Metalworking Fluids Market Analysis: $17.82 Billion by 2029 With a CAGR of 7.2%

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Metalworking Fluids Market Value Projection: How Much Will the Market Size by 2025?
The market size of metalworking fluids has been on a steady rise in the past few years. The market, which is projected to increase from $12.91 billion in 2024 to $13.5 billion in 2025, boasts a compound annual growth rate (CAGR) of 4.5%. Factors such as manufacturing expansion, enhancements in cutting and forming operations, efforts towards corrosion prevention, regulatory adherence, and the automotive industry have contributed to the growth seen in the historic timeline.

What Will Be the Market Growth Forecat for Metalworking Fluids in 2029?
The market size for metalworking fluids exhibits potential for substantial expansion over the coming years. It is projected to escalate to a value of $17.82 billion by 2029, with a compounded annual growth rate (CAGR) of 7.2%. This anticipated growth during the forecast period can be credited to factors such as metal recycling, use in aerospace applications, the creation of metal alloys and composites, the implementation of circular economy practices, as well as strength and safety improvements. The forecast period is expected to see trends like sustainable formulations, the development of advanced materials, the rise of intelligent manufacturing, transportation electrification, and the use of biologically compatible materials.

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What Are the Core Competitive Drivers in the Metalworking Fluids Industry?
The anticipated expansion of the automotive sector is thought to stimulate the metalworking fluids market's growth during the specified forecast period. Comprising a wide array of businesses and organizations, the automotive industry encompasses all the stages right from the conception and development of design to marketing and distribution of vehicles. Automotive manufacturers heavily rely on metalworking fluids that notably reduce heat and friction during industrial cutting and grinding activities, for the production of car parts and other machinery. As per the Society of Motor Manufacturers and Traders, a trade association from the UK, the UK car production witnessed an increase of 11.7% in the first six months of 2023, touching the 450,168 units. An increase of 16.2% was observed in June 2023, marking the fifth month of consistent growth. Beginning from January, an additional 47,037 units have been produced by factories, largely attributed to a 13.6% surge in exports amounting to 359,940 units, representing 80% of the total production. Domestic production volumes also experienced a growth, witnessing a 4.5% increase to 90,228 units made for the UK. Thus, it is the expanding automotive sector that fuels the growth in the metalworking fluids market.

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Which Metalworking Fluids Market Segment Is Projected to See the Fastest Growth?
The metalworking fluids market covered in this report is segmented -

1) By Type: Mineral, Synthetic, Bio-Based
2) By Application: Neat Cutting Oils, Water Cutting Oils, Corrosion Preventive Oils, Other Applications
3) By End-Use Industry: Construction, Electrical And Power, Automobile, Metal Fabrication, Transportation Equipment, Other End-Use Industries

Subsegments:
1) By Mineral: Straight Oils, Soluble Oils, Emulsifiable Oils
2) By Synthetic: Water-Soluble Synthetic Fluids, Non-Water-Soluble Synthetic Fluids
3) By Bio-Based: Vegetable Oil-Based Fluids, Animal Fat-Based Fluids, Synthetic Esters From Renewable Resources

Which Trends Are Opening New Opportunities in the Metalworking Fluids Market?
Leading businesses in the metalworking fluids market have started to introduce ultra-pressure additives such as SULFAD 1717E designed specifically for metalworking procedures. As a sulfurized ester, SULFAD 1717E functions as an extreme pressure additive specifically for metalworking uses. For example, SEQENS, a specialty ingredients and pharmaceutical solutions company based in France, premiered their Extreme Pressure Additive, SULFAD 1717E, in July 2022. This additive is part of the company's array of products engineered for greases, industrial lubricants, and oils. SULFAD 1717E caters to the compatibility need with ester-containing formulas and ensures prime copper corrosion performance. The product exhibits impressive solubility in various base stocks, and its use is ideal in metalworking practices, including grinding, deep hole drilling, and the application of honing oils. The introduction of SULFAD 1717E serves as a testament to SEQENS' dedication to delivering solutions for the metalworking industry's requirements.

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Who Are the Leaders in the Metalworking Fluids Market?
Major companies operating in the metalworking fluids market include ExxonMobil Corporation, TotalEnergies SE, Houghton International Inc., Henkel AG & Co. KGaA, Fuchs Petrolub SE, Quaker Chemical Corporation, Hindustan Petroleum Corporation Limited, Castrol Ltd., Lubri-Graph Corporation, Croda International plc, Shell plc, Lukoil Oil Company, China Petroleum & Chemical Corporation, Apar Industries Limited, Yushiro Chemical Industry Co. Ltd., Idemitsu Kosan Co. Ltd., Cimcool Industrial Products Inc., Blaser Swisslube Co. AG, Motul India Private Limited, Oelheld Inc., Moresco Corporation, QualiChem Ltd., Master Chemical Corp., Hardcastle Petrofer Private Limited, Chevron Phillips Chemical Company, Total Lubricants USA Inc., Petro-Canada Lubricants Inc., Royal Purple LLC, Valvoline Inc., Warren Oil Company Inc.

Which Regional Metalworking Fluids Markets Offer the Greatest Growth Potential?
Asia-Pacific was the largest region in the metalworking fluids market in 2024. North America was the second-largest market in the metalworking fluids market share. The regions covered in the metalworking fluids market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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This release was published on openPR.