ALBANY, N.Y., Oct. 21, 2020 /PRNewswire/ -- Multiple growth factors are being noted in the landscape of global metalworking fluids market. Some of the prominent ones that are keeping the market's trajectory high, promising a positive outlook, include expansion in automotive and heavy machinery industries. These are helping the market players operating in the vendor landscape with new and untapped growth opportunities.
As per Transparency Market Research, "The CAGR of the market over the forecast period of 2019 to 2027 will be about 4%. Market worth, as a result of this robust growth, would reach a value of USD 15 billion by the end of this period from about USD 11 billion in 2018."
Competitive Landscape of Global Metalworking Fluids Market:
Presence of a large number of players in the global metalworking fluids market makes the vendor landscape quite fragmented. Key players operating here include Total S.A., Chevron Corporation, Indian Oil Corporation Ltd, Henkel AG & Co. KGaA, HPCL, Exxon Mobil Corporation, Houghton International Inc., Shell, BP, Croda International Plc, and China Petrochemical Corporation, among others.
Transparency Market Research has provided a deep-dive into the competitive landscape of this market. In its report, it has comprehensively profiled these players. Information on financials and recent developments are also laid out in the report.
It is also quite pertinent to note here that top-tier players are engaging with a host of growth strategies. These are primarily aimed at achieving higher growth. Some of the common focus areas in the market that promise better market positioning include development of better products, and intensive and extensive research and development activities.
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