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Global Metalworking Fluids Market Share, Analysis, Trends, Growth, Forecast: By Type: Mineral, Synthetic, Bio Based; By Function: Neat Cutting Oils, Water Cutting Oils, Corrosion Preventive Oils, Others; By End Use: Metal Fabrication, Others; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

Global Metalworking Fluids Market Outlook

The global metalworking fluids market size attained a value of more than USD 10.65 billion in 2021. The market is expected to grow at a CAGR of 4.10% between 2023 and 2028 to reach a value of USD 13.55 billion by 2027.

 

Global Metalworking Fluids Market Trends

Metalworking fluids is a term given to various oils and fluids utilised for heat and friction reduction and removal of metal pieces during industrial machining and grinding operations. These fluids are utilised worldwide on daily basis in mechanical workshops and in the automobile industry to extend a vehicle component’s life by reducing wear and tear and thermal deformation.

 

Rising Demand for Industrial Applications

The rapid industrialisation and infrastructural developments in developing countries have surged the demand for metalworking fluids, especially in the Asia Pacific region. This surge in demand can propel the metalworking fluids market growth.

 

Proliferating Automotive Industry

The transportation sector is the largest end-user of metalworking fluids and with the rising demand for commercial and passenger vehicles, the market is expected to develop further.

 

Developing Manufacturing Sector around the World

The manufacturing sector is one of the primary users of metalworking fluids. The development of new manufacturing methods for sophisticated products, coupled with automated equipment, has enhanced the market size.

 

Global Metalworking Fluids Market Opportunities

Growing Demand for Lightweight Components

The demand for lightweight equipment and shifting preference from traditional alloys to stainless steel, aluminium, and titanium, is expected to provide new growth opportunities.

 

Launch of Multi-Functional Fluids and Eco-Friendly Products

The introduction of multi-functional fluids for high-performance machines and the development of eco-friendly products can provide new growth opportunities to the market.

 

Global Metalworking Fluids Market Challenges

Volatile Crude Oil Prices

Due to financial crises around the world and geopolitical conflicts, the price of crude oils can be prone to fluctuations, which can hamper the market growth.

 

Stringent Government Policies

With the rising environmental concerns, governments’ efforts to minimise environmental damage have started to implement strict regulations on the usage of metalworking fluids. This can be a major setback for the market.

 

Global Metalworking Fluids Market Analysis

Based on type, the market can be segmented into mineral, synthetic, and biobased. Based on the function, it can be bifurcated into neat cutting oils, water cutting oils, and corrosion preventive oils, among others. Based on end-uses, the market segments include metal fabrication, transportation equipment, and machinery, among others.

 

The regional markets for the market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global metalworking fluids market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

 

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

 

Global Metalworking Fluids Market Segments by Function

Based on function, the market segments include neat cutting oils, water cutting oils, and corrosion preventive oils, among others.

 

Neat cutting oils are usually based on mineral oils which are used while cutting operations and are commonly used in heavy-duty operations as they provide high levels of lubrication. This segment holds the largest market share due to its application in various industrial operations.

 

Water-cutting oils are used by mixing concentrates of mineral oils or synthetic oils with water. It is widely used in processing as a coolant and lubricant. This segment is expected to experience significant growth due to its easy availability and excellent heat-carrying capability. However, it does not possess lubricating properties which can lead to corrosion.

 

Corrosion preventive oils are utilised on metals during the semi-finished or finished stage. They are applied to the metals to form a protective layer the metal, which provides rust protection.

 

Global Metalworking Fluids Market Segments by End-Use

Based on end-use, the market segments include metal fabrication, transportation equipment, and machinery, among others. The machinery segment has been the leading segment in the market as the demand for metalworking fluids has been rising exponentially in industries for application in different types of machines available in the market. Metalworking fluids are expected to show significant growth due to their adoption of these fluids by small-scale enterprises.

 

The transportation equipment segment is expected to show significant growth during the forecast period due to the rising demand for transportation equipment. The growth of this segment can also be attributed to increasing construction activities, especially in the Asia Pacific region.

 

Competitive Landscape

Quaker Chemical Corporation is a chemical company and a leader in industrial process fluids, based in the United States and founded in 1918. The company provides their services to multiple industries such as aerospace, mining, steel, tube and pipe, metal finishing, among many other industries.

 

Blaser Swisslube AG is a chemical company, headquartered in Bern, Switzerland, and it was founded in 1936. The company is engaged in developing, producing, and selling an extensive list of metalworking fluids of high quality and performance for a variety of industries. They provide multiple services including monitoring and maintenance planning, water quality test, and machine preparation training, among many other services for optimal performance of the fluids.

 

TotalEnergies is a French multinational company for energy and petroleum, headquartered in France and founded in 1924. The company specialises in dealing with oil and gas exploration and production, refining, trading, shipping, crude oil, liquified natural gas, renewable energy, solar energy, wind energy, and geology, among many other fields.

 

Other market players include Eni S.p.A, Exxon Mobil Corporation, Castrol Ltd, Lubrizol Corporation, and Chevron Corporation, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Function
  • End Use
  • Region
Breakup by Type
  • Mineral
  • Synthetic
  • Bio Based
Breakup by Function
  • Neat Cutting Oils
  • Water Cutting Oils
  • Corrosion Preventive Oils
  • Others
Breakup by End Use
  • Metal Fabrication
  • Transportation Equipment
  • Machinery
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Quaker Chemical Corporation
  • Blaser Swisslube AG
  • TotalEnergies
  • Eni S.p.A.
  • Exxon Mobil Corporation
  • Castrol Ltd.
  • Lubrizol Corporation
  • Chevron Corporation
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    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
 

Key Questions Answered in the Report

In 2021, the global market for metalworking fluids reached a size of USD 10.65 billion.

The market is expected to grow at a CAGR of 4.10% during the period 2023-2028.

The market is expected to reach a value of USD 13.55 billion.

The market is driven by the increasing demand from a developing automotive industry and rising demand for heavy industrial operations.

The introduction of multi-functional fluids and utilisation of lightweight components are the key trends in the market.

The regional markets for the market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

The types in the market include mineral, synthetic, and biobased.

The functions available in the market include neat cutting oils, water cutting oils, and corrosion preventive oils, among others.

Metalworking fluids find end-uses in metal fabrication, transportation equipment, and machinery, among others.

The key players in the market include Quaker Chemical Corporation, Blaser Swisslube AG, TotalEnergies, Eni S.p.A., Exxon Mobil Corporation, Castrol Ltd., Lubrizol Corporation, and Chevron Corporation, among others.

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