EFFICIENT OPERATIONS DEPEND ON PROPER cooling of both the workpiece and tools to eliminate the negative effects of heat. Coolants and lubricants play a crucial role in the performance and longevity of industrial machinery. As such, cooling is a crucial parameter that cannot be overlooked in various processes. They are essential components in the manufacturing industry, providing thermal stability, corrosion protection and friction reduction to the machinery. Both coolants and lubricants offer protection to a cutting tool. Coolants take away the heat generated during the machining process, which increases the life of the cutting tool. Lubricants, on the other hand, reduce friction between two mobile parts during machining, which prevents raw tears.
In recent years, the market for coolants and lubricants has seen significant changes in terms of trends and technologies. What's new and next for metalworking fluids? What are the regulations and localized needs governing MWFs when they are being used? And, what innovations in tooling and in manufacturing overall will take root that might change the very nature of cooling? THE MARKET From a market perspective, the metalworking fluids market is expected to grow globally to $15 billion by 2025, according to Global Market Insights, a research firm and consultancy. In 2020, the Indian automotive coolant market had a value of approximately USD 63 million, but it is projected to increase to over USD 140 million with a compound annual growth rate of about 8% during the forecast period.
The COVID-19 pandemic negatively impacted the market due to a sharp decline in demand for automobiles and suspension of vehicle production during the lockdown period to maintain social distancing guidelines and prevent the spread of the virus. However, as the economy gradually reopens, demand is gradually increasing, and the market is expected to recover in the latter half of 2021.
Diese Geschichte stammt aus der March 2023-Ausgabe von Manufacturing Today.
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Diese Geschichte stammt aus der March 2023-Ausgabe von Manufacturing Today.
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