Mounting Fluids Market Forecasts from 2023 to 2028

The mounting fluids market is estimated to grow at a CAGR of 9.33% during the forecast period.

Mounting fluid is a specialized solution used in microscopy and specimen preparation. It is employed to embed specimens beneath a cover glass, providing support and protection. The fluid enhances clarity, prevents distortion, and allows for better visualization of the specimen under a microscope for its users. The end users of the mounting fluids market include construction, automotive, power & energy, manufacturing, and other industries. The rise of sectors like automotive and manufacturing activities are the prominent drivers to boost the mounting fluids market size.

MARKET DRIVERS:

Increasing automotive production to the mounting fluid market growth.

Mounting fluids are extensively utilized in automotive applications for quality control, inspection, and research purposes, and with the increasing complexity of automotive components the need for microscopic examination, enabling detailed inspection of materials, coatings, and components has become necessary. Booming automotive production coupled with a continuous focus on improving product performance along with stringent quality standards, drives the demand for high-quality mounting fluids. According to the International Trade Administration, China’s domestic automotive production will reach 35 million vehicles by 2025. As per the same source, in 2021, China witnessed sales of over 26 million vehicles, including 21.48 million passenger vehicles, a 7.1% increase from 2020.

The emerging power & energy sector drives the mounting fluids market expansion.

The power and energy sectors are growing due to the increasing global demand for electricity and the transition towards renewable energy sources. Mounting fluids play a vital role in the inspection, quality control, and maintenance of components such as turbines, transformers, and generators. The increasing focus on efficiency, reliability, and safety in the power and energy industry has provided a positive outlook for the growth of the mounting fluids market. According to the Department of Energy, in 2022, the United States witnessed continued growth in the size and power of wind turbines, with the average nameplate capacity of newly installed turbines reaching 3 MW. This represents a significant 9% increase compared to the capacity in 2020.

Rising manufacturing industries drive the mounting fluids market growth.

In the manufacturing industry, mounting fluids are essential for sample preparation, quality control, and inspection processes. Favorable investment, and government schemes coupled with high demand has increased the manufacturing output in countries thereby booming the mounting fluid industry growth. According to the Indian Brand Equity Foundation, On April 1, 2020, the Indian government notified the Production Linked Incentive (PLI) scheme for large-scale electronics manufacturing which aimed to promote substantial investments in the manufacturing of mobile phones and specific electronic components. According to the report of the Republic of South Africa, in 2022, the manufacturing industry in South Africa exhibited a notable growth of 4.9%, making a significant contribution of 0.6 percentage points to the overall GDP expansion.

Asia-Pacific is projected to dominate the mounting fluid market.

Asia Pacific is expected to be a dominant player owing to the rapid industrialization, and technological advancements that have increased output in the automotive, electronics, and energy sectors. According to the OICA, in 2022, South Korea's motor vehicle production reached a total of 3, 757, 049 units, indicating a notable 9% increase compared to the previous figure of 3, 462, 404 units recorded in 2021. Additionally, according to the Indian Wind Turbine Manufactures Association, in March 2023, India's wind energy sector has an installed capacity of 42, 633 MW.

MARKET RESTRAINTS:

Technological advancements lead to alternative availability to restrain the market growth.

As technology continues to advance, there is the potential for alternative methods to emerge for mounting and securing objects, which could have an impact on the demand for traditional mounting fluids. For example, the ongoing development of adhesive technologies offers new possibilities for bonding and attaching objects without the need for fluid-based mounting solutions. Similarly, advancements in 3D printing techniques enable the creation of complex and customized structures, reducing the reliance on traditional mounting methods. These alternative approaches have the potential to disrupt the mounting fluid market by providing innovative and cost-effective solutions.

Key Developments

• May 2023 The acquisition of Norcan Fluid Power by Fluid System Components presents a promising opportunity for both companies to foster growth and success together. By joining forces, the combined entity can leverage its established reputation in delivering exceptional fluid power solutions.

Company Products

• The SKF Mounting Fluid LHMF 300 SKF offers the LHMF 300 Mounting Fluid, specifically designed for compatibility with various SKF hydraulic equipment. This versatile fluid is suitable for use with hydraulic pumps, HMV ..E hydraulic nuts, and oil injection tools provided by SKF. The LHMF 300 is formulated with anti-corrosive properties, ensuring that it does not pose a threat to seal materials such as nitrile rubber, leather, chrome leather, and PTFE.
• SMF 2001 AZTEK's Scanner Mounting Fluid (SMF) not only serves as a cleaning agent but also effectively fills the film grain and offers anti-newton benefits simultaneously. When applied and mounted onto the scanner using SMF, the fluid efficiently cleans the film surface. Upon removal from the scanner, SMF rapidly dries, leaving behind a pristine and residue-free film. With a quick wipe using a lint-free cloth, the film becomes impeccably clean, requiring no further preparation before being safely returned to its protective sleeve.

Segmentation

By MediaType

• Solvent-Based
• Water-Based

By Fluid Type

• Oil
• Water
• Process Fluid

By End-User

• Construction
• Automotive
• Power & Energy
• Manufacturing
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• UK
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Australia
• Other