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.
This story is from the March 2023 edition of Manufacturing Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 2023 edition of Manufacturing Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Multiphysics modelling in manufacturing
Multiphysics modelling is transforming manufacturing processes by improving precision and efficiency, as highlighted in the recent Manufacturing Today webinar, 'Multiphysics Modeling of Manufacturing Processes Using COMSOL\".
Revolutionising the automotive industry: Embracing 14.0 with AI & IOT
Advanced robotics is expected to handle 75% of production tasks by 2025, and AI-powered systems are improving quality control and reducing human intervention.
Adopting green chemistry
Adopting green chemistry is key for Indian manufacturers to drive sustainability and enhance their competitive edge.
A cleaner future for coolants
From extending equipment life to minimising environmental impact, the latest innovations in coolants and lubricants are redefining their role, transforming manufacturing in both operational and sustainable ways.
Forging growth and innovation
Kirloskar Ferrous Industries (KFIL) is driving growth in alloy steel and casting by advancing India's foundry and manufacturing capabilities, aiming to reach $2 billion by 2030. Sujatha Vishnuraj, Editor, Manufacturing Today in conversation with Ravindranath Gumaste, MD, KFIL, to know more about the company's commitment to sustainability and growth.
From Locksto Liftoff
A journey that began with a modest lock manufacturing unit has now evolved into one of India's premier multinational conglomerates.
Top 10 digital transformation strategies for manufacturing
In today's rapidly changing industrial landscape, digital transformation is critical for manufacturing companies aiming to increase efficiency, remain competitive, and enhance customer satisfaction.
Analytics in action
Advances in IoT and automation are transforming the testing, measurement and instrumentation industry, resulting in operational efficiency, data accuracy, and sustainability practices.
ITL-CFC 50: Revolutionising metalworking with high-precision cutting, facing, and chamfering
The ITL-CFC 50 Cutting Facing Chamfering Machine stands out as a highly efficient solution for metalworking industries, offering cutting-edge technology for precision operations.
MRF opens new Tyredrome service centre in Mumbai
The Tyredrome of MRF is manned and run by engineers and technicians trained at MRF.