Metalworking Fluid Market Report: Trends, Forecast and Competitive Analysis to 2030

Metalworking Fluid Trends and Forecast

The future of the global metalworking fluid market looks promising with opportunities in the transport equipment, machinery, metal fabrication, primary ferrous, and non-ferrous markets. The global metalworking fluid market is expected to reach an estimated $13.4 billion by 2030 with a CAGR of 4.1% from 2024 to 2030. The major drivers for this market are increasing application of this fluid in automotive and heavy industry machinery and growing preference for dry machining.

A more than 150-page report is developed to help in your business decisions.

Metalworking Fluid by Segment

The study includes a forecast for the global metalworking fluid by product type, application, end use, and region.

Metalworking Fluid Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Removal
• Forming
• Protection
• Treating Fluid

Metalworking Fluid Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Neat Cutting Oils
• Water Cutting Oils
• Corrosion Preventive Oils
• Others

Metalworking Fluid Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Transport Equipment
• Machinery
• Metal Fabrication
• Primary Ferrous
• Non-Ferrous

Metalworking Fluid Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Metalworking Fluid Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies metalworking fluid companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the metalworking fluid companies profiled in this report include-

• ExxonMobil
• Houghton
• Fuchs Petrolub
• BP
• Total
• Chevron
• Lubrizol

Metalworking Fluid Market Insights

Lucintel forecasts that removal is expected to witness highest growth over the forecast period due to its widespread usage in manufacturing sector as a coolant as well as its high demand from automotive and metal fabrication industries.

APAC is expected to witness highest growth over the forecast period due to rapid industrialization, continuous economic development, and high growth of the agriculture, construction, and manufacturing sector in the region.

Features of the Global Metalworking Fluid Market

Market Size Estimates: Metalworking fluid market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Metalworking fluid market size by product type, application, end use, and region in terms of value ($B).

Regional Analysis: Metalworking fluid market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, applications, end uses, and regions for the metalworking fluid market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the metalworking fluid market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the metalworking fluid market size?

Answer: The global metalworking fluid market is expected to reach an estimated $13.4 billion by 2030.

Q.2 What is the growth forecast for metalworking fluid market?

Answer: The global metalworking fluid market is expected to grow with a CAGR of 4.1% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the metalworking fluid market?

Answer: The major drivers for this market are increasing application of this fluid in automotive and heavy industry machinery and growing preference for dry machining.

Q4. What are the major segments for metalworking fluid market?

Answer: The future of the metalworking fluid market looks promising with opportunities in the transport equipment, machinery, metal fabrication, primary ferrous, and non-ferrous markets.

Q5. Who are the key metalworking fluid market companies?

Answer: Some of the key metalworking fluid companies are as follows:

• ExxonMobil
• Houghton
• Fuchs Petrolub
• BP
• Total
• Chevron
• Lubrizol

Q6. Which metalworking fluid market segment will be the largest in future?

Answer: Lucintel forecasts that removal is expected to witness highest growth over the forecast period due to its widespread usage in manufacturing sector as a coolant as well as its high demand from automotive and metal fabrication industries.

Q7. In metalworking fluid market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rapid industrialization, continuous economic development, and high growth of the agriculture, construction, and manufacturing sector in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the metalworking fluid market by product type (removal, forming, protection, and treating fluid), application (neat cutting oils, water cutting oils, corrosion preventive oils, and others), end use (transport equipment, machinery, metal fabrication, primary ferrous, and non-ferrous), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?