futurechemical on GETTR : Metalworking Fluids Market Size, Share, Demand, Growth & Trends by 2031
The metalworking fluids market is anticipate...
Metalworking Fluids Market Size, Share, Demand, Growth & Trends by 2031
The metalworking fluids market is anticipated to poise absolute dollar opportunity in the global market as it totaled revenue of US$ 9.6 Bn in 2021, expanding at a steady CAGR of 3.7%. Demand for removal fluids is projected to rise at 3.5% to the top 1,354,497 Tons in terms of volume, while the forming fluids segment is expected to grow at 2.7% to a total of 772,256 Tons.
From 2016-2020, the demand for metalworking fluids grew at 1.0% CAGR. A damped sales outlook was witnessed during those years due to the ongoing economic slowdown induced by the COVID-19 outbreak.
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