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Global Metalworking Fluids Market Report and Forecast 2023-2028

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    Report

  • 188 Pages
  • September 2023
  • Region: Global
  • Expert Market Research
  • ID: 5878842
According to the report, the global metalworking fluids market is expected to grow at a CAGR of 4.10% between 2023 and 2028. Aided by the increasing demand for superior quality industrial fluids and expanding applications of metalworking fluids in various sectors, the market is expected to grow significantly by 2028.

Metalworking fluids, also known as cutting fluids, are used to cool and/or lubricate metal workpieces during machining, grinding, and milling processes. They help in preventing burning and distortion of the workpiece, extending the life of the cutting tool, and ensuring a better finish of the machined surface. Apart from these mechanical benefits, metalworking fluids also provide excellent rust protection.

The increasing demand for high-quality industrial fluids is driving the global metalworking fluids market growth. With the rising complexity in manufacturing processes and stringent quality standards, industries are seeking advanced fluids that can enhance the efficiency and quality of metalworking processes. This trend is leading to a surge in demand for metalworking fluids.

The burgeoning applications of metalworking fluids in diverse industries significantly contribute to the market's growth. In the automotive industry, metalworking fluids are used extensively in the manufacturing and assembly processes of various components. Similarly, the aerospace industry relies on these fluids for machining and fabricating complex components. These industries' growth and the increasing manufacturing activities worldwide are expected to boost the demand for metalworking fluids.

Additionally, the ongoing technological advancements in metalworking fluids are fostering metalworking fluids market expansion. Innovative fluid formulations are being developed to cater to the evolving needs of various industries, which in turn is expanding the application scope of metalworking fluids. Bio-based and synthetic metalworking fluids that offer improved performance and environmental benefits are gaining traction, further driving the market growth.

Moreover, the rising emphasis on reducing environmental impact and worker safety is creating a shift towards safer and more sustainable metalworking fluids. Regulations and standards set by health and safety organisations are urging industries to opt for fluids with lower environmental and health hazards. This trend is likely to promote the growth of synthetic and semi-synthetic metalworking fluids, which offer lower toxicity and higher biodegradability.

Market Segmentation

The market can be divided based on type, function, end use, and region.

Market Breakup by Type

  • Mineral
  • Synthetic
  • Bio Based

Market Breakup by Function

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

Market Breakup by End Use

  • Metal Fabrication
  • Transportation Equipment
  • Machinery
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global metalworking fluids companies. Some of the major key players explored in the report are as follows:
  • Quaker Chemical Corporation
  • Blaser Swisslube AG
  • TotalEnergies
  • Eni S.p.A.
  • Exxon Mobil Corporation
  • Castrol Ltd.
  • Lubrizol Corporation
  • Chevron Corporation
  • Others

About the Publisher

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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Metalworking Fluids Market Analysis
8.1 Key Industry Highlights
8.2 Global Metalworking Fluids Historical Market (2018-2022)
8.3 Global Metalworking Fluids Market Forecast (2023-2028)
8.4 Global Metalworking Fluids Market by Type
8.4.1 Mineral
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Synthetic
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Bio Based
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Metalworking Fluids Market by Function
8.5.1 Neat Cutting Oils
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Water Cutting Oils
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Corrosion Preventive Oils
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Metalworking Fluids Market by End Use
8.6.1 Metal Fabrication
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Transportation Equipment
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Machinery
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Metalworking Fluids Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Quaker Chemical Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Blaser Swisslube AG
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 TotalEnergies
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Eni S.p.A.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Exxon Mobil Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Castrol Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Lubrizol Corporation
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Chevron Corporation
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Figures and Tables
1. Global Metalworking Fluids Market: Key Industry Highlights, 2018 and 2028
2. Global Metalworking Fluids Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Metalworking Fluids Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Metalworking Fluids Historical Market: Breakup by Function (USD Million), 2018-2022
5. Global Metalworking Fluids Market Forecast: Breakup by Function (USD Million), 2023-2028
6. Global Metalworking Fluids Historical Market: Breakup by End Use (USD Million), 2018-2022
7. Global Metalworking Fluids Market Forecast: Breakup by End Use (USD Million), 2023-2028
8. Global Metalworking Fluids Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Metalworking Fluids Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Metalworking Fluids Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Metalworking Fluids Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Metalworking Fluids Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Metalworking Fluids Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Metalworking Fluids Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Metalworking Fluids Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Metalworking Fluids Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Metalworking Fluids Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Metalworking Fluids Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Metalworking Fluids Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Metalworking Fluids Market Structure

Companies Mentioned

  • Quaker Chemical Corporation
  • Blaser Swisslube AG
  • TotalEnergies
  • Eni S.p.A.
  • Exxon Mobil Corporation
  • Castrol Ltd.
  • Lubrizol Corporation
  • Chevron Corporation

Methodology

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Table Information