Metalworking Fluids Market

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Metalworking Fluids Market by Type (Straight Oils, Soluble Oils, Semi-synthetic Fluids, Synthetic Fluids), Product Type (Removal Fluid, Protecting Fluids, Forming Fluids, Treating Fluids), End-use Industry - Global Forecast to 2029

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Report Code: CH 4076 May, 2024, by marketsandmarkets.com

Metalworking Fluids Market

The metalworking fluids market was valued at USD 12.2 billion in 2024 and is projected to reach USD 14.7 billion by 2029, growing at 3.7% cagr from 2024 to 2029. One of the major reasons for making a positive outlook for the metalworking fluids market is the mounting demand for high performance machinery, growing demand from automotive production, and limitations of electric vehicles. Also, technological advancements in the metalworking fluids are pushing the market. Due to these reasons, the consumption of metalworking fluids has grown significantly.

Metalworking Fluids Market

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Metalworking Fluids Market

Metalworking Fluids Market Dynamics

Driver: Increasing demand from automotive production

The global demand for automotive industry is boosting the metalworking fluids market due to several factors. The need for metalworking fluids is rising at the same time as the automobile sector does since these fluids are essential for a few automobile production processes, such as casting, forging, stamping, and machining. Metalworking fluids are necessary due to the complexity of the automotive manufacturing process to improve efficiency and guarantee seamless operations. During machining operations, these fluids help to lubricate and cool metal surfaces, reducing friction and heat buildup that can cause tool wear and damage. Additionally, they support the removal of metal chips and waste from the industrial environment, preserving accuracy and cleanliness. The market for metalworking fluids is essentially driven by the expansion of the automobile industry, which fuels demand and encourages technological developments in the field to meet the industry's changing needs.

Restraints: Growing demand of electric vehicles

The rise of electric vehicles is impacting the metalworking fluids market in several ways. With lower maintenance requirements and extended oil change intervals, there's reduced demand for traditional metalworking fluids. This trend is expected to slow down market volume growth. Metalworking fluids face difficulties as lightweight materials like carbon fiber-reinforced composites, magnesium, and aluminum are used in the manufacturing of electric vehicles. These materials provide advantages in terms of structural performance and weight reduction, but to get the best results, specialized machining processes are needed. Overall, the increasing popularity of electric vehicles is reshaping the metalworking fluids market landscape.

Opportunities: Product innovation and differentiation

Continuous product innovation and differentiation are critical for maintaining competitiveness and promoting growth in the ever-changing metalworking fluids market. To remain competitive and satisfy the ever-evolving needs and preferences of consumers, the market demands ongoing evolution. Companies may create metalworking fluids that not only meet but also surpass industry requirements by investing in research and development, giving end users real advantages. Improved lubricity guarantees more seamless machining processes by lowering wear and friction on tools, extending their lifespan, and improving overall performance. Providing consumers with individualized advice for fluid selection, usage optimization, and waste management reduces the workload by offering full fluid management solutions. This industrial growth creates opportunities for the metalworking fluids market to thrive by catering to the ongoing need for efficient machinery operation and maintenance.

Challenges: Strict environmental norms

Strict environmental regulations present a significant hurdle for the metalworking fluids market. To comply with these regulations, manufacturers must develop products that are eco-friendly, emit fewer pollutants, and degrade naturally. Additionally, the industry faces pressure to transition towards renewable energy sources and bio-based metalworking fluids to align with sustainability goals. This shift poses challenges but also opens up opportunities for growth. Moreover, the rise of cleaner technologies like hybrid and electric systems threatens the demand for traditional metalworking fluids, potentially impacting market dynamics. Overall, navigating environmental regulations requires innovation and adaptation, presenting both challenges and opportunities for the metalworking fluids industry.

Metalworking Fluids Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of metalworking fluids. These companies have been in business for a while and have a broad range of products, cutting-edge technologies, and robust international sales and marketing networks. Prominent companies in this market include Quaker Houghton (US), Exxon Mobil Corporation (US), BP p.l.c. (UK), TotalEnergies SE (France), FUCHS (Germany), Idemitsu Kosan Co., Ltd. (Japan), Chevron Corporation (US), Chem Arrow Corporation (US), LUKOIL (Russia), China Petroleum & Chemical Corporation (SINOPEC) (China), and Valvoline Inc. (US).

Metalworking Fluids Market Ecosystem

Based on type, soluble oils are projected to register highest CAGR in metalworking fluids market, in terms of value, during forecast period.

Soluble oils are projected to be the fastest growing base oil type, in terms of value of the metalworking fluids market and is projected to continue the dominance during the forecast period. Metalworking companies can benefit financially from soluble oils. By decreasing the frequency of tool replacement, their longer tool life and increased machining efficiency lead to cost savings. The performance and adaptability of soluble oils with changing machining techniques and materials are continuously improved by manufacturers through research and development. This ongoing innovation ensures that soluble oils remain at the forefront of metalworking fluid technology, further solidifying their position as the preferred choice among manufacturers.

Based on product type, forming fluids segment was the second-largest segment of metalworking fluids market, in terms of value, in 2023.

Forming fluids segment holds the position as the second-largest product type in the metalworking fluids market. Forming fluids confront distinct requirements and challenges than fluids used in cutting and grinding operations. They have certain properties, including as high lubricity, extreme pressure properties, corrosion resistance, and compatibility with a variety of materials, and serve as heat carriers, drawing in excess heat and transferring it away to keep the workpiece and tool from being thermally damaged. In high-speed and high-pressure forming processes, this cooling effect assists in maintaining dimensional integrity, lower the possibility of thermal cracking, and extend tool life. Thus, the versatility and essential function of forming fluids contribute to its prominence in the metalworking fluids market.

Based on end-use industry, metal fabrication was the second-largest segment of metalworking fluids market, in terms of value, in 2023.

Metal fabrication was the second largest end-use industry in the metalworking fluids market in terms of value, in 2023. The importance of metalworking fluids is found in increasing the effectiveness of machining, extending the life of tools, and ensuring the standard of finished metal products. These metalworking fluids act as coolants, dissipating this heat to prevent thermal damage to the workpiece and tool. By reducing the prospect of thermal distortion and metallurgical changes in the workpiece, maintains surface polish, dimensional accuracy, and protects the mechanical qualities of the piece.

Asia Pacific was the largest and projected to be the fastest-growing region, in terms of value, during the forecast period in the metalworking fluids market.

Asia Pacific was the largest and projected to be fastest-growing region in the metalworking fluids market, in terms of value, during forecast period due to several factors. Increased industrialization and urbanization, particularly in countries like China and India, are impelling demand across end-use industries such as automotive, manufacturing, and construction. Rising incomes and expanding vehicle ownership rates are further driving the demand for metalworking fluids in the automotive industry. Moreover, ongoing investments in transportation and infrastructure are expected to fuel significant growth in metalworking fluids consumption in the region. In summary, the Asia Pacific's dynamic economic growth and industrial expansion position it as a key driver of growth in the metalworking fluids market.

Metalworking Fluids Market by Region

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Metalworking Fluids Market Players

Quaker Houghton (US), Exxon Mobil Corporation (US), BP p.l.c. (UK), TotalEnergies SE (France), FUCHS (Germany), Idemitsu Kosan Co., Ltd. (Japan), Chevron Corporation (US), Chem Arrow Corporation (US), LUKOIL (Russia), China Petroleum & Chemical Corporation (SINOPEC) (China), and Valvoline Inc. (US) are the key manufacturers that secured major market share in the last few years.

Metalworking Fluids Market Report Scope

Report Metric

Details

Years considered for the study

 2018–2029

Base year considered

2023

Forecast period

2024–2029

Units considered

Volume (Kiloton) and Value (USD Million)

Segments Covered

Type, Product Type, End-use Industry, and Region

Regions covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies profiled

The key players profiled in the report include Quaker Houghton (US), Exxon Mobil Corporation (US), BP p.l.c. (UK), TotalEnergies SE (France), FUCHS (Germany), Idemitsu Kosan Co., Ltd. (Japan), Chevron Corporation (US), Chem Arrow Corporation (US), LUKOIL (Russia), China Petroleum & Chemical Corporation (SINOPEC) (China), and Valvoline Inc. (US).

This report categorizes the global Metalworking Fluids Market based on type, product type, end-use industry, and region.

Based on type, the Metalworking Fluids Market has been segmented as follows:
  • Straight Oils
  • Soluble Oils
  • Semi-synthetic Fluids
  • Synthetic Fluids
Based on product type, the Metalworking Fluids Market has been segmented as follows:
  • Removal Fluid
  • Protecting Fluids
  • Forming Fluids
  • Treating Fluids
Based on End-use Industry, the Metalworking Fluids Market has been segmented as follows:
  • Transport Equipment Manufacturing
  • Metal Fabrication
  • Machinery
  • Other End-use Industries
  • Medical Devices
  • Electronics
Based on region, the Metalworking Fluids Market has been segmented as follows:
  • Asia Pacific
  • Europe
  • North America
  • Middle East & Arica
  • South America

Recent Developments

  • In October 2023, Chevron Corporation, through its subsidiary Chevron Brands International LLC, entered into a long-term agreement with Hindustan Petroleum Corporation Limited (HPCL).
  • In December 2022, SKF and Castrol partnered to offer access to circular use of industrial lubricants, enabling Castrol industrial customers to use SKF's integrated RecondOil Double Separation Technology (DST) systems.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 39)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
           1.2.2 DEFINITION AND INCLUSIONS, BY TYPE
           1.2.3 DEFINITION AND INCLUSIONS, BY PRODUCT TYPE
           1.2.4 DEFINITION AND INCLUSIONS, BY END-USE INDUSTRY
    1.3 MARKET SCOPE 
           1.3.1 METALWORKING FLUIDS: MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
    1.4 YEARS CONSIDERED 
    1.5 CURRENCY CONSIDERED 
    1.6 UNITS CONSIDERED 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
           1.8.1 IMPACT OF RECESSION
 
2 RESEARCH METHODOLOGY (Page No. - 45)
    2.1 RESEARCH DATA 
          FIGURE 1 METALWORKING FLUIDS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Interviews with experts–demand and supply sides
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—COLLECTIVE SHARE OF KEY PLAYERS
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—COLLECTIVE REVENUE OF ALL PRODUCTS
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE)—PRODUCTS SOLD
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 4—TOP-DOWN
    2.3 DATA TRIANGULATION 
          FIGURE 6 METALWORKING FLUIDS MARKET: DATA TRIANGULATION
    2.4 GROWTH FORECAST 
           2.4.1 SUPPLY-SIDE ANALYSIS
                    FIGURE 7 MARKET CAGR PROJECTIONS FROM SUPPLY SIDE
           2.4.2 DEMAND-SIDE ANALYSIS
                    FIGURE 8 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE: DRIVERS AND OPPORTUNITIES
    2.5 FACTOR ANALYSIS 
    2.6 IMPACT OF RECESSION 
    2.7 ASSUMPTIONS 
    2.8 LIMITATIONS 
    2.9 RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 57)
    FIGURE 9 SOLUBLE OILS TO LEAD METALWORKING FLUIDS MARKET WITH HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 10 TRANSPORT EQUIPMENT MANUFACTURING SEGMENT TO LEAD METALWORKING FLUIDS MARKET DURING FORECAST PERIOD
    FIGURE 11 REMOVAL FLUIDS TO LEAD METALWORKING FLUIDS MARKET DURING FORECAST PERIOD
    FIGURE 12 ASIA PACIFIC TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 61)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN METALWORKING FLUIDS MARKET 
          FIGURE 13 TRANSPORT EQUIPMENT MANUFACTURING TO DRIVE MARKET DURING FORECAST PERIOD
    4.2 METALWORKING FLUIDS MARKET, BY REGION 
          FIGURE 14 ASIA PACIFIC TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD
    4.3 ASIA PACIFIC: METALWORKING FLUIDS MARKET, BY COUNTRY AND TYPE 
          FIGURE 15 CHINA ACCOUNTED FOR LARGEST MARKET SHARE IN 2023
    4.4 METALWORKING FLUIDS MARKET, BY PRODUCT TYPE AND REGION 
          FIGURE 16 REMOVAL FLUIDS ACCOUNTED FOR LARGER MARKET SHARE IN MOST REGIONS
    4.5 METALWORKING FLUIDS MARKET, BY KEY COUNTRY 
          FIGURE 17 INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 64)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN METALWORKING FLUIDS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing automotive production
                                FIGURE 19 GLOBAL AUTOMOTIVE PRODUCTION, 2019–2023
                    5.2.1.2 Technological advancements
                    5.2.1.3 Demand for high-performance machinery
                                TABLE 1 MACHINE TOOL PRODUCTION, BY KEY COUNTRY, 2O23
           5.2.2 RESTRAINTS
                    5.2.2.1 Adoption of dry machining technologies
                    5.2.2.2 Health and safety issues
                    5.2.2.3 Increasing EV production
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Product innovation and differentiation
                    5.2.3.2 Data-driven fluid management systems
           5.2.4 CHALLENGES
                    5.2.4.1 Fluctuating raw material prices
                    5.2.4.2 Stringent environmental regulations
                                TABLE 2 REGULATIONS FOR METALWORKING FLUIDS
    5.3 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 20 METALWORKING FLUIDS MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 3 METALWORKING FLUIDS MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.4 MACROECONOMIC INDICATORS 
           5.4.1 GDP TRENDS AND FORECASTS OF MAJOR ECONOMIES
                    TABLE 4 GDP TRENDS AND FORECASTS, BY MAJOR ECONOMY, 2020–2028 (USD BILLION)
 
6 INDUSTRY TRENDS (Page No. - 73)
    6.1 SUPPLY CHAIN ANALYSIS 
          FIGURE 21 METALWORKING FLUIDS: SUPPLY CHAIN
           6.1.1 RAW MATERIALS
           6.1.2 MANUFACTURING
           6.1.3 DISTRIBUTION NETWORK
           6.1.4 END-USE INDUSTRIES
    6.2 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.2.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 22 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS IN TOP-THREE END-USE INDUSTRIES
                    TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS IN TOP-THREE END-USE INDUSTRIES (%)
           6.2.2 BUYING CRITERIA
                    FIGURE 23 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
                    TABLE 6 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
    6.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
          FIGURE 24 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    6.4 ECOSYSTEM ANALYSIS/MARKET MAP 
          FIGURE 25 ECOSYSTEM OF METALWORKING FLUIDS MARKET
          TABLE 7 METALWORKING FLUIDS MARKET: ROLE IN ECOSYSTEM
    6.5 CASE STUDIES 
           6.5.1 METAL FORMING: BETTER FLUID MAINTENANCE AND ODOR ELIMINATION
    6.6 TECHNOLOGY ANALYSIS 
           6.6.1 KEY TECHNOLOGIES
                    6.6.1.1 Emulsification technology
                    6.6.1.2 Nanofluid technology
           6.6.2 COMPLEMENTARY TECHNOLOGIES
                    6.6.2.1 Advanced filtration systems
    6.7 PRICING ANALYSIS 
           6.7.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY END-USE INDUSTRY
                    FIGURE 26 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY END-USE INDUSTRY
                    TABLE 8 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY END-USE INDUSTRY (USD/KG)
           6.7.2 AVERAGE SELLING PRICE TREND, BY REGION
                    FIGURE 27 AVERAGE SELLING PRICE TREND OF METALWORKING FLUIDS, BY REGION (USD/KG)
                    TABLE 9 AVERAGE SELLING PRICE TREND OF METALWORKING FLUIDS, BY REGION (USD/KG)
    6.8 TRADE ANALYSIS 
           6.8.1 IMPORT SCENARIO OF METALWORKING FLUIDS
                    FIGURE 28 IMPORT OF METALWORKING FLUIDS, BY KEY COUNTRY (2017–2022)
                    TABLE 10 IMPORT OF METALWORKING FLUIDS, BY REGION, 2017–2022 (USD MILLION)
           6.8.2 EXPORT SCENARIO OF METALWORKING FLUIDS
                    FIGURE 29 EXPORT OF METALWORKING FLUIDS, BY KEY COUNTRY (2017–2022)
                    TABLE 11 EXPORT OF METALWORKING FLUIDS, BY REGION, 2017–2022 (USD MILLION)
    6.9 REGULATORY LANDSCAPE 
          TABLE 12 NORTH AMERICA: REGULATIONS FOR METALWORKING FLUIDS
          TABLE 13 EUROPE: REGULATIONS FOR METALWORKING FLUIDS
          TABLE 14 ASIA PACIFIC: REGULATIONS FOR METALWORKING FLUIDS
           6.9.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    6.10 KEY CONFERENCES AND EVENTS IN 2024–2025 
           TABLE 15 METALWORKING FLUIDS MARKET: KEY CONFERENCES AND EVENTS
    6.11 INVESTMENT AND FUNDING SCENARIO 
    6.12 PATENT ANALYSIS 
           6.12.1 APPROACH
           6.12.2 DOCUMENT TYPE
                     TABLE 16 PATENT STATUS: PATENT APPLICATIONS, LIMITED PATENTS, AND GRANTED PATENTS
                     FIGURE 30 PATENTS REGISTERED FOR METALWORKING FLUIDS, 2013–2023
                     FIGURE 31 LIST OF MAJOR PATENTS FOR METALWORKING FLUIDS
           6.12.3 TOP APPLICANTS
                     TABLE 17 LIST OF MAJOR PATENTS OF METALWORKING FLUIDS
                     TABLE 18 PATENTS BY CHINA PETROLEUM AND CHEMICAL CORPORATION
                     FIGURE 32 LEGAL STATUS OF PATENTS FILED FOR METALWORKING FLUIDS
           6.12.4 JURISDICTION ANALYSIS
                     FIGURE 33 MAXIMUM PATENTS FILED IN JURISDICTION OF CHINA
 
7 METALWORKING FLUIDS MARKET, BY TYPE (Page No. - 93)
    7.1 INTRODUCTION 
          FIGURE 34 SOLUBLE OILS TO BE LARGEST SEGMENT OF METALWORKING FLUIDS MARKET DURING FORECAST PERIOD
          TABLE 19 METALWORKING FLUIDS MARKET, BY TYPE, 2018–2023 (USD MILLION)
          TABLE 20 METALWORKING FLUIDS MARKET, BY TYPE, 2024–2029 (USD MILLION)
          TABLE 21 METALWORKING FLUIDS MARKET, BY TYPE, 2018–2023 (KILOTON)
          TABLE 22 METALWORKING FLUIDS MARKET, BY TYPE, 2024–2029 (KILOTON)
    7.2 STRAIGHT OILS 
           7.2.1 EFFECTIVENESS IN MACHINING AND FORMING APPLICATIONS TO DRIVE MARKET
                    TABLE 23 STRAIGHT OILS: METALWORKING FLUIDS MARKET, BY REGION, 2018–2023 (USD MILLION)
                    TABLE 24 STRAIGHT OILS: METALWORKING FLUIDS MARKET, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 25 STRAIGHT OILS: METALWORKING FLUIDS MARKET, BY REGION, 2018–2023 (KILOTON)
                    TABLE 26 STRAIGHT OILS: METALWORKING FLUIDS MARKET, BY REGION, 2024–2029 (KILOTON)
    7.3 SOLUBLE OILS 
           7.3.1 GROWTH OF METAL FABRICATION PROCESS TO DRIVE MARKET
                    TABLE 27 SOLUBLE OILS: METALWORKING FLUIDS MARKET, BY REGION, 2018–2023 (USD MILLION)
                    TABLE 28 SOLUBLE OILS: METALWORKING FLUIDS MARKET, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 29 SOLUBLE OILS: METALWORKING FLUIDS MARKET, BY REGION, 2018–2023 (KILOTON)
                    TABLE 30 SOLUBLE OILS: METALWORKING FLUIDS MARKET, BY REGION, 2024–2029 (KILOTON)
    7.4 SEMI-SYNTHETIC FLUIDS 
           7.4.1 ENHANCED PERFORMANCE AND AFFORDABILITY OF SEMI-SYNTHETIC FLUIDS TO DRIVE MARKET
                    TABLE 31 SEMI-SYNTHETIC FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2018–2023 (USD MILLION)
                    TABLE 32 SEMI-SYNTHETIC FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 33 SEMI-SYNTHETIC FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2018–2023 (KILOTON)
                    TABLE 34 SEMI-SYNTHETIC FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2024–2029 (KILOTON)
    7.5 SYNTHETIC FLUIDS 
           7.5.1 SUPERIOR COOLING CAPABILITIES OF SYNTHETIC FLUIDS TO FUEL DEMAND
                    TABLE 35 SYNTHETIC FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2018–2023 (USD MILLION)
                    TABLE 36 SYNTHETIC FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 37 SYNTHETIC FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2018–2023 (KILOTON)
                    TABLE 38 SYNTHETIC FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2024–2029 (KILOTON)
 
8 METALWORKING FLUIDS MARKET, BY PRODUCT TYPE (Page No. - 103)
    8.1 INTRODUCTION 
          FIGURE 35 REMOVAL FLUIDS SEGMENT TO ACCOUNT FOR LARGEST SHARE IN METALWORKING FLUIDS MARKET DURING FORECAST PERIOD
          TABLE 39 METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2018–2023 (USD MILLION)
          TABLE 40 METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
          TABLE 41 METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2018–2023 (KILOTON)
          TABLE 42 METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2024–2029 (KILOTON)
    8.2 REMOVAL FLUIDS 
           8.2.1 INCREASINGLY STRINGENT ENVIRONMENTAL REGULATIONS TO DRIVE MARKET
                    TABLE 43 REMOVAL FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2018–2023 (USD MILLION)
                    TABLE 44 REMOVAL FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 45 REMOVAL FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2018–2023 (KILOTON)
                    TABLE 46 REMOVAL FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2024–2029 (KILOTON)
    8.3 PROTECTING FLUIDS 
           8.3.1 ANTI-CORROSION PROPERTY OF PROTECTING FLUIDS TO DRIVE MARKET
                    TABLE 47 PROTECTING FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2018–2023 (USD MILLION)
                    TABLE 48 PROTECTING FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 49 PROTECTING FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2018–2023 (KILOTON)
                    TABLE 50 PROTECTING FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2024–2029 (KILOTON)
    8.4 FORMING FLUIDS 
           8.4.1 ENHANCED PROCESS EFFICIENCY OF FORMING FLUIDS TO DRIVE MARKET
                    TABLE 51 FORMING FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2018–2023 (USD MILLION)
                    TABLE 52 FORMING FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 53 FORMING FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2018–2023 (KILOTON)
                    TABLE 54 FORMING FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2024–2029 (KILOTON)
    8.5 TREATING FLUIDS 
           8.5.1 MECHANICAL PROPERTY ENHANCEMENT OF TREATING FLUIDS TO FUEL DEMAND
                    TABLE 55 TREATING FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2018–2023 (USD MILLION)
                    TABLE 56 TREATING FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 57 TREATING FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2018–2023 (KILOTON)
                    TABLE 58 TREATING FLUIDS: METALWORKING FLUIDS MARKET, BY REGION, 2024–2029 (KILOTON)
 
9 METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY (Page No. - 113)
    9.1 INTRODUCTION 
          FIGURE 36 TRANSPORT EQUIPMENT MANUFACTURING SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET DURING FORECAST PERIOD
          TABLE 59 METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
          TABLE 60 METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
          TABLE 61 METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
          TABLE 62 METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
    9.2 TRANSPORT EQUIPMENT MANUFACTURING 
           9.2.1 GROWING AUTOMOTIVE PRODUCTION TO DRIVE MARKET
                    TABLE 63 METALWORKING FLUIDS MARKET IN TRANSPORT EQUIPMENT MANUFACTURING, BY REGION, 2018–2023 (USD MILLION)
                    TABLE 64 METALWORKING FLUIDS MARKET IN TRANSPORT EQUIPMENT MANUFACTURING, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 65 METALWORKING FLUIDS MARKET IN TRANSPORT EQUIPMENT MANUFACTURING, BY REGION, 2018–2023 (KILOTON)
                    TABLE 66 METALWORKING FLUIDS MARKET IN TRANSPORT EQUIPMENT MANUFACTURING, BY REGION, 2024–2029 (KILOTON)
    9.3 METAL FABRICATION 
           9.3.1 GROWING MANUFACTURING SECTOR IN EMERGING ECONOMIES TO DRIVE MARKET
                    TABLE 67 METALWORKING FLUIDS MARKET IN METAL FABRICATION, BY REGION, 2018–2023 (USD MILLION)
                    TABLE 68 METALWORKING FLUIDS MARKET IN METAL FABRICATION, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 69 METALWORKING FLUIDS MARKET IN METAL FABRICATION, BY REGION, 2018–2023 (KILOTON)
                    TABLE 70 METALWORKING FLUIDS MARKET IN METAL FABRICATION, BY REGION, 2024–2029 (KILOTON)
    9.4 MACHINERY 
           9.4.1 DEMAND FOR HIGH-PERFORMANCE MACHINERY TO DRIVE MARKET
                    TABLE 71 METALWORKING FLUIDS MARKET IN MACHINERY, BY REGION, 2018–2023 (USD MILLION)
                    TABLE 72 METALWORKING FLUIDS MARKET IN MACHINERY, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 73 METALWORKING FLUIDS MARKET IN MACHINERY, BY REGION, 2018–2023 (KILOTON)
                    TABLE 74 METALWORKING FLUIDS MARKET IN MACHINERY, BY REGION, 2024–2029 (KILOTON)
    9.5 OTHER END-USE INDUSTRIES 
          TABLE 75 METALWORKING FLUIDS MARKET IN OTHER END-USE INDUSTRIES, BY REGION, 2018–2023 (USD MILLION)
          TABLE 76 METALWORKING FLUIDS MARKET IN OTHER END-USE INDUSTRIES, BY REGION, 2024–2029 (USD MILLION)
          TABLE 77 METALWORKING FLUIDS MARKET IN OTHER END-USE INDUSTRIES, BY REGION, 2018–2023 (KILOTON)
          TABLE 78 METALWORKING FLUIDS MARKET IN OTHER END-USE INDUSTRIES, BY REGION, 2024–2029 (KILOTON)
 
10 METALWORKING FLUIDS MARKET, BY REGION (Page No. - 123)
     10.1 INTRODUCTION 
             FIGURE 37 ASIA PACIFIC TO BE FASTEST-GROWING METALWORKING FLUIDS MARKET DURING FORECAST PERIOD
             TABLE 79 METALWORKING FLUIDS MARKET, BY REGION, 2018–2023 (USD MILLION)
             TABLE 80 METALWORKING FLUIDS MARKET, BY REGION, 2024–2029 (USD MILLION)
             TABLE 81 METALWORKING FLUIDS MARKET, BY REGION, 2018–2023 (KILOTON)
             TABLE 82 METALWORKING FLUIDS MARKET, BY REGION, 2024–2029 (KILOTON)
     10.2 ASIA PACIFIC 
             FIGURE 38 ASIA PACIFIC: METALWORKING FLUIDS MARKET SNAPSHOT
             10.2.1 RECESSION IMPACT
             10.2.2 ASIA PACIFIC: METALWORKING FLUIDS MARKET, BY TYPE
                        TABLE 83 ASIA PACIFIC: METALWORKING FLUIDS MARKET, BY TYPE, 2018–2023 (USD MILLION)
                        TABLE 84 ASIA PACIFIC: METALWORKING FLUIDS MARKET, BY TYPE, 2024–2029 (USD MILLION)
                        TABLE 85 ASIA PACIFIC: METALWORKING FLUIDS MARKET, BY TYPE, 2018–2023 (KILOTON)
                        TABLE 86 ASIA PACIFIC: METALWORKING FLUIDS MARKET, BY TYPE, 2024–2029 (KILOTON)
             10.2.3 ASIA PACIFIC: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE
                        TABLE 87 ASIA PACIFIC: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2018–2023 (USD MILLION)
                        TABLE 88 ASIA PACIFIC: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
                        TABLE 89 ASIA PACIFIC: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2018–2023 (KILOTON)
                        TABLE 90 ASIA PACIFIC: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2024–2029 (KILOTON)
             10.2.4 ASIA PACIFIC: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY
                        TABLE 91 ASIA PACIFIC: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                        TABLE 92 ASIA PACIFIC: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                        TABLE 93 ASIA PACIFIC: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                        TABLE 94 ASIA PACIFIC: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
             10.2.5 ASIA PACIFIC: METALWORKING FLUIDS MARKET, BY COUNTRY
                        TABLE 95 ASIA PACIFIC: METALWORKING FLUIDS MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
                        TABLE 96 ASIA PACIFIC: METALWORKING FLUIDS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                        TABLE 97 ASIA PACIFIC: METALWORKING FLUIDS MARKET, BY COUNTRY, 2018–2023 (KILOTON)
                        TABLE 98 ASIA PACIFIC: METALWORKING FLUIDS MARKET, BY COUNTRY, 2024–2029 (KILOTON)
                        10.2.5.1 China
                                     10.2.5.1.1 Growing manufacturing industry to drive market growth
                                                     TABLE 99 CHINA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                                                     TABLE 100 CHINA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                                                     TABLE 101 CHINA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                                                     TABLE 102 CHINA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
                        10.2.5.2 Japan
                                     10.2.5.2.1 High automobile production to drive demand
                                                     TABLE 103 JAPAN: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                                                     TABLE 104 JAPAN: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                                                     TABLE 105 JAPAN: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                                                     TABLE 106 JAPAN: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
                        10.2.5.3 India
                                     10.2.5.3.1 Expanding infrastructure and construction sectors to drive market
                                                     TABLE 107 INDIA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                                                     TABLE 108 INDIA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                                                     TABLE 109 INDIA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                                                     TABLE 110 INDIA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
                        10.2.5.4 South Korea
                                     10.2.5.4.1 Rapid industrialization to drive market
                                                     TABLE 111 SOUTH KOREA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                                                     TABLE 112 SOUTH KOREA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                                                     TABLE 113 SOUTH KOREA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                                                     TABLE 114 SOUTH KOREA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
     10.3 EUROPE 
             FIGURE 39 EUROPE: METALWORKING FLUIDS MARKET SNAPSHOT
             10.3.1 RECESSION IMPACT
             10.3.2 EUROPE: METALWORKING FLUIDS MARKET, BY TYPE
                        TABLE 115 EUROPE: METALWORKING FLUIDS MARKET, BY TYPE, 2018–2023 (USD MILLION)
                        TABLE 116 EUROPE: METALWORKING FLUIDS MARKET, BY TYPE, 2024–2029 (USD MILLION)
                        TABLE 117 EUROPE: METALWORKING FLUIDS MARKET, BY TYPE, 2018–2023 (KILOTON)
                        TABLE 118 EUROPE: METALWORKING FLUIDS MARKET, BY TYPE, 2024–2029 (KILOTON)
             10.3.3 EUROPE: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE
                        TABLE 119 EUROPE: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2018–2023 (USD MILLION)
                        TABLE 120 EUROPE: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
                        TABLE 121 EUROPE: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2018–2023 (KILOTON)
                        TABLE 122 EUROPE: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2024–2029 (KILOTON)
             10.3.4 EUROPE: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY
                        TABLE 123 EUROPE: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                        TABLE 124 EUROPE: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                        TABLE 125 EUROPE: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                        TABLE 126 EUROPE: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
             10.3.5 EUROPE: METALWORKING FLUIDS MARKET, BY COUNTRY
                        TABLE 127 EUROPE: METALWORKING FLUIDS MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
                        TABLE 128 EUROPE: METALWORKING FLUIDS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                        TABLE 129 EUROPE: METALWORKING FLUIDS MARKET, BY COUNTRY, 2018–2023 (KILOTON)
                        TABLE 130 EUROPE: METALWORKING FLUIDS MARKET, BY COUNTRY, 2024–2029 (KILOTON)
                        10.3.5.1 Germany
                                     10.3.5.1.1 Increase in automotive production offers opportunity for market growth
                                                     TABLE 131 GERMANY: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                                                     TABLE 132 GERMANY: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                                                     TABLE 133 GERMANY: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                                                     TABLE 134 GERMANY: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
                        10.3.5.2 UK
                                     10.3.5.2.1 Increasing investment in infrastructure to significantly influence market
                                                     TABLE 135 UK: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                                                     TABLE 136 UK: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                                                     TABLE 137 UK: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                                                     TABLE 138 UK: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
                        10.3.5.3 France
                                     10.3.5.3.1 Metal fabrication industry to dominate market
                                                     TABLE 139 FRANCE: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                                                     TABLE 140 FRANCE: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                                                     TABLE 141 FRANCE: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                                                     TABLE 142 FRANCE: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
                        10.3.5.4 Spain
                                     10.3.5.4.1 Growth in automotive manufacturing industry to drive market
                                                     TABLE 143 SPAIN: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                                                     TABLE 144 SPAIN: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                                                     TABLE 145 SPAIN: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                                                     TABLE 146 SPAIN: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
                        10.3.5.5 Italy
                                     10.3.5.5.1 Growth in manufacturing industry to drive market
                                                     TABLE 147 ITALY: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                                                     TABLE 148 ITALY: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                                                     TABLE 149 ITALY: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                                                     TABLE 150 ITALY: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
                        10.3.5.6 Russia
                                     10.3.5.6.1 Growing automobile industry to drive market
                                                     TABLE 151 RUSSIA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                                                     TABLE 152 RUSSIA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                                                     TABLE 153 RUSSIA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                                                     TABLE 154 RUSSIA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
     10.4 NORTH AMERICA 
             FIGURE 40 NORTH AMERICA: METALWORKING FLUIDS MARKET SNAPSHOT
             10.4.1 RECESSION IMPACT
             10.4.2 NORTH AMERICA: METALWORKING FLUIDS MARKET, BY TYPE
                        TABLE 155 NORTH AMERICA: METALWORKING FLUIDS MARKET, BY TYPE, 2018–2023 (USD MILLION)
                        TABLE 156 NORTH AMERICA: METALWORKING FLUIDS MARKET, BY TYPE, 2024–2029 (USD MILLION)
                        TABLE 157 NORTH AMERICA: METALWORKING FLUIDS MARKET, BY TYPE, 2018–2023 (KILOTON)
                        TABLE 158 NORTH AMERICA: METALWORKING FLUIDS MARKET, BY TYPE, 2024–2029 (KILOTON)
             10.4.3 NORTH AMERICA: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE
                        TABLE 159 NORTH AMERICA: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2018–2023 (USD MILLION)
                        TABLE 160 NORTH AMERICA: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
                        TABLE 161 NORTH AMERICA: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2018–2023 (KILOTON)
                        TABLE 162 NORTH AMERICA: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2024–2029 (KILOTON)
             10.4.4 NORTH AMERICA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY
                        TABLE 163 NORTH AMERICA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                        TABLE 164 NORTH AMERICA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                        TABLE 165 NORTH AMERICA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                        TABLE 166 NORTH AMERICA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
             10.4.5 NORTH AMERICA: METALWORKING FLUIDS MARKET, BY COUNTRY
                        TABLE 167 NORTH AMERICA: METALWORKING FLUIDS MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
                        TABLE 168 NORTH AMERICA: METALWORKING FLUIDS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                        TABLE 169 NORTH AMERICA: METALWORKING FLUIDS MARKET, BY COUNTRY, 2018–2023 (KILOTON)
                        TABLE 170 NORTH AMERICA: METALWORKING FLUIDS MARKET, BY COUNTRY, 2024–2029 (KILOTON)
                        10.4.5.1 US
                                     10.4.5.1.1 Technological innovations to provide lucrative opportunities for market growth
                                                     TABLE 171 US: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                                                     TABLE 172 US: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                                                     TABLE 173 US: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                                                     TABLE 174 US: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
                        10.4.5.2 Canada
                                     10.4.5.2.1 Growing manufacturing sector to propel market growth
                                                     TABLE 175 CANADA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                                                     TABLE 176 CANADA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                                                     TABLE 177 CANADA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                                                     TABLE 178 CANADA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
                        10.4.5.3 Mexico
                                     10.4.5.3.1 Increasing demand from automotive sector to drive market
                                                     TABLE 179 MEXICO: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                                                     TABLE 180 MEXICO: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                                                     TABLE 181 MEXICO: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                                                     TABLE 182 MEXICO: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
     10.5 SOUTH AMERICA 
             10.5.1 RECESSION IMPACT
             10.5.2 SOUTH AMERICA: METALWORKING FLUIDS MARKET, BY TYPE
                        TABLE 183 SOUTH AMERICA: METALWORKING FLUIDS MARKET, BY TYPE, 2018–2023 (USD MILLION)
                        TABLE 184 SOUTH AMERICA: METALWORKING FLUIDS MARKET, BY TYPE, 2024–2029 (USD MILLION)
                        TABLE 185 SOUTH AMERICA: METALWORKING FLUIDS MARKET, BY TYPE, 2018–2023 (KILOTON)
                        TABLE 186 SOUTH AMERICA: METALWORKING FLUIDS MARKET, BY TYPE, 2024–2029 (KILOTON)
             10.5.3 SOUTH AMERICA: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE
                        TABLE 187 SOUTH AMERICA: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2018–2023 (USD MILLION)
                        TABLE 188 SOUTH AMERICA: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
                        TABLE 189 SOUTH AMERICA: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2018–2023 (KILOTON)
                        TABLE 190 SOUTH AMERICA: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2024–2029 (KILOTON)
             10.5.4 SOUTH AMERICA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY
                        TABLE 191 SOUTH AMERICA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                        TABLE 192 SOUTH AMERICA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                        TABLE 193 SOUTH AMERICA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                        TABLE 194 SOUTH AMERICA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
             10.5.5 SOUTH AMERICA: METALWORKING FLUIDS MARKET, BY COUNTRY
                        TABLE 195 SOUTH AMERICA: METALWORKING FLUIDS MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
                        TABLE 196 SOUTH AMERICA: METALWORKING FLUIDS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                        TABLE 197 SOUTH AMERICA: METALWORKING FLUIDS MARKET, BY COUNTRY, 2018–2023 (KILOTON)
                        TABLE 198 SOUTH AMERICA: METALWORKING FLUIDS MARKET, BY COUNTRY, 2024–2029 (KILOTON)
                        10.5.5.1 Brazil
                                     10.5.5.1.1 Significant investments in automotive industry to aid metalworking fluids market growth
                                                     TABLE 199 BRAZIL: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                                                     TABLE 200 BRAZIL: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                                                     TABLE 201 BRAZIL: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                                                     TABLE 202 BRAZIL: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
                        10.5.5.2 Argentina
                                     10.5.5.2.1 Developing automotive industry to drive market demand
                                                     TABLE 203 ARGENTINA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                                                     TABLE 204 ARGENTINA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                                                     TABLE 205 ARGENTINA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                                                     TABLE 206 ARGENTINA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
     10.6 MIDDLE EAST & AFRICA 
             10.6.1 RECESSION IMPACT
             10.6.2 MIDDLE EAST & AFRICA: METALWORKING FLUIDS MARKET, BY TYPE
                        TABLE 207 MIDDLE EAST & AFRICA: METALWORKING FLUIDS MARKET, BY TYPE, 2018–2023 (USD MILLION)
                        TABLE 208 MIDDLE EAST & AFRICA: METALWORKING FLUIDS MARKET, BY TYPE, 2024–2029 (USD MILLION)
                        TABLE 209 MIDDLE EAST & AFRICA: METALWORKING FLUIDS MARKET, BY TYPE, 2018–2023 (KILOTON)
                        TABLE 210 MIDDLE EAST & AFRICA: METALWORKING FLUIDS MARKET, BY TYPE, 2024–2029 (KILOTON)
             10.6.3 MIDDLE EAST & AFRICA: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE
                        TABLE 211 MIDDLE EAST & AFRICA: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2018–2023 (USD MILLION)
                        TABLE 212 MIDDLE EAST & AFRICA: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
                        TABLE 213 MIDDLE EAST & AFRICA: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2018–2023 (KILOTON)
                        TABLE 214 MIDDLE EAST & AFRICA: METALWORKING FLUIDS MARKET, BY PRODUCT TYPE, 2024–2029 (KILOTON)
             10.6.4 MIDDLE EAST & AFRICA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY
                        TABLE 215 MIDDLE EAST & AFRICA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                        TABLE 216 MIDDLE EAST & AFRICA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                        TABLE 217 MIDDLE EAST & AFRICA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                        TABLE 218 MIDDLE EAST & AFRICA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
             10.6.5 MIDDLE EAST & AFRICA: METALWORKING FLUIDS MARKET, BY COUNTRY
                        TABLE 219 MIDDLE EAST & AFRICA: METALWORKING FLUIDS MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
                        TABLE 220 MIDDLE EAST & AFRICA: METALWORKING FLUIDS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                        TABLE 221 MIDDLE EAST & AFRICA: METALWORKING FLUIDS MARKET, BY COUNTRY, 2018–2023 (KILOTON)
                        TABLE 222 MIDDLE EAST & AFRICA: METALWORKING FLUIDS MARKET, BY COUNTRY, 2024–2029 (KILOTON)
                        10.6.5.1 GCC
                                     10.6.5.1.1 Saudi Arabia
                                                    10.6.5.1.1.1 Strategic initiatives aimed at diversifying economy to significantly impact market growth
                                                                      TABLE 223 SAUDI ARABIA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                                                                      TABLE 224 SAUDI ARABIA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                                                                      TABLE 225 SAUDI ARABIA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                                                                      TABLE 226 SAUDI ARABIA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
                        10.6.5.2 Egypt
                                     10.6.5.2.1 Availability and cost of raw materials to impact market
                                                     TABLE 227 EGYPT: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                                                     TABLE 228 EGYPT: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                                                     TABLE 229 EGYPT: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                                                     TABLE 230 EGYPT: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
                        10.6.5.3 South Africa
                                     10.6.5.3.1 Advancements in machining technologies to drive demand
                                                     TABLE 231 SOUTH AFRICA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (USD MILLION)
                                                     TABLE 232 SOUTH AFRICA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
                                                     TABLE 233 SOUTH AFRICA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2018–2023 (KILOTON)
                                                     TABLE 234 SOUTH AFRICA: METALWORKING FLUIDS MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)
 
11 COMPETITIVE LANDSCAPE (Page No. - 187)
     11.1 INTRODUCTION 
     11.2 KEY PLAYERS’ STRATEGIES 
             11.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY METALWORKING FLUIDS MANUFACTURERS
     11.3 MARKET SHARE ANALYSIS 
             TABLE 235 METALWORKING FLUIDS MARKET: DEGREE OF COMPETITION
             FIGURE 41 QUAKER HOUGHTON LED METALWORKING FLUIDS MARKET IN 2023
             11.3.1 RANKING OF KEY MARKET PLAYERS, 2023
                        FIGURE 42 RANKING OF TOP FIVE PLAYERS IN METALWORKING FLUIDS MARKET, 2023
     11.4 REVENUE ANALYSIS OF KEY MARKET PLAYERS, 2018–2023 
             FIGURE 43 REVENUE ANALYSIS OF KEY COMPANIES IN LAST 6 YEARS
     11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
             11.5.1 STARS
             11.5.2 EMERGING LEADERS
             11.5.3 PERVASIVE PLAYERS
             11.5.4 PARTICIPANTS
                        FIGURE 44 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
             11.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
                        11.5.5.1 Company footprint
                                      FIGURE 45 METALWORKING FLUIDS MARKET: COMPANY FOOTPRINT (25 COMPANIES)
                        11.5.5.2 Region footprint
                                      TABLE 236 METALWORKING FLUIDS MARKET: REGION FOOTPRINT (25 COMPANIES)
                        11.5.5.3 Type footprint
                                      TABLE 237 METALWORKING FLUIDS MARKET: TYPE FOOTPRINT (25 COMPANIES)
                        11.5.5.4 Product type footprint
                                      TABLE 238 METALWORKING FLUIDS MARKET: PRODUCT TYPE FOOTPRINT (25 COMPANIES)
                        11.5.5.5 End-use industry footprint
                                      TABLE 239 METALWORKING FLUIDS MARKET: END-USE INDUSTRY FOOTPRINT (25 COMPANIES)
     11.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 
             11.6.1 PROGRESSIVE COMPANIES
             11.6.2 RESPONSIVE COMPANIES
             11.6.3 DYNAMIC COMPANIES
             11.6.4 STARTING BLOCKS
                        FIGURE 46 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
             11.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
                        TABLE 240 METALWORKING FLUIDS MARKET: KEY STARTUP/SMES
                        TABLE 241 METALWORKING FLUID MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES (5 COMPANIES)
     11.7 BRAND/PRODUCT COMPARISON 
             FIGURE 47 BRAND/PRODUCT COMPARISON
     11.8 COMPANY VALUATION AND FINANCIAL METRICS 
             FIGURE 48 EV/EBITDA OF KEY MANUFACTURERS OF METALWORKING FLUIDS
             FIGURE 49 ENTERPRISE VALUATION (EV) OF KEY PLAYERS IN METALWORKING FLUIDS MARKET
     11.9 COMPETITIVE SITUATION & TRENDS 
             11.9.1 PRODUCT LAUNCHES
                        TABLE 242 METALWORKING FLUIDS MARKET: PRODUCT LAUNCHES, JANUARY 2018–MARCH 2024
             11.9.2 DEALS
                        TABLE 243 METALWORKING FLUIDS MARKET: DEALS, JANUARY 2018–MARCH 2024
             11.9.3 EXPANSIONS
                        TABLE 244 METALWORKING FLUIDS MARKET: EXPANSIONS, JANUARY 2018–MARCH 2024
 
12 COMPANY PROFILE (Page No. - 208)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
     12.1 KEY PLAYERS 
             12.1.1 QUAKER HOUGHTON
                        TABLE 245 QUAKER HOUGHTON: COMPANY OVERVIEW
                        FIGURE 50 QUAKER HOUGHTON: COMPANY SNAPSHOT
                        TABLE 246 QUAKER HOUGHTON: PRODUCTS/SOLUTIONS/SERVICES/OFFERINGS
                        TABLE 247 QUAKER HOUGHTON: DEALS
             12.1.2 TOTALENERGIES SE
                        TABLE 248 TOTALENERGIES SE: COMPANY OVERVIEW
                        FIGURE 51 TOTALENERGIES SE: COMPANY SNAPSHOT
                        TABLE 249 TOTALENERGIES SE: PRODUCTS/SOLUTIONS/SERVICES/OFFERINGS
                        TABLE 250 TOTALENERGIES SE: DEALS
             12.1.3 CHEVRON CORPORATION
                        TABLE 251 CHEVRON CORPORATION: COMPANY OVERVIEW
                        FIGURE 52 CHEVRON CORPORATION: COMPANY SNAPSHOT
                        TABLE 252 CHEVRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES/OFFERINGS
                        TABLE 253 CHEVRON CORPORATION: DEALS
                        TABLE 254 CHEVRON CORPORATION: EXPANSIONS
             12.1.4 EXXON MOBIL CORPORATION
                        TABLE 255 EXXON MOBIL CORPORATION: COMPANY OVERVIEW
                        FIGURE 53 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT
                        TABLE 256 EXXON MOBIL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES/OFFERINGS
                        TABLE 257 EXXON MOBIL CORPORATION: DEALS
                        TABLE 258 EXXON MOBIL CORPORATION: EXPANSIONS
             12.1.5 LUKOIL
                        TABLE 259 LUKOIL: COMPANY OVERVIEW
                        FIGURE 54 LUKOIL: COMPANY SNAPSHOT
                        TABLE 260 LUKOIL: PRODUCTS/SOLUTIONS/SERVICES/OFFERINGS
                        TABLE 261 LUKOIL : DEALS
                        TABLE 262 LUKOIL: EXPANSIONS
             12.1.6 FUCHS
                        TABLE 263 FUCHS: COMPANY OVERVIEW
                        FIGURE 55 FUCHS: COMPANY SNAPSHOT
                        TABLE 264 FUCHS: PRODUCTS/SOLUTIONS/SERVICES/OFFERINGS
                        TABLE 265 FUCHS: PRODUCT LAUNCHES
                        TABLE 266 FUCHS : DEALS
                        TABLE 267 FUCHS: EXPANSIONS
             12.1.7 IDEMITSU KOSAN CO. LTD
                        TABLE 268 IDEMITSU KOSAN CO. LTD: COMPANY OVERVIEW
                        FIGURE 56 IDEMITSU KOSAN CO., LTD.: COMPANY SNAPSHOT
                        TABLE 269 IDEMITSU KOSAN CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES/OFFERINGS
                        TABLE 270 IDEMITSU KOSAN CO., LTD.: EXPANSIONS
             12.1.8 BP P.L.C.
                        TABLE 271 BP P.L.C.: COMPANY OVERVIEW
                        FIGURE 57 BP P.L.C.: COMPANY SNAPSHOT
                        TABLE 272 BP P.L.C.: PRODUCTS/SOLUTIONS/SERVICES/OFFERINGS
                        TABLE 273 BP P.L.C.: PRODUCT LAUNCHES
                        TABLE 274 BP P.L.C.: DEALS
                        TABLE 275 BP P.L.C.: EXPANSIONS
             12.1.9 CHINA PETROLEUM & CHEMICAL CORPORATION (SINOPEC)
                        TABLE 276 CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY OVERVIEW
                        FIGURE 58 CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY SNAPSHOT
                        TABLE 277 CHINA PETROLEUM & CHEMICAL CORPORATION: PRODUCTS/SOLUTIONS/ SERVICES OFFERINGS
                        TABLE 278 CHINA PETROLEUM & CHEMICAL CORPORATION: OTHER DEVELOPMENTS
             12.1.10 VALVOLINE INC.
                        TABLE 279 VALVOLINE INC.: COMPANY OVERVIEW
                        FIGURE 59 VALVOLINE INC.: COMPANY SNAPSHOT
                        TABLE 280 VALVOLINE INC.: PRODUCTS/SOLUTIONS/SERVICES/OFFERINGS
                        TABLE 281 VALVOLINE INC.: DEALS
                        TABLE 282 VALVOLINE INC.: EXPANSIONS
             12.1.11 CHEM ARROW CORPORATION
                        TABLE 283 CHEM ARROW CORPORATION: COMPANY OVERVIEW
                        TABLE 284 CHEM ARROW CORPORATION: PRODUCTS/SOLUTIONS/SERVICES/OFFERINGS
     12.2 STARTUP/SMES 
             12.2.1 APAR INDUSTRIES LIMITED
                        TABLE 285 APAR INDUSTRIES LIMITED: COMPANY OVERVIEW
             12.2.2 ENEOS HOLDINGS, INC.
                        TABLE 286 ENEOS HOLDINGS, INC.: COMPANY OVERVIEW
             12.2.3 PHILLIPS 66 COMPANY
                        TABLE 287 PHILLIPS 66 COMPANY: COMPANY OVERVIEW
             12.2.4 PETROFER UK PLC
                        TABLE 288 PETROFER UK PLC: COMPANY OVERVIEW
             12.2.5 GULF OIL INTERNATIONAL LTD.
                        TABLE 289 GULF OIL INTERNATIONAL LTD.: COMPANY OVERVIEW
             12.2.6 ENI S.P.A.
                        TABLE 290 ENI S.P.A.: COMPANY OVERVIEW
             12.2.7 MOTUL S.A.
                        TABLE 291 MOTUL S.A.: COMPANY OVERVIEW
             12.2.8 KLÜBER LUBRICATION
                        TABLE 292 KLÜBER LUBRICATION: COMPANY OVERVIEW
             12.2.9 HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL)
                        TABLE 293 HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL): COMPANY OVERVIEW
             12.2.10 VERTEX LUBRICANTS
                        TABLE 294 VERTEX LUBRICANTS: COMPANY OVERVIEW
             12.2.11 METALFLOW S.A.
                        TABLE 295 METALFLOW S.A.: COMPANY OVERVIEW
             12.2.12 BENZ OIL INC.
                        TABLE 296 BENZ OIL INC.: COMPANY OVERVIEW
             12.2.13 DENNISON LUBRICANTS, INC.
                        TABLE 297 DENNISON LUBRICANTS, INC.: COMPANY OVERVIEW
             12.2.14 COSMO OIL LUBRICANTS CO., LTD.
                        TABLE 298 COSMO OIL LUBRICANTS CO., LTD.: COMPANY OVERVIEW
 
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
 
13 ADJACENT & RELATED MARKETS (Page No. - 255)
     13.1 INTRODUCTION 
     13.2 LIMITATIONS 
     13.3 FIRE RESISTANT LUBRICANTS MARKET 
             13.3.1 MARKET DEFINITION
             13.3.2 MARKET OVERVIEW
     13.4 FIRE RESISTANT LUBRICANTS MARKET, BY REGION 
             TABLE 299 FIRE RESISTANT LUBRICANTS MARKET, BY REGION, 2017–2020 (USD MILLION)
             TABLE 300 FIRE RESISTANT LUBRICANTS MARKET, BY REGION, 2021–2027 (USD MILLION)
             13.4.1 NORTH AMERICA
                        TABLE 301 NORTH AMERICA: FIRE RESISTANT LUBRICANTS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 302 NORTH AMERICA: FIRE RESISTANT LUBRICANTS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
             13.4.2 EUROPE
                        TABLE 303 EUROPE: FIRE RESISTANT LUBRICANTS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 304 EUROPE: FIRE RESISTANT LUBRICANTS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
             13.4.3 ASIA PACIFIC
                        TABLE 305 ASIA PACIFIC: FIRE RESISTANT LUBRICANTS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 306 ASIA PACIFIC: FIRE RESISTANT LUBRICANTS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
             13.4.4 MIDDLE EAST & AFRICA
                        TABLE 307 MIDDLE EAST & AFRICA: FIRE RESISTANT LUBRICANTS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 308 MIDDLE EAST & AFRICA: FIRE RESISTANT LUBRICANTS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
             13.4.5 SOUTH AMERICA
                        TABLE 309 SOUTH AMERICA: FIRE RESISTANT LUBRICANTS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 310 SOUTH AMERICA: FIRE RESISTANT LUBRICANTS MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
 
14 APPENDIX (Page No. - 260)
     14.1 DISCUSSION GUIDE 
     14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.3 CUSTOMIZATION OPTIONS 
     14.4 RELATED REPORTS 
     14.5 AUTHOR DETAILS 

The study involved four major activities in estimating the market size for metalworking fluids market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Primary Research

The metalworking fluids market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized from key opinion leaders in various applications for the metalworking fluids market. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Breakdown of Primary Participants

Metalworking Fluids Market Size, and Share

Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022/ 2023, available in the public domain, product portfolios, and geographical presence.

Other designations include consultants and sales, marketing, and procurement managers.

To know about the assumptions considered for the study, download the pdf brochure

COMPANY NAME

DESIGNATION

Exxon Mobil Corporation   

Senior Manager

BP p.l.c.

Innovation Manager

TotalEnergies SE 

Vice-President

FUCHS

Production Supervisor

Idemitsu Kosan Co., Ltd.

Sales Manager

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the metalworking fluids market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry have been identified through extensive secondary research.
  • The supply chain of the industry has been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

Metalworking Fluids Market: Bottom-Up Approach

Metalworking Fluids Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Metalworking fluids Market: Top-Down Approach

Metalworking Fluids Market Size, and Share

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the metalworking fluids industry.

Market Definition

The metalworking fluids market encompasses a range of fluids that are used in various metalworking processes. Metalworking fluids are vital in metal fabrication and manufacturing for machining, cutting, grinding, and other processes. These fluids improve the effectiveness and accuracy of metalworking processes by performing a variety of functions such as cooling, chip removal, corrosion prevention, and lubrication.

Key Stakeholders

  • Metalworking fluids manufacturers
  • Metalworking fluids suppliers
  • Raw material suppliers
  • Service providers
  • Application sector companies
  • Government bodies

Report Objectives

  • To define, describe, and forecast the metalworking fluids market in terms of value and volume
  • To provide detailed information regarding the drivers, opportunities, restraints, and challenges influencing market growth
  • To estimate and forecast the market size by type, product type, end-use industry, and region
  • To forecast the size of the market for five main regions: Asia Pacific, Europe, North America, South America, and the Middle East & Africa, along with their key countries
  • To strategically analyze micromarkets1 with respect to their growth trends, prospects, and contribution to the overall market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To analyze competitive developments, such as deals and expansions, in the market
  • To analyze the impact of the recession on the market
  • To analyze the impact of COVID-19 on the market and end-use industries
  • To strategically profile key players and comprehensively analyze their growth strategies

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country or additional end-use industry

Company Information

  • Detailed analysis and profiles of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
CH 4076
Published ON
May, 2024
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