Middle East & Africa Grinding Fluids Market Size & Outlook
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MEA grinding fluids market highlights
- The MEA grinding fluids market generated a revenue of USD 21.1 million in 2022.
- The market is expected to grow at a CAGR of 3.3% from 2023 to 2030.
- In terms of segment, water soluble was the largest revenue generating type in 2022.
- Water Soluble is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 21.1 million |
| Market revenue in 2030 | USD 27.3 million |
| Growth rate | 3.3% (CAGR from 2023 to 2030) |
| Largest segment | Water soluble |
| Fastest growing segment | Water Soluble |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Semi Synthetic, Synthetic, Water Soluble, Other Types |
| Key market players worldwide | Benz Oil, Carborundum Universal, BP Castrol KK, CGF Solutions, EnviroServe Chemicals, ETNA Products Inc, ExxonMobil, Fuchs SE ADR (Representing Pref. Shares), Lincoln Chemical, Sun Chemical, TotalEnergies SE |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.2% of the global grinding fluids market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 412.1 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Grinding Fluids Market Scope
Grinding Fluids Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Lincoln Chemical | View profile | 11-50 | Elkhart, Indiana, United States, North America | https://www.lincolnchemical.com/ |
| ETNA Products Inc | View profile | 11-50 | Chagrin Falls, Ohio, United States, North America | https://etna.com |
| EnviroServe Chemicals | View profile | 11-50 | Dunn, North Carolina, United States, North America | https://www.enviroservechemicals.com |
| CGF Solutions | View profile | - | Parsons, Kansas, United States, North America | https://cgf.solutions/ |
| Benz Oil | View profile | 251-500 | Milwaukee, Wisconsin, United States, North America | https://www.benz.com/ |
| Carborundum Universal | View profile | 1001-5000 | Chennai, Tamil Nadu, India, Asia | https://www.cumi-murugappa.com/ |
| ExxonMobil | View profile | 10001+ | Irving, Texas, United States, North America | https://corporate.exxonmobil.com |
| Sun Chemical | View profile | 5001-10000 | Parsippany, New Jersey, United States, North America | http://sunchemical.com |
| BP Castrol KK | View profile | 107 | 1-11-2 Osaki Shinagawa-ku, Gate City Osaki, East Tower 20F, Tokyo, Japan, 141-0032 | http://www.bpcastrol.com |
| Fuchs SE ADR (Representing Pref. Shares) | View profile | 6338 | Einsteinstraße 11, Mannheim, Germany, 68169 | https://www.fuchs.com |
| TotalEnergies SE | View profile | 100000 | 2, Place Jean Millier, La Defense 6, Courbevoie, France, 92400 | https://www.totalenergies.com |
Middle East & Africa grinding fluids market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to grinding fluids market will help companies and investors design strategic landscapes.
Water soluble was the largest segment with a revenue share of 34.6% in 2022. Horizon Databook has segmented the Middle East & Africa grinding fluids market based on semi synthetic, synthetic, water soluble, other types covering the revenue growth of each sub-segment from 2018 to 2030.
The grinding fluids market in the Middle East & Africa is expected to experience growth due to the expansion of mining activities and increasing demand from the electronics industry. Africa, in particular, possesses approximately 30% of the world's mineral reserves and has significant deposits of crude oil.
The rise in oil extraction activities across the continent is projected to drive the need for grinding fluids used in mining machinery.
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Target buyers of Middle East & Africa grinding fluids market databook
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Our clientele includes a mix of grinding fluids market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa grinding fluids market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa grinding fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA grinding fluids market size, by country, 2018-2030 (US$M)
Middle East & Africa Grinding Fluids Market Outlook Share, 2022 & 2030 (US$M)
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