Metalworking Fluids Market Size, Share & Trends Report

Metalworking Fluids Market Size, Share & Trends Analysis Report, By Product (Mineral, Synthetic, Bio-based), By Application, By Region, And Segment Forecasts, 2012 - 2022

  • Published Date: Feb, 2018
  • Base Year for Estimate: 2015
  • Report ID: 978-1-68038-744-5
  • Format: Electronic (PDF)
  • Historical Data: 2012 - 2015
  • Number of Pages: 125

Industry Insights 

The global metalworking fluids market size was valued USD 9.62 billion in 2016, projected to grow at a CAGR of 4.4% from 2016 to 2022. The market is anticipated to witness substantial growth over the next six years owing to growing demand from the manufacturing sector across Asia Pacific.

Asia Pacific is the most significant region for metalworking fluids and is the main driver for metalworking fluids market owing to the presence of a large number of manufacturers and consumers. Increasing production volumes in various sectors including automobile, defense, marine, and aerospace are expected to be a major factor driving the market in the region.

U.S. metalworking fluids market

The region is dominated by a large number of suppliers and distributors which has resulted in stiff competition in the market and led to aggressive pricing strategy adopted by various suppliers to increase their profitability margins. Growing investments from multiple automobile companies to expand their business presence in the region is significant contributor to driving demand in the region.

The demand for metalworking fluids in machinery is expected to rise significantly in Asia Pacific on account of rapid growth in the construction and industrial sectors in the region. Favorable government laws and the providence of subsidies are expected to fuel the growth of the machinery and transportation equipment industries.

Presence of market players like Japan Machinery Company Ltd, Reliance Industries Pvt Ltd, Hitachi, and Jindal group are expected to pour in high investments in this region with new technological advancements contributing towards the growth of the machinery and transportation equipment industry growth in the Asia Pacific region over the forecast period.

Rapid urbanization, increasing government spending, investment and consumer spending have paced Asian economy which is expected to trigger a rise in infrastructure development for the construction industry over the forecast period. Emerging economies, such as China, India, and Japan, are the key driving nations for the development of building & construction industry in this region.

Product Insights

Mineral oil-based metalworking fluids are traditionally the most consumed fluids owing to their low cost which means oil and gas companies adopt the strategy of economies of scale resulting in high volumes of production. Moreover, small and medium scale producers adopt for mineral oil based metalworking fluids owing to their price sensitive customers.

Several oil and gas companies including Indian Oil Co-operation Limited, ExxonMobil adopt captive consumption of mineral oil-based products. This is expected to result in influencing growth over the forecast period. In addition, mineral-based fluids are used in concentrated forms in various machining operations including turning, grinding, broaching, drilling and milling.

Synthetic metalworking fluids have witnessed a high demand over the past few years on account of their superior capabilities such as increasing the tool life, providing excellent surface finish and being environmentally friendly. They are expected to have better growth rate as compared to other metalworking fluids owing to the properties as mentioned earlier. However, customers in Asia Pacific region are still consuming mineral oil based fluids on account of their price sensitive nature.

Application Insights 

Neat cutting oils are used in wide variety of machining processing and are mainly used in almost all cutting operations. They are the least expensive cutting fluids and are having the most significant market share in terms of volume and revenue. Neat cutting oil accounted for 41.62% of the global volume in 2016.

Global metalworking fluids market

The neat cutting oils have witnessed a surge in demand from the manufacturing sector in the Asia Pacific owing to their low cost and providing cost-effective solutions for the high volume manufacturing sector in the emerging markets. With the use of high alloy steel in the heavy equipment manufacturing sector neat cutting oil demand is expected to witness strong growth over the forecast period.

Regional Insights

The market for metalworking fluids in North America is expected to experience growth on account of the positive outlook for the automobile industry over the next six years. The heavy machinery industry is expected to be a key factor in terms of demand for metalworking fluids in the region.

Some critical practices for the production of machinery are machining, forging, forming, bending, and stamping which are all used to shape individual pieces of metal. Processes, such as assembling, and welding are used to connect distinct parts together. The industry is a major contributor to the economy of the North American economy owing to their extensive use in the construction & manufacturing industry.

Strict regulations by the EU commission on the use of metalworking fluids in industries owing to safety and environmental concerns have led to manufacturers adopt semi-synthetic and bio-based metalworking fluids over the past few years. Increasing focus on reducing overhead costs and providing high-performance cutting and forming fluids has prompted manufacturers to opt for semi-synthetic and bio-based of products in the European region.

Metalworking Fluids Market Share Insights

Several companies including Petronas, Hindustan Petroleum Corporation, Indian Oil Corporation Limited, and Moresco Corporation are investing heavily in research and development of technology. Capacity expansion by companies including Apar Industries, Kuwait Petroleum International, and China Petroleum & Chemical Corporation will play an essential role in the growth of metalworking fluids.

Acquisitions and collaborations among various manufacturers are expected to be key features of the market. In January 2015, Motul announced that it was entering into a strategic alliance with DSK Motowheels and has become a lubricant partner for Benelli range of motorcycles. In December 2015, Indian Oil Corporation signed a memorandum of understanding (MoU) with Rosneft for collaboration in exploration and production and geological survey of hydrocarbons in onshore assets in the Russian Federation. Metalworking fluids is an extremely competitive and fragmented market.

Report scope



Base year for estimation


Historical data

2012 - 2015

Forecast period

2016 - 2022

Market representation                                 

Volume in Kilo Tons, Revenue in USD Million and CAGR from 2016 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., Germany, Russia, China, India, Brazil

Report coverage          

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional & country level and provides an analysis on the market trends in each of the sub-markets from 2012 to 2022. For the purpose of this study, Grand View Research has segmented the global metalworking fluids market report on the basis of grade, application and region:

  • Material Outlook (Volume, Kilo Tons; Revenue, USD Million; 2012 - 2022)

    • Mineral

    • Synthetic

    • Bio-based

  • Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2012 - 2022)

    • Neat Cutting Oils

    • Water Soluble Cutting Oils

    • Corrosion Preventive Oils

    • Others

  • Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2012 - 2022)

    • North America

      • U.S.

    • Europe

      • Germany

      • Russia

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

Key questions answered by the report
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