As per a recent industry report put forward by Global Market Insights Inc., Metalworking Fluids Market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of USD 15 billion by 2025 with a projected CAGR of 4.7% over 2018-2025.
In the recent years, the global metalworking fluids market has gained considerable prominence in terms of the profitability matrix, given the rapid expansion of industrial sectors including the likes of automotive, aviation, energy, and infrastructure. In the year 2017, this business space registered a significant USD 10 billion remuneration majorly pertaining to the fact that these fluids are being used extensively in the automotive & transportation industry. In fact, it would not be overstated to say that owing to their ability to perform the crucial task of cooling down metals in machining processes such as drilling, turning, forging, and milling, metalworking fluids have been acclaimed as the essentials in the manufacturing sector.
Read more: At 4.7% CAGR, Global Metalworking Fluids Market to exceed US$ 15bn by 2025
