Global Removal Fluids Market 2016-2020

Overview of the global removal fluids market

Removal fluids are primarily used for metalworking processes, where cutting is the major machining technique. These fluids are introduced to the system to cool metalworking tools and machined parts. They help in the removal of metal chips from the workpiece and also protect the metal from corrosion. The increasing volume of vehicle production has boosted the demand for removal fluids, especially in the stamping, machining, and forging areas. Removal fluids that enable high-energy efficiency, productivity, and sustainability are gaining prominence across end-user industries, such as transportation, automotive, and machinery. One of the latest developments in this market is the growing application of synthetic metal removal fluids as they offer advantages including excellent visibility and low foaming tendency during metalworking operations. Moreover, the rising consumption of synthetic and semisynthetic removal fluids will positively aid in the growth of this market during the forecast period. Market research analysts at Technavio have predicted that the global removal fluids market will grow at a CAGR of around 4% by 2020.

APAC is the largest revenue contributing segment in the market and is anticipated to occupy more than 45% of the total market share by 2020. China is the leading consumer of removal fluids due to the growing transportation equipment segment in the country. Since end-user industries in the region have become aware of the benefits of using removal fluids and their cost-effectiveness, its demand for a wide range of applications is increasing. Additionally, factors like the growing acceptance of electrical-discharge machining and minimum quantity lubrication machining will also augment the growth prospects for the market in this region during the forecast period.

Competitive landscape and key vendors

The removal fluid market is extremely fragmented due to the domination of smaller players. However, the growing preference for market alliance is pushing several leading vendors to expand their geographic presence. These developments have intensified the competitive environment in the market, thus, forcing smaller manufacturers to leave the industry. Moreover, the key vendors have the advantage of having strong base stock supplies and are making huge investments in product development and innovations to gain a competitive edge over the local players.

Leading vendors in the market are -

• BASF
• BP
• Chevron Lubricants
• ExxonMobil 
• Lonza
• Fuchs Petrolub

Other prominent vendors in the removal fluids market include Apar, Columbia Petro, Gazprom, Idemitsu Kosan, Lukoil, Pertamina, and Sinopec.

Segmentation by product type and analysis of the removal fluids market

• Water miscible oils
• Non-water miscible oils

The water miscible oils segment will continue to dominate the removal fluids market during the predicted period and is anticipated to occupy around 73% of the overall market share. Water miscible oils include water soluble oils, synthetic fluids, and semi-synthetic fluids, which find extensive usage in the metal fabricated products and machinery segments. These oils offer a wide range of performance capabilities to meet industrial requirements, specifically in machining operations. They are also used for multiple industrial applications such as drilling, milling, tapping, and reaming. The growing consumer preference from straight oils to semisynthetic and synthetic oils will augment the growth of this segment over the next four years.

Segmentation by application and analysis of the removal fluids market

• Transportation equipment
• Machinery
• Primary metals
• Fabricated metal products
• Metal cans and others

By revenue, the transportation equipment segment is the largest segment in the market and is likely to occupy more than 36% of the total removal fluids market share by 2020. The primary reason for this segment’s growth is the high consumption of removal fluids in automobiles for better performance and extended life of the equipment. The production of transportation equipment such as conveyors, cranes, lifts, and industrial trucks requires a broad range of removal fluids for machining, stamping, and forging operations.

 Key questions answered in the report include

• What will the removal fluids market size and growth rate be in 2020?
• What are the key factors driving the global removal fluids market?
• What are the key market trends impacting the growth of the global removal fluids market?
• What are the challenges to market growth?
• Who are the key vendors in the global removal fluids market?
• What are the market opportunities and threats faced by the vendors in the global removal fluids market?
• Trending factors influencing the market shares of APAC, EMEA, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global removal fluids market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Metalworking Fluids Market 2016-2020
• Global Functional Fluids Market 2016-2020
• Global Heat Transfer Fluids Market 2016-2020

Removal fluid is a kind of lubricant and coolant that is manufactured especially for metalworking activities like machining and stamping. There are various types of removal fluids present in the market, including oils, pastes, aerosols (mists), oil-water emulsions, gels, and other gases. They are produced from animal fats, petroleum distillates, plant oils, water, air, or other raw ingredients. Growing concerns over health and safety have prompted several manufacturers to come up with innovative compositions in removal fluids. The majority of the metal working and machining procedures benefit from the use of removal fluid, depending on workpiece material. Constant advancements in the automotive industry are necessitating the use of health-conscious products, such as removal fluids, in vehicles.

The report, global removal fluids market, is part of Technavio’s chemicals and materials research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as additives, adhesives and sealants, agrochemicals and fertilizers, bio-chemicals and bio-materials, chemical engineering equipment, glass and ceramics, industrial gases, metals and minerals, olefins, paints, coatings, and pigments, personal protective equipment, plastics, polymers, and elastomers, and specialty chemicals. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.