Market Overview:
The global metal working lubricants market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for metalworking lubricants from various end-use industries, such as automotive and industrial machinery. In terms of type, quenching accounted for the largest share of the global metal working lubricants market in 2017. This can be attributed to its ability to improve machining efficiency and product quality. Cutting and grinding was the second-largest type segment in 2017, owing to its ability to reduce wear and tear on machine tools. In terms of application, automotive accounted for the largest share of the global metal working lubricants market in 2017.
Product Definition:
Metal working lubricants are used to reduce the friction between the metal surfaces and to protect them from wear. They also help in cleaning the metal surfaces and in preventing corrosion.
Quenching:
Quenching is a process of cooling metal parts in order to improve their hardness. It is widely used for steel and other alloy metals. Quenching can be done with the help of water, air or oil as media. The most commonly used method for quenching steel in foundry industry is by using water as media because it provides rapid cooling and also reduces the risk of fire occurrence during cooling process due to its low flammability property.
Cutting and Grinding:
Cutting and grinding are two important metal working lubricant (MWL) processing operations. In cutting, the material is cut or crushed into small pieces so that it can be easily processed in a desired way. In grinding, the material is reduced to a fine powder for easier transportation and handling.
Application Insights:
Automotive was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. Rising per capita income levels, especially in developing countries such as China and India has led to an increase in automotive production which, subsequently, has boosted market growth. In addition, increasing demand for fuel-efficient vehicles is expected to drive industry expansion over the coming years.
The industrial machinery segment held a substantial share of revenue on account of extensive usage across various industries including oil & gas processing plants and chemical refineries among others. The product plays a major role in reducing friction losses due to its superior properties such as high film strength and corrosion resistance which enhance machine efficiency leading to increased productivity at reduced costs.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global production as well as consumption of metal working lubricants. This can be attributed to increasing industrialization, growing automotive industry, and advancements in manufacturing techniques across various industries.
The Asia Pacific economy is characterized by rapid urbanization along with rising living standards that are supported by strong economic growths in China, India, Indonesia, Malaysia Philippines Thailand Vietnam among other emerging economies. These factors are anticipated to drive product demand from industrial machinery applications over the next eight years.
Europe accounted for more than 25% of total revenue share owing to high demand from end-use industries such as transportation equipment and construction machinery where high performance metalworking lubricants are used on a daily basis during operations or maintenance activities resulting into higher sales volume shares compared with other regions globally.
Growth Factors:
- Increasing demand for metalworking lubricants from the automotive and aerospace industries due to the growth of these sectors.
- Rising demand for environmentally friendly metalworking lubricants owing to stringent government regulations on emissions and environmental protection.
- Growing popularity of synthetic metalworking fluids over traditional mineral-based fluids, as they offer better performance characteristics such as thermal stability, low volatility, and high viscosity index.
- Proliferation of nanotechnology across various industrial applications is expected to drive the demand for advanced metalworking lubricants in the near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Metal Working Lubricants Market Research Report
By Type
Quenching, Cutting and Grinding, Corrosion Preventives, Others
By Application
Automotive, Industrial Machinery, Others
By Companies
FUCHS, Esti Chem A/S, Metalworking Lubricants Company, Croda Lubricants, Klüber Lubrication, Total, Exxon Mobil Corporation, Shell Global, Chevron Lubricants, Idemitsu Kosan Global, FUCHS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Metal Working Lubricants Market Report Segments:
The global Metal Working Lubricants market is segmented on the basis of:
Types
Quenching, Cutting and Grinding, Corrosion Preventives, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Industrial Machinery, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- FUCHS
- Esti Chem A/S
- Metalworking Lubricants Company
- Croda Lubricants
- Klüber Lubrication
- Total
- Exxon Mobil Corporation
- Shell Global
- Chevron Lubricants
- Idemitsu Kosan Global
- FUCHS
Highlights of The Metal Working Lubricants Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Quenching
- Cutting and Grinding
- Corrosion Preventives
- Others
- By Application:
- Automotive
- Industrial Machinery
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Metal Working Lubricants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Metal Working Lubricants are a type of lubricant that is used in metalworking. They are designed to reduce the friction between metal surfaces and help prevent wear.
Some of the major companies in the metal working lubricants market are FUCHS, Esti Chem A/S, Metalworking Lubricants Company, Croda Lubricants, Kl¼ber Lubrication, Total, Exxon Mobil Corporation, Shell Global, Chevron Lubricants, Idemitsu Kosan Global, FUCHS.
The metal working lubricants market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Metal Working Lubricants Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Metal Working Lubricants Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Metal Working Lubricants Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Metal Working Lubricants Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Metal Working Lubricants Market Size & Forecast, 2018-2028
4.5.1 Metal Working Lubricants Market Size and Y-o-Y Growth
4.5.2 Metal Working Lubricants Market Absolute $ Opportunity
Chapter 5 Global Metal Working Lubricants Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Metal Working Lubricants Market Size Forecast by Type
5.2.1 Quenching
5.2.2 Cutting and Grinding
5.2.3 Corrosion Preventives
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Metal Working Lubricants Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Metal Working Lubricants Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Industrial Machinery
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Metal Working Lubricants Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Metal Working Lubricants Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Metal Working Lubricants Analysis and Forecast
9.1 Introduction
9.2 North America Metal Working Lubricants Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Metal Working Lubricants Market Size Forecast by Type
9.6.1 Quenching
9.6.2 Cutting and Grinding
9.6.3 Corrosion Preventives
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Metal Working Lubricants Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Industrial Machinery
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Metal Working Lubricants Analysis and Forecast
10.1 Introduction
10.2 Europe Metal Working Lubricants Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Metal Working Lubricants Market Size Forecast by Type
10.6.1 Quenching
10.6.2 Cutting and Grinding
10.6.3 Corrosion Preventives
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Metal Working Lubricants Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Industrial Machinery
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Metal Working Lubricants Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Metal Working Lubricants Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Metal Working Lubricants Market Size Forecast by Type
11.6.1 Quenching
11.6.2 Cutting and Grinding
11.6.3 Corrosion Preventives
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Metal Working Lubricants Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Industrial Machinery
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Metal Working Lubricants Analysis and Forecast
12.1 Introduction
12.2 Latin America Metal Working Lubricants Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Metal Working Lubricants Market Size Forecast by Type
12.6.1 Quenching
12.6.2 Cutting and Grinding
12.6.3 Corrosion Preventives
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Metal Working Lubricants Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Industrial Machinery
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Metal Working Lubricants Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Metal Working Lubricants Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Metal Working Lubricants Market Size Forecast by Type
13.6.1 Quenching
13.6.2 Cutting and Grinding
13.6.3 Corrosion Preventives
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Metal Working Lubricants Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Industrial Machinery
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Metal Working Lubricants Market: Competitive Dashboard
14.2 Global Metal Working Lubricants Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 FUCHS
14.3.2 Esti Chem A/S
14.3.3 Metalworking Lubricants Company
14.3.4 Croda Lubricants
14.3.5 Klüber Lubrication
14.3.6 Total
14.3.7 Exxon Mobil Corporation
14.3.8 Shell Global
14.3.9 Chevron Lubricants
14.3.10 Idemitsu Kosan Global
14.3.11 FUCHS
