Market Overview:
The global forming fluids market reached a value of US$ 3.1 Billion in 2019. 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$ 3.5 Billion by 2025 exhibiting a CAGR of 2.1% during 2020-2025.
Market Summary:
- Based on the product type, the market has been segmented into rolling oils, hydroforming fluids and others.
- Based on the application, the market has been segmented into primary metals, transportation equipment, fabricated metal products, machinery, metal cans and others. Primary metals currently represent the biggest segment.
- Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest market, accounting for the majority of the global market.
- The competitive landscape of the market has also been examined with some of the key players being Afton, BASF, Chevron Oronite, Dow, Lonza, Lubrizol, Apar, Chevron, Columbia Petro, Gazprom, Idemitsu Kosan, Indian Oil, Lukoil, Pertamina, Sinopec, SK and Total Lubricants USA.
This report provides a deep insight into the global forming fluids market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the forming fluids industry in any manner.
Key Questions Answered in This Report:
The temporary closure of various manufacturing units on account of the coronavirus disease (COVID-19) outbreak is negatively impacting the market growth.
The global forming fluids market was worth around US$ 3.1 Billion in 2019.
According to the estimates by IMARC Group, the global forming fluids market will exhibit steady growth during the next five years.
Forming fluids provide cooling, lubrication and corrosion protection in the production of automobiles. Substantial growth in the automotive industry represents one of the key factors bolstering the market growth.
As manufacturing processes of various industrial goods incur high maintenance expenditure, there is a rise in the demand for innovative protection solutions, such as forming fluids, around the world.
On the basis of the product, the market has been segregated into rolling oils, hydroforming fluids and others.
Based on the application, the market has been categorized into primary metals, transportation equipment, fabricated metal products, machinery, metal cans and others.
Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Latin America, and Middle East and Africa.
Leading industry players are Afton Group, BASF SE, Chevron Corporation, The Dow Chemical Company, Lonza Group, Lubrizol Corporation, Apar Group, Columbia Petro Chem Pvt. Ltd., Public Joint Stock Company Gazprom, Idemitsu Kosan Co., Ltd., Indian Oil Corporation Limited, PJSC LUKOIL, PT PERTAMINA (PERSERO), China Petrochemical Corporation, SK Lubricants Co., Ltd. and Total Specialties USA.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Forming Fluids Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product
5.4 Market Breakup by Application
5.5 Market Breakup by Region
5.6 Market Forecast
5.7 SWOT Analysis
5.7.1 Overview
5.7.2 Strengths
5.7.3 Weaknesses
5.7.4 Opportunities
5.7.5 Threats
5.8 Value Chain Analysis
5.8.1 Overview
5.8.2 Raw Material Procurement
5.8.3 Manufacturing
5.8.4 Marketing
5.8.5 Distribution
5.8.6 End-Use
5.9 Porters Five Forces Analysis
5.9.1 Overview
5.9.2 Bargaining Power of Buyers
5.9.3 Bargaining Power of Suppliers
5.9.4 Degree of Competition
5.9.5 Threat of New Entrants
5.9.6 Threat of Substitutes
5.10 Price Analysis
5.10.1 Key Price Indicators
5.10.2 Price Structure
5.10.3 Margin Analysis
6 Market Breakup by Product
6.1 Rolling Oils
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Hydroforming Fluids
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Application
7.1 Primary Metals
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Transportation Equipment
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Fabricated Metal Products
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Machinery
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Metal Cans
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Region
8.1 Asia Pacific
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 North America
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Europe
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Latin America
8.5.1 Market Trends
8.5.2 Market Forecast
9 Forming Fluids Manufacturing Process
9.1 Product Overview
9.2 Raw Material Requirements
9.3 Manufacturing Process
9.4 Key Success and Risk Factors
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 Afton
10.3.2 BASF
10.3.3 Chevron Oronite
10.3.4 Dow
10.3.5 Lonza
10.3.6 Lubrizol
10.3.7 Apar
10.3.8 Chevron
10.3.9 Columbia Petro
10.3.10 Gazprom
10.3.11 Idemitsu Kosan
10.3.12 Indian Oil
10.3.13 Lukoil
10.3.14 Pertamina
10.3.15 Sinopec
10.3.16 SK
10.3.17 Total Lubricants USA
List of Figures
Figure 1: Global: Forming Fluids Market: Major Drivers and Challenges
Figure 2: Global: Forming Fluids Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Forming Fluids Market: Breakup by Product (in %), 2019
Figure 4: Global: Forming Fluids Market: Breakup by Application (in %), 2019
Figure 5: Global: Forming Fluids Market: Breakup by Region (in %), 2019
Figure 6: Global: Forming Fluids Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 7: Global: Forming Fluids Industry: SWOT Analysis
Figure 8: Global: Forming Fluids Industry: Value Chain Analysis
Figure 9: Global: Forming Fluids Industry: Porter’s Five Forces Analysis
Figure 10: Global: Forming Fluids (Rolling Oils) Market: Sales Value (in Million US$), 2014 & 2019
Figure 11: Global: Forming Fluids (Rolling Oils) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: Global: Forming Fluids (Hydroforming Fluids) Market: Sales Value (in Million US$), 2014 & 2019
Figure 13: Global: Forming Fluids (Hydroforming Fluids) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: Global: Forming Fluids (Other Product Types) Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: Global: Forming Fluids (Other Product Types) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: Forming Fluids (Primary Metals) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: Forming Fluids (Primary Metals) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: Forming Fluids (Transportation Equipment) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: Forming Fluids (Transportation Equipment) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: Global: Forming Fluids (Fabricated Metal Products) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: Global: Forming Fluids (Fabricated Metal Products) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Global: Forming Fluids (Machinery) Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: Global: Forming Fluids (Machinery) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: Global: Forming Fluids (Metal Cans) Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: Global: Forming Fluids (Metal Cans) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: Global: Forming Fluids (Other Applications) Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: Global: Forming Fluids (Other Applications) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: Asia Pacific: Forming Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: Asia Pacific: Forming Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: North America: Forming Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: North America: Forming Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: Europe: Forming Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: Europe: Forming Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: Middle East and Africa: Forming Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: Middle East and Africa: Forming Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: Latin America: Forming Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: Latin America: Forming Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: Forming Fluids Manufacturing: Process Flow
List of Tables
Table 1: Global: Forming Fluids Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Forming Fluids Market Forecast: Breakup by Product (in Million US$), 2020-2025
Table 3: Global: Forming Fluids Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 4: Global: Forming Fluids Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 5: Forming Fluids Manufacturing: Raw Material Requirements
Table 6: Global: Forming Fluids Market: Competitive Structure
Table 7: Global: Forming Fluids Market: Key Players