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Report
Metalworking Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-07-05 I 140 Pages I IMARC Group
Market Overview:
The global metalworking fluids market size reached US$ 11.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.
Metalworking fluids (MWF) refer to a range of liquids and oils that are used to lubricate and cool down metal pieces while they are being machined, ground and milled. The MWFs reduce friction and heat in-between the cutting tool and the workpiece and prevent smoking or burning while inhibiting corrosion. These fluids find extensive applications worldwide in mechanical workshops for cutting and shaping metals. Furthermore, they aid in extending a vehicle's component life by maintaining lubrication, reducing the chances of wear and tear or any physical and thermal deformation, along with delivering superior surface finish and texture in the welding process.
The thriving automotive industry is the key factor driving the market. Metals are widely used to provide structural strength and durability to automobile vehicles. Consequently, metalworking fluids are required for metal removal, chemical treatment and protection, and enhancing the overall work hours of the tool. Furthermore, increased consumer spending on vehicle modifications has catalyzed the market growth. A shift in the preference from traditional metal alloys to stainless steel, aluminum and titanium is also projected to drive the market further. These metals provide lightweight and long-lasting features to the equipment which are highly desirable in the market. Moreover, increasing research and development (R&D) activities conducted by original equipment manufacturers (OEM) to produce higher volumes of metal components that ensure energy efficiency in equipment is also projected to drive the demand for metalworking fluids in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global metalworking fluids market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, source, end use, fluid type and industry.
Breakup by Product Type:
Removal Fluids
Forming Fluids
Protection Fluids
Treating Fluids
Breakup by Source:
Mineral
Synthetic
Bio-Based
Breakup by End Use:
Transportation Equipment
Machinery
Primary Metals
Fabricated Metal Products
Metal Cans
Others
Breakup by Fluid Type:
Neat Cutting Oils
Water Cutting Oils
Soluble Cutting Oils
Semi-synthetic Cutting Oils
Synthetic Cutting Oils
Corrosion Preventive Oils
Others
Breakup by Industry:
Construction
Electrical and Power
Agriculture
Automobile
Aerospace
Others
Breakup by Region:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being BP, Chevron, Houghton International, ExxonMobil, Total S.A., Apar, Hindustan Petroleum Corporation Limited, Castrol Limited, Indian Oil Corporation Limited, Lubrizol, Gazprom, Pertamina, Columbia Petro, PETRONAS Lubricants International and Quaker Chemical Corporation.
Key Questions Answered in This Report:
How has the global metalworking fluids market performed so far and how will it perform in the coming years?
What are the key regional markets in the global metalworking fluids industry?
What has been the impact of COVID-19 on the global metalworking fluids industry?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the source?
What is the breakup of the market based on the end use?
What is the breakup of the market based on the fluid type?
What is the breakup of the market based on the industry?
What are the various stages in the value chain of the global metalworking fluids industry?
What are the key driving factors and challenges in the global metalworking fluids industry?
What is the structure of the global metalworking fluids industry and who are the key players?
What is the degree of competition in the global metalworking fluids industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Metalworking Fluids Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by Source
5.6 Market Breakup by End Use
5.7 Market Breakup by Fluid Type
5.8 Market Breakup by Industry
5.9 Market Breakup by Region
5.10 Market Forecast
6 Market Breakup by Product Type
6.1 Removal Fluids
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Forming Fluids
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Protection Fluids
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Treating Fluids
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Source
7.1 Mineral
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Synthetic
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Bio-Based
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by End Use
8.1 Transportation Equipment
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Machinery
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Primary Metals
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Fabricated Metal Products
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Metal Cans
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Fluid Type
9.1 Neat Cutting Oils
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Water Cutting Oils
9.2.1 Market Trends
9.2.2 Major Types
9.2.2.1 Soluble Cutting Oils
9.2.2.2 Semi-synthetic Cutting Oils
9.2.2.3 Synthetic Cutting Oils
9.2.3 Market Forecast
9.3 Corrosion Preventive Oils
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Industry
10.1 Construction
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Electrical and Power
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Agriculture
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Automobile
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Aerospace
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Others
10.6.1 Market Trends
10.6.2 Market Forecast
11 Market Breakup by Region
11.1 Asia Pacific
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 North America
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Europe
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Middle East and Africa
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 Latin America
11.5.1 Market Trends
11.5.2 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 BP
16.3.2 Chevron
16.3.3 Houghton International
16.3.4 ExxonMobil
16.3.5 Total S.A.
16.3.6 Apar
16.3.7 Hindustan Petroleum Corporation Limited
16.3.8 Castrol Limited
16.3.9 Indian Oil Corporation Limited
16.3.10 Lubrizol
16.3.11 Gazprom
16.3.12 Pertamina
16.3.13 Columbia Petro
16.3.14 PETRONAS Lubricants International
16.3.15 Quaker Chemical Corporation
Figure 1: Global: Metalworking Fluids Market: Major Drivers and Challenges
Figure 2: Global: Metalworking Fluids Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Metalworking Fluids Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Metalworking Fluids Market: Breakup by Source (in %), 2022
Figure 5: Global: Metalworking Fluids Market: Breakup by End Use (in %), 2022
Figure 6: Global: Metalworking Fluids Market: Breakup by Fluid Type (in %), 2022
Figure 7: Global: Metalworking Fluids Market: Breakup by Industry (in %), 2022
Figure 8: Global: Metalworking Fluids Market: Breakup by Region (in %), 2022
Figure 9: Global: Metalworking Fluids Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 10: Global: Metalworking Fluids Industry: SWOT Analysis
Figure 11: Global: Metalworking Fluids Industry: Value Chain Analysis
Figure 12: Global: Metalworking Fluids Industry: Porter's Five Forces Analysis
Figure 13: Global: Metalworking Fluids (Removal Fluids) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Metalworking Fluids (Removal Fluids) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Metalworking Fluids (Forming Fluids) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Metalworking Fluids (Forming Fluids) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Metalworking Fluids (Protection Fluids) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Metalworking Fluids (Protection Fluids) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Metalworking Fluids (Treating Fluids) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Metalworking Fluids (Treating Fluids) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Metalworking Fluids (Mineral) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Metalworking Fluids (Mineral) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Metalworking Fluids (Synthetic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Metalworking Fluids (Synthetic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Metalworking Fluids (Bio-Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Metalworking Fluids (Bio-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Metalworking Fluids (Transportation Equipment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Metalworking Fluids (Transportation Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Metalworking Fluids (Machinery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Metalworking Fluids (Machinery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Metalworking Fluids (Primary Metals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Metalworking Fluids (Primary Metals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Metalworking Fluids (Fabricated Metal Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Metalworking Fluids (Fabricated Metal Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Metalworking Fluids (Metal Cans) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Metalworking Fluids (Metal Cans) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Metalworking Fluids (Other End Uses) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Metalworking Fluids (Other End Uses) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Metalworking Fluids (Neat Cutting Oils) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Metalworking Fluids (Neat Cutting Oils) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Metalworking Fluids (Water Cutting Oils) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Metalworking Fluids (Water Cutting Oils) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Metalworking Fluids (Corrosion Preventive Oils) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Metalworking Fluids (Corrosion Preventive Oils) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: Metalworking Fluids (Other Fluid Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Metalworking Fluids (Other Fluid Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Global: Metalworking Fluids (Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Global: Metalworking Fluids (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Global: Metalworking Fluids (Electrical and Power) Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Global: Metalworking Fluids (Electrical and Power) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Global: Metalworking Fluids (Agriculture) Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Global: Metalworking Fluids (Agriculture) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Global: Metalworking Fluids (Automobile) Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Global: Metalworking Fluids (Automobile) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Global: Metalworking Fluids (Aerospace) Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Global: Metalworking Fluids (Aerospace) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Global: Metalworking Fluids (Other Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Global: Metalworking Fluids (Other Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Asia Pacific: Metalworking Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Asia Pacific: Metalworking Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: North America: Metalworking Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: North America: Metalworking Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Europe: Metalworking Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Europe: Metalworking Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Middle East and Africa: Metalworking Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Middle East and Africa: Metalworking Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Latin America: Metalworking Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Latin America: Metalworking Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Table 1: Global: Metalworking Fluids Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Metalworking Fluids Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Metalworking Fluids Market Forecast: Breakup by Source (in Million US$), 2023-2028
Table 4: Global: Metalworking Fluids Market Forecast: Breakup by End Use (in Million US$), 2023-2028
Table 5: Global: Metalworking Fluids Market Forecast: Breakup by Fluid Type (in Million US$), 2023-2028
Table 6: Global: Metalworking Fluids Market Forecast: Breakup by Industry (in Million US$), 2023-2028
Table 7: Global: Metalworking Fluids Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Metalworking Fluids Market Structure
Table 9: Global: Metalworking Fluids Market: Key Players
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