Automotive manufacturing drive metalworking fluids demand

The massive growth in automotive and metal fabrication industry is one of the factors which is expected to drive the demand for metalworking fluids.

Removal fluids to dominate the market
The removal fluids segment dominated the metalworking fluids market in 2014. The removal fluids segment leads the market for metalworking fluids owing to the rapid growth in the automotive industry and increase in the production of automobiles and high quality metal products for construction and other utilities. The protecting fluids segment is projected to register the highest growth rate between 2015 and 2020.

Asia-Pacific expected to dominate the metalworking fluids market during the forecast period
Asia-Pacific is estimated to be the largest market for metalworking fluids, globally. This is due to the presence of manufacturing industries such as India, China, and South Korea. Asia-Pacific, accounted for the largest market share of the metalworking fluids market, in terms of value, in 2014. Asia-Pacific was followed by North America and Europe.