Stratview Research has recently published a report on the Metalworking Fluids Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.

The Market is Segmented by Product Type (Neat Oil, Soluble Oil, Semi-Synthetic Fluids, and Synthetic Fluids), by Application Type (Removal Fluids, Forming Fluids, Protecting Fluids, and Treating Fluids), by Industry Type (Automotive, Aerospace, Construction, Electrical & Power, Agriculture, Marine, Healthcare, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Metalworking Fluids Market Analysis:

Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Metalworking Fluids Market  was valued at USD 10.65 billion in 2021 and is likely to grow at a CAGR of 3.83% during the assessment period to reach USD 13.88 billion in 2028.

Some of the companies drive the market growth:

• FUCHS
• Castrol
• Quacker
• Chem Arrow Corporation
• ExxonMobil
• The Lubrizol Corporation
• Total S.A.

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Segments' Analysis

By Application Type

The market is segmented as removal fluids, forming fluids, protecting fluids, and treating fluids. Removal fluids are estimated to register the highest growth during the assessment period. The growth of the segment can be attributed to these fluids owing to a wide range of performance capabilities for grinding and machining processes in the industrial sector.

Regional Insights

Asia-Pacific dominated the market in 2021 and accounted for more than 40% share of the overall industry volume. The region is estimated to maintain its indomitable lead during the forecast period as well. Increasing automotive customer bases in China and India along with robust industrialization in the Asia-Pacific region is expected to significantly boost product demand in the coming years.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

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