Argentina Grinding Fluids Market Size & Outlook, 2022-2030
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Argentina grinding fluids market highlights
- The Argentina grinding fluids market generated a revenue of USD 10.5 million in 2022 and is expected to reach USD 13.9 million by 2030.
- The Argentina market is expected to grow at a CAGR of 3.6% from 2023 to 2030.
- In terms of segment, synthetic was the largest revenue generating type in 2022.
- Water Soluble is the most lucrative type segment registering the fastest growth during the forecast period.
Grinding fluids market data book summary
| Market revenue in 2022 | USD 10.5 million |
| Market revenue in 2030 | USD 13.9 million |
| Growth rate | 3.6% (CAGR from 2023 to 2030) |
| Largest segment | Synthetic |
| Fastest growing segment | Water Soluble |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Argentina accounted for 1.6% of the global grinding fluids market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil grinding fluids market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 17.7 million by 2030.
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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 |
Argentina 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.
Synthetic was the largest segment with a revenue share of 38.1% in 2022. Horizon Databook has segmented the Argentina grinding fluids market based on semi synthetic, synthetic, water soluble, other types covering the revenue growth of each sub-segment from 2018 to 2030.
As per OECD (Organization for Economic Co-operation and Development), the economic slowdown at the end of 2022 resulted in contraction of GDP by 1.2% in 2023 and is expected to recover by 1.1% in 2024.
The overall exports also dropped in 2022 with a significant slowdown in manufacturing sector in Argentina owing to weak government policies and poor performance of Argentina’s economy.
This has further led to an overall slowdown in the grinding fluids market in the country.
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Our clientele includes a mix of grinding fluids market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina grinding fluids market , including forecasts for subscribers. This country databook contains high-level insights into Argentina grinding fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina grinding fluids market size, by type, 2018-2030 (US$M)
Argentina Grinding Fluids Market Outlook Share, 2022 & 2030 (US$M)
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