Metalworking Fluids Market Analysis - APAC, North America, Europe, Middle East and Africa, South America - US, China, Japan, Germany, UK - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 163 SKU: IRTNTR76282

Metalworking Fluids Market Forecast 2023-2027

The metalworking fluids market size is forecast to increase by USD 2.38 billion between 2022 and 2027, accelerating at a CAGR of 3.74%. In 2017, the US held the largest market share, projecting an annual revenue of USD 1.97 billion. The rise in industrialization within emerging economies, coupled with advancements in metalworking fluid formulations, is fueling market expansion. A notable trend is the transition towards sustainable and environmentally friendly formulations, driving market growth. However, challenges such as the environmental repercussions of metalworking fluids and price fluctuations in raw materials persist. Additionally, concerns regarding hazardous components in these fluids and the management of waste disposal pose significant obstacles to market development.

What will be the Size of the Metalworking Fluids Market During the Forecast Period?

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Market Segmentation

The research report of the Market offers industry forecasts and segmentation based on End-users including Construction, Automobile, Aerospace, Electrical and power, and Others. It also segments the market by Product, which comprises Mineral, Synthetic, and Bio-based. Geographically, the report covers APAC, North America, Europe, the Middle East and Africa, and South America. The market size, historical data (2017-2027), and future forecasts are presented in terms of value (in USD billion) for all these mentioned segments.

The construction segment is the Leading Segment to Dominate the Market

The Construction segment was the largest segment and valued at  USD 2.94 billion in 2017, which is a major. In developing countries like India, with rapid urbanization, urban areas are predicted to house 40% of India's people and generate 75% of the country's GDP by 2030. Hence, the global expansion of infrastructure projects such as bridges, buildings, and roadways boosts the demand, making construction a significant end-user, which will drive the growth of the market in focus during the forecast period.

Market  - Revenue Share by Construction segment, 2017 - 2027.   

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APAC Holds a Prominent Position in the Market

APAC is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market trends and drivers that shape the market during the forecast period. Due to the rise in the manufacturing and industrial sectors, the APAC metalworking fluids market has been steadily growing. Based on their robust automotive, aerospace, and machinery sectors, China, India, Japan, and South Korea are significant players in the market.

Moreover, the endeavor for more efficient machining operations and longer tool life has augmented the use of high-performance fluids. Technological advancements, sustainability concerns, and an increasing focus on improving machine efficiencies all have a positive impact on market growth. Such factors are expected to fuel the demand, which will drive regional market growth during the forecast period.

Market Size, By Region, Global, 2017 - 2027.   

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Market Dynamics and Customer Landscape

The market is thriving amidst the dynamic landscape of the automotive and heavy industry machinery sectors. With its pivotal role in lubricating and cooling metal surfaces during machining operations, MWFs are indispensable in various industries such as manufacturing, construction, and transportation. The market is influenced by factors like crude oil prices impacting base oil availability, demand from manufacturing facilities, and trade relations affecting product visibility. Additionally, innovations in formulations cater to diverse applications across the automotive, machinery, aviation, and marine sectors. However, challenges such as environmental concerns, fluctuating raw material prices, and waste disposal issues persist. Despite these challenges, the market continues to grow, driven by the increasing demand for efficient metalworking solutions and the relentless pursuit of sustainable and eco-friendly formulations.

Increasing industrialization in emerging economies is the key factor driving market share. The increasing industrialization, particularly in developing nations, is a significant contributor to the global demand for metalworking fluids. These fluids play a crucial role in ensuring effective machining processes as manufacturing activities expand. For instance, countries such as China and India have experienced a remarkable surge in industrialization, leading to a rise in consumption for improved productivity and reduced machinery wear and tear.

Moreover, according to the National Bureau of Statistics, China's value-added industrial output increased by 8.1% in 2021, while India's Index of Industrial Production saw an increase of 13.1% during the same year. As this industrial landscape evolves, continuous use is vital for uninterrupted production, driving the global demand for these fluids. Therefore, the growing industrialization will have a positive impact on the Market growth during the forecast period.

Metalworking Fluids Market Companies Overview

The Metalworking Fluids Market is fragmented in nature. Some significant players include Abitec, AMILE Industries Pvt. Ltd, Apar Industries Ltd., Arabian Petroleum Ltd., BASF SE, Benz oil Inc., Callington Haven Pty Ltd,

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

Carborundum Universal Ltd., Chevron Corp., Exxon Mobil Corp., FUCHS PETROLUB SE, Gandhar Oil Refinery India Ltd., GP Global, Grauer and Weil India Ltd., Illinois Tool Works Inc., Lonza Group Ltd., Master Fluid Solutions, Saudi Arabian Oil Co., Sun Chem Pvt Ltd., and Victory Polychem Pvt. Ltd.

Segment Overview

The Market analysis report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.   

  • End-user Outlook 
    • Construction
    • Automobile
    • Aerospace
    • Electrical and power
    • Others
  • Product Outlook 
    • Mineral
    • Synthetic
    • Bio-based
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile 
      • Brazil
      • Argentina
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The Market is influenced by a myriad of factors spanning various industries such as automotive, aviation, construction, and agriculture. Metalworking fluids play a crucial role in lubricating, cooling, and protecting metal surfaces during machining processes like cutting, drilling, and forming. The market is driven by the demand for high-performance fluids that enhance process productivity while addressing environmental concerns such as hazardous waste disposal and worker health issues. Innovations in fluid formulations aim to improve heat reduction, corrosion prevention, and tool efficiency. However, challenges persist, including fluctuations in crude oil prices, environmental impacts, and the complexity of manufacturing equipment components. As industries continue to evolve, the Metalworking Fluids Market remains pivotal in ensuring efficient and sustainable metalworking operations worldwide.

Moreover, the market is witnessing substantial growth fueled by diverse industries such as the agricultural sector, aircraft manufacturing, automobile industry, construction equipment, and heavy machinery manufacturing. These industries demand high-performance metalworking fluids to ensure efficient machining, forging, bending, grinding, and metal fabrication processes. Additionally, connectivity and integrated circuits play pivotal roles in modern machining tools and industrial printers. However, challenges persist, including environmental issues, hazardous waste disposal, and fluctuations in demand for products. To address these challenges, there's a shift towards sustainable formulations and innovative solutions in coolant and lubricant technologies. As exporters of automobiles and metals seek high-yield agricultural equipment and advanced machinery, the Metalworking Fluids Market continues to evolve to meet the demands of a dynamic global economy.

Additionally, the market is a vital component of various industries, including automotive, aerospace, construction, and machinery manufacturing. These fluids, such as coolants and lubricants, play a crucial role in metal cutting, forming, and protection processes, ensuring optimal machinery performance and workpiece quality. With increasing industrialization and infrastructure development worldwide, demand for metalworking fluids continues to rise. However, challenges like hazardous waste disposal and worker health concerns persist, necessitating sustainable formulations and proper handling protocols. Innovations in MWF chemistry and formulations cater to specific applications in diverse sectors, from automotive assembly lines to heavy industry machinery. As global trade relations evolve and transportation equipment advances, the Metalworking Fluids Market remains pivotal in ensuring efficient metalworking processes and maintaining product visibility in the competitive manufacturing landscape.

Metalworking Fluids Market Scope

Report Coverage

Details

Page number

163

Base year

2022

Historic period

2017 - 2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.74%

Market growth 2023-2027

USD 2.38 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

3.41

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 47%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Abitec, AMILE Industries Pvt. Ltd, Apar Industries Ltd., Arabian Petroleum Ltd., BASF SE, Benz oil Inc., Callington Haven Pty Ltd, Carborundum Universal Ltd., Chevron Corp., Exxon Mobil Corp., FUCHS PETROLUB SE, Gandhar Oil Refinery India Ltd., GP Global, Grauer and Weil India Ltd., Illinois Tool Works Inc., Lonza Group Ltd., Master Fluid Solutions, Saudi Arabian Oil Co., Sun Chem Pvt Ltd., and Victory Polychem Pvt. Ltd.

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global metalworking fluids market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global metalworking fluids market 2017 - 2021 ($ billion)
    • 4.2 End-User Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-User Segment 2017 - 2021 ($ billion)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Construction - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Construction - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Construction - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Construction - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Construction - Year-over-year growth 2022-2027 (%)
    • 6.4 Automobile - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Automobile - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Automobile - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Automobile - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Automobile - Year-over-year growth 2022-2027 (%)
    • 6.5 Aerospace - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Aerospace - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Aerospace - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Aerospace - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Aerospace - Year-over-year growth 2022-2027 (%)
    • 6.6 Electrical and power - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Electrical and power - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on Electrical and power - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on Electrical and power - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Electrical and power - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by End-user
      • Exhibit 54: Market opportunity by End-user ($ billion)
      • Exhibit 55: Data Table on Market opportunity by End-user ($ billion)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 56: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 58: Chart on Comparison by Product
      • Exhibit 59: Data Table on Comparison by Product
    • 7.3 Mineral - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Mineral - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Data Table on Mineral - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Chart on Mineral - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Mineral - Year-over-year growth 2022-2027 (%)
    • 7.4 Synthetic - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Synthetic - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Data Table on Synthetic - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Chart on Synthetic - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Synthetic - Year-over-year growth 2022-2027 (%)
    • 7.5 Bio-based - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Bio-based - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Data Table on Bio-based - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 70: Chart on Bio-based - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Bio-based - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Product
      • Exhibit 72: Market opportunity by Product ($ billion)
      • Exhibit 73: Data Table on Market opportunity by Product ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 111: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 112: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 113: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 115: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 116: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 117: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ billion)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 Abitec
              • Exhibit 127: Abitec - Overview
              • Exhibit 128: Abitec - Key offerings
            • 12.4 Apar Industries Ltd.
              • Exhibit 129: Apar Industries Ltd. - Overview
              • Exhibit 130: Apar Industries Ltd. - Business segments
              • Exhibit 131: Apar Industries Ltd. - Key offerings
              • Exhibit 132: Apar Industries Ltd. - Segment focus
            • 12.5 Arabian Petroleum Ltd.
              • Exhibit 133: Arabian Petroleum Ltd. - Overview
              • Exhibit 134: Arabian Petroleum Ltd. - Key offerings
            • 12.6 BASF SE
              • Exhibit 135: BASF SE - Overview
              • Exhibit 136: BASF SE - Business segments
              • Exhibit 137: BASF SE - Key news
              • Exhibit 138: BASF SE - Key offerings
              • Exhibit 139: BASF SE - Segment focus
            • 12.7 Benz oil Inc.
              • Exhibit 140: Benz oil Inc. - Overview
              • Exhibit 141: Benz oil Inc. - Product / Service
              • Exhibit 142: Benz oil Inc. - Key offerings
            • 12.8 Carborundum Universal Ltd.
              • Exhibit 143: Carborundum Universal Ltd. - Overview
              • Exhibit 144: Carborundum Universal Ltd. - Business segments
              • Exhibit 145: Carborundum Universal Ltd. - Key offerings
              • Exhibit 146: Carborundum Universal Ltd. - Segment focus
            • 12.9 Chevron Corp.
              • Exhibit 147: Chevron Corp. - Overview
              • Exhibit 148: Chevron Corp. - Business segments
              • Exhibit 149: Chevron Corp. - Key news
              • Exhibit 150: Chevron Corp. - Key offerings
              • Exhibit 151: Chevron Corp. - Segment focus
            • 12.10 Exxon Mobil Corp.
              • Exhibit 152: Exxon Mobil Corp. - Overview
              • Exhibit 153: Exxon Mobil Corp. - Business segments
              • Exhibit 154: Exxon Mobil Corp. - Key offerings
              • Exhibit 155: Exxon Mobil Corp. - Segment focus
            • 12.11 FUCHS PETROLUB SE
              • Exhibit 156: FUCHS PETROLUB SE - Overview
              • Exhibit 157: FUCHS PETROLUB SE - Business segments
              • Exhibit 158: FUCHS PETROLUB SE - Key news
              • Exhibit 159: FUCHS PETROLUB SE - Key offerings
              • Exhibit 160: FUCHS PETROLUB SE - Segment focus
            • 12.12 Gandhar Oil Refinery India Ltd.
              • Exhibit 161: Gandhar Oil Refinery India Ltd. - Overview
              • Exhibit 162: Gandhar Oil Refinery India Ltd. - Product / Service
              • Exhibit 163: Gandhar Oil Refinery India Ltd. - Key offerings
            • 12.13 GP Global
              • Exhibit 164: GP Global - Overview
              • Exhibit 165: GP Global - Key offerings
            • 12.14 Grauer and Weil India Ltd.
              • Exhibit 166: Grauer and Weil India Ltd. - Overview
              • Exhibit 167: Grauer and Weil India Ltd. - Business segments
              • Exhibit 168: Grauer and Weil India Ltd. - Key offerings
              • Exhibit 169: Grauer and Weil India Ltd. - Segment focus
            • 12.15 Lonza Group Ltd.
              • Exhibit 170: Lonza Group Ltd. - Overview
              • Exhibit 171: Lonza Group Ltd. - Business segments
              • Exhibit 172: Lonza Group Ltd. - Key news
              • Exhibit 173: Lonza Group Ltd. - Key offerings
              • Exhibit 174: Lonza Group Ltd. - Segment focus
            • 12.16 Saudi Arabian Oil Co.
              • Exhibit 175: Saudi Arabian Oil Co. - Overview
              • Exhibit 176: Saudi Arabian Oil Co. - Product / Service
              • Exhibit 177: Saudi Arabian Oil Co. - Key offerings
            • 12.17 Victory Polychem Pvt. Ltd.
              • Exhibit 178: Victory Polychem Pvt. Ltd. - Overview
              • Exhibit 179: Victory Polychem Pvt. Ltd. - Product / Service
              • Exhibit 180: Victory Polychem Pvt. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 181: Inclusions checklist
                • Exhibit 182: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 183: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 184: Research methodology
                • Exhibit 185: Validation techniques employed for market sizing
                • Exhibit 186: Information sources
              • 13.5 List of abbreviations
                • Exhibit 187: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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