Latin America Grinding Fluids Market Size & Outlook
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Latin America grinding fluids market highlights
- The Latin America grinding fluids market generated a revenue of USD 31.3 million in 2022.
- The 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 31.3 million |
| Market revenue in 2030 | USD 41.5 million |
| Growth rate | 3.6% (CAGR from 2023 to 2030) |
| Largest segment | Synthetic |
| 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, Latin America region accounted for 4.7% 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.
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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 |
Latin America 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 38.02% in 2022. Horizon Databook has segmented the Latin America grinding fluids market based on semi synthetic, synthetic, water soluble, other types covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America has significant agricultural resources. Brazil and Argentina are two of the major producers and exporters of a wide variety of agricultural products including sugarcane, soybean, soy oil, and soy meal.
The demand for grinding fluids in the machinery sector is driven by the expansion of agricultural irrigation systems in Argentina and Colombia, which has led to an increase in the production of agriculture and irrigation equipment in Central & South America.
Moreover, the growing automobile production in Argentina and Brazil is one of the major factors driving the grinding fluids industry in the region.
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Target buyers of Latin America 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 Latin America grinding fluids market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America grinding fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America grinding fluids market size, by country, 2018-2030 (US$M)
Latin America Grinding Fluids Market Outlook Share, 2022 & 2030 (US$M)
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