Metal working fluid (MWF) additives are chemical formulations which are used for multiple functions in machine processing. The main purpose why these fluids are used is because high level performance is expected in machine processing along with high precision. These fluids are used for variety of purposes which include reduction of heat and friction between the cutting tool and work piece, which in turn protects the machine from burning and smoking.
The main factors owing to the growth of this industry include green field projects and increase in the demand of important sectors like energy, manufacturing, process, and metals. Another important reason for the rise in MWF additives industry share in volume is the protection of the metals from rust and corrosion. Nowadays increase in the vehicle component life by maintaining lubrication, and reducing physical and thermal deformation is the vital reason behind the metalworking fluid additives market size.
The group of researchers are working upon the development of new additives, which will be upcoming market trend. The role of the new additives will be to reduce the physical and thermal deformation. While there are many different components and additives in the industry, the classification of fluids is based on the ratio of oil present in the fluid. The segmentation includes the following classes; straight oils or neat oils, which are not mixed with water. Second class is water soluble oils, followed by synthetic and semi synthetic fluids.
The metalworking fluids market has been segmented into by type, properties, application and geography exclusively. Based on the types of additives commercially available, the market is categorized in to various categories such as Emulsifiers, Lubricity additives, Corrosion inhibitor, Extreme Pressure Additives, Biocides and others. Each type varies greatly and the composition is different with different technical specifications. The MFW industry report shows major chemicals being used are sulphurized or chlorinated compounds, fatty acids, esters polyamides and many more.
Metalworking fluids are being used in different applications. For instance, aerospace and automotive forms the major segment. Our research report states the major user segments include firearms and defense equipment, oilfield equipment, electronic tools and others. The metalworking fluid additives market has also been segmented based on the properties these additives possess. The major ones include, cutting and grinding fluids, followed by metal forming fluids and protective fluids.
The overall market is also presented from the perspective of different geographic regions and the key countries in each region. The market has been segmented in to four regions North America, Europe, Asia-Pacific and Rest of the World. According to our market analysis Asia-Pacific largely influenced by a large number of suppliers and distributors and expected to continue the same for the forecast period 2018-2023. Competitive market share landscape for industry and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. Market shares of the key players for 2014 are provided.
Sample Companies Profiled in this Report are:
- Dow Chemical,
- Evonik Industries
- QualiChem Metalworking Fluids