The mounting fluids market is estimated to grow at a CAGR of 7.50% during the forecast period (2025-2030).
Mounting fluid is a specialized solution used in microscopy and specimen preparation. It is employed to embed specimens beneath a cover glass, providing support and protection. The fluid enhances clarity, prevents distortion, and allows for better visualization of the specimen under a microscope for its users. The end users of the mounting fluids market include construction, automotive, power & energy, manufacturing, and other industries. The rise of sectors like automotive and manufacturing activities are the prominent drivers to boost the mounting fluids market size.
Mounting fluids are extensively utilized in automotive applications for quality control, inspection, and research purposes, and with the increasing complexity of automotive components the need for microscopic examination, enabling detailed inspection of materials, coatings, and components has become necessary. Booming automotive production coupled with a continuous focus on improving product performance along with stringent quality standards, drives the demand for high-quality mounting fluids. According to the International Trade Administration, China’s domestic automotive production will reach 35 million vehicles by 2025. As per the same source, in 2021, China witnessed sales of over 26 million vehicles, including 21.48 million passenger vehicles, a 7.1% increase from 2020.
The power and energy sectors are growing due to the increasing global demand for electricity and the transition towards renewable energy sources. Mounting fluids play a vital role in the inspection, quality control, and maintenance of components such as turbines, transformers, and generators. The increasing focus on efficiency, reliability, and safety in the power and energy industry has provided a positive outlook for the growth of the mounting fluids market. According to the Department of Energy, in 2022, the United States witnessed continued growth in the size and power of wind turbines, with the average nameplate capacity of newly installed turbines reaching 3 MW. This represents a significant 9% increase compared to the capacity in 2020.
In the manufacturing industry, mounting fluids are essential for sample preparation, quality control, and inspection processes. Favorable investment, and government schemes coupled with high demand has increased the manufacturing output in countries thereby booming the mounting fluid industry growth. According to the Indian Brand Equity Foundation, On April 1, 2020, the Indian government notified the Production Linked Incentive (PLI) scheme for large-scale electronics manufacturing which aimed to promote substantial investments in the manufacturing of mobile phones and specific electronic components. According to the report of the Republic of South Africa, in 2022, the manufacturing industry in South Africa exhibited a notable growth of 4.9%, making a significant contribution of 0.6 percentage points to the overall GDP expansion.
Asia Pacific is expected to be a dominant player owing to the rapid industrialization, and technological advancements that have increased output in the automotive, electronics, and energy sectors. According to the OICA, in 2022, South Korea's motor vehicle production reached a total of 3,757,049 units, indicating a notable 9% increase compared to the previous figure of 3,462,404 units recorded in 2021. Additionally, according to the Indian Wind Turbine Manufactures Association, in March 2023, India's wind energy sector has an installed capacity of 42,633 MW.
As technology continues to advance, there is the potential for alternative methods to emerge for mounting and securing objects, which could have an impact on the demand for traditional mounting fluids. For example, the ongoing development of adhesive technologies offers new possibilities for bonding and attaching objects without the need for fluid-based mounting solutions. Similarly, advancements in 3D printing techniques enable the creation of complex and customized structures, reducing the reliance on traditional mounting methods. These alternative approaches have the potential to disrupt the mounting fluid market by providing innovative and cost-effective solutions.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Growth Rate | CAGR of 7.50% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in Mounting Fluids Market |
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| Customization Scope | Free report customization with purchase |
Mounting Fluids Market Segmentation