According to the research report titled ‘Europe Metalworking Fluids Market Size, Share and Industry Analysis Report by Product (Synthetic Fluid, Semi-synthetic, Neat Oil, Soluble Oil), Application (Removal Fluids, Forming Fluids, Protecting Fluids, Treating Fluids) and End-user (Automotive, Aerospace, Construction, Electrical & Power, Agriculture, Marine, Healthcare), Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, Europe metalworking fluids market is set to grow at a notable pace over the estimated timeline.

As per report findings, expanding automotive sector is acting as a major impetus to Europe metalworking fluids market growth.

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For the unversed, metalworking fluids are used in manufacturing processes to ensure reduced tool wear, improved workpiece quality, and high process productivity. Expanding product applications across various sectors including healthcare, automotive, marine, aeronautics, and general mechanics has significantly boosted market remuneration.

Based on product type, neat oils segment is slated to surge at a CAGR of 5.6% over the review period. Notably, neat oils are also known as straight oils since they are used in machining operations in an undiluted form.

Considering the application scope of Europe metalworking fluids industry, the protecting fluids segment is on track to deliver 5.5% CAGR over the analysis timeline, primarily driven by their characteristic of preventing damage during outdoor and indoor storage.

In terms of end-user spectrum, healthcare sector is touted to bolster at about 4% CAGR over 2021-2027. Healthcare equipment require the use of high-quality metals and metal processing procedures to meet strict standards, which is expected to propel segmental development in the upcoming years.

From a geographical perspective, France market is poised to witness sturdy growth at a pace of around 5.8% CAGR throughout the study period, on account of heavy investment inflow in automotive production in the country.

Prominent players in Europe metalworking fluids market are ANGUS Chemical Co., Sinopec, Eastman Chemical Co., Idemitsu Kosan Co. Ltd., Chemetall GmbH, Henkel AG & Co. KGaA, Dow Chemical Co., Quaker Chemical Corp., TOTAL Energies SA, Lubrizol Corp., Clariant AG, Lukoil Lubricants, Exxon Mobil Corp., and Castrol Ltd.