Global Metalworking Fluids Market Worth 7.2 Billion USD in 2016

Date: 2017-05-02

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.

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.

Read Full Report: http://www.gosreports.com/global-metalworking-fluids-market-research-report-2017/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com
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