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According to the latest report by IMARC Group, the global metalworking fluids market size reached US$ 9.46 Billion in 2020.<br>Metalworking fluids (MWFs) comprise a wide range of oils and other liquids utilized in the functioning of metal pieces of machinery during industrial operations.
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Global Metalworking Fluids Market Research Report and Forecast 2021-2026 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved
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Report Description and Highlights Report Description Global Metalworking Fluids Market Outlook 2026: According to the latest report by IMARC Group, titled “Metalworking Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global metalworking fluids market size reached US$ 9.46 Billion in 2020. Metalworking fluids (MWFs) comprise a wide range of oils and other liquids utilized in the functioning of metal pieces of machinery during industrial operations. They reduce friction and heat and prevent burning and smoking, which is generated between cutting tools and workpieces. They assist in extending the tool life, improving the performance and quality of the workpiece, minimizing the chances of wear and tear and delivering a superior surface finish for the welding process. Consequently, MWFs are extensively used around the world in mechanical workshops for cutting and shaping metals.
Report Description and Highlights Report Description Global Metalworking Fluids Market Trends: Significant growth in the automotive sector on account of the growing global population and inflating disposable incomes represents one of the key factors catalyzing the demand for MWFs across the globe. MWFs are utilized in metal removal, chemical protection and treatment, and enhancing the overall service life of the tool. Apart from this, a considerable shift from conventional metal alloys to stainless steel, titanium, and aluminum are driving the sales of MWFs further. This, in confluence with the growing consumer expenditure on vehicle modifications, is acting as another growth-inducing factor. Request for a free sample report: https://www.imarcgroup.com/metalworking-fluids- market/requestsample
Report Description Report Description and Highlights Additionally, original equipment manufacturers (OEM) are conducting research and development (R&D) activities to generate higher volumes of metal components and ensure energy efficiency in equipment. Market Summary: Breakup by Product Type: • Removal • Forming • Protection • Treating fluids Breakup by Source: • Mineral • Synthetic • Bio-based segments
Report Description Report Description and Highlights Breakup by End-Use: • Machinery • Primary metals • Fabricated metal products • Metal cans • Transportation equipment Breakup by Region: • North America • Europe • Asia Pacific • Latin America • Middle East and Africa Looking forward, the market value is projected to reach US$ 12.74 Billion by 2026, expanding at a CAGR of 5.10% during the forecast period (2021-2026).
Report Description and Highlights Report Description Breakup by Industry: • Construction • Electrical and power • Agriculture • Automobile • Aerospace Breakup by Fluid Type: • Neat cutting • water cutting • corrosion preventive View Report TOC, Figures and Tables : https://www.imarcgroup.com/metalworking-fluids-market
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