The Poland Metalworking Fluids (MWFs) market size is expected to reach USD 103.1 million by 2030, expanding at a CAGR of 2.9% during the forecast period, as per a new report by the publisher. The growth is majorly driven by the rising consumption of MWFs in transport equipment and machinery.
Poland is a member of NATO and is committed to spending around 2% of its GDP on defense and 20% of its defense spending on infrastructure and defense equipment. Hence, the increase in spending on domestic manufacturing of military equipment including battle tanks, fighter planes, rocket systems, and fighter jets will further drive the demand for MWFs in their manufacturing.
Poland is an important and dynamic market located in Central Europe. As per International Trade Administration, the increasing population in the country along with decreasing unemployment rate (3.4% in 2021 and 2.9% in 2022) and increasing disposable income has increased luxury spending among people. This is further driving the market for automobiles which is further expected to fuel the market for MWFs.
The major factor restraining the growth of the MWF market is the rising environmental concerns regarding MWFs. Since metalworking fluids are often used in large quantities, they can become hazardous waste when no longer in use. Disposal of these fluids without proper treatment or management can pose additional environmental risks. The waste fluids may contain toxic substances, heavy metals, or other pollutants that can contaminate landfills or seep into groundwater if not handled properly. Moreover, the production, transportation, and disposal of MWFs consume energy and contribute to carbon emissions. Hence, the extraction of raw materials, manufacturing processes, and packaging all contribute to the carbon footprint associated with these fluids.
Increasing demand from MWFs from end-use industries has encouraged the market players to increase their footprint and product range to serve a broader industry segment. Some of the major companies actively operating in the MWFs market include CIMCOOL EUROPE; Henkel Corporation; Master Fluid Solutions; Oemeta Inc.; ExxonMobil Corporation; Blaser Swisslube’ and Quaker Chemical Corporation.
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Poland is a member of NATO and is committed to spending around 2% of its GDP on defense and 20% of its defense spending on infrastructure and defense equipment. Hence, the increase in spending on domestic manufacturing of military equipment including battle tanks, fighter planes, rocket systems, and fighter jets will further drive the demand for MWFs in their manufacturing.
Poland is an important and dynamic market located in Central Europe. As per International Trade Administration, the increasing population in the country along with decreasing unemployment rate (3.4% in 2021 and 2.9% in 2022) and increasing disposable income has increased luxury spending among people. This is further driving the market for automobiles which is further expected to fuel the market for MWFs.
The major factor restraining the growth of the MWF market is the rising environmental concerns regarding MWFs. Since metalworking fluids are often used in large quantities, they can become hazardous waste when no longer in use. Disposal of these fluids without proper treatment or management can pose additional environmental risks. The waste fluids may contain toxic substances, heavy metals, or other pollutants that can contaminate landfills or seep into groundwater if not handled properly. Moreover, the production, transportation, and disposal of MWFs consume energy and contribute to carbon emissions. Hence, the extraction of raw materials, manufacturing processes, and packaging all contribute to the carbon footprint associated with these fluids.
Increasing demand from MWFs from end-use industries has encouraged the market players to increase their footprint and product range to serve a broader industry segment. Some of the major companies actively operating in the MWFs market include CIMCOOL EUROPE; Henkel Corporation; Master Fluid Solutions; Oemeta Inc.; ExxonMobil Corporation; Blaser Swisslube’ and Quaker Chemical Corporation.
Poland Metalworking Fluids Market Report Highlights
- The mineral MWFs segment dominated the market accounting for a revenue share of 38.2% in 2022 and is projected to grow at a CAGR of 2.7% from 2023 to 2030, owing to their wide usage due to their easy availability and cost efficiency
- Mineral-based MWFs in Poland serve aerospace, electricity, rail, and marine industries owing to increasing government spending
- The water-cutting oil application segment is anticipated to grow at the highest CAGR of 3.1% from 2023 to 2030, in terms of revenue, owing to their high compatibility with a wide range of materials commonly used in metalworking
- The machinery end-use segment accounted for a revenue share of 39.2% in 2022 and is projected to grow at a CAGR of 2.9% from 2023 to 2030, owing to the wide usage of machinery in different industrial application like construction, rail, automobile, and electricity & power
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Table of Contents
Chapter 1 Methodology And Scope
Chapter 2 Executive Summary
Chapter 3 Poland Metal Working Fluids Market Variables And Trends
Chapter 4 Poland Metal Working Fluids Market: Product Form Estimates & Trend Analysis
Chapter 5 Poland Metal Working Fluids Market: Application Estimates & Trend Analysis
Chapter 6 Poland Metal Working Fluids Market: End-use Estimates & Trend Analysis
Chapter 7 Poland Metal Working Fluids Market: Industrial End-use Estimates & Trend Analysis
Chapter 8 Poland Metal Working Fluids Market: Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- CIMCOOL EUROPE
- Henkel Polska Sp. z o. o
- Master Fluid Solutions.
- Oemeta Inc.
- Exxon Mobil Corporation
- Blaser Swisslube
- Quaker Chemical Corporation.
- FUCHS
- China Petroleum & Chemical Corporation.
- PCC Group.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 93 |
| Published | June 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 82 Million |
| Forecasted Market Value ( USD | $ 103.1 Million |
| Compound Annual Growth Rate | 2.9% |
| Regions Covered | Poland |
| No. of Companies Mentioned | 10 |
