Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Metalworking Fluids Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Metalworking Fluids Market Growth?
The market size for Metalworking Fluids has seen a steady increase over the years. It was projected to expand from $12.91 billion in 2024 to $13.5 billion in 2025, growing at a Compound Annual Growth Rate (CAGR) of 4.5%.
What Is the Predicted Industry Size and CAGR of the Metalworking Fluids Market in 2029?
In 2029, the market size for metalworking fluids is projected to reach $17.82 billion, with a compound annual growth rate (CAGR) of 7.2%.
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Which Factors Are Driving Growth in the Metalworking Fluids Market?
The key Drivers in the metalworking fluids market are:
• Surge in the automotive industry
• Broad application of metalworking fluids in automobile manufacturing
• Demand for these fluids due to their ability to minimize heat and friction
• Increased car production stimulating higher usage of metalworking fluids
Which Segment Trends Are Covered in the Metalworking Fluids Market Forecast?
The metalworking fluidsmarket covered in this report is segmented –
1) By Type: Mineral, Synthetic, Bio-Based
2) By Application: Neat Cutting Oils, Water Cutting Oils, Corrosion Preventive Oils, Other Applications
3) By End-Use Industry: Construction, Electrical And Power, Automobile, Metal Fabrication, Transportation Equipment, Other End-Use Industries
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What Are the Current Market Trends in the Metalworking Fluids Industry?
The key trends in the metalworking fluids market are:
• The introduction of innovative additives for metalworking applications is an emerging trend.
• The focus on creating products with superior metal compatibility and corrosion performance is growing.
• Improvements in solubility across various base stocks for metalworking are on the rise.
• The industry trend is moving towards satisfying specific metalworking needs like deep hole drilling, grinding and honing oils.
Who are the Key Companies in the Metalworking Fluids Market?
The key players in the metalworking fluids market are:
• ExxonMobil Corporation
• TotalEnergies SE
• Houghton International Inc.
• Henkel AG & Co. KGaA
• Fuchs Petrolub SE
• Quaker Chemical Corporation
• Hindustan Petroleum Corporation Limited
• Castrol Ltd.
• Lubri-Graph Corporation
• Croda International plc
• Shell plc
• Lukoil Oil Company
• China Petroleum & Chemical Corporation
• Apar Industries Limited
• Yushiro Chemical Industry Co. Ltd.
• Idemitsu Kosan Co. Ltd.
• Cimcool Industrial Products Inc.
• Blaser Swisslube Co. AG
• Motul India Private Limited
• Oelheld Inc.
• Moresco Corporation
• QualiChem Ltd.
• Master Chemical Corp.
• Hardcastle Petrofer Private Limited
• Chevron Phillips Chemical Company
• Total Lubricants USA Inc.
• Petro-Canada Lubricants Inc.
• Royal Purple LLC
• Valvoline Inc.
• Warren Oil Company Inc.
What are the Regional Trends Across the Metalworking Fluids Market?
Asia-Pacific was the largest region in the metalworking fluids market in 2024
