China 2025 places higher demand on metalworking lubricants
Jun 27, 2018
China’s initiative to become a worldwide manufacturing leader has taken off and is already shaping the projections of the metalworking fluid (MWF) industry. “Made in China 2025” hopes for China to achieve self-sufficiency through technology while becoming a manufacturing hub that dominates the global market in high-tech industries. This blueprint’s objective is to transform China from a labor-intensive economy into one that engineers innovative technical products.
For the lubricants industry, this means a drive toward advanced and sustainable product demand. Plus, the strengthening of environmental laws and regulations, and enhanced consumer awareness of environmental protection is gaining traction. More chemical substances are being banned, generating a greater need for safer, more environmentally friendly and biostable technology.
The development of metalworking processes is also forcing MWFs to be more multifunctional to meet the diverse needs of customers. This “one-size-fits-all” approach is becoming more prevalent and will influence MWF manufacturers’ product development. Learn more about how China’s 10-year initiative will impact the global lubricants industry here.
Why should you care?
The Made in China 2025 initiative maps out how big of a player this country will continue be in the lubricants industry. China’s trends will likely influence the entire lubricants industry as they strive to become a manufacturing superpower.