Metalworking Fluids Market Report 2025

This Metalworking Fluids market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The metalworking fluids market size has grown strongly in recent years. It will grow from $12.91 billion in 2024 to $13.71 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to manufacturing growth, cutting and forming operations, corrosion prevention, regulatory compliance, automotive industry.

The metalworking fluids market size is expected to see strong growth in the next few years. It will grow to $18.34 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to metal recycling, aerospace applications, metal alloys and composites, circular economy practices, resilience and safety. Major trends in the forecast period include sustainable formulations, advanced materials, smart manufacturing, electrification in transportation, biocompatible materials.

The expanding automotive sector is anticipated to drive the growth of the metalworking fluids market during the forecast period. The automotive industry comprises a wide range of businesses and organizations involved in the design, development, production, marketing, and sale of vehicles. Metalworking fluids, which reduce heat and friction during industrial cutting and grinding processes, are commonly used by automobile manufacturers in the production of car parts and other equipment. For example, in July 2023, reports from the Society of Motor Manufacturers and Traders, a UK-based trade association, indicated that UK car production rose by 11.7% in the first half of 2023, totaling 450,168 units, with June experiencing a 16.2% increase, marking the fifth consecutive month of growth. Since January, factories have manufactured 47,037 additional units, primarily driven by a 13.6% increase in exports, which accounted for 359,940 units, or 80% of total production. Domestic production also grew, with output for the UK rising by 4.5% to 90,228 units. Therefore, the growing automotive sector is driving the expansion of the metalworking fluids market.

The increasing demand for construction is anticipated to drive the growth of the metalworking fluids market in the future. Construction involves the process of building something, typically a large structure. Metalworking fluids are employed in construction for machining and fabricating metal components and structures. For instance, Rethinking The Future, an India-based platform for architecture and design, projects that by 2024, the Canadian construction industry will experience an 8.5% compound annual growth rate (CAGR), raising the industry's value to $354.9 billion (USD). Additionally, in February 2023, the Office for National Statistics, a UK-based government department, reported that the annual construction output in the UK for 2022 increased by 5.6% compared to 2021, following an extraordinary growth of 12.8% in 2021. Thus, the rising demand for construction is contributing to the growth of the metalworking fluids market.

Major companies in the metalworking fluids market are introducing extreme pressure additives like SULFAD 1717E designed for metalworking applications. SULFAD 1717E, a sulfurized ester, serves as an extreme pressure additive and was introduced by SEQENS in July 2022. Part of SEQENS' range for oils, greases, and industrial lubricants, SULFAD 1717E addresses compatibility issues with formulas containing esters and provides optimal copper corrosion performance. It demonstrates good solubility in various base stocks, making it ideal for metalworking applications such as deep hole drilling, grinding, and honing oils. This additive aligns with SEQENS' commitment to offering solutions for diverse metalworking needs.

Major companies in the metalworking fluids market are introducing metalworking additive services to improve lubricity within the industry. Metalworking additive services utilize advanced manufacturing techniques, such as 3D printing, to build metal components layer by layer, thereby enhancing precision, customization, and material efficiency in metal fabrication. For example, in April 2022, Additure, a UK-based additive manufacturing firm, launched its metal additive manufacturing service. This service employs two cutting-edge technologies: Wire Arc Additive Manufacturing (WAAM) and Powder Bed Fusion (PBF). WAAM uses welding wire to create printed layers, offering high reliability and versatility, and supports various processes, including forming, cutting, joining, and coating. Conversely, PBF utilizes lasers to melt layers of powder, allowing for the production of geometrically intricate, dense metal parts, making it well-suited for rapid prototyping, small batch production, and quick product turnaround.

In May 2023, AMSOIL Inc., a US-based fuel industry commercial company, acquired Benz Oil for an undisclosed amount. This strategic acquisition is expected to enhance AMSOIL INC's capabilities and expertise in the industrial fluids sector. Integrating Benz Oil's specialization in developing, manufacturing, and supplying industrial and metalworking fluids will strengthen AMSOIL's market position and broaden its product portfolio. Benz Oil, a US-based manufacturer of metalworking fluids, specializes in the development, manufacture, and supply of industrial and metalworking fluid products.

Major companies operating in the metalworking fluids market include 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.

Asia-Pacific was the largest region in the metalworking fluids market in 2024. North America was the second-largest market in the metalworking fluids market share. The regions covered in the metalworking fluids market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the metalworking fluids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Metalworking fluids play a crucial role in enhancing the performance of workpieces by consistently removing dust, chips, and swarfs from both the tool and the workpiece's surface. These fluids, collectively known as metalworking fluids (MWF), encompass a range of oils and other substances designed to cool and lubricate metal workpieces during machining, crushing, or milling processes. The application of metalworking fluids is essential in preventing burning and smoking by reducing heat and friction between the cutting tool and the workpiece.

The primary types of metalworking fluids include mineral, synthetic, and bio-based variants. Mineral oils undergo refining processes that aid in minimizing the presence of polynuclear aromatic hydrocarbons (PAHs) in metalworking fluids. These oils find application in various forms such as neat cutting oils, water cutting oils, corrosion preventive oils, among others, and are utilized across diverse industries including construction, electrical and power, automobile manufacturing, metal fabrication, transportation equipment, and more.

The metalworking fluids market research report is one of a series of new reports that provides metalworking fluids market statistics, including metalworking fluids industry global market size, regional shares, competitors with a metalworking fluids market share, detailed metalworking fluids market segments, market trends and opportunities, and any further data you may need to thrive in the metalworking fluids industry. This metalworking fluids market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The metalworking fluids market consists of sales of water-soluble oils and semi-synthetic fluids. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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