Global Forming Fluids Market to Reach $3.3 Bn by 2023 - Industry Trends, Share, Size, Growth, Opportunity and Forecasts - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 4, 2019--The “Forming Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
The global forming fluids market was worth around US$ 2.9 Billion in 2017
Forming fluids are fluids that are used in forming processes such as folding, stamping, drawing and wire-drawing. These processes are largely used in the manufacturing of sheet metal and components, both in heavy industry and in the manufacturing of small, detailed objects. The products utilised in such processes may be either oil-based or emulsions that are derived from mineral or synthetic oils. These fluids include drawing and stamping compounds, forging compounds, rolling oils, die-casting compounds, and hydroforming fluids.
The global demand of forming fluids is currently experiencing stable growth. An important property of forming fluids is that they provide great lubrication and better corrosion protection. This way, they help in protecting the substrates from scratches and damage during manufacturing and molding. Forming fluids are composed of different additives that help in improving their efficiency.
Additionally, a defining characteristic of forming fluids is that they protect the substrates from acidic conditions and humidity, particularly in industrial environments. The selection of the forming fluids depends on numerous parameters which includes the type of application, process, available water quality, and the metal. The right selection of parameters ensures the cost-effective and smooth operation of the metal forming process.
Looking forward, the market value is projected to reach US$ 3.3 Billion by 2023, exhibiting a CAGR of around 2.2% during 2018-2023.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Forming Fluids Market
6 Market Breakup by Product
7 Market Breakup by Application
8 Market Breakup by Region
9 Forming Fluids Manufacturing Process
10 Competitive LandscapeAfton BASF Chevron Oronite Dow Lonza Lubrizol Apar Chevron Columbia Petro Gazprom Idemitsu Kosan Indian Oil Lukoil Pertamina Sinopec SK Total Lubricants USA.
For more information about this report visit https://www.researchandmarkets.com/research/xt2c5z/global_forming?w=4
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Related Topics:Lubricants and Greases
INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
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PUB: 01/04/2019 07:01 AM/DISC: 01/04/2019 07:01 AM