market to Cross US$15B by 2025

The metalworking fluids market is expected to cross US$15 billion by 2025, according to research by Global Market Insights. Rapid urbanisation coupled with swelling automotive sales across the globe, especially in the emerging economies, are the key factors driving the metalworking fluids market during the 2018–2025 forecast period.

The specialty fluids can be used in various ways in processing metal workpieces. The most common three ways include spray, continuous jet and hand dispensers. Sprays can be manually operated and are generally used in cases where the workpiece rotation speed is varied frequently by the operator. These are extensively used in applications such as turning, grinding, drilling, reaming, tapping and broaching. The end-use industries using these applications are aerospace, automotive, marine, defence and manufacturing companies.

Metalworking fluids are used to protect, lubricate and cool the machine during stamping, drawing, roll forming, cold heading, extruding and welding tube rolls in the production process. The robust growth in the metal and steel fabrication is expected to boost demand for the forming and removal metalworking fluids, thereby propelling the market by 2025.

Meanwhile, the increasing usage of alloys of non-ferrous metals, such as aluminium and titanium in the aerospace industry, would hamper the demand for specialty fluids as these alloys do not require specialty fluids in the machining process. Furthermore, workers can also be exposed by breathing in the vapour, by getting the fluids on their skin, or by ingesting them.

However, rising usage of bio-based metalworking fluids has lowered environmental issues and health risks for workers. This will likely influence the metalworking fluids market size over the forecast timeframe. The product segment is divided into synthetic fluid, soluble oil, neat oil, and semi-synthetic fluid. Neat oils are composed of animal, mineral, synthetic, marine, or vegetable oils. These are not diluted with water, but other additives may be present. These oils are applicable in gear cutting, threading of alloys, and broaching operations.

Based on the product applications, the metalworking fluids market is classified into forming fluids, treating, protecting fluids, and removal. Removal fluids are used in grinding and machining operations to prolong the tool-life, transport debris and safeguard the work piece surfaces from frictional wear. They account for one percent to three percent of the total manufacturing cost, and provide substantial savings through an extended tool life, protection of the work piece surfaces, and reduced machine downtime. The segment will register over US$7 billion by 2025 owing to the growth in the OEM industries in the coming years.

The established automobile market in Europe, especially in Germany offers a promising growth of more than four percent CAGR by 2025. As metal is broadly used in vehicles to provide stability and structural strength. Thus, metalworking fluids will be essentially required in the automobile business as a coolants and metal protection purposes in the future years. Also, due to flourishing automobile industry, metal and steel fabrication industry is booming in Europe. In this industry, steel and metal undergo bending, cutting, and assembling processes, which essentially require specialty fluids for effective and efficient operations.

 

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

FOLLOW US ON: LinkedIn, Facebook, Twitter

 

 

Record Number Of Enterprises Becoming “Intelligent” With Growing IoT Investments
Dyson Terminates Electric Car Project In Singapore
Back To Top