According to a new report, published by KBV research, The Global Grinding Fluids Market size is expected to reach $889.1 million by 2030, rising at a market growth of 3.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 235.19 Kilo Tonnes experiencing a growth of 3.6% (2019-2022).
The Disk Drivers segment is generating the highest revenue in the Global Grinding Fluids Market by Application in 2022; thereby, achieving a market value of $274 million by 2030. This is because grinding fluids play a crucial role in manufacturing disk drivers, particularly in producing drive platters. Disk drivers, such as hard disk drives (HDDs), rely on precise and efficient grinding processes to shape and refine the drive platters, which house the magnetic media for data storage. These fluids have significant cooling properties crucial for dissipating the heat generated during the high-speed grinding of disk drivers. It helps maintain stable temperatures of the machinery, thereby safeguarding the workpieces and the grinding wheels from potential damage caused by its operation.
The Semi-Synthetic segment is experiencing a CAGR of 4.3% during (2023 - 2030). It is a blend of synthetic and mineral oil-based components, resulting in a fluid that combines the best properties of both types. The synthetic portion comprises carefully selected additives, emulsifiers, and surfactants, which enhance lubricity, cooling, and corrosion resistance. Meanwhile, the mineral oil base provides excellent chip-carrying and flushing capabilities. One of the key advantages of the product is improved lubrication. The synthetic components in these fluids offer superior lubrication properties, reducing friction between the grinding wheel and the workpiece. This reduction in friction leads to reduced tool wear, improved surface finish, and enhanced dimensional accuracy in grinding operations.
The North America region dominated the Global Grinding Fluids Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $213.7 million by 2030. The Asia Pacific market is anticipated to grow a CAGR of 4% during (2023 - 2030). Additionally, The Europe market would witness a CAGR of 3.4% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/grinding-fluids-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Benz Oil, Inc. (AMSOIL INC.), Carborundum Universal Limited (Murugappa Group), Castrol Ltd. (BP P.L.C.), Cutting & Grinding Fluids, Inc., EnviroServe Chemicals, Inc., ETNA Products, Incorporated, Exxon Mobil Corporation, FUCHS Petrolub SE, Lincoln Chemical Corporation, and TotalEnergies SE.
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Type (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)
Companies Profiled
Unique Offerings 
