Metalworking fluids demand keep stable in 2017

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Metalworking fluids demand keep stable in 2017 Author: Wang Pao Company: QYResearch Chemical & Material Research Center Date: 2017/5/02

In the last several years, global market of metalworking fluids developed steadily, with an average growth rate of 3%. In 2016, global revenue of metalworking fluids is nearly 7220 M USD; the actual sales volume is about 2600 K MT.

Metalworking fluids includes removal fluids, treating fluids, forming fluids and protecting fluids. The proportion of removal fluids in 2016 is about 49.68%, and the proportion of metal treating fluids in 2016 is about 31.53%.

Metalworking fluids are application in automotive, general and other industry. The most proportion of Metal Working Fluids is used in general industry stood at 50.51% in 2016, compare to 36% in automotive industry.

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4. Europe region is the largest supplier of metal working fluids, with a production market share nearly 26.66% in 2015. North America region is the second largest supplier of metal working fluids, enjoying production market share about 24.13% in 2016. North America is the largest consumption place, with a consumption market share nearly 27.55% in 2016. Europe is the second largest consumption place with the consumption market share of 24.47%.

Market competition is relative intense. With the development of society and the changing of consumer demand, the metal working fluids industry will be more and more popular in the future.

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Media Contact: press@qyresearch.com Analyst : wangpao@qyresearch.com

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