Metal Working Fluids Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Product Type (Removal Fluids, Forming Fluids, Protection Fluids, and Treating Fluids) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Metal Working Fluids Market Overview
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: <2 %
Metal Working Fluids Market Key Players

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Market Overview

The market for metalworking fluids market is expected to grow at a CAGR of less than 2% during the forecast period. The major factor driving the growth of the market studied is the growth of the heavy machinery industry. On the flip side, the rising trend of dry machining is expected to hinder the growth of the market studied.

  • Removal Fluids dominated the market with a significant share and is expected to witness significant demand during the forecast period.
  • Asia-Pacific dominated the market with a share of more than 35% and is expected to witness a fastest growth rate during the forecast period.

Scope of the report

The metalworking fluids market report include:

Product Type
Removal Fluids
Forming Fluids
Protection Fluids
Treating Fluids
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Removal Fluids to Dominate the Market

  • Removal fluids are crucial ingredients for metal removal and forming. They also help in extending the service lives of the tools, saving thousands of Dollars.
  • These fluids usually contain high-performance soluble oil and semi-synthetic emulsion technology and offer a wide range of performance capabilities to meet the industrial requirements for machining and grinding operations.
  • Removal fluids are designed to work in a variety of hard and soft water qualities and offer low foam and long-term corrosion protection for machines and components. They are supplied in concentrated form and require mixing with water at the point of use.
  • In recent years, the removal of fluid technology advanced considerably. Thus, currently, the right fluid for a particular process has the potential to significantly increase the efficiency and process productivity.
  • The demand for coolants, cutting fluids, and grinding fluids is anticipated to drive the market of removal fluids during the forecast period. However, due to the ever-increasing focus on utilizing green solutions that reduce the environmental impact, the market studied is anticipated to drift toward synthetic, semi-synthetic, and bio-based products.
Metal Working Fluids Market Key Trends

Asia-Pacific to Witness Fastest Growth

  • Asia-Pacific region dominated the market during the forecast period primarily due to the increasing demand from the agriculture and construction sector.
  • China and India combined to hold a significant share not only in the regional market whereas India is expected to witness the fastest growth rate across the globe.
  • Increasing demand from heavy machinery applications is one of the key driving factors for the market in India.
  • The increasing industrialization and economic development are driving the growth of the Indian heavy machinery industry. According to the IBEF, in India, the engineering research and design sector are expected to increase fourfold, by 2020.
  • Metalworking fluids (MWFs) are extensively used during the manufacturing processes of heavy machinery and equipment. Thus, with the increasing demand for such machinery, the demand for MWFs is also anticipated to increase in the near future.
  • The heavy machinery industry covers a wide range of sub-sectors, such as machine tools, heavy electrical equipment, cement machinery, material handling machinery, plastics processing machinery, process plant equipment, earth moving, and construction and mining equipment, among others.
  • However, the market faced slight challenges in Q3 of 2019, with regard to the production cuts by major construction equipment manufacturers, JCB and Tata Hitachi, which may act as a short-term restraining factor for the market’s growth. The trend is expected to phase out over the next couple of years, giving the market a positive outlook for 2024.
Metal Working Fluids Market Key Trends

Competitive Landscape

The market studied is partially consolidated among the top players. The key players include Exxon Mobil Corporation, FUCHS, Total, BP plc, and Chevron U.S.A. Inc., among others.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Growth of the Heavy Machinery Industry

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Rising Trend of Dry Machining

      2. 4.2.2 Impact of COVID-19 Pandemic

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Product Type

      1. 5.1.1 Removal Fluids

      2. 5.1.2 Forming Fluids

      3. 5.1.3 Protection Fluids

      4. 5.1.4 Treating Fluids

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.2.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.2.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      4. 5.2.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BP plc

      2. 6.4.2 Carl Bechem Lubricants India

      3. 6.4.3 Chevron U.S.A. Inc.

      4. 6.4.4 Exxon Mobil Corporation

      5. 6.4.5 FUCHS

      6. 6.4.6 HPCL

      7. 6.4.7 Indian Oil Corporation Ltd

      8. 6.4.8 Kemipex

      9. 6.4.9 Klüber Lubrication München SE & Co. KG

      10. 6.4.10 Lonza

      11. 6.4.11 Milacron (Cimcool)

      12. 6.4.12 Motul

      13. 6.4.13 Petronas Lubricants International

      14. 6.4.14 Total

      15. 6.4.15 Valvoline Inc.

    5. *List Not Exhaustive

**Subject to Availability

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Frequently Asked Questions

The Metal Working Fluids Market market is studied from 2016 - 2026.

The Metal Working Fluids Market is growing at a CAGR of <2% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Exxon Mobil Corporation, FUCHS , Total, BP plc, Chevron U.S.A. Inc. are the major companies operating in Metal Working Fluids Market.

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