Metal Working Fluids (MWF) Market in APAC 2015-2019

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Transcript of Metal Working Fluids (MWF) Market in APAC 2015-2019

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Metal Working Fluids (MWF) Market in APAC

2015-2019

Covered in this Report

• The MWF market in APAC can be segmented on the basis of application into the following: transportation equipment, machinery, primary metals, fabricated metal products, and metal cans and others.

• Technavio's report, MWF Market in APAC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.

• The report covers China, Japan, India, South Korea, and the rest of APAC; it also covers the market landscape and its growth prospects in the coming years.

• The report includes a discussion of the key vendors operating in this market.

Metal Working Fluids (MWF)

Market in APAC 2015-2019

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Market Overview

• MWF are lubricating oils used to cool metallic work pieces when they are subject to industrial processes, such as machining, grinding, milling, stamping, and forging.

• MWF are added during the aforementioned and other industrial processes to reduce heat and friction between the cutting or machining tools and work pieces, and to prevent burning, smoking, and damage to tools and work pieces.

• Technavio's analysts forecast the MWF market in APAC to grow at a CAGR of 3.96% over the period 2014-2019.

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(MWF) Market in APAC 2015-2019,

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Key Findings

• End-users in the primary metals manufacturing market are constantly looking to drive down cost to increase profit.

• As a result, the usage of synthetic and semi-synthetic forming fluids is expected to rise over the next few years.

• Synthetic and semi-synthetic products have a longer sump life and offer improved performance, which leads to reduced maintenance costs.

• The sump life of synthetic fluids is almost twice that of a mineral oil while semi-synthetic fluids last one and a half times longer than mineral oils.

• In addition, with the surge in the mining industry in India and China in recent years, the use of synthetic and semi-synthetic products is expected to grow during the forecast period.

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Key Questions Answered in Our Report

• What will the market size be in 2019 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?

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