Cutting oils is a type of lubricant used as a metalworking fluid in several industrial applications.
Metalworking fluids are specifically designed for increasing the durability of cutting tools and to
prevent wear & tear. The primary application of cutting fluids is to regulate the temperature by
cooling. The cutting oil is applied during the machining operations as it removes heat by carrying it
away from the workpiece interface. Cutting oils also act as a lubricant and lubricate the workpiece
interface. Removal of particulates and chips/metal fines, etc. is also one of the applications
performed by cutting oils. Cutting oils are essential in the machining process as excess heat
produced during the machining process makes the machine quite prone to wear and tear. Thus,
cutting oils play a major role in many of the industrial applications. The composition of cutting oils
varies widely depending upon the type of machining process they are used in. They are generally
made from natural/synthetic base oils and depending upon the machining application they are put
in, certain additives are added to customize their properties. Thus, cutting oils are designed to
increase the productivity of machines and the metal working process. Cutting oils find applications
in several industrial applications, including the automobile industry. Demand from these industries
is anticipated to boost the demand for cutting oils over the forecast period.
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Cutting Oils Market: Dynamics
Cutting oils find applications in several industrial applications where they play a critical role in
increasing productivity and reducing wear & tear, thereby increasing the life of equipment and
related parts. Several types of cutting oils are available in the market for a vast range of
applications. Therefore, increasing demand for cutting oils owing to several applications in
machining industries is anticipated to augment the growth of cutting oils over the forecast period.
Furthermore, advancements in the development of equipment across various industry verticals and
growing severe metal working process will also led to rise in demand for cutting oils. Nowadays,
equipment manufacturers are more focused on increasing productivity alongside reducing cost,
which will promote the use of high quality cutting oils. That apart, increasing industrialization
across developing countries, rebound growth in the automobile industry and upgradation to new
technologies in sectors, such as metals, manufacturing process, energy etc. will also boost the
demand for cutting oils over the forecast period.
Base oils used in cutting oils are extracted from crude oil. Ongoing volatility of the prices of crude
oil may affect the demand for cutting oils and may also hinder the rise in demand. Furthermore,
cutting oils pose a hazard to certain metals and can also affect humans if not handled properly. That
apart, disposing cutting oils and other metal working fluids is also a big problem as they are
insoluble and can cause soil contamination and other problems. These are some of the factors which
are anticipated to hinder the growth of cutting oils market in near future.
Rapid development and increasing innovation in equipment used in several industries has led to
severe metal working processes. Also, demand from different machine shops has also led to the
development of different kinds of cutting oils based on process/equipment requirement. Metal
working fluids manufacturers are, thus, focused towards R&D to cater to the growing demand for a
varied range of cutting oils. Furthermore, owing to disposability issues of cutting oils, shops are
now getting inclined towards bio-based cutting oils. Along with this, cutting oils manufacturers are
investing in R&D to develop methods to reuse cutting oils to reduce their overhead costs. These are
some of the key trends being witnessed in the cutting oils market.
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Cutting Oils Market: Segmentation
Cutting oils market can be segmented on the basis of type and by product. On the basis of type, the
cutting oils market can be segmented into water soluble cutting oils and neat cutting oils. On the
basis of product, the cutting oils market can be segmented into mineral, bio-based and synthetic
cutting oils.
Cutting Oils Market: Regional Outlook
Asia Pacific is expected to dominate the cutting oils market over the forecast period owing to robust
demand from the manufacturing sector, especially in countries, such as China and India. Also,
demand from the automobile industry is expected to boost the demand for cutting oils in the region.
North America is also anticipated to register significant growth owing to the growth in demand
from the automobile industry. Furthermore, the strong base of automobile and manufacturing
industries in Europe is also expected to witness steady growth and thus, add to the growth of cutting
oils market in the region. Latin America and Middle East & Africa are expected to show marginal
but steady growth.
Cutting Oils Market: Key Participants
Examples of some of the market participants in the global Cutting Oils market areExxon Mobil Corporation.
Pro Oils
Houghton International Inc.
Total S.A.
Chevron Corporation
Indian Oil Corporation Ltd
Quaker Chemical Corporation
Fuchs
Eni S.p.A
Blaser Swisslube
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