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Metalworking Fluids Market

Metalworking Fluids Market

Consumption of Neat Cutting Oil Is Anticipated To Bolster Demand for Metalworking Fluids in United States during 2021-2031

Metalworking Fluids Market

Market Snapshot

As per latest industry analysis published by Fact.MR, the global metalworking fluids market was valued at around US$ 9 Bn in 2020, and is expected to reach US$ 12 Bn by 2031, rising at a CAGR of 4%. Demand for removal fluids is projected to accelerate at a CAGR of 3% across the assessment period of 2021 to 2031.

Key Points Covered in Metalworking Fluids Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Consumption of Metalworking Fluids in 2021
  • Competition Mapping and Benchmarking
  • Metalworking Fluids Market Size in 2021
  • Brand Share and Market Share Analysis
  • Mineral-Based Metalworking Fluids Trends
  • Key Product Innovations and Regulatory Climate
  • Assessment by Product Grade / Purity / Formulation Standards
  • Assessment of Import Price, Bulk Price, Contractual Price, Producer / Distributor Price
  • Certifications and Compliance Requirements
  • Multi-Phase Metalworking Fluids Trends
  • COVID-19 Impact on Metalworking Fluids Industry and How to Navigate
  • Emerging Trends in Bio-Based Metalworking Fluids
  • Recommendation on Key Winning Strategies

Know More Details About the Report

Consumption Analysis of Metalworking Fluids from 2016-2020 Vs Market Outlook for 2021-2031

As per Fact.MR - a market research and competitive intelligence provider, the global market for metalworking fluids was valued at US$ 9 Bn in 2020.

Growing requirements for lowering the operational costs and increasing the efficiency & life of machinery will drive toward growing the metalworking fluids market demand over the projected time period.

Synthetic products give the advantages such as wear resistance, excellent surface finish, and the ability to improve tool life which in turn has boosted the market requirement in the end-user industries including automobile, automobile, and aerospace.

Changes in the management & application industry, R&D activities, and new product developments are other major factors that are expected to drive the market at a 4% CAGR from 2021 to 2031.

What are the Restraints being Encountered by Metalworking Fluid Manufacturers?

High cost and toxicity of product are major factors, may hamper the demand for metalworking fluids for general manufacturing and restrain growth of the market to a certain extent. In addition, availability of substitutes is a challenge faced by the metal protection fluids market.

The major goal and intention of government agencies is to protect people, environment, and workers from hazards, which are closely related to industrial manufacturing. Thus, there are many agencies working for minimizing the environmental hazards caused by these fluids.

Several key regulatory agencies around the world such as OSHA (Occupational Safety and Health Organization) and EPA (Environmental Protection Agencies) have policies in place to ensure the safe disposal of used cutting fluids into the environment, which could hamper the growth of metalworking fluids market.

metalworking fluids market by FactMR

Which Region is Predicted to Be the Most Lucrative Market for Metalworking Fluid Suppliers?

The Asia Pacific region leads with more than 40% of the share in the global market for metalworking fluids owing to the region having a stronghold in terms of manufacturing for fluids.

Semi-synthetic metalworking fluids, synthetic metalworking fluids and water cutting fluids will witness high uptake in the Asia Pacific region that are expected to be growth engines for the market in the foreseeable future.

The Asia Pacific region is set to dominate the market during the forecast period primarily due to increasing demand from the agriculture and construction sector. Growing industrialization and economic development are driving the growth of the Indian heavy machinery industry.

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Country-wise Analysis

What is the Metalworking Fluids Demand Outlook for the U.S.?

The market in the U.S was valued at over US$ 2 Bn in 2020. Demand in the U.S. is anticipated to be led by rise in sales of neat cutting oil that is majorly used for aluminum products.

The U.S. is considerably going through a shift in its manufacturing industry from steel machinery to aluminum products and this is because of aluminum unique properties, such as easy molding and lightweight properties.

Therefore, increase in the use of aluminum is predicted to create profitable opportunities for the consumption of neat cutting oil, and thus, simultaneously boosting the market.

Latest trends of metal removal fluids in the U.S, Growing demand for straight oil, corrosion preventive oils, and increasing sales of forging & quenching oil, emulsified oil in various industries by metalworking fluid manufacturers in the country will further create lucrative market growth opportunities.

What are the Growth Opportunities for Metalworking Fluids Providers across China?

By 2031, China is expected to have a market size of roughly US$ 3 Bn. The China metalworking fluids market is mainly driven by growing demand for bio-based metalworking fluids, efficient metalworking fluids, and treating fluids.

Presence of large manufacturing facilities, aerospace industry, and marine and automotive industries, coupled with relatively low prices of metalworking fluids is poised to assist market growth over the coming years.

Category-wise Insights

Why is the Popularity Removal Fluids Rapidly Rising?

Removal fluids are crucial ingredients for metal removal and forming. They also help in extending the service lives of the tools, saving thousands of Dollars.

These fluids usually contain high-performance soluble oil and semi-synthetic emulsion technology and offer a wide range of performance capabilities to meet the industrial requirements for machining and grinding operations. Hence increasing the sales of removal fluids and metal protecting fluids.

Removal fluids are designed to work in a variety of hard and soft water qualities and offer low foam and long-term corrosion protection for machines and components. They are supplied in concentrated form and require mixing with water at the point of use.

In recent years, top companies in the metal removal fluids sector have adopted advanced technologies. Thus, currently, the right fluid for a particular process has the potential to significantly increase efficiency and process productivity.

Why is Transportation Equipment Industry Demand for Metalworking Fluids Dominating the market?

Based on application, metalworking fluids for the transportation equipment industry accounted for a share of 50% in the market. Metal treating fluids are predominantly used in transportation equipment in automotive and aerospace. These equipment are involved in production of automotive components and aerospace machining where the equipment requires regular lubrication with cooling.

Use of metalworking fluids ensures emission of non-hazardous by-products and makes the workplace free of contamination. Furthermore, use of exotic metals, such as titanium, platinum, palladium, gallium, etc., in both engine and powertrain production in automobiles and other applications has also increased the demand for metalworking fluids.

On the backdrop of the aforementioned factors, rising application of metalworking fluids for transportation equipment will increase at a significant rate over the decade.

How Has COVID-19 Impacted Demand for Metalworking Fluids?

The global market for metalworking fluids has been severely impacted by the outbreak of COVID-19. Owing to lockdowns implemented across various countries, national and international transport was hampered, which significantly impacted the grinding fluids market.

Insufficiency in raw material supply is expected to hamper the production rate of metalworking fluids, which will negatively impact forming fluids sales.

Strict measures taken to curb the spread of the coronavirus have affected several industries including automotive, building & construction, and production units of various manufacturing plants.

The pandemic has resulted in a huge supply-demand gap and it is directly affecting the production chain of the industries. Supply chain disruptions, labor unavailability, and a slowdown in logistics has reduced the demand for any industrial activity, in turn affecting the industries that are highly dependent on metalworking fluids.

These factors are likely to hit the market globally. But slowly, with passing time and decreasing rates of positive cases of COVID-19, the market is regaining its position and stabilizing. This is positively affecting the growth of multi-phase metalworking fluids in 2021.

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Competitive Landscape

Metal forming fluid manufacturers & synthetic metalworking fluids are aiming towards establishing supply contracts with end-use industries for revenue generation as project cost remains on the higher side.

Top metalworking fluids formulators & suppliers are primarily aiming to carry out strategic acquisitions, collaborations, and launching innovative products.

  • In February 2020, Quaker Chemical Corporation opened a new production line in Dahej, India. This new production line will manufacture rolling oils and metalworking fluids for steel & metal industries in India and the Middle East & Africa.

Metalworking Fluids Market Report Scope



Market size value in 2020

USD 9 Billion

Market forecast value in 2031

USD 12 Billion

Growth Rate

CAGR of 4% from 2021 to 2031

Forecast Period


Historical Data Available for


Market Analysis

US$ Mn for Value & ‘000 Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Brazil
  • Mexico
  • Argentina
  • GCC
  • South Africa

Key Market Segments Covered

  • Category
  • Function
  • Product
  • Application
  • Region

Key Companies Profiled

  • BP
  • Chevron Corporation
  • Houghton International
  • ExxonMobil Corporation
  • Total S.A.
  • Apar
  • Fuchs Petrolub SE
  • Hindustan Petroleum Corporation Limited
  • Castrol Limited
  • Indian Oil Corporation Limited
  • Lubrizol
  • Gazprom
  • Pertamina
  • Columbia Petro
  • Croda International Plc
  • China Petrochemical Corporation
  • Yushiro Chemical Industry Co. Ltd.
  • Idemitsu Kosan Co. Ltd
  • PETRONAS Lubricants International
  • Quaker Chemical Corporation


Available upon Request

Key Market Segments in Metalworking Fluids Industry Research

  • Category

    • Semi-Synthetic Metalworking Fluids
    • Synthetic Metalworking Fluids
    • Mineral-Based Metalworking Fluids
    • Bio-Based Metalworking Fluids
  • Function

    • Neat Cutting Oils
    • Water Cutting Oils
    • Straight Oils
    • Emulsified Oils
    • Corrosion Preventive Oils
  • Product

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

    • Metalworking Fluids For Metal Fabrication
    • Metalworking Fluids For Heavy Machinery
    • Metalworking Fluids For Transportation Equipment
    • Metalworking Fluids For General Manufacturing

Metalworking Fluids Market: Report Scope

A recent study by Fact.MR on the metalworking fluids market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates recent market developments, strategic market growth analysis, market size, category market growths, product approvals, product launches, geographical expansions, and technological innovations associated with metalworking fluids market!

The study also provides the dynamics responsible for influencing the future status of the metalworking fluids market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies manufacturing metalworking fluids, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of metalworking fluids across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of metalworking fluids during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

  • Which are the most lucrative markets for metalworking fluids?
  • Which factors will impact the growth of the market?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the metalworking fluids industry?
  • What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Market estimates at global and regional levels for metalworking fluids are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global metalworking fluids market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the metalworking fluids market during the forecast period.

Country-specific valuation on demand for metalworking fluids has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value and volume for emerging countries has also been included in the report.

Competition Analysis

The report sheds light on leading manufacturers of metalworking fluids, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering metalworking fluids has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the metalworking fluids market.

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of metalworking fluids market, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.

- FAQs -

The global metalworking fluids market is currently worth more than US$ 9 Bn.

From 2016-2020, sales of metalworking fluids registered a CAGR of 2%.

Main factors for the growth of the market include rising greenfield projects and increase in demand from important sectors such as energy, manufacturing, process, and metals.

Major metalworking fluid manufacturers are BP, Chevron Corporation, Houghton International, ExxonMobil Corporation, and Total S.A., as per ratings on the basis of market share, market reach, clientele, etc.

The Asia Pacific region, with 40% of the global market share, will largely contribute to the growth of metalworking fluids revenue.

Metalworking fluids for transportation equipment account for a share of 50% in the market.

Bio-based MWF is set to register growth at a CAGR of 1% in Germany with.

The U.S., China, U.K., India, and Germany are expected to drive most of the demand for metalworking fluids.

Synthetic metalworking fluids sales in Japan are forecasted to reach over US$ 1 Bn by 2031.

The global market is anticipated to rise at a CAGR of 4% over the forecast period of 2021 to 2031.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.