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Asia Pacific Grinding Fluids Market Size, Share & Industry Trends Analysis Report By Application (Disk Drivers, Lubricate Machine Tools, Metal Substrates, Silicon Wafer, and Others, By Type, By Country and Growth Forecast, 2023 - 2030

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    Report

  • 133 Pages
  • December 2023
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5922605
The Asia Pacific Grinding Fluids Market would witness market growth of 4.0% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 78.35 Kilo Tonnes, showcasing a growth of 4.5% (2019-2022).

The penetration of plastic components in the automotive industry has grown extensively over the past few years due to their lightweight, strong performance, high corrosion resistance, and durability and efficiency. Similarly, the aerospace industry has witnessed a surge in plastic demand due to its ability to reduce the aircraft power-to-weight ratio and enhance its engines' overall efficiency and performance. In aerospace applications, where stringent tolerances and material integrity are paramount, grinding fluids are employed for grinding critical components like turbine blades, landing gear components, and aircraft structural elements.

In addition, using plastics in aircraft also offers them durability, improves their navigation ability, enhances their fuel economy, and extends their flight range. As such, plastics are increasingly used in military and defense aircraft and carriers. Polyetheretherketone (PEEK), polyamide-imide (PAI), and polytetrafluoroethylene (PTFE) are some plastics used in the aerospace industry. It is expected to impact the demand for grinding fluids and their consumption to a certain extent over the forecast period.

Invest India reports that between April 2021 and March 2022, the automobile industry manufactured 22.93 million vehicles, comprising passenger vehicles, commercial vehicles, three-wheeled, two-wheelers, and bicycles. The Automobile Sector attracted 5% of the total FDI inflow, according to the DPIIT Report from June 2023. Exports of passenger vehicles increased by 42.9% between April 2021 and March 2022, from 404,397 to 577,875 units, while exports of commercial vehicles rose from 50,334 to 92,297 units. Due to the aforementioned factors the market growth will drive in this region.

The China market dominated the Asia Pacific Grinding Fluids Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $114.1 million by 2030. The Japan market is registering a CAGR of 3.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 4.6% during (2023 - 2030).

Based on Application, the market is segmented into Disk Drivers, Lubricate Machine Tools, Metal Substrates, Silicon Wafer, and Others. Based on Type, the market is segmented into Synthetic, Semi-Synthetic, Water-Soluble, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

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 Country (Volume, Kilo Tonnes, USD Million, 2019-2030)

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

  • 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

  • Exhaustive coverage
  • The 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 Asia Pacific Grinding Fluids Market, by Application
1.4.2 Asia Pacific Grinding Fluids Market, by Type
1.4.3 Asia Pacific Grinding Fluids Market, by Country
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. Asia Pacific Grinding Fluids Market by Application
4.1 Asia Pacific Disk Drivers Market by Country
4.2 Asia Pacific Lubricate Machine Tools Market by Country
4.3 Asia Pacific Metal Substrates Market by Country
4.4 Asia Pacific Silicon Wafer Market by Country
4.5 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Grinding Fluids Market by Type
5.1 Asia Pacific Synthetic Market by Country
5.2 Asia Pacific Semi-Synthetic Market by Country
5.3 Asia Pacific Water-Soluble Market by Country
5.4 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Grinding Fluids Market by Country
6.1 China Grinding Fluids Market
6.1.1 China Grinding Fluids Market by Application
6.1.2 China Grinding Fluids Market by Type
6.2 Japan Grinding Fluids Market
6.2.1 Japan Grinding Fluids Market by Application
6.2.2 Japan Grinding Fluids Market by Type
6.3 India Grinding Fluids Market
6.3.1 India Grinding Fluids Market by Application
6.3.2 India Grinding Fluids Market by Type
6.4 South Korea Grinding Fluids Market
6.4.1 South Korea Grinding Fluids Market by Application
6.4.2 South Korea Grinding Fluids Market by Type
6.5 Singapore Grinding Fluids Market
6.5.1 Singapore Grinding Fluids Market by Application
6.5.2 Singapore Grinding Fluids Market by Type
6.6 Malaysia Grinding Fluids Market
6.6.1 Malaysia Grinding Fluids Market by Application
6.6.2 Malaysia Grinding Fluids Market by Type
6.7 Rest of Asia Pacific Grinding Fluids Market
6.7.1 Rest of Asia Pacific Grinding Fluids Market by Application
6.7.2 Rest of Asia Pacific 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

Companies Mentioned

  • 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

Methodology

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