Engineered Fluids Market Report 2026

The engineered fluids market size has grown strongly in recent years. It will grow from $1.47 billion in 2025 to $1.58 billion in 2026 at a compound annual growth rate (CAGR) of 8%. The growth in the historic period can be attributed to growth in industrial manufacturing, increased use of lubricants in machinery, expansion of power generation facilities, demand for thermal management solutions, availability of synthetic fluid technologies.

The engineered fluids market size is expected to see strong growth in the next few years. It will grow to $2.15 billion in 2030 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to growth of electric vehicles, rising electronics production, increasing demand for energy efficient systems, expansion of renewable power plants, advancements in engineered fluid formulations. Major trends in the forecast period include increasing demand for high performance heat transfer fluids, rising use of synthetic lubricants, growing adoption in electronics cooling, expansion of fluids for extreme temperature applications, increasing focus on non toxic and stable fluids.

The increasing demand for consumer electronics is expected to propel the growth of the engineered fluids market going forward. Consumer electronics refers to electronic devices and gadgets designed for personal use, entertainment, and everyday convenience. Rising disposable incomes allow consumers to spend more on advanced gadgets and technology-driven products, contributing to increased demand. Engineered fluids are used in consumer electronics for cooling and thermal management, helping to enhance device performance and reliability. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, total electronic equipment production in Japan reached $52,36,535 million (¥771,457 million). Additionally, consumer electronics production increased to $2.17 trillion (¥32,099 million) in May 2023, up from $1.71 trillion (¥25,268 million) in May 2022. Therefore, the increasing demand for consumer electronics is driving the engineered fluids market.

Major companies operating in the engineered fluids market are focusing on introducing Synmerse DC, an immersion cooling fluid, to gain a competitive advantage. Synmerse DC is designed to dissipate heat effectively by submerging electronic components in a thermally conductive liquid, improving cooling performance in data centers and industrial applications. For instance, in October 2024, Perstorp, a Swedish chemicals company, launched its new immersion cooling fluid, Synmerse DC. This innovative product aims to enhance cooling efficiency across various applications, including data centers and industrial systems, while supporting sustainable cooling solutions and addressing the growing need for advanced thermal management in modern technology environments.

In February 2025, Relevant Industrial LLC, a US-based industrial equipment and engineered solutions company, acquired Controlled Fluids Inc. for an undisclosed amount. This acquisition strengthens Relevant Industrial’s position as a comprehensive solutions provider by adding extensive fluid-power, lubrication, and motion-control capabilities to its portfolio. Controlled Fluids Inc. is a US-based company specializing in engineered fluid power and lubrication solutions.

Major companies operating in the engineered fluids market are ExxonMobil Corporation, Royal Dutch Shell, TotalEnergies SE, BP plc, BASF SE, Dow Chemical Company, Honeywell International Inc., Daikin Industries, Shin-Etsu Chemical Co.Ltd., Solvay S.A., Arkema Group, Wacker Chemie AG, Huntsman Corporation, The Chemours Company, Lubrizol Corporation, Kuraray Co. Ltd., Clariant AG, Momentive Performance Materials Inc., Croda International Plc, Houghton International Inc., Quaker Chemical Corporation, Halocarbon Products Corporation, Nye Lubricants Inc., AGC Chemicals Americas Inc., Interflon, Engineered Fluids Inc., F2 Chemicals Ltd., Chemtool Incorporated.

Asia-Pacific was the largest region in the engineered fluids market in 2025. The regions covered in the engineered fluids market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the engineered fluids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The engineered fluids market consists of sales of dielectric coolants, single-phase liquid immersion coolants, hydraulic fluids, and transmission 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.

This product will be delivered within 1-3 business days.