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NEW YORK , Dec. 15, 2024 /PRNewswire/ -- The global metalworking fluids market size is estimated to grow by USD 2.08 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 3.2% during the forecast period. For comprehensive forecast and historic data on regions,market segments, customer landscape, and companies- Click for the snapshot of this report Report Attribute Details Base Year 2023 Forecast period 2024-2028 Historic Data for 2018 - 2022 Segments Covered End-user (Construction, Automobile, Aerospace, Electrical and power, and Others), Product (Mineral, Synthetic, and Bio-based), and Geography (APAC, North America, Europe, Middle East and Africa, and South America) Key Companies Covered Abitec, AMILE Industries Pvt. Ltd, Apar Industries Ltd., Arabian Petroleum Ltd., BASF SE, Benz oil Inc., Callington Haven Pty Ltd, Carborundum Universal Ltd., Chevron Corp., Exxon Mobil Corp., FUCHS SE, Gandhar Oil Refinery India Ltd., GP Global, Grauer and Weil India Ltd., Illinois Tool Works Inc., Lonza Group Ltd., Master Fluid Solutions, Saudi Arabian Oil Co., Sun Chem Pvt Ltd., and Victory Polychem Pvt. Ltd, Quaker Houghton, BP p.l.c., TotalEnergies SE, FUCHS, Idemitsu Kosan Co., Ltd., Chem Arrow Corporation, LUKOIL, China Petroleum & Chemical Corporation (SINOPEC), Valvoline Inc., Houghton International, Blaser Swisslube AG, Kuwait Petroleum Corporation. Regions Covered APAC, North America, Europe, Middle East and Africa, and South America Region Outlook 1. APAC - APAC is estimated to contribute 39%. To the growth of the global market. The Metalworking Fluids Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. The APAC metalworking fluids market is experiencing consistent growth due to the expansion of the manufacturing and industrial sectors in countries like China , India , Japan , and South Korea . These regions, known for their automotive, aerospace, and machinery industries, are key contributors to the market. Manufacturers are focusing on enhancing machining efficiency and extending tool life, leading to increased demand for high-performance metalworking fluids. In response to environmental regulations, water-based fluids are becoming increasingly popular. However, synthetic fluids continue to gain traction for specialized applications. Major players in the APAC market include Exxon Mobil, Chevron, and FUCHS, offering a range of cutting fluids, lubricants, and corrosion inhibitors. For more insights on APAC's significant contribution along with the market share of rest of the regions and countries - Download a FREE Sample Segmentation Overview Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: The global metalworking fluids market is primarily driven by the construction industry, which utilizes these fluids for various applications such as machining, cutting, and shaping metal components. In construction, cutting and grinding fluids are essential for metal fabrication in steel beam cutting, concrete surface grinding, and metal component shaping. Hydraulic fluids are crucial for heavy machinery like excavators and bulldozers, ensuring efficient operation and preventing metal component wear and tear. Notably, India's urbanization trend predicts that urban areas will house 40% of India's population and generate 75% of the country's GDP by 2030. This expansion of infrastructure projects, including bridges, buildings, and roadways, significantly increases the demand for metalworking fluids, making construction a significant end-user in the market's growth during the forecast period. Research Analysis The Metalworking Fluids market encompasses a wide range of fluids used in the manufacturing sector for machining and metalworking processes. These fluids, derived primarily from crude oil, include base oils, motor oils, and lubricants. They are essential for heavy industry machinery in various industries such as manufacturing, construction, transportation, and more. In the industrial lubricant market, metalworking fluids play a crucial role in primary ferrous and non-ferrous manufacturing processes. The aviation and marine industries also heavily rely on these fluids for their machinery. Factors driving the demand for metalworking fluids include population growth, increasing consumerism, product visibility, and the need for efficient manufacturing processes. Connectivity and infrastructure development further boost demand, while trade relations and the availability of roads are critical considerations for the market's growth. Market Overview Metalworking fluids, also known as MWFs, are essential liquids used in various industries for metalworking processes such as machining, forming, and forging. These fluids play a crucial role in reducing heat, preventing corrosion, and improving tool efficiency. The market for metalworking fluids is vast and diverse, spanning across sectors like agriculture, construction, automotive, aviation, and heavy industry machinery. In the agricultural sector, metalworking fluids are used in the manufacturing of agricultural equipment, ensuring high-yield production and efficient machinery operation. In the automotive industries, these fluids are employed in the production of automobile parts, ensuring smooth manufacturing processes and high-quality end products. The aviation industry relies on metalworking fluids for the production of aircraft and aircraft parts, ensuring the production of lightweight, durable, and safe components. In the construction sector, metalworking fluids are used in the manufacturing of heavy machinery and equipment, enabling the construction of infrastructure projects and large construction vehicles. The demand for metalworking fluids is driven by consumerism, population growth, and the need for increased process productivity. However, environmental issues and health concerns have led to the development of eco-friendly and non-toxic metalworking fluids. The market for metalworking fluids is expected to grow significantly in the coming years due to the increasing demand for transportation equipment, infrastructure development, and the need for improved workpiece quality and surface finish. Metalworking fluids are used in various industries, including drilling, forging, grinding, forming, and metal fabrication. They are also used in the production of base oils, gear oils, and motor oils. The chemical composition of metalworking fluids varies, depending on the specific application and the type of metal being worked. Metalworking fluids are used in various industries, including the manufacturing of iron structures, non-ferrous metals, and primary ferrous and non-ferrous metals. They are also used in the production of marine and railroad equipment, as well as in the automotive, aviation, and heavy machinery manufacturing industries. The use of metalworking fluids is essential for the production of high-performance metalworking fluids, which are used in the manufacturing of complex components and integrated circuits. These fluids help to improve tool efficiency, reduce tool wear, and ensure high-quality workpiece surfaces. However, the production and disposal of metalworking fluids can pose environmental and health concerns. Proper disposal of hazardous waste is crucial to minimize the impact on the environment and worker health. In conclusion, the metalworking fluids market is a dynamic and diverse industry that plays a crucial role in various sectors, including agriculture, construction, automotive, aviation, and heavy industry machinery manufacturing. The demand for metalworking fluids is driven by consumerism, population growth, and the need for increased process productivity. However, environmental and health concerns have led to the development of eco-friendly and non-toxic metalworking fluids, ensuring sustainable and safe production processes. Start exploring market insights by Download a FREE Sample Report in minutes! Key Topics Covered: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 11 Vendor Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/metalworking-fluids-market-39-of-growth-to-originate-from-apac-technavio-302331312.html SOURCE Technavio
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Alex Ovechkin has a broken left fibula and is expected to be out four to six weeks, an injury that pauses the Washington Capitals superstar captain’s pursuit of Wayne Gretzky’s NHL career goals record. The Capitals updated Ovechkin’s status Thursday after he was evaluated by team doctors upon returning from a three-game trip. The 39-year-old broke the leg in a shin-on-shin collision Monday night with Utah's Jack McBain, and some of his closest teammates knew it was not good news even before Ovechkin was listed as week to week and placed on injured reserve. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get updates and player profiles ahead of Friday's high school games, plus a recap Saturday with stories, photos, video Frequency: Seasonal Twice a week
Yesterday, the United States Bureau of Labor Statistics reported that the November Producer Price Index (PPI) rose 0.4%, higher than analysts’ expectation of 0.2%. The PPI rose 3% year over year — the biggest increase since February 2023. Higher-than-expected inflation in the United States has weighed on the global equity markets, with the S&P/TSX Composite Index falling 0.96% yesterday. The ongoing geopolitical tensions and threats of tariffs are causes of concern. Given the uncertain outlook, investors can strengthen their (Tax-Free Savings Account) by adding defensive stocks to avoid a decline in their contribution room in case of a steep correction. Against this backdrop, here are my three top picks. Waste Connections ( ) is a waste management company that has expanded its footprint in the United States and Canada through organic growth and strategic acquisitions. Supported by its solid underlying businesses and growth initiatives, the company has been driving its financials and stock prices at a healthier rate. Over the last 10 years, the company has returned around 515% at an annualized rate of 19.9%. Moreover, WCN continues its organic growth and strategic acquisitions to boost its financials. It is building several renewable natural gas (RNG) and resource recovery facilities, with the management projecting 12 RNG facilities to become operational in 2026. The company is also implementing technological advancements, such as robotics, optical sorters, and AI (artificial intelligence), which could improve employees’ safety and operating efficiency. Notably, the company has raised its at an annualized rate of around 14% since 2010. Considering all these factors, I believe WCN would be an excellent addition to your TFSA. Dollarama ( ) is another excellent defensive stock to have in your portfolio due to its consistent same-store sales, irrespective of the broader market conditions. Its superior direct-sourcing model and efficient logistics system allow it to offer various consumer products at attractive prices, thus enjoying healthy footfalls even during a challenging macro environment. The company focuses on expanding its store network and expects to increase its store count from 1,601 to 2,200 by the end of fiscal 2034. Dollarama also plans to build its second logistics hub and is working on acquiring land in Calgary, Alberta, for $46.7 million. The management is projecting a capital expenditure of $450 million to construct the facility, which the management expects to commission by the end of 2027. This facility would support its growth and improve operating efficiency. Further, Dollarama owns a 60.1% stake in Dollarcity, which has also planned to expand its store network from 588 to 1,050 by the end of 2031. Dollarama also owns an option that would allow it to increase its stake in Dollarcity to 70% by the end of 2027. Considering its solid underlying business and healthy growth prospects, I believe Dollarama would be an ideal addition to your TFSA in an uncertain outlook. Hydro One ( ) is a pure-play electricity transmission and distribution company, with 99% of its business rate regulated. With no material exposure to commodity price fluctuations, the company’s financials are less susceptible to broader market conditions, thus making it an excellent defensive bet. The has been expanding its rate base at an annualized rate of 5% for the last six years, boosting its financials and cash flows. Supported by its healthy cash flows, the company has raised its dividends at a 5% CAGR (compound annual growth rate) since 2016. Moreover, the demand for electricity is rising amid government policy changes favouring electrification, technological development, and increasing income levels, thus driving the demand for Hydro One’s services. The company is also expanding its asset base, with a $11.8 billion capital investment plan that it expects to invest between 2023 and 2027. Along with these investments, its continued focus on improving operating efficiencies could allow it to boost its financials and maintain its dividend growth in the coming years.COLUMBUS, Ohio -- Will Howard’s motivation heading into the most important game on Ohio State’s schedule is completely void of personal gain. He’s about to be the fourth quarterback of the Ryan Day era to play in The Game, but only one so far can say it has a win over Michigan. Joining Justin Fields on that list means something to too many people for him to fail next week, and he knows that. Because he’s been hearing about it ever since he got to Columbus. “This one’s for those guys who came back,” Howard said. “This one’s for Buckeye Nation. I feel it, man. I can just feel it. There’s been that hurt the last three years. This rivalry game was the first thing that I heard when I came here on my visit. Beat the team up north. It’s the first goal we have every single year.” Latest Ohio State Buckeyes news What Will Howard’s jabs at Curt Cignetti tell us about Ohio State football heading into Michigan week Ohio State’s seniors reveling in one last chance to beat Michigan: ‘This is what we came back for’ Buckeyes and Ohio State fans celebrate big win over Indiana with ‘Carmen Ohio’ (video) What Ohio State football coach Ryan Day said after win vs. Indiana So much of the way the Buckeyes’ roster has been constructed this season is a direct result of a veteran group of players, who could’ve gone pro but came back because they still lack a win over Michigan. For the past three years, the Wolverines have been responsible for what the Buckeyes failed to win — a Big Ten title — and twice kept them out of the College Football Playoff. They punctuated the third of those wins with a national title last season. Much of why that happened no longer exists in Ann Arbor. Sherrone Moore has taken over as head coach, essentially starting from scratch, which has led to a team that came into Week 12 still needing a win to even be bowl eligible. The future might again be bright after landing five-star quarterback Bryce Underwood , but the present has been a season-long nightmare. OSU can be the final nail in the coffin for what is essentially a lost season. In the process, it can finally release some emotions that’ve been building up for three seasons. That’s where Howard comes in, as the vessel charged with helping the program do so. “I want this for them so bad because they’ve been here,” Howard said. “I’ve seen it from a distance and I feel it and I’m a part of it now. I want this for me, too, but I want this for those guys. I want it for Coach Day to shut up the haters. Be able to go out there and say this is the Ohio State Buckeyes.” On paper, next week looks to be a blowout in the making. The 11-1 Buckeyes are expected to stamp their ticket to Indianapolis and continue their journey toward a potential national championship. Depending on how things go against Northwestern, the Wolverines will either be fighting for bowl eligibility or trying to avoid their first under .500 season in a non-pandemic year since 2014. But the great thing about college sports is that records don’t matter in rivalry games, and that gets to play itself out in the 2024 version of The Game. “It doesn’t matter what their record is,” Howard said. “I couldn’t care less.” Howard has a chance to make his mark in an Ohio State-Michigan game that’s arguably the most important of the Ryan Day era. He gets to be the guy that stops the bleeding and flip things back in the favor of the Buckeyes while sending a group of players out on a high note. “This rivalry game means everything,” Howard said. “I’m just honored to be able to be a part of it and I won’t take it lightly. This is the biggest game of our season and I’m looking forward to it.”Blinded by Headlights' Glare? You're Not Alone