Metal Working Fluids Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Metal Working Fluids Market Report is Segmented by Product Type (Removal Fluids, Forming Fluids, Protection Fluids, and Treating Fluids) and Geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The Market Size and Forecasts are Provided in Value (USD) for all the Above Segments.

Metal Working Fluids Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Metal Working Fluids Market Size

Metal Working Fluids Market  Summary
Study Period 2019 - 2030
Market Volume (2025) 1.61 Billion liters
Market Volume (2030) 1.73 Billion liters
CAGR 1.41 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Metal Working Fluids Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Metal Working Fluids Market with other markets in Chemicals & Materials Industry

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Metal Working Fluids Market Analysis

The Metal Working Fluids Market size is estimated at 1.61 billion liters in 2025, and is expected to reach 1.73 billion liters by 2030, at a CAGR of 1.41% during the forecast period (2025-2030).

  • The growing demand from the automotive sector and the heavy machinery industry are the major factors driving the demand for metalworking fluids.
  • However, the adoption of dry machining technologies and stringent environmental regulations are expected to hinder the market.
  • Nevertheless, the emergence of multi-phase metal working fluids and advancements in technology are expected to create new opportunities for the market studied.
  • Asia-Pacific dominates the market, with countries like China, India, and Japan being the biggest consumers.

Metal Working Fluids Industry Overview

The metal working fluids market is partially consolidated in nature. The major players (not in any particular order) include Exxon Mobil Corporation, FUCHS, TotalEnergies, BP PLC, and Chevron Corporation.

Metal Working Fluids Market Leaders

  1. Exxon Mobil Corporation

  2. FUCHS

  3. TotalEnergies

  4. BP p.l.c.

  5. Chevron Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Metal Working Fluids Market Concentration
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Metal Working Fluids Market News

  • September 2023: FUCHS Group inaugurated a state-of-the-art facility in Ba Ria-Vung Tau, Vietnam, with an investment of EUR 9 million (USD 9.52 million). The plant's production range includes automotive oils, industrial oils, metalworking fluids, and specialized solutions for the mining sector. This strategic investment positions FUCHS Vietnam to swiftly address the growing lubricant demands in the region.
  • February 2023: Univar Solutions Inc. secured exclusive distribution rights for Automate's oil-based dyes and authorized distribution rights for water-based dyes. These agreements cater specifically to customers in lubricants and metalworking fluids across the United States and Canada. This new agreement enhances Univar Solutions' specialty ingredients portfolio, offering products designed for diverse applications in lubricant, oil, grease, and fuel coloration.

Metal Working Fluids Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Growing Demand from the Automotive Sector
    • 4.1.2 Increasing Demand from the Heavy Machinery Industry
    • 4.1.3 Other Drivers
  • 4.2 Market Restraints
    • 4.2.1 Adoption of Dry Machining Technologies
    • 4.2.2 Stringent Environmental Regulations
    • 4.2.3 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 By Product Type
    • 5.1.1 Removal Fluids
    • 5.1.2 Forming Fluids
    • 5.1.3 Protection Fluids
    • 5.1.4 Treating Fluids
  • 5.2 By Geography
    • 5.2.1 Asia-Pacific
    • 5.2.1.1 China
    • 5.2.1.2 India
    • 5.2.1.3 Japan
    • 5.2.1.4 South Korea
    • 5.2.1.5 Malaysia
    • 5.2.1.6 Thailand
    • 5.2.1.7 Indonesia
    • 5.2.1.8 Vietnam
    • 5.2.1.9 Rest of Asia-Pacific
    • 5.2.2 North America
    • 5.2.2.1 United States
    • 5.2.2.2 Canada
    • 5.2.2.3 Mexico
    • 5.2.3 Europe
    • 5.2.3.1 Germany
    • 5.2.3.2 United Kingdom
    • 5.2.3.3 France
    • 5.2.3.4 Italy
    • 5.2.3.5 Spain
    • 5.2.3.6 NORDIC Countries
    • 5.2.3.7 Turkey
    • 5.2.3.8 Russia
    • 5.2.3.9 Rest of Europe
    • 5.2.4 South America
    • 5.2.4.1 Brazil
    • 5.2.4.2 Argentina
    • 5.2.4.3 Colombia
    • 5.2.4.4 Rest of South America
    • 5.2.5 Middle East and Africa
    • 5.2.5.1 Saudi Arabia
    • 5.2.5.2 Qatar
    • 5.2.5.3 United Arab Emirates
    • 5.2.5.4 Nigeria
    • 5.2.5.5 Egypt
    • 5.2.5.6 South Africa
    • 5.2.5.7 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share(%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 BP PLC
    • 6.4.2 Carl Bechem Lubricants India Private Limited
    • 6.4.3 Chevron Corporation
    • 6.4.4 Exxon Mobil Corporation
    • 6.4.5 FUCHS
    • 6.4.6 Hindustan Petroleum Corporation Limited
    • 6.4.7 Indian Oil Corporation Ltd
    • 6.4.8 Kemipex
    • 6.4.9 SKF
    • 6.4.10 Motul
    • 6.4.11 PETRONAS Lubricants International
    • 6.4.12 TotalEnergies
    • 6.4.13 Saudi Arabian Oil Co.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Emergence of Multi-phase Metal Working Fluids
  • 7.2 Advancements in Technology
  • 7.3 Other Opportunities
**Subject to Availability
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Metal Working Fluids Industry Segmentation

Metalworking fluids (MWFs) encompass oils and liquids crucial for cooling and lubricating metal workpieces during machining, milling, and grinding processes. These fluids mitigate heat and friction, thereby averting burning and smoking. Moreover, they enhance workpiece quality by effectively clearing fines, chips, and swarfs from both the tool and the workpiece surface.

The metal working fluids market is segmented by product type and geography. By product type, the market is segmented into removal fluids, forming fluids, protection fluids, and treating fluids. By geography, the market is segmented into Asia-Pacific, North America, Europe, South America, and the Middle East and Africa. The report also covers the market size and forecasts for the metalworking fluids market in 27 major countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of value (USD).

By Product Type Removal Fluids
Forming Fluids
Protection Fluids
Treating Fluids
By Geography Asia-Pacific China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
NORDIC Countries
Turkey
Russia
Rest of Europe
South America Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa Saudi Arabia
Qatar
United Arab Emirates
Nigeria
Egypt
South Africa
Rest of Middle East and Africa
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Metal Working Fluids Market Research FAQs

How big is the Metal Working Fluids Market?

The Metal Working Fluids Market size is expected to reach 1.61 billion liters in 2025 and grow at a CAGR of 1.41% to reach 1.73 billion liters by 2030.

What is the current Metal Working Fluids Market size?

In 2025, the Metal Working Fluids Market size is expected to reach 1.61 billion liters.

Who are the key players in Metal Working Fluids Market?

Exxon Mobil Corporation, FUCHS, TotalEnergies, BP p.l.c. and Chevron Corporation are the major companies operating in the Metal Working Fluids Market.

Which is the fastest growing region in Metal Working Fluids Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Metal Working Fluids Market?

In 2025, the Asia Pacific accounts for the largest market share in Metal Working Fluids Market.

What years does this Metal Working Fluids Market cover, and what was the market size in 2024?

In 2024, the Metal Working Fluids Market size was estimated at 1.59 billion liters. The report covers the Metal Working Fluids Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Metal Working Fluids Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Metal Working Fluids Industry Report

The global metalworking fluids market is experiencing significant growth, driven by diverse industrial demands and regional expansions, particularly in the Asia-Pacific region. The market is segmented based on product types, including mineral, synthetic, and bio-based fluids, with mineral oils holding a substantial share due to their cost-effectiveness. Applications such as neat cutting oils and water cutting oils are categorized, with neat cutting oils dominating due to their extensive use in various machining processes. Key end-use industries like machinery, transportation equipment, and construction are major contributors to the market's expansion. The machinery segment is witnessing robust growth due to increased demand for agricultural and construction equipment, while the transportation equipment segment is also expected to see significant growth. Industrial end-users such as construction and automobile sectors are pushing the demand for metalworking fluids, with the construction segment leading due to rising global urbanization and infrastructure projects. The automobile industry is anticipated to grow rapidly, fueled by increasing luxury car sales and advancements in manufacturing processes that require high-quality metalworking fluids. For detailed statistics and a market forecast outlook, refer to Mordor Intelligence™ Industry Reports, which provide a comprehensive historical overview and a free report PDF download.