The global metalworking fluids market is anticipated to grow at a considerable CAGR of 4.0% during the forecast period. China, India, and Brazil are expected to see massive investments in various sectors such as transportation, energy, construction, manufacturing and infrastructure. These sectors, in turn, will drive the demand for construction equipment parts, compressors, engines, and generators, that will further create the scope for lubricants that will improve operational efficiency even further. For instance, according to Department for Promotion of Industry and Internal Trade (DPIIT), cumulative FDI inflows in the manufacturing subsectors amounted to $100.35 billion between April 2000 and June 2021. The FDI aids manufacturing sector growth along with adoption of automated machines and equipment.
The heavy machines used in transportation and other infrastructure sector have a high requirement for synthetic and semi-synthetic-based fluids that provide improved machining efficiency, resistance to corrosion, and tool life. Over the projected period, growth in the heavy machinery sector is expected to increase the penetration of semi-synthetic and synthetic-based metalworking fluids. Metalworking fluids are used in large quantities during the fabrication of construction equipment and related components because of their ability to improve tool strength, provide a fine surface finish to work pieces, increase work piece overall effectiveness, and provide elevated fabrication.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Type
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- BP International Ltd., Chevron Corp., Exxon Mobil, FUCHS PETROLUB SE, Houghton International Electrical Services Ltd, Blaser Swisslube AG, PETRONAS Lubricants International, Total Energies SE, KLUBER LUBRICATION INDIA Pvt. Ltd., and others.
Metalworking Fluids Market Report by Segment
By Type
- Water-Soluble Oils
- Semi-Synthetic Fluids
- Synthetic Fluids
By Application
- Transport equipment
- Machinery
- Metal Fabrication
- Others (Drilling, Grinding)
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Metalworking Fluids Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- ANGUS Chemical Co.
- Blaser Swisslube AG
- HPCL
- Idemitsu Kosan Co. Ltd.
- Kemipex
- KLUBER LUBRICATION INDIA Pvt. Ltd.
- Kuwait Petroleum Corp.
- Lubrizol Corp.
- Milacron India Pvt. Ltd.
- MOTUL S.A.
- MORESCO
- PETRONAS Lubricants International
- Quaker Chemical Corp. d/b/a Quaker Houghton
- Total Energies SE
- Valvoline
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