PUBLISHER: IMARC | PRODUCT CODE: 1423318
PUBLISHER: IMARC | PRODUCT CODE: 1423318
Forming Fluids Market Report by Product Type (Rolling Oils, Hydroforming Fluids, and Others), Application (Primary Metals, Transportation Equipment, Fabricated Metal Products, Machinery, Metal Cans, and Others), and Region 2024-2032
Abstract
The global forming fluids market size reached US$ 3.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2032, exhibiting a growth rate (CAGR) of 1.6% during 2024-2032.
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.
Forming fluids provide great lubrication and better corrosion protection and thus help in protecting the substrates from scratches and damage during manufacturing and molding. They 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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global forming fluids market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on product type, and application.
Breakup by Product Type:
Rolling Oils
Hydroforming Fluids
Others
Based on the product type, the market has been segmented into rolling oils, hydroforming fluids, and others.
Breakup by Application:
Primary Metals
Transportation Equipment
Fabricated Metal Products
Machinery
Metal Cans
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.
Breakup by Region:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
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.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being 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.
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
- 1. What was the size of the global forming fluids market in 2023?
- 2. What is the expected growth rate of the global forming fluids market during 2024-2032?
- 3. What are the key factors driving the global forming fluids market?
- 4. What has been the impact of COVID-19 on the global forming fluids market?
- 5. What is the breakup of the global forming fluids market based on the product type?
- 6. What is the breakup of the global forming fluids market based on the application?
- 7. What are the key regions in the global forming fluids market?
- 8. Who are the key players/companies in the global forming fluids market?
Table of Contents
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 Impact of COVID-19
- 5.4 Market Breakup by Product Type
- 5.5 Market Breakup by Application
- 5.6 Market Breakup by Region
- 5.7 Market Forecast
- 5.8 SWOT Analysis
- 5.8.1 Overview
- 5.8.2 Strengths
- 5.8.3 Weaknesses
- 5.8.4 Opportunities
- 5.8.5 Threats
- 5.9 Value Chain Analysis
- 5.9.1 Overview
- 5.9.2 Raw Material Procurement
- 5.9.3 Manufacturing
- 5.9.4 Marketing
- 5.9.5 Distribution
- 5.9.6 End-Use
- 5.10 Porters Five Forces Analysis
- 5.10.1 Overview
- 5.10.2 Bargaining Power of Buyers
- 5.10.3 Bargaining Power of Suppliers
- 5.10.4 Degree of Competition
- 5.10.5 Threat of New Entrants
- 5.10.6 Threat of Substitutes
- 5.11 Price Analysis
- 5.11.1 Key Price Indicators
- 5.11.2 Price Structure
- 5.11.3 Margin Analysis
6 Market Breakup by Product Type
- 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 Group
- 10.3.2 BASF SE
- 10.3.3 Chevron Corporation
- 10.3.4 The Dow Chemical Company
- 10.3.5 Lonza Group
- 10.3.6 Lubrizol Corporation
- 10.3.7 Apar Group
- 10.3.8 Columbia Petro Chem Pvt. Ltd.
- 10.3.9 Public Joint Stock Company Gazprom
- 10.3.10 Idemitsu Kosan Co. Ltd.
- 10.3.11 Indian Oil Corporation Limited
- 10.3.12 PJSC LUKOIL
- 10.3.13 PT PERTAMINA (PERSERO)
- 10.3.14 China Petrochemical Corporation
- 10.3.15 SK Lubricants Co. Ltd.
- 10.3.16 Total Specialties 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$), 2018-2023
- Figure 3: Global: Forming Fluids Market: Breakup by Product Type (in %), 2023
- Figure 4: Global: Forming Fluids Market: Breakup by Application (in %), 2023
- Figure 5: Global: Forming Fluids Market: Breakup by Region (in %), 2023
- Figure 6: Global: Forming Fluids Market Forecast: Sales Value (in Billion US$), 2024-2032
- 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$), 2018 & 2023
- Figure 11: Global: Forming Fluids (Rolling Oils) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Forming Fluids (Hydroforming Fluids) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Forming Fluids (Hydroforming Fluids) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Forming Fluids (Other Product Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Forming Fluids (Other Product Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Forming Fluids (Primary Metals) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Forming Fluids (Primary Metals) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Forming Fluids (Transportation Equipment) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Forming Fluids (Transportation Equipment) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Forming Fluids (Fabricated Metal Products) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Forming Fluids (Fabricated Metal Products) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Forming Fluids (Machinery) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Forming Fluids (Machinery) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Forming Fluids (Metal Cans) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Forming Fluids (Metal Cans) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Forming Fluids (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Forming Fluids (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Asia Pacific: Forming Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Asia Pacific: Forming Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: North America: Forming Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: North America: Forming Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Europe: Forming Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Europe: Forming Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Middle East and Africa: Forming Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Middle East and Africa: Forming Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Latin America: Forming Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Latin America: Forming Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Forming Fluids Manufacturing: Process Flow
List of Tables
- Table 1: Global: Forming Fluids Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Forming Fluids Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
- Table 3: Global: Forming Fluids Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Forming Fluids Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Forming Fluids Manufacturing: Raw Material Requirements
- Table 6: Global: Forming Fluids Market: Competitive Structure
- Table 7: Global: Forming Fluids Market: Key Players
