Metalworking Fluids Market Size, Share, Trends, Growth and Forecast 2030

Metalworking Fluids Market

Metalworking Fluids Market By Type (treating fluids, forming fluids, protecting fluids, and removal fluids), By End-use (transport equipment, machinery, primary non-ferrous, metal fabrication, and primary ferrous) By Region (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa) - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-1351 Status : Upcoming
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 10.25 Billion USD 14.08 Billion 3.98% 2022

Description

Global Metalworking Fluids Market: Overview

The global Metalworking Fluids Market size was worth around USD 10.25 Billion in 2022 and is predicted to grow to around USD 14.08 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 3.98% between 2023 and 2030.

Global Metalworking Fluids Market SizeRequest Free Sample

The range of liquids or oils that are used to lubricate or/and cool the metal work pieces while they are being ground, machined, milled, etc. is called the metal working fluids. To prevent smoking and burning when the work piece and the cutting tool are used metalworking fluids are utilized so that they can reduce the heat and friction. To be precise, the metalworking fluids are used to cool the tools so that they can last longer and the tool edge is lubricated which helps in making cleaner and faster cut.

The product demand is anticipated to be driven by increased demand for automotive and heavy industry machinery. Individual end-use sectors, such as machinery, metal fabrication, and transportation equipment, are driving the expansion of the Metalworking Fluids (MWFs) market. The most basic raw source utilized to make the product is crude oil. The crude oil is refined, treated, and blended to create the neat cutting oils, soluble oils, and corrosion-preventive oils that are sought. Base oil, derived from crude oil, is a primary raw material that accounts for approximately 40% of the total MWF cost

Global Metalworking Fluids Market: Segmentation

The global metalworking fluids market is segmented into its product type, end-use industry, and regions. On the basis of product type, the global market is segregated into treating fluids, forming fluids, protecting fluids, and removal fluids. Based on the end-use industry, the market is categorized into transport equipment, machinery, primary non-ferrous, metal fabrication, and primary ferrous. Region-wise, the global metalworking market is diversified into South America, Europe, North America, Asia-Pacific, and the Middle East and Africa.

Global Metalworking Fluids Market: Growth Factors

The global metalworking fluids market is expected to grow significantly in the coming years. This is owing to the factor that the automotive sector is growing significantly in the regions. The supporting initiatives taken by the government is also fueling the market growth. The volatility in the crude oil prices has impacted the base oil price that is used for the production of the metalworking fluids. There is a competitive advantage to the base oil suppliers due to the oversupply of the crude oil. Thus, the overall margins of the metalworking fluids market have improved. The products that are synthetic give the benefits such as wear resistance, excellent surface finish, and ability to increase tool life which in turn has increased the market demand in the end-user industries such as an automobile, automobile, and aerospace.

Metalworking Fluids MarketRequest Free Sample

Global Metalworking Fluids Market: Regional Analysis

The region that accounted for the major market share is Asia Pacific region. The increasing manufacturing sectors in the emerging countries such as Malaysia, China, and India are fuelling the market growth. The favorable government initiatives to develop the metalworking fluids market is also one of the reasons that are acting favorable to the market growth. The increased use of the metalworking fluids in the automotive sector also triggers the market growth. The North American metal working fluids market is expected to grow in the coming years owing to the high consumption of the product in the automobile sector. The robust automobile industry manufacturing base in the countries such as Russia and Germany is expected to augment the metalworking fluids market growth.

Metalworking Fluids Market: Report Scope

Report Attributes Report Details
Report Name Metalworking Fluids Market Size Report
Market Size in 2022 USD 10.25 Billion
Market Forecast in 2030 USD 14.08 Billion
Growth Rate CAGR of 3.98%
Number of Pages 188
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Houghton International, BP, ExxonMobil Corp, Quaker Chemical Corporation, Eni S.p.A, Ashland, Inc., Kuwait Petroleum International, Petronas, Blaser Swisslube, Total S.A., Cimcool, Chevron Corporation, Motul, and Indian Oil Corporation Limited.
Segments Covered By Product, By End-use industry and By region.
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Metalworking Fluids Market: Competitive Players

Key companies are adopting several organic and inorganic growth strategies, such as capacity expansion, mergers & acquisitions, and joint ventures, to maintain and expand their market share.

  • On January 2023, Univar Solutions B.V. entered a distribution agreement with Graphics Services Ltd. for their products such as inks, rust preventive oils, coatings, lubricants, and metalworking fluids in Europe.

  • On September 2022, Clariant announced the extension of support for metalworking fluid manufacturers globally by offering their additives to develop high lubricity and fully-synthetic metalworking fluids.

The major market players in the metalworking fluids market include-

  • Houghton International
  • BP
  • ExxonMobil Corp
  • Quaker Chemical Corporation
  • Eni S.p.A
  • Ashland
  • Kuwait Petroleum International
  • Petronas
  • Blaser Swisslube
  • Total S.A.
  • Cimcool
  • Chevron Corporation
  • Motul
  • Indian Oil Corporation Limited.

By Type:

  • Treating fluids
  • Forming fluids
  • Protecting fluids 
  • Removal fluids

By End-use:

  • Transport equipment
  • Machinery
  • Primary non-ferrous
  • Metal fabrication
  • Primary ferrous

Global Metalworking Fluids Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Table Of Content

Choose License Type

  • zion payment modes

FrequentlyAsked Questions

Metalworking Fluids Market size was worth around USD 10.25 Billion in 2022 and is predicted to grow to around USD 14.08 Billion by 2030

The largest share of the Metalworking Fluids Market is held by Asia Pacific. Developing countries of Asia Pacific such as China, Japan, and India will be dominating the market scenario mainly due to the rising constructional activities. The growth of Asia-Pacific region is expected to be followed by the Middle East and North America. Also, significant growth is expected from Western Europe owing to the developments taking place in this region especially in countries such as Italy, Germany, the U.K, France, and Spain. However, growth in Africa, Latin America, and Eastern Europe is anticipated to be moderate over the forecast period.

Houghton International, BP, ExxonMobil Corp, Quaker Chemical Corporation, Eni S.p.A, Ashland, Inc., Kuwait Petroleum International, Petronas, Blaser Swisslube, Total S.A., Cimcool, Chevron Corporation, Motul, and Indian Oil Corporation Limited.
 

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed