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Metalworking fluid additives (PFPE) are a low-molecular-weight fluorinated synthetic fluid.
PUNE, MAHARASHTA, INDIA, September 13, 2022 /EINPresswire.com/ -- Global Metalworking Fluid Additives Market Definition
Metalworking fluid additives (PFPE) are a low-molecular-weight fluorinated synthetic fluid. Metalworking fluid additives are non-toxic and non-flammable in their natural state. It is utilized in severe temperatures ranging from 80°C to 200°C. PFPE's molecular structure might be linear, branched, or a combination of both, depending on the application. Temperature resistance, lubricity, wear resistance, and fluid volatility are all provided by PFPE.
Global Metalworking Fluid Additives Market was valued at USD 1,503.60 million in 2021 and is expected to reach USD 2,661.75 million by 2029, registering a CAGR of 7.40% during the forecast period of 2022-2029. The "soluble oils" accounts for the largest class segment in the metalworking fluid additives market owing to the increasing demand for soluble oils in all forms of metal cutting and metal grinding. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Global Metalworking Fluid Additives Market Analysis and Size
Over the last few years, the metalworking fluids market expansion has been fueled by industrial development in Asia-Pacific and Africa, and this trend is likely to continue even within the forecasted period. Additionally, with the liberalization of foreign commerce and investment, as well as a shift in industrial regulations (enabling private firms) the market is expected to largely over the mentioned forecasted period.
To make this Metalworking Fluid Additives report of supreme quality, consistent efforts of enthusiastic, innovative, dynamic, and skilled researchers and analysts have been utilized. This market research report is a great resource providing current as well as upcoming technical and financial details of the industry for the forecast period. With this market report, it becomes easier to establish and optimize each stage in the lifecycle of an industrial process that includes engagement, acquisition, retention, and monetization. The requirements of this industry have been understood to the fullest to endow them with the finest market research report.
Market status at the global and regional level about this industry is offered through the global Metalworking Fluid Additives report which helps gain business insights into the extensive marketplace. Qualitative and transparent research studies are performed devotedly to offer an excellent market research report for a certain niche. Not to mention, several charts and graphs have been used effectively to represent the facts and figures in a proper way. This professional market report focuses on primary and secondary drivers, market share, market size, leading segments, and geographical analysis. Metalworking Fluid Additives business report brings about the list of top competitors and presents insights on strategic industry analysis of the key factors influencing the market.
Competitive Landscape and Metalworking Fluid Additives Market Share Analysis
The metalworking fluid additives market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the metalworking fluid additives market.
Some of the major players operating in the metalworking fluid additives market are ExxonMobil Corporation (U.S.) Quaker Chemical Corporation d/b/a Quaker Houghton (U.S.) Fuchs (Germany) BP Plc. (U.K.) Total Energies (France) Chevron Corporation (U.S.) The Lubrizol Corporation (U.S.) Idemitsu Kosan Co. Ltd. (Japan) Eurolub GmbH (Germany) Wuxi South Petroleum Additives Co. Ltd., (China) Dorf Ketal (India) Cerion LLC (U.S.) Shamrock Shipping and Trading Ltd. (Cyprus) Jinzhou Runda Chemical Co., Ltd. (China) MidContinental Chemical Company (U.S.)
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This metalworking fluid additives market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the metalworking fluid additives market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
COVID-19 Impact on Metalworking Fluid Additives Market
The recent outbreak of coronavirus had a negative impact on the metalworking fluid additives market. The advent of COVID-19, which the World Health Organization has labeled a pandemic, is having a significant influence on worldwide economic growth. The severe disruptions in various manufacturing as well as the supply-chain operations due to the various precautionary lockdowns imposed by governments to curb the spread of disease to huge financial setbacks for the market. Global trade volumes are expected to decrease between 13 and 32 percent in 2020, according to the World Trade Organization (WTO). The pandemic has influenced the industrial sector, resulting in a market decline. As a result, growth will be limited in 2020 and for a few months in 2021. Over the forecast period, the aforementioned determinants will weigh on the market's revenue trajectory.
In October 2020, Italmatch Chemicals of Italy agreed to buy the metalworking fluid (MWF) division of Afton Chemical Corp. This acquisition will boost Italmatch Chemicals Group's position in the industrial lubricants and metalworking fluids markets, allowing it to integrate a broad product range for high metal processing performance.
Global Metalworking Fluid Additives Market Scope
The metalworking fluid additives market is segmented on the basis of class, processes, additives, application, and end-use industry. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Class Straight Oils Soluble Oils Semisynthetic Fluids Synthetic Fluids
On the basis of class, the metalworking fluid additives market has been segmented into straight oils, soluble oils, semisynthetic fluids, and synthetic fluids. Soluble oils register the largest share of the market owing to the increasing demand for soluble oils in all forms of metal cutting and metal grinding.
Processes Metal Forming Metal Removal
The metalworking fluid additives market has also been segmented on the basis of processes into metal forming and metal removal.
Additives Sulphurized / Chlorinated Compounds Corrosion Inhibitors Extreme Pressure Additives Antimist Agents Emulsifiers Alkanolamines Biocides Stabilizers Dispersants Antifoamers Colorants/ Dyes Fragrances
On the basis of additives, the metalworking fluid additives market is segmented into sulphurized / chlorinated compounds, corrosion inhibitors, extreme pressure additives, anti-mist agents, emulsifiers, alkanol amines, biocides, stabilizers, dispersants, antifoams, colorants/ dyes, and fragrances.
Application Dry Machining Minimum Quantity Lubrication (MQL) Spray Misting Flood Coolant High-Pressure Coolant
On the basis of application, the metalworking fluid additives market is segmented into dry machining, minimum quantity lubrication (MQL), spray misting, flood coolant, and high-pressure coolant.
End Use Industry Automotive Power and Energy Aerospace Manufacturing Marine Others
On the basis of the end-use industry, the metalworking fluid additives market is segmented into automotive, power and energy, aerospace, manufacturing, marine, and others.
Metalworking Fluid Additives Market Regional Analysis/Insights
The metalworking fluid additives market is analyzed and market size insights and trends are provided by country, class, processes, additives, application, and end-use industry as referenced above.
The countries covered in the metalworking fluid additives market report are the U.S., Canada, and Mexico in North America, Germany, France, the U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the metalworking fluid additives market because of the stringent policies imposed within the region.
Asia-Pacific on the other hand is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the increasing automotive industry along with the increasing rising demand for efficient metalworking fluids from automotive manufacturers and OEMs within the region.
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Research Methodology: Global Metalworking Fluid Additives Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include the Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional, and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Major Points Covered in Table of Contents:
An Overview of the Metalworking Fluid Additives Market Industry
Manufacturers’ Market Share Production Market Share by Regions
Trends in Production, Revenue, and Price by Type
Analysis of the Metalworking Fluid Additives Market by Applications
Global Metalworking Fluid Additives Market Industry Company Profiles and Key Figures Metalworking Fluid Additives Market Manufacturing Cost Analysis
Customers, Distributors, and Marketing Channel
Research Findings and Conclusions on the Global Metalworking Fluid Additives Market
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