Metalworking Fluids Market Size By Product (Neat Oil, Soluble Oil, Semi-Synthetic Fluid, Synthetic Fluid), By Application (Removal Fluids, Forming Fluids, Protecting Fluids, Treating Fluids) Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025

Published Date: May 2018  |  Report ID: GMI831  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 281   |   Base Year: 2017

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Metalworking Fluids Market size valued at USD 10 billion in 2017 and is estimated to register more than 4.5% CAGR from 2018 to 2025.

U.S. Metalworking Fluids Market Size, By Product, 2014 - 2025 (USD Million)

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The growing need to provide exceptional surface finish, eliminate metal chips, diminish friction between working tools and elongate tool life is analyzed to be a major factor propelling the global metalworking fluids market revenue by 2025. Global product market will be primarily driven by the rising demand for metal processing and designing applications in automotive and general manufacturing industries. Healthy upsurge in the above-mentioned industries will be the major factor contributing to the product market size by 2025. MWF are a varied range of liquid solutions and oils that aids to cool and lubricate the metal pieces while they are milled, grounded or machined. These fluids are employed during the aforementioned operations to lessen the tool and workpiece friction, preventing the machine from smoking or burning. Moreover, increasing customer spending towards automobile customizations will stimulate the MWF demand considerably in the forecast timeframe.

Rising automotive production and sales across the globe along with increasing demand for vehicle modification will positively influence the overall MWF market size in the coming years. For instance, the global vehicle production, including personal and commercial, was more than 97 million units in 2017 and will increase steadily over the forecast period. Automotive sales are witnessing robust growth in Asia Pacific and Latin America, particularly due to increasing consumer expenditure towards personal vehicles.

Crude oil price volatility and the high initial investments related to MWF disposal may prove to be an obstruction in the product market growth in the upcoming years. Stern government regulations regarding the proper disposal of metalworking fluids are compelling several manufacturers to adapt new waste treatment processes to abide the waste treatment guidelines. These waste treatment facilities incur a heavy initial cost that is anticipated to hinder the product demand in the coming years.

Metalworking Fluids Market Report Coverage
Report Coverage Details
Base Year: 2017 Market Size in 2017: 10 Billion (USD)
Historical Data for: 2013 to 2017 Forecast Period: 2018 to 2025
Forecast Period 2018 to 2025 CAGR: 4.5% 2025 Value Projection: 15 Billion (USD)
Pages: 281 Tables, Charts & Figures: 346
Geographies covered (18): U.S., Canada, UK, Germany, France, Italy, Spain, China, India, Japan, Australia, Malaysia, Indonesia, Brazil, Mexico, South Africa, Saudi Arabia, UAE
Segments covered: Product, Application and Region
Companies covered (39): Apar Industries Ltd., Castrol Limited, Chevron Phillips Chemical Company, Chem Arrow Corporation, ExxonMobil Corporation, FUCHS, Houghton, Lukoil Lubricants, The Lubrizol Corporation, Total, Quaker Chemical Corporation, The Dow Chemical Company, Master Chemical Corporation, Milacron, Henkel, Infineum International Limited, Afton Chemical Limited, Chemetall GmbH, PPG Industries Inc., Royal Dutch Shell PLC, Idemitsu Kosan Co. Ltd., Nihon Parkerizing Co. Ltd., Yushiro Chemical Industry Co. Ltd., Francool Technology (Shenzhen) Co. Ltd., Daido Chemical Engineering Corp., Blaser Swisslube AG, HPCL, Indian Oil Corporation Limited, Sinopec, Suzhou Special Chemicals, Shanghai Parker Chemical Company, Guangzhou Mechanical Engineering Research Institute, SAMHWA Lube, SK Holdings Co. Ltd., Kyodo Yushi Co. Ltd., N-S Lubricants Co. Ltd., PT Pertamina, Petrofer Chemie H. R. Fischer GmbH + Co. KG, Oemeta
Growth Drivers:
  • Robust growth in automotive industry
  • Growing metal & steel fabrication business
Pitfalls & Challenges:
  • Associated environmental and worker health hazards

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By Product

Metalworking fluids market is segregated into various key products that include semi-synthetic fluid, neat oil, soluble oil and synthetic fluid. Soluble oil accounted for more than 40% of the overall industry volume in 2017. Soluble oils are good at lubricating the cutting process at lower cutting speeds. It also protects machine surface from corrosion and provides ease of chip handling. Synthetic fluids is observed to grow at a rapid pace, with a CAGR over 4% during the forecast timespan owing to its superior properties of delivering great surface finish and escalated tool life.

By Application

Based on applications, the metalworking fluids (MWF) market is separated into treating fluids, removal fluids, protecting fluids and forming fluids. Removal fluids registered a revenue more than USD 5 billion in 2017 and accounted for more than half of the overall volume. In addition, this application segment will witness maximum growth by 2025. These fluids for forming applications will witness prominent gains of 4.0 % CAGR by 2025. Forming fluids are used to reshape a work piece without adding or removing the metal and keeping the mass unchanged. The afore mentioned aspects will facilitate the global MWF industry size over the forecast spell.

By Region

Based on the geography, the product market is bifurcated into Europe, North America, Latin America (LATAM), Asia Pacific and Middle East & Africa (MEA). North America and Europe region will witness moderate growth rate during the forecast period. In terms of volume, Europe metalworking fluids market will expand with more than 2.5% CAGR between 2018 and 2025. Presence of major automotive manufacturers in Germany include Mercedes, Volkswagen and Ford will complement the regional business growth. However, abundant availability of raw materials, low cost workforce and penetration in significant potential markets has compelled many automobile manufacturers from Europe and North America to set up their manufacturing units in the Asia Pacific territory. This instead is projected to positively boost the specialty fluids demand for automobile industry in several Asian countries by 2025.

Competitive Market Share

The MWF market is contributed by the presence of several large, medium and small key manufacturers. The product market is highly competitive and comprises of Castrol Limited, Apar Industries Ltd, Chevron Phillips Chemical Company LP, Exxon Mobil, Chem Arrow Corporation, FUCHS, Lukoil Lubricants, Houghton International Inc., Quaker Chemical Corporation, TOTAL Sa, The Dow Chemical, Milacron, Master Chemical Corporation, PPG Industries, Henkel Corporation, Royal Dutch and several other manufacturers.

In addition, the market competitors are continuously trying to obtain competitive edge and are enhancing its presence around the world by expanding product portfolio and its production capacity. Likewise, Castrol Ltd. adjoined its business units by entering into a joint venture with Bloodhound, a Land Speed Record Project by Jaguar in November 2014. They joined their trades to supply advanced lubricants, which will give it a competitive advantage over other market players.

Industry Background

Metalworking fluids market is mainly driven by increasing applications in automotive, aerospace and marine industries. These materials offer superior lubrication while cutting tool edge, that offers precise cut coupled with enhanced total work hours of the instrument. The fluids are extensively used in the manufacturing processes of automobiles and aircraft body parts and numerous other components. Substantial thrive in the aerospace and automotive industry throughout the globe will surely augment the market size by 2025.

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