The Business Research Company’s report on the Metalworking Fluids Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the metalworking fluids market?
The growing automotive sector is expected to fuel the growth of the metalworking fluids market in the forecast period. The automotive industry is made up of a diverse group of businesses and organizations that are involved in the design development, production, marketing, and sale of automobiles. Metalworking fluids, which minimize heat and friction in industrial cutting and grinding operations, are frequently utilized by automobile manufacturers in the manufacturing of car parts and other equipment. For instance, in July 2023, according to the reports published by the Society of Motor Manufacturers and Traders, a UK-based trade association, UK car production increased by 11.7% in the first half of 2023, reaching 450,168 units, with June seeing a 16.2% rise, marking the fifth consecutive month of growth. Since January, factories have produced 47,037 more units, driven primarily by a 13.6% surge in exports, which account for 359,940 units, or 80% of total production. Domestic volumes also grew, with production for the UK up 4.5% to 90,228 units. Therefore, the growing automotive sector drives the growth of the metalworking fluids market.
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How has the metalworking fluids market size evolved, and what are the latest forecasts for its expansion?
The metalworking fluids market size has grown strongly in recent years. It will grow from $12.91 billion in 2024 to $13.71 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to manufacturing growth, cutting and forming operations, corrosion prevention, regulatory compliance, automotive industry.
The metalworking fluids market size is expected to see strong growth in the next few years. It will grow to $18.34 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to metal recycling, aerospace applications, metal alloys and composites, circular economy practices, resilience and safety. Major trends in the forecast period include sustainable formulations, advanced materials, smart manufacturing, electrification in transportation, biocompatible materials.
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Which major companies dominate the metalworking fluids market?
Major companies operating in the metalworking fluids market include ExxonMobil Corporation, TotalEnergies SE, Houghton International Inc., Henkel AG & Co. KGaA, Fuchs Petrolub SE, Quaker Chemical Corporation, Hindustan Petroleum Corporation Limited, Castrol Ltd., Lubri-Graph Corporation, Croda International plc, Shell plc, Lukoil Oil Company, China Petroleum & Chemical Corporation, Apar Industries Limited, Yushiro Chemical Industry Co. Ltd., Idemitsu Kosan Co. Ltd., Cimcool Industrial Products Inc., Blaser Swisslube Co. AG, Motul India Private Limited, Oelheld Inc., Moresco Corporation, QualiChem Ltd., Master Chemical Corp., Hardcastle Petrofer Private Limited, Chevron Phillips Chemical Company, Total Lubricants USA Inc., Petro-Canada Lubricants Inc., Royal Purple LLC, Valvoline Inc., Warren Oil Company Inc.
What trends will shape the future of the metal structural insulation panels market?
Major companies operating in the metalworking fluids market are launching extreme pressure additives such as the SULFAD 1717E for metalworking applications. SULFAD 1717E is a sulfurized ester that is an extreme pressure additive for metalworking applications. For instance, in July 2022, SEQENS, a France-based pharmaceutical solutions and specialty ingredients company, introduced a new Extreme Pressure Additive, SULFAD 1717E. This additive is part of SEQENS’ range designed for oils, greases, and industrial lubricants. SULFAD 1717E addresses the need for compatibility with formulas containing esters and provides optimum copper corrosion performance. It has good solubility in various base stocks and is ideal for metalworking applications, including deep hole drilling, grinding, and honing oils. This additive complements SEQENS’ commitment to providing solutions for metalworking needs.
Which region dominates the metalworking fluids market, and what factors contribute to its leadership?
Asia-Pacific was the largest region in the metalworking fluids market in 2024. North America was the second-largest market in the metalworking fluids market share. The regions covered in the metalworking fluids market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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How is the metalworking fluids market segmented, and which segment holds the largest share?
The metalworking fluids market covered in this report is segmented –
1) By Type: Mineral, Synthetic, Bio-Based
2) By Application: Neat Cutting Oils, Water Cutting Oils, Corrosion Preventive Oils, Other Applications
3) By End-Use Industry: Construction, Electrical And Power, Automobile, Metal Fabrication, Transportation Equipment, Other End-Use Industries
Subsegments:
1) By Mineral: Straight Oils, Soluble Oils, Emulsifiable Oils
2) By Synthetic: Water-Soluble Synthetic Fluids, Non-Water-Soluble Synthetic Fluids
3) By Bio-Based: Vegetable Oil-Based Fluids, Animal Fat-Based Fluids, Synthetic Esters From Renewable Resources
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How is the metalworking fluids market defined, and what are its core characteristics?
The metalworking fluids are used to improve the workpiece’s performance by constantly eliminating dust, chips, and swarfs from the tool and the workpiece’s surface. Metalworking fluid (MWF) refers to a group of oils and other fluids used to cool and lubricate metal workpieces while they are being machined, crushed, or milled. Metalworking fluids (MWFs) help to avoid burning and smoking by reducing heat and friction between the cutting tool and the workpiece.
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