Product ID: UCMIR15E2619
Report ID:
UCMIR15E2619 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the market size of metalworking fluids in the Netherlands reached USD 105.42 million, with an anticipated growth at a compound annual growth rate (CAGR) of 4.3% from 2023 to 2030. The expanding use of these substances across various industries such as metalworking, metal fabrication, industrial equipment manufacturing, and transportation equipment manufacturing is expected to positively influence market growth. Notable industry players, including VALVOLINE, ExxonMobil Corporation, Perstorp, Kuwait Corporation, Matrix Specialty Lubricants, CIMCOOL EUROPE, FUCHS, Motul, and Quaker Chemical Corporation, are actively engaging in activities such as rapid research and development, augmenting their product portfolios, expanding geographically, forming partnerships, and participating in mergers and acquisitions to establish a competitive advantage. These fluids play a crucial role in reducing heat and friction between cutting tools and workpieces, preventing burning and smoking.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Product ID: UCMIR15E2619