Chemicals

Global Metalworking Fluids Market Size, Forecasts, And Opportunities

November 8, 2021 by The Business Research Company

Learn about the global metalworking fluids market through The Business Research Company, which provides information on metalworking fluids market size, metalworking fluids market drivers and restraints, metalworking fluids market players, the COVID-19 impact on the metalworking fluids market, and more.

The global metalworking fluids market is expected to grow from $9.95 billion in 2020 to $10.71 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The metalworking fluids market is expected to reach $13.06 billion in 2025 at a CAGR of 5.1%.

The growing automotive sector is expected to drive innovation in metalworking fluids manufacturing, thus driving the market during the forecast period.

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The metalworking fluids market consists of sales of metalworking fluids by entities (organizations, sole traders, and partnerships) that provide metalworking fluids 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.

Global metalworking fluids market segments include:

By Type: Mineral, Synthetic, Bio-Based

By Application: Neat Cutting Oils, Water Cutting Oils, Corrosion Preventive Oils, Others

By End-Use Industry: Construction, Electrical And Power, Automobile, Metal Fabrication, Transportation Equipment, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the metalworking fluids market in 2020.

The launch of new product lines is shaping the metalworking fluids market. Major companies operating in the metalworking fluids sector are focused on launching new product lines for metalworking fluids to improve product uniformity, cost, and marketability.

TBRC’s metalworking fluids market report covers:

Major Market Players: Exxon Mobil Corporation, TotalEnergies, Houghton International Inc., Henkel, Fuchs Petrolub, Quaker Chemical Corporation, Hindustan Petroleum Corporation Limited, Castrol, Lubrizol, Croda International, Royal Dutch Shell, Lukoil Oil Company, Sinopec, Apar Industries Limited, Yushiro Chemical Industry Co. Ltd., Idemitsu Kosan, Cimcool Industrial Products Inc, Blaser Swisslube, Motul, Oelheld, MORESCO Corporation, QualiChem, Master Fluid Solutions, and Hardcastle Petrofer.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Metalworking Fluids Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides metalworking fluids market overviews, analyzes and forecasts market size, share, metalworking fluids market players, metalworking fluids market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s metalworking fluids market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here is a list of similar reports from The Business Research Company:

Metalworking Machinery Global Market Report 2021

Cutting Tool And Machine Tool Accessory Global Market Report 2021

Rolling Mill And Other Metalworking Machinery Global Market Report 2021

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