Regional Coverage: Asia-Pacific, Europe, North America.
Electric vehicles (EVs), will soon be the leading category of vehicles sold in many parts of the world. EV manufacturing is different from internal combustion engine (ICE) manufacturing and the growth of the former will have a significant impact on the demand for metalworking fluids (MWFs). EV manufacturing will lead to a reduction in the number of components along with changes in manufacturing processes compared to ICE vehicles. This study will examine the impact of EV manufacturing on the MWF market besides providing an update on the overall market.
Scope
Size and segmentation for MWF in select markets by demand by major fluid type and end-use industry
Size and segmentation for MWFs employed in automotive (passenger vehicle) manufacturing by major fluid type
Identification of MWF-intensive auto-component manufacturing
Identification of metalworking processes affected by EV manufacturing
Future market for MWFs used in automotive manufacturing
Opportunities and challenges for MWF formulators and marketers
Comparison Between EV and ICE Vehicle Architecture.
Subscriber Benefits
This report serves as an excellent resource for manufacturers and formulators of MWFs to understand how the growing production of EVs will affect the MWF market. Specifically, this report assists subscribers by providing:
A snapshot of the MWFs market by major fluid type, and end-use application
An assessment of EV manufacturing and its impact on MWFs in terms of major processes and auto-parts
A summary of emerging opportunities arising from the unique component manufacturing requirements of EVs
Table of Contents
Introduction
Metalworking Fluids Market Overview
MWF market overview in 2023 by:
Demand in select country markets in key regions
Demand by fluid type (removal, forming, protecting, and treating fluids)
Demand by end-use industries
Competitive landscape
Emerging trends shaping MWF demand, and five-year forecast.
EV Manufacturing Overview
Concise description of key market developments that are driving EVs sales
Long-term (up to 2050) passenger vehicle sales/production projection.
Analysis of emerging EV manufacturing processes and the potential effects on hardware size and materials used
Identification of auto-components affected (eliminated/substituted/added) by EV manufacturing
Description of supply chains at a regional level for key auto parts impacted by the emobility trend
Impact of EVs on MWF
A regional overview of the automotive MWF market in 2050 under various scenarios including:
High EV impact scenario
Baseline EV impact scenario
Low EV impact scenario
Regional MWF demand forecast in automotive manufacturing in 2050
Impact on four major fluid types (removal, forming, protecting, and treating fluids) due to changes in the vehicle architecture
Impact at a regional level for player operating in engine/engine parts manufacturing, ICE transmission system, EV electric motor, EV transmission system/parts, and EV battery and housing
Opportunities and challenges by MWF type (removal, forming, protecting, and treating fluids)
NOTE: EVs in this report include only battery electric, hybrid electric, plug-in hybrid vehicles.