Future Market Insights
Market Definition and Introduction
Metal forming fluids find important applications in the metal forging industry. Metal forming fluids help in achieving the form and shape of different metals. There are different product ranges of metal forming fluids available for both ferrous as well as non-ferrous forming applications. The primary purpose of metal forming fluids is to provide lubrication and cooling in metal bending, stretching and shaping operations. These fluids are usually referred to as drawing and stamping fluids.
Metal forming fluids or lubricants carry out important functions, such as lubrication, cooling and anti-corrosion. Lubrication is a very important requirement in the metal forming process as it is expected to reduce friction between the formed metal piece and the die. This is achieved through the action of metal forming fluids, which are used as a barrier to minimize the contact between the die and the work piece. As metal forming fluids also possess anti-corrosion properties on account of anti-corrosion ingredients, they help in corrosion prevention of the final product even during storage.
The right selection of the type of metal forming fluid is based on multiple parameters which include application type, quality of water available, process type and the metal being subjected to forming. This ensures smooth and cost effective operation of the metal forming process. For instance, in ferrous wire drawing procedures, specific metal forming fluids with the right type and quantity of additives to increase performance must be used for effective forming procedures to take place. In some cases, metals forming fluids are formulated with fatty oils, lube additives or extreme pressure agents for effective results.
Considering these important aspects of application of metal forming fluids, the study of the metal forming fluids market becomes an important read.
On the basis of product type, the metal forming fluids market is segmented as follows:
On the basis of application, the metal forming fluids market is segmented as follows:
On the basis of end use, the metal forming fluids market is segmented as follows:
Key Trends and Drivers
It has been observed that end users of metal forming fluids face considerable challenges in selecting the most relevant type of metal forming fluids. This is so because different metal forming fluid types have different characteristics for a diverse range of applications. Hence, metal forming fluid manufacturers have been focusing on educating their clients about the details of their products. This is to help the end users make a quick & relevant choice in terms of metal forming fluids. Besides, manufacturers of metal forming fluids have been focusing on developing advanced products with improved features to gain competitive advantage. This is being coupled with aggressive advertising and marketing & branding campaigns to increase sales volumes through market penetration. Furthermore, clients of metal forming fluids manufacturers have been keen on seeking replacements for phosphorus and soap-based lubricants to achieve higher productivity and cut down on the total cost of production. Important factors that have been dictating the growth of the metal forming fluids market are the changes in the metal forming processes, equipment used for metal forming and ease of training of operators on any new process incorporated by the metal forming company. These requirements have been necessitating increased collaboration between metal forming fluid manufacturers and end users for effective applications in recent times.
Examples of the market participants identified across the value chain of the metal forming fluids market are as follows:
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
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