Metalworking Fluids Market Outlook, Share, Analysis, Trends, Report 2023-2028

According to the latest report by IMARC Group, titled “Metalworking Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on metalworking fluids market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global metalworking fluids market size reached US$ 11.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.

Metalworking fluids (MWF) represent a wide array of oils that are extensively used to cool down and lubricate metal pieces while they are being machined, ground, and milled. They minimize friction and heat between the cutting tool and the workpiece. Metalworking fluids also prevent smoking or burning while inhibiting corrosion. They help in extending the component life of vehicles by reducing the chances of wear and tear or any physical and thermal deformation, maintaining lubrication, delivering superior surface finish and texture in the welding process, etc. Consequently, MWFs find extensive applications in mechanical workshops for cutting and shaping metals across the globe.

Get a Sample Copy of this Report:

Market Trends:

The expanding automotive industry is primarily driving the metalworking fluids market. Additionally, the shifting consumer preferences from traditional metal alloys towards stainless steel, aluminum, and titanium, as they provide lightweight and long-lasting features to the equipment, are further bolstering the market growth. Besides this, the widespread adoption of MWFs in chemical protection and treatment, metal removal, enhancing the overall service life of tools, etc., is acting as another significant growth-inducing factor.

Moreover, original equipment manufacturers (OEM) are extensively investing in R&D activities to ensure energy efficiency in equipment and generate higher volumes of metal components, which is positively influencing the global market. Apart from this, the inflating expenditure capacities of individuals on modifications of vehicles are also stimulating the market growth. Furthermore, the introduction of advanced extraction processes by leading manufacturers is anticipated to fuel the metalworking fluids market over the forecasted period.

View Full Report with TOC & List of Figure:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • BP
  • Chevron
  • Houghton International
  • ExxonMobil
  • Total S.A.
  • Apar
  • Hindustan Petroleum Corporation Limited
  • Castrol Limited
  • Indian Oil Corporation Limited
  • Lubrizol
  • Gazprom
  • Pertamina
  • Columbia Petro
  • PETRONAS Lubricants International
  • Quaker Chemical Corporation

Metalworking Fluids Market Segmentation:

Our report has categorized the market based on region, product type, source, end use, fluid type and industry.

Breakup by Product Type:

  • Removal Fluids
  • Forming Fluids
  • Protection Fluids
  • Treating Fluids

Breakup by Source:

  • Mineral
  • Synthetic
  • Bio-Based

Breakup by End Use:

  • Transportation Equipment
  • Machinery
  • Primary Metals
  • Fabricated Metal Products
  • Metal Cans
  • Others

Breakup by Fluid Type:

  • Neat Cutting Oils
  • Water Cutting Oils
  • Soluble Cutting Oils
  • Semi-synthetic Cutting Oils
  • Synthetic Cutting Oils
  • Corrosion Preventive Oils
  • Others

Breakup by Industry:

  • Construction
  • Electrical and Power
  • Agriculture
  • Automobile
  • Aerospace
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe:- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Previous post Solar Vehicle Market Report, Size, Share, Growth, Demand, Forecast 2023-2028
Next post Palm Oil Market Report, Size, Industry Share, Growth, Trends, Key Players Analysis, Forecast 2023-2028