DUBLIN, October 13, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Metalworking Fluids Market 2016-2020" report to their offering.
The global metalworking fluid market is forecast to grow at a CAGR of 4.06% during the period 2016-2020.
According to the report, growth of automotive industry in China will be a key driver for market growth. In 2015, the automotive sector, part of the transportation industry, was the primary user of metalworking in APAC, especially in China. Metalworking fluids are consumed in many operations such as stamping, machining, and forging.
In APAC, China contributes the highest sales in this segment. The prompt evolution of the automotive sector in the country due to rising urbanization and the growing influence of the Western economies, has elevated the overall consumption of metalworking fluids.
Further, the report states that metalworking fluids do pose some imminent toxicological hazards. For instance, functional fluids used in the industrial sector are affected by concerns regarding greenhouse gas emissions, global warming, and ozone depletion. Stringent environmental regulations are affecting the selection, use, and disposal of metalworking fluids in many end-user applications.
The manufacturers of metalworking fluid are continually reducing the level of toxic chemicals and corrosivity index, which degrades the soil and water quality. The increasing preference for sustainable and environmentally safe metalworking fluids is also posing a challenge to the market growth. Stringent testing practices to evaluate eco-friendly fluids create a challenge for manufacturers to develop fluids that follow certain legislated parameters about toxicity, biodegradability, bioaccumulation, lower emissions, and recyclability.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Chevron Lubricants
- Fuchs Petrolub
- Columbia Petro
- Idemitsu Kosan
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product type
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
PART 17: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/wcjs3n/global
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets