Metalworking Fluids Market Trends Analysis, Size, Forecasts, 2026 | Exxon Mobil, FUCHS, Clariant, Lubrizol, TOTAL, Dow, Henkel, PPG Industries

The metalworking fluids market size from synthetic fluids would be witnessing an accelerated growth rate over 2020-2026, that can be essentially attributed to the expansion of the aerospace industry worldwide. Incidentally, the aerospace sector has been adopting more and more synthetic fluids for a plethora of manufacturing processes in recent times. The synthetic fluids possess properties such as non-flammability & resistance to higher temperatures, superior resistance to corrosion and rust which makes them the prime substitute to petroleum-based oils.

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Global metalworking fluids market forecast will be mainly driven by robust demand across aerospace, defense, marine, and automotive applications. Rapid industrialization and urbanization, particularly in emerging economies, and the subsequent growth of the construction sector is anticipated to fuel the demand for metalworking activities in the near future.

In recent years, the demand for synthetic fluids in aerospace applications has been rising steadily. This can be linked with advantages such as non-flammability at higher temperatures and excellent resistance to corrosion and rust. Synthetic fluids are anticipated to record the highest CAGR over 2020-2026.

Many countries including China, India, Japan, and Saudi Arabia are increasingly spending on defense on account of increased security concerns and threats. Expansion of the defense sector, a major consumer of metalworking fluids, is expected to augment the market share significantly. Global Market Insights, Inc., predicts that global metalworking fluids market size will be worth $15 billion by 2025.

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The global aerospace & defense sector application segment is projected to grow at a healthy 4.1% CAGR up to 2026. This can be attributed to the recovery of global economies and stable commodity prices which has consequently increased the demand for air travel and fuel military budgets. Lucrative growth in the commercial aircraft sector will undeniably complement metalworking fluids market outlook over the coming years.

On the basis of applications, removal fluids accounted for one of the largest revenue shares in 2017 followed by forming fluids. Forming fluids are expected to experience strong demand from automobile and steel sectors and will register a prominent CAGR during the analysis period. Presence of several multinational giants as well as large number of medium-size enterprises will complement metalworking fluids market size.

Rising consumption of MWFs in North America and Europe has been setting the trend in the metalworking fluids market outlook. Notably, demand for the fluids to reduce friction between work piece and tool and to dissipate heat in the machining area has surged in the recent past.

Automotive manufacturers are using metalworking fluids for the manufacturing of vehicle parts and other equipment. With the demand for ICE engine parts such as piston engine blocks, pistons, valves growing steadily, investment in MWFs is likely to witness an upward trend.

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