Metalworking Fluids Market Growth Trends and Forecast Research with Key Success
Market Projections and Growth Drivers
The global metalworking fluids market is anticipated to reach a valuation of USD 11.60 billion by 2027. This significant growth is largely driven by heightened investments in research and development aimed at creating more cost-effective and efficient products. According to a report by Fortune Business Insights, titled “Metalworking Fluids Market Size, Share & Industry Analysis,” the market, which was valued at USD 10.25 billion in 2019, is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2020 to 2027. The report provides a detailed analysis by function (including neat cutting oils, water cutting oils, and corrosion preventive oils), type (mineral, synthetic, and bio-based), and application sectors such as construction, electr...