세계의 연삭유 시장 - 시장 규모, 점유율, 산업 동향 분석 보고서 : 용도별, 유형별, 지역별 전망 및 예측(2023-2030년)

The Global Grinding Fluids Market size is expected to reach $889.1 million by 2030, rising at a market growth of 3.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 235.19 Kilo Tonnes experiencing a growth of 3.6% (2019-2022).

The strong manufacturing base in Germany and Russia's automobile industry and the increasing demand for automotive components are expected to boost the demand for the product in Europe in the coming years. Therefore, Europe segment generated $140.45 million revenue in the market in 2022. Thus, the advancing end-use industries in the region are expected to propel product needs over the forecast period. Thus, increasing steel production owing to its increasing demand from different end-use industries like automobile, defense, electronics, construction equipment, mining machinery, and metallurgical machinery is expected to drive the demand for products in the region. Some of the factors impacting the market are advancements in grinding fluid technology, growing aerospace and automotive industries and growing health and safety concerns.

Integrating smart technologies in grinding fluids is revolutionizing monitoring and control capabilities. Sensors and monitoring systems embedded in grinding fluids enable real-time assessment of parameters such as concentration, temperature, and fluid condition. This facilitates predictive maintenance, allowing manufacturers to optimize fluid performance and minimize downtime. Bio-stability is essential in preventing bacterial growth and degradation of grinding fluids. Technological advancements have resulted in improved bio-stable formulations, extending the longevity of fluids. This not only enhances cost-effectiveness by reducing the frequency of fluid replacement but also ensures consistent performance over extended periods. Additionally, the aerospace and automotive industries are increasingly emphasizing sustainability and environmental responsibility. Grinding fluid manufacturers are responding by developing environmentally friendly formulations that have low health risks and adhere to stringent environmental regulations. This aligns with the industries' broader sustainability goals. Research and development investments in both industries focus on exploring new materials and manufacturing processes to enhance performance and efficiency. Thus, these advancements collectively contribute to expanding the market and the growing aerospace and automotive industries are integral to expanding the market.

However, Health and safety concerns may lead to more stringent personal protective equipment (PPE) requirements when working with certain grinding fluids. The additional cost and inconvenience associated with enhanced PPE requirements can deter companies, potentially leading to a shift away from certain grinding fluids. As awareness of health and safety risks increases, companies may face potential litigation and liability issues related to worker exposure to harmful substances in grinding fluids. This can lead to increased costs for legal defense, compensation claims, and damage to a company's reputation. Due to the above factors, market growth will be hampered in the coming years.

Application Outlook

Based on application, the market is fragmented into disk drivers, lubricate machine tools, metal substrates, silicon wafer, and others. The metal substrates segment garnered a significant revenue share in the market in 2022. Metals, especially with high thermal conductivity, can quickly absorb and retain heat during grinding. Without proper cooling, this heat buildup can result in thermal deformation, surface cracks, or even metallurgical changes in metal substrates. This leads to the requirement for grinding fluids, which help in heat dissipation and maintaining stable temperatures during the process. Thermal damage to metal substrates is reduced significantly by controlling the temperature, ensuring their dimensional accuracy, and preserving the integrity of materials used in their development.

Type Outlook

On the basis of type, the market is segmented into semi-synthetic, synthetic, water-soluble, and others. In 2022, the synthetic segment dominated the market with the maximum revenue share. This is attributed to its exceptional cooling and lubricating capabilities, surpassing other grinding fluids. Advancements in additive technology have further solidified their position as the preferred choice in the product industry. These fluids are further enhanced with additional additives to inhibit corrosion. This extends their lifespan, reduces maintenance requirements, and minimizes downtime for fluid replacement. They can be used for grinding metals, including ferrous and non-ferrous materials, without compromising performance or causing damage to the workpiece. Thus, the growing industrialization is anticipated to drive the demand for synthetic grinding fluids over the forecast period.

Regional Outlook

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region registered the largest revenue share in the market. This is attributable to the increasing production volumes in various regional sectors, such as automobile, defense, marine, and aerospace. Globally, the production of metals such as titanium and aluminum were dominated by China as of 2022. Therefore, the increase in aluminum production due to the addition of production capacity by several manufacturers in China is expected to augment the demand for grinding fluids over the forecast period. Furthermore, the easy availability of resources, like a workforce with cheap labor and iron ore reserves, has made India one of the leading steel producers.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Benz Oil, Inc. (AMSOIL INC.), Carborundum Universal Limited (Murugappa Group), Castrol Ltd. (BP P.L.C.), Cutting & Grinding Fluids, Inc., EnviroServe Chemicals, Inc., ETNA Products, Incorporated, Exxon Mobil Corporation, FUCHS Petrolub SE, Lincoln Chemical Corporation, and TotalEnergies SE.

Scope of the Study

Market Segments covered in the Report:

By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)

• Disk Drivers
• Lubricate Machine Tools
• Metal Substrates
• Silicon Wafer
• Others

By Type (Volume, Kilo Tonnes, USD Million, 2019-2030)

• Synthetic
• Semi-Synthetic
• Water-Soluble
• Others

By Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• Benz Oil, Inc. (AMSOIL INC.)
• Carborundum Universal Limited (Murugappa Group)
• Castrol Ltd. (BP P.L.C.)
• Cutting & Grinding Fluids, Inc.
• EnviroServe Chemicals, Inc.
• ETNA Products, Incorporated
• Exxon Mobil Corporation
• FUCHS Petrolub SE
• Lincoln Chemical Corporation
• TotalEnergies SE

Unique Offerings from KBV Research

• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology

• 1.1 Market Definition
• 1.2 Objectives
• 1.3 Market Scope
• 1.4 Segmentation
  • 1.4.1 Global Grinding Fluids Market, by Application
  • 1.4.2 Global Grinding Fluids Market, by Type
  • 1.4.3 Global Grinding Fluids Market, by Geography
• 1.5 Methodology for the research

Chapter 2. Market At a Glance

• 2.1 Key Highlights

Chapter 3. Market Overview

• 3.1 Introduction
  • 3.1.1 Overview
    • 3.1.1.1 Market Composition and Scenario
• 3.2 Key Factors Impacting the Market
  • 3.2.1 Market Drivers
  • 3.2.2 Market Restraints
• 3.3 Porter's Five Forces Analysis

Chapter 4. Global Grinding Fluids Market by Application

• 4.1 Global Disk Drivers Market by Region
• 4.2 Global Lubricate Machine Tools Market by Region
• 4.3 Global Metal Substrates Market by Region
• 4.4 Global Silicon Wafer Market by Region
• 4.5 Global Others Market by Region

Chapter 5. Global Grinding Fluids Market by Type

• 5.1 Global Synthetic Market by Region
• 5.2 Global Semi-Synthetic Market by Region
• 5.3 Global Water-Soluble Market by Region
• 5.4 Global Others Market by Region

Chapter 6. Global Grinding Fluids Market by Region

• 6.1 North America Grinding Fluids Market
  • 6.1.1 North America Grinding Fluids Market by Application
    • 6.1.1.1 North America Disk Drivers Market by Country
    • 6.1.1.2 North America Lubricate Machine Tools Market by Country
    • 6.1.1.3 North America Metal Substrates Market by Country
    • 6.1.1.4 North America Silicon Wafer Market by Country
    • 6.1.1.5 North America Others Market by Country
  • 6.1.2 North America Grinding Fluids Market by Type
    • 6.1.2.1 North America Synthetic Market by Country
    • 6.1.2.2 North America Semi-Synthetic Market by Country
    • 6.1.2.3 North America Water-Soluble Market by Country
    • 6.1.2.4 North America Others Market by Country
  • 6.1.3 North America Grinding Fluids Market by Country
    • 6.1.3.1 US Grinding Fluids Market
      • 6.1.3.1.1 US Grinding Fluids Market by Application
      • 6.1.3.1.2 US Grinding Fluids Market by Type
    • 6.1.3.2 Canada Grinding Fluids Market
      • 6.1.3.2.1 Canada Grinding Fluids Market by Application
      • 6.1.3.2.2 Canada Grinding Fluids Market by Type
    • 6.1.3.3 Mexico Grinding Fluids Market
      • 6.1.3.3.1 Mexico Grinding Fluids Market by Application
      • 6.1.3.3.2 Mexico Grinding Fluids Market by Type
    • 6.1.3.4 Rest of North America Grinding Fluids Market
      • 6.1.3.4.1 Rest of North America Grinding Fluids Market by Application
      • 6.1.3.4.2 Rest of North America Grinding Fluids Market by Type
• 6.2 Europe Grinding Fluids Market
  • 6.2.1 Europe Grinding Fluids Market by Application
    • 6.2.1.1 Europe Disk Drivers Market by Country
    • 6.2.1.2 Europe Lubricate Machine Tools Market by Country
    • 6.2.1.3 Europe Metal Substrates Market by Country
    • 6.2.1.4 Europe Silicon Wafer Market by Country
    • 6.2.1.5 Europe Others Market by Country
  • 6.2.2 Europe Grinding Fluids Market by Type
    • 6.2.2.1 Europe Synthetic Market by Country
    • 6.2.2.2 Europe Semi-Synthetic Market by Country
    • 6.2.2.3 Europe Water-Soluble Market by Country
    • 6.2.2.4 Europe Others Market by Country
  • 6.2.3 Europe Grinding Fluids Market by Country
    • 6.2.3.1 Germany Grinding Fluids Market
      • 6.2.3.1.1 Germany Grinding Fluids Market by Application
      • 6.2.3.1.2 Germany Grinding Fluids Market by Type
    • 6.2.3.2 UK Grinding Fluids Market
      • 6.2.3.2.1 UK Grinding Fluids Market by Application
      • 6.2.3.2.2 UK Grinding Fluids Market by Type
    • 6.2.3.3 France Grinding Fluids Market
      • 6.2.3.3.1 France Grinding Fluids Market by Application
      • 6.2.3.3.2 France Grinding Fluids Market by Type
    • 6.2.3.4 Russia Grinding Fluids Market
      • 6.2.3.4.1 Russia Grinding Fluids Market by Application
      • 6.2.3.4.2 Russia Grinding Fluids Market by Type
    • 6.2.3.5 Spain Grinding Fluids Market
      • 6.2.3.5.1 Spain Grinding Fluids Market by Application
      • 6.2.3.5.2 Spain Grinding Fluids Market by Type
    • 6.2.3.6 Italy Grinding Fluids Market
      • 6.2.3.6.1 Italy Grinding Fluids Market by Application
      • 6.2.3.6.2 Italy Grinding Fluids Market by Type
    • 6.2.3.7 Rest of Europe Grinding Fluids Market
      • 6.2.3.7.1 Rest of Europe Grinding Fluids Market by Application
      • 6.2.3.7.2 Rest of Europe Grinding Fluids Market by Type
• 6.3 Asia Pacific Grinding Fluids Market
  • 6.3.1 Asia Pacific Grinding Fluids Market by Application
    • 6.3.1.1 Asia Pacific Disk Drivers Market by Country
    • 6.3.1.2 Asia Pacific Lubricate Machine Tools Market by Country
    • 6.3.1.3 Asia Pacific Metal Substrates Market by Country
    • 6.3.1.4 Asia Pacific Silicon Wafer Market by Country
    • 6.3.1.5 Asia Pacific Others Market by Country
  • 6.3.2 Asia Pacific Grinding Fluids Market by Type
    • 6.3.2.1 Asia Pacific Synthetic Market by Country
    • 6.3.2.2 Asia Pacific Semi-Synthetic Market by Country
    • 6.3.2.3 Asia Pacific Water-Soluble Market by Country
    • 6.3.2.4 Asia Pacific Others Market by Country
  • 6.3.3 Asia Pacific Grinding Fluids Market by Country
    • 6.3.3.1 China Grinding Fluids Market
      • 6.3.3.1.1 China Grinding Fluids Market by Application
      • 6.3.3.1.2 China Grinding Fluids Market by Type
    • 6.3.3.2 Japan Grinding Fluids Market
      • 6.3.3.2.1 Japan Grinding Fluids Market by Application
      • 6.3.3.2.2 Japan Grinding Fluids Market by Type
    • 6.3.3.3 India Grinding Fluids Market
      • 6.3.3.3.1 India Grinding Fluids Market by Application
      • 6.3.3.3.2 India Grinding Fluids Market by Type
    • 6.3.3.4 South Korea Grinding Fluids Market
      • 6.3.3.4.1 South Korea Grinding Fluids Market by Application
      • 6.3.3.4.2 South Korea Grinding Fluids Market by Type
    • 6.3.3.5 Singapore Grinding Fluids Market
      • 6.3.3.5.1 Singapore Grinding Fluids Market by Application
      • 6.3.3.5.2 Singapore Grinding Fluids Market by Type
    • 6.3.3.6 Malaysia Grinding Fluids Market
      • 6.3.3.6.1 Malaysia Grinding Fluids Market by Application
      • 6.3.3.6.2 Malaysia Grinding Fluids Market by Type
    • 6.3.3.7 Rest of Asia Pacific Grinding Fluids Market
      • 6.3.3.7.1 Rest of Asia Pacific Grinding Fluids Market by Application
      • 6.3.3.7.2 Rest of Asia Pacific Grinding Fluids Market by Type
• 6.4 LAMEA Grinding Fluids Market
  • 6.4.1 LAMEA Grinding Fluids Market by Application
    • 6.4.1.1 LAMEA Disk Drivers Market by Country
    • 6.4.1.2 LAMEA Lubricate Machine Tools Market by Country
    • 6.4.1.3 LAMEA Metal Substrates Market by Country
    • 6.4.1.4 LAMEA Silicon Wafer Market by Country
    • 6.4.1.5 LAMEA Others Market by Country
  • 6.4.2 LAMEA Grinding Fluids Market by Type
    • 6.4.2.1 LAMEA Synthetic Market by Country
    • 6.4.2.2 LAMEA Semi-Synthetic Market by Country
    • 6.4.2.3 LAMEA Water-Soluble Market by Country
    • 6.4.2.4 LAMEA Others Market by Country
  • 6.4.3 LAMEA Grinding Fluids Market by Country
    • 6.4.3.1 Brazil Grinding Fluids Market
      • 6.4.3.1.1 Brazil Grinding Fluids Market by Application
      • 6.4.3.1.2 Brazil Grinding Fluids Market by Type
    • 6.4.3.2 Argentina Grinding Fluids Market
      • 6.4.3.2.1 Argentina Grinding Fluids Market by Application
      • 6.4.3.2.2 Argentina Grinding Fluids Market by Type
    • 6.4.3.3 UAE Grinding Fluids Market
      • 6.4.3.3.1 UAE Grinding Fluids Market by Application
      • 6.4.3.3.2 UAE Grinding Fluids Market by Type
    • 6.4.3.4 Saudi Arabia Grinding Fluids Market
      • 6.4.3.4.1 Saudi Arabia Grinding Fluids Market by Application
      • 6.4.3.4.2 Saudi Arabia Grinding Fluids Market by Type
    • 6.4.3.5 South Africa Grinding Fluids Market
      • 6.4.3.5.1 South Africa Grinding Fluids Market by Application
      • 6.4.3.5.2 South Africa Grinding Fluids Market by Type
    • 6.4.3.6 Nigeria Grinding Fluids Market
      • 6.4.3.6.1 Nigeria Grinding Fluids Market by Application
      • 6.4.3.6.2 Nigeria Grinding Fluids Market by Type
    • 6.4.3.7 Rest of LAMEA Grinding Fluids Market
      • 6.4.3.7.1 Rest of LAMEA Grinding Fluids Market by Application
      • 6.4.3.7.2 Rest of LAMEA Grinding Fluids Market by Type

Chapter 7. Company Profiles

• 7.1 Benz Oil, Inc. (AMSOIL INC.)
  • 7.1.1 Company Overview
  • 7.1.2 Recent strategies and developments:
    • 7.1.2.1 Partnerships, Collaborations, and Agreements:
  • 7.1.3 SWOT Analysis
• 7.2 Carborundum Universal Limited (Murugappa Group)
  • 7.2.1 Company Overview
  • 7.2.2 Financial Analysis
  • 7.2.3 Segmental and Regional Analysis
  • 7.2.4 Research & Development Expenses
  • 7.2.5 SWOT Analysis
• 7.3 Castrol Ltd. (BP P.L.C.)
  • 7.3.1 Company Overview
  • 7.3.2 Financial Analysis
  • 7.3.3 Segmental and Regional Analysis
  • 7.3.4 Research & Development Expenses
  • 7.3.5 Recent strategies and developments:
    • 7.3.5.1 Partnerships, Collaborations, and Agreements:
  • 7.3.6 SWOT Analysis
• 7.4 Cutting & Grinding Fluids, Inc.
  • 7.4.1 Company Overview
  • 7.4.2 SWOT Analysis
• 7.5 EnviroServe Chemicals, Inc.
  • 7.5.1 Company Overview
  • 7.5.2 SWOT Analysis
• 7.6 ETNA Products, Incorporated.
  • 7.6.1 Company Overview
  • 7.6.2 Recent strategies and developments:
    • 7.6.2.1 Acquisition and Mergers:
  • 7.6.3 SWOT Analysis
• 7.7 Exxon Mobil Corporation
  • 7.7.1 Company Overview
  • 7.7.2 Financial Analysis
  • 7.7.3 Segmental and Regional Analysis
  • 7.7.4 Research & Development Expenses
  • 7.7.5 Recent strategies and developments:
    • 7.7.5.1 Geographical Expansions:
  • 7.7.6 SWOT Analysis
• 7.8 Fuchs Petrolub SE
  • 7.8.1 Company Overview
  • 7.8.2 Financial Analysis
  • 7.8.3 Regional Analysis
  • 7.8.4 Research & Development Expenses
  • 7.8.5 Recent strategies and developments:
    • 7.8.5.1 Product Launches and Product Expansions:
  • 7.8.6 SWOT Analysis
• 7.9 Lincoln Chemical Corporation
  • 7.9.1 Company Overview
  • 7.9.2 SWOT Analysis
• 7.10. TotalEnergies SE
  • 7.10.1 Company Overview
  • 7.10.2 Financial Analysis
  • 7.10.3 Segmental and Regional Analysis
  • 7.10.4 Research & Development Expenses
  • 7.10.5 SWOT Analysis

Chapter 8. Winning Strategies of Grinding Fluids Market