The global metalworking fluids market is expected to reach USD 11.99 billion by 2022, according to a new report by Grand View Research, Inc. Growing demand for metalworking fluids in automotives and heavy machinery owing to its properties of increasing efficiency is expected to drive market growth. Competitive pricing owing to large number of small suppliers in the market is expected to be a key feature of the industry over the next seven years.
Synthetic fluids are expected to witness significant growth on account of their increasing use on account of their superior capabilities such as increasing tool life and providing excellent surface finish. However, customers in Asia Pacific region are still consuming mineral oil based fluids on account of their price sensitive nature. Asia Pacific has been leading the demand owing to presence of a large-scale consumer base, particularly from India and China. Price sensitivity among OEMs in Asia Pacific is a major factor influencing demand for metalworking fluids in the region. View summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/metalworking-fluids-market Further key findings from the report suggest:
Grand View Research has segmented the global Metalworking Fluids market on the basis of material, application and region: Global Metalworking Fluids Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022) Mineral Synthetic Bio-based Global Metalworking Fluids Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022) Neat Cutting Oils Water Soluble Cutting Oils Corrosion Preventive Oils Others To Get Free Sample Request At: http://www.grandviewresearch.com/industry-analysis/metalworking-fluids-market/request
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Grand View Research,IncGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Archives
June 2017
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