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In the metals and minerals sector, metalworking fluids (MWFs) play a vital role in the manufacturing process of various metallic components. These fluids are used during the machining, cutting, shaping, and grinding of metals to reduce friction and heat, thus prolonging the life of cutting tools and enhancing the quality of the workpiece. They serve as coolants and lubricants and help in removing metal chips from the tool-work interface. The metalworking fluids market comprises different types of fluids, including oils, emulsions, pastes, gels, and aerosols that are designed to cater to various properties required for specific metalworking processes. These fluids also offer protection against corrosion for both the machinery and the workpieces. They are widely used in industries such as automotive, aerospace, machinery, and metal fabrication. The market for metalworking fluids is closely tied to the performance of the manufacturing sector, with developments in technology and environmental regulations influencing product compositions and usage.
Notable companies within the metalworking fluids market include Houghton International Inc., BP plc (Castrol), Exxon Mobil Corporation, Chevron Corporation, and Fuchs Petrolub SE. These industry players engage in the production and supply of a diverse range of fluids tailored to meet the requirements of various metalworking applications. They focus on innovation to deliver environmentally friendly and sustainable products, meeting stringent industry standards while also providing ancillary services such as fluid management and recycling for their clientele. Show Less Read more