Metalworking Fluids Market
Global Metalworking Fluids Market Size, Share & Trends Analysis Report by Type (Water-Soluble Oils, Semi-Synthetic Fluids and Synthetic Fluids), and by Application (Transport Equipment, Machinery, Metal Fabrication and Others) Forecast Period (2021-2027) Update Available - Forecast 2024-2030
The global metalworking fluids market is anticipated to grow at a CAGR of around 4.0% during the forecast period. Growing demand for metalworking fluids from transportation and automotive industry is the key factor driving the market growth. Metalworking fluids are widely used by automotive manufacturers due to production of various automotive parts and equipment. Emerging economies like India, China, Brazil, and Russia have seen significant growth in the automotive and transportation industries, particularly in the manufacturing sectors. The main factor influencing demand for these products is the increased production of vehicles. Aside from the automotive industry, the aerospace, railway, marine, and defence industries are all contributing to the expansion of metalworking fluids market. For instance, according to India Brand Equity Foundation (IBEF), by 2026, the Indian automotive industry is projected to be worth Rs. 16.16-18.18 trillion ($ 251.4-282.8 billion).
Impact of COVID-19 Pandemic on Global Metalworking Fluids Market
The COVID-19 pandemic had disrupted the manufacturing operations of various industries across the globe, which had drastically created demand-supply gap. The automotive industry and other industries halted their production activities due to the COVID-19 pandemic. Due to labour unavailablity, slow down in logistics and supply chain disruptions has reduced the demand of metalworking fuids. Therefore, the demand for metalworking fluid was adversely affected by the COVID-19 pandemic. As the COVID-19 situation normalizes, the metalworking fluids market started recovery as industrial operations were normalized after the recovery.
Segmental Outlook
The global metalworking fluids market is segmented based on the type and application. Based on the type, the market is segmented into water-soluble oils, semi-synthetic fluids and synthetic fluids. Among these, synthetic fluid holds the highest share in the makret. Since they are water-based, they also typically contain corrosion inhibitors as well as biocides to hinder the growth of bacteria. Which drives their high demand in manufacturing sector. Based on the application, the market is sub-segmented into the transport equipment, machinery, metal fabrication and others..
Global Metalworking Fluids Market Share by Application, 2020 (%)
The Machinery Segment Holds the Major Share in the Global Metalworking Fluids Market
Based on the application, it is expected that machinery segment will have considerable contribution in the growth of the global metalworking fluids market. Growing demand of heavy machineries will propel the growth of this segment. The continuous production causes the machinery to heat up. Coolants are used to keep machine parts cool. Corrosion prevention is also necessary for smooth functioning. Metalworking fluids, forming a protective layer prevents seasonal and bimetallic corrosion. Metalworking fluids will be in high demand as heavy machinery is used in automotive.
Regional Outlooks
The global metalworking fluids market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America).
Global Metalworking Fluids Market Growth, by Region 2021-2027
The Asia-Pacific Region Dispalyed the Fastest Growth in the Global Metalworking Fluids Market
It is anticipated that the Asia-Pacific region will grow at the fastest CAGR in the global metalworking fluids market, primarily as a result of increased demand from the agricultural and construction sectors. China and India have a significant market share not only in the region, but also globally, and India’s automotive sector is expected to grow at the fastest rate in upcoming years. Growing industrialization and economic development in India are propelling heavy machinery industry growth. Metalworking fluids are widely used in the production of heavy machinery and equipment. As a result of the increased demand for such machinery, the demand for metalworking fluids is expected to rise in the region, during anticipated timeframe. High growth in the base oil market, rapid industrialization, and urbanisation are some other factors driving the market growth.
Market Players Outlook
The major companies serving the global Metalworking Fluids market include 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. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, Master Fluid Solutions acquired Wilhelm Dietz GmbH to expand its global footprint and to gain manufacturing capabilities in mainland Europe to fulfill the demand for metalworking fluids from manufacturing sector. The acquisition also enabled Master Fluid Solution to add new services and capabilities to its industry-leading product line.
The Report Covers
• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global metalworking fluids market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Metalworking Fluids Market
• Recovery Scenario of Global Metalworking Fluids Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. BP International Ltd.
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Chevron Corp.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Exxon Mobil Corp
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. FUCHS Group
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Houghton International Electrical Services Ltd.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Metalworking Fluids Market by Type
4.1.1. Water-Soluble Oils
4.1.2. Semi-Synthetic Fluids
4.1.3. Synthetic Fluids
4.2. Global Metalworking Fluids Market by Application
4.2.1. Transport equipment
4.2.2. Machinery
4.2.3. Metal Fabrication
4.2.4. Others ( Drilling, Grinding)
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. ANGUS Chemical Co.
6.2. Blaser Swisslube AG
6.3. HPCL
6.4. Idemitsu Kosan Co. Ltd.
6.5. Kemipex
6.6. KLUBER LUBRICATION INDIA Pvt. Ltd.
6.7. Kuwait Petroleum Corp.
6.8. Lubrizol Corp.
6.9. Milacron India Pvt. Ltd.
6.10. MOTUL S.A.
6.11. MORESCO
6.12. PETRONAS Lubricants International
6.13. Quaker Chemical Corp. d/b/a Quaker Houghton
6.14. Total Energies SE
6.15. Valvoline
1. GLOBAL METALWORKING FLUIDS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
2. GLOBAL WATER-SOLUBLE METALWORKING OIL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL SEMI-SYNTHETIC METALWORKING FLUIDS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL SYNTHETIC METALWORKING FLUIDS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL METALWORKING FLUIDS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
6. GLOBAL METALWORKING FLUIDS IN TRANSPORT EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL METALWORKING FLUIDS IN MACHINERY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL METALWORKING FLUIDS IN METAL FABRICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL METALWORKING FLUIDS IN OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL METALWORKING FLUIDS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
11. NORTH AMERICAN METALWORKING FLUIDS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
12. NORTH AMERICAN METALWORKING FLUIDS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
13. NORTH AMERICAN METALWORKING FLUIDS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
14. EUROPEAN METALWORKING FLUIDS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
15. EUROPEAN METALWORKING FLUIDS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
16. EUROPEAN METALWORKING FLUIDS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
17. ASIA-PACIFIC METALWORKING FLUIDS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
18. ASIA-PACIFIC METALWORKING FLUIDS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
19. ASIA-PACIFIC METALWORKING FLUIDS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
20. REST OF THE WORLD METALWORKING FLUIDS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. REST OF THE WORLD METALWORKING FLUIDS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
22. REST OF THE WORLD METALWORKING FLUIDS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL METALWORKING FLUIDS MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL METALWORKING FLUIDS MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL METALWORKING FLUIDS MARKET, 2021-2027 (%)
4. GLOBAL METALWORKING FLUIDS MARKET SHARE BY TYPE, 2020 VS 2027 (%)
5. GLOBAL WATER-SOLUBLE METALWORKING OILS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL SEMI-SYNTHETIC METALWORKING FLUIDS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL SYNTHETIC METALWORKING FLUIDS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL METALWORKING FLUIDS MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
9. GLOBAL METALWORKING FLUIDS IN TRANSPORT EQUIPMENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL METALWORKING FLUIDS IN MACHINERY MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL METALWORKING FLUIDS IN METAL FABRICATION MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL METALWORKING FLUIDS IN OTHERS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL METALWORKING FLUIDS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. US METALWORKING FLUIDS MARKET SIZE, 2020-2027 ($ MILLION)
15. CANADA METALWORKING FLUIDS MARKET SIZE, 2020-2027 ($ MILLION)
16. UK METALWORKING FLUIDS MARKET SIZE, 2020-2027 ($ MILLION)
17. FRANCE METALWORKING FLUIDS MARKET SIZE, 2020-2027 ($ MILLION)
18. GERMANY METALWORKING FLUIDS MARKET SIZE, 2020-2027 ($ MILLION)
19. ITALY METALWORKING FLUIDS MARKET SIZE, 2020-2027 ($ MILLION)
20. SPAIN METALWORKING FLUIDS MARKET SIZE, 2020-2027 ($ MILLION)
21. REST OF EUROPE METALWORKING FLUIDS MARKET SIZE, 2020-2027 ($ MILLION)
22. INDIA METALWORKING FLUIDS MARKET SIZE, 2020-2027 ($ MILLION)
23. CHINA METALWORKING FLUIDS MARKET SIZE, 2020-2027 ($ MILLION)
24. JAPAN METALWORKING FLUIDS MARKET SIZE, 2020-2027 ($ MILLION)
25. SOUTH KOREA METALWORKING FLUIDS MARKET SIZE, 2020-2027 ($ MILLION)
26. REST OF ASIA-PACIFIC METALWORKING FLUIDS MARKET SIZE, 2020-2027 ($ MILLION)
27. REST OF THE WORLD METALWORKING FLUIDS MARKET SIZE, 2020-2027 ($ MILLION)
