OCEAN VIEW, Delaware, November 15, 2016 /PRNewswire/ -- Metalworking Fluids Market size is poised to exceed USD 14 billion by 2024; according to a new research report by Global Market Insights, Inc. (Logo: http://photos.prnewswire.com/prnh/20160418/799556-a ) Rapidly growing automotive industry is analyzed to be the key factor propelling the global metalworking fluids market size over the forecast timeframe. In 2015, the overall automobile industry was valued at over USD 600 billion and is estimated to exceed USD 900 billion over the next eight years. Request for a sample of this research report @https://www.gminsights.com/request-sample/detail/831 Metals are widely used in automobiles due to their physical and molecular stability and structural strength. Metalworking fluids are used as coolants in automotive applications including metal protecting, metal forming, metal removal and metal treating. Using metalworking fluids also increases the automobile part life by reducing wear & thermal deformation and increasing lubrication. This will consequently help to propel business growth over the projected timeframe. Metal fabrication industry is experiencing escalating growth and is likely to boost metalworking fluids market share by 2024, with 2015 volume being close 1.5 billion tons and projected to reach 2.3 billion tons by the end of 2024. Steel & metal are crucial components of aerospace, automobile, original equipment manufacturers (OEMs) and machinery. Various downstream process of steel & metal such as cutting, bending and assembling, which involves the usage of these fluids, ultimately resulting in industry growth. Stringent environmental regulations towards rising toxic leftover disposal may hamper metalworking fluids market share. Worker health risk concerns through these fluids may obstruct growth. Strong demand indicators of alloys such as aluminum in the automotive and aerospace industry may restrict product demand over the forecast timeframe, as these compounds do not demand metalworking fluids during the machining process.