Market Overview:
The global metal cutting fluids 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 metal cutting fluids in various applications, such as automobile manufacturing, precision machinery, electrical equipment, and metal products. In terms of type, emulsion metal cutting fluids are expected to dominate the market during the forecast period.
Product Definition:
Metal cutting fluids are a type of lubricant that is used in the machining process to cool and lubricate the workpiece and tool. This helps to reduce friction and heat, which can damage both the part and tool. Metal cutting fluids also help to keep the chips generated by the machining process from clogging up the cutting tool, which can cause it to break.
Emulsion Metal Cutting Fluids:
Metal cutting fluids are used to reduce the heat input and increase the metal cutting speed in order to provide an efficient surface finish. Metal cutting fluids can be classified as oil-based, water-based or solvent based. The selection of a fluid is largely dependent on factors such as application type, material being processed and personal preferences of operators.
Semi-Synthetic Metal Cutting Fluids:
Semi-synthetic metal cutting fluids are a special type of cutting fluid that contains synthetic resin as well as natural resin. The mixture is used to increase the efficiency and reduce the emissions of semi-synthetic metal cutting fluids. Metal Cutting Fluids (MCF) are used in various applications such as automotive, aerospace & defense, construction equipment, power tools industry among others.
Application Insights:
Automobile manufacturing was the largest application segment in 2017 and is projected to continue its dominance over the forecast period. Automotive industry globally uses various metals and alloys for manufacturing vehicle components including engine, transmission, body structure, brake system & tires among others. The growing automotive sector in emerging economies of Asia Pacific is expected to remain a key factor driving product demand over the next few years.
Precision machinery was another significant application segment accounting for 20% of overall revenue share in 2017 owing to increasing use of these fluids across machine tools industry worldwide due to their high-performance characteristics when compared with conventional oils. Synthesis products are widely used across several industries including electrical equipment where extreme pressure or temperature resistance is required along with other properties such as excellent lubrication ability and low toxicity at normal temperatures (below 120°F).
Regional Analysis:
Asia Pacific dominated the global metal cutting fluids market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for metal cutting fluids from countries such as China, India, and Japan. In addition, rising investments by foreign players in this region are anticipated to drive industry expansion over the coming years.
The Asia Pacific was followed by Europe which accounted for a share of more than 20% in terms of revenue in 2017 due to high demand from several major industries including automotive and electrical equipment manufacturing. Neat oil based products have been witnessing high adoption rates across European countries on account of their superior characteristics such as low toxicity and reduced emission levels compared with other commonly used chemicals across these industries.
Growth Factors:
- Increasing demand for metal cutting fluids from the automotive and aerospace industries due to the growing need for lightweight and fuel-efficient vehicles.
- Rising demand for machining of high-performance alloys, composites, and other advanced materials used in various industrial applications.
- Growing popularity of metalworking fluids that offer superior performance in terms of machining speed, tool life, surface finish, etc.
- Proliferation of automated manufacturing processes that require higher volumes of metal cutting fluids on a continuous basis.
Scope Of The Report
Report Attributes
Report Details
Report Title
Metal Cutting Fluids Market Research Report
By Type
Emulsion Metal Cutting Fluids, Semi-Synthetic Metal Cutting Fluids, Synthesis Metal Cutting Fluids, Neat Oil Metal Cutting Fluids
By Application
Automobile Manufacturing, Precision Machinery, Electrical Equipment, Metal Products, Automobile Manufacturing, Precision Machinery, Electrical Equipment, Metal Products
By Companies
Houghton (Gulf Oil), BP, Fuchs, Yushiro Chemical, Quaker, Blaser, Idemitsu Kosan, Daido Chemical Industry, COSMO Oil, Master, Exxon Mobil Corporation, Petrofer, JX NIPPON, KYODO YUSHI, Indian Oil, Total, Milacron, The Lubrizol Corporation, Valvoline, Chevron, Mecom Industries, LUKOIL, NIKKO SANGYO, APAR, HPCL, SINOPEC, Talent, GMERI, Nanjing Kerun Lubricants, Runkang
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Metal Cutting Fluids Market Report Segments:
The global Metal Cutting Fluids market is segmented on the basis of:
Types
Emulsion Metal Cutting Fluids, Semi-Synthetic Metal Cutting Fluids, Synthesis Metal Cutting Fluids, Neat Oil Metal Cutting Fluids
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
Automobile Manufacturing, Precision Machinery, Electrical Equipment, Metal Products, Automobile Manufacturing, Precision Machinery, Electrical Equipment, Metal Products
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:
- Houghton (Gulf Oil)
- BP
- Fuchs
- Yushiro Chemical
- Quaker
- Blaser
- Idemitsu Kosan
- Daido Chemical Industry
- COSMO Oil
- Master
- Exxon Mobil Corporation
- Petrofer
- JX NIPPON
- KYODO YUSHI
- Indian Oil
- Total
- Milacron
- The Lubrizol Corporation
- Valvoline
- Chevron
- Mecom Industries
- LUKOIL
- NIKKO SANGYO
- APAR
- HPCL
- SINOPEC
- Talent
- GMERI
- Nanjing Kerun Lubricants
- Runkang
Highlights of The Metal Cutting Fluids 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:
- Emulsion Metal Cutting Fluids
- Semi-Synthetic Metal Cutting Fluids
- Synthesis Metal Cutting Fluids
- Neat Oil Metal Cutting Fluids
- By Application:
- Automobile Manufacturing
- Precision Machinery
- Electrical Equipment
- Metal Products
- Automobile Manufacturing
- Precision Machinery
- Electrical Equipment
- Metal Products
- 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 Cutting Fluids 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- 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 cutting fluids are a type of liquid used in metalworking. They are used to cool and lubricate the cutting tools, and to remove material from the workpiece.
Some of the key players operating in the metal cutting fluids market are Houghton (Gulf Oil), BP, Fuchs, Yushiro Chemical, Quaker, Blaser, Idemitsu Kosan, Daido Chemical Industry, COSMO Oil, Master, Exxon Mobil Corporation, Petrofer, JX NIPPON, KYODO YUSHI, Indian Oil, Total, Milacron, The Lubrizol Corporation, Valvoline, Chevron, Mecom Industries, LUKOIL, NIKKO SANGYO, APAR, HPCL, SINOPEC, Talent, GMERI, Nanjing Kerun Lubricants, Runkang.
The metal cutting fluids market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Metal Cutting Fluids Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Metal Cutting Fluids Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Metal Cutting Fluids Market - Supply Chain
4.5. Global Metal Cutting Fluids Market Forecast
4.5.1. Metal Cutting Fluids Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Metal Cutting Fluids Market Size (000 Units) and Y-o-Y Growth
4.5.3. Metal Cutting Fluids Market Absolute $ Opportunity
5. Global Metal Cutting Fluids Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Metal Cutting Fluids Market Size and Volume Forecast by Type
5.3.1. Emulsion Metal Cutting Fluids
5.3.2. Semi-Synthetic Metal Cutting Fluids
5.3.3. Synthesis Metal Cutting Fluids
5.3.4. Neat Oil Metal Cutting Fluids
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Metal Cutting Fluids Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Metal Cutting Fluids Market Size and Volume Forecast by Application
6.3.1. Automobile Manufacturing
6.3.2. Precision Machinery
6.3.3. Electrical Equipment
6.3.4. Metal Products
6.3.5. Automobile Manufacturing
6.3.6. Precision Machinery
6.3.7. Electrical Equipment
6.3.8. Metal Products
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Metal Cutting Fluids Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Metal Cutting Fluids Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Metal Cutting Fluids Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Metal Cutting Fluids Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Metal Cutting Fluids Demand Share Forecast, 2019-2026
9. North America Metal Cutting Fluids Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Metal Cutting Fluids Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Metal Cutting Fluids Market Size and Volume Forecast by Application
9.4.1. Automobile Manufacturing
9.4.2. Precision Machinery
9.4.3. Electrical Equipment
9.4.4. Metal Products
9.4.5. Automobile Manufacturing
9.4.6. Precision Machinery
9.4.7. Electrical Equipment
9.4.8. Metal Products
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Metal Cutting Fluids Market Size and Volume Forecast by Type
9.7.1. Emulsion Metal Cutting Fluids
9.7.2. Semi-Synthetic Metal Cutting Fluids
9.7.3. Synthesis Metal Cutting Fluids
9.7.4. Neat Oil Metal Cutting Fluids
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Metal Cutting Fluids Demand Share Forecast, 2019-2026
10. Latin America Metal Cutting Fluids Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Metal Cutting Fluids Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Metal Cutting Fluids Market Size and Volume Forecast by Application
10.4.1. Automobile Manufacturing
10.4.2. Precision Machinery
10.4.3. Electrical Equipment
10.4.4. Metal Products
10.4.5. Automobile Manufacturing
10.4.6. Precision Machinery
10.4.7. Electrical Equipment
10.4.8. Metal Products
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Metal Cutting Fluids Market Size and Volume Forecast by Type
10.7.1. Emulsion Metal Cutting Fluids
10.7.2. Semi-Synthetic Metal Cutting Fluids
10.7.3. Synthesis Metal Cutting Fluids
10.7.4. Neat Oil Metal Cutting Fluids
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Metal Cutting Fluids Demand Share Forecast, 2019-2026
11. Europe Metal Cutting Fluids Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Metal Cutting Fluids Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Metal Cutting Fluids Market Size and Volume Forecast by Application
11.4.1. Automobile Manufacturing
11.4.2. Precision Machinery
11.4.3. Electrical Equipment
11.4.4. Metal Products
11.4.5. Automobile Manufacturing
11.4.6. Precision Machinery
11.4.7. Electrical Equipment
11.4.8. Metal Products
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Metal Cutting Fluids Market Size and Volume Forecast by Type
11.7.1. Emulsion Metal Cutting Fluids
11.7.2. Semi-Synthetic Metal Cutting Fluids
11.7.3. Synthesis Metal Cutting Fluids
11.7.4. Neat Oil Metal Cutting Fluids
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Metal Cutting Fluids Demand Share, 2019-2026
12. Asia Pacific Metal Cutting Fluids Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Metal Cutting Fluids Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Metal Cutting Fluids Market Size and Volume Forecast by Application
12.4.1. Automobile Manufacturing
12.4.2. Precision Machinery
12.4.3. Electrical Equipment
12.4.4. Metal Products
12.4.5. Automobile Manufacturing
12.4.6. Precision Machinery
12.4.7. Electrical Equipment
12.4.8. Metal Products
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Metal Cutting Fluids Market Size and Volume Forecast by Type
12.7.1. Emulsion Metal Cutting Fluids
12.7.2. Semi-Synthetic Metal Cutting Fluids
12.7.3. Synthesis Metal Cutting Fluids
12.7.4. Neat Oil Metal Cutting Fluids
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Metal Cutting Fluids Demand Share, 2019-2026
13. Middle East & Africa Metal Cutting Fluids Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Metal Cutting Fluids Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Metal Cutting Fluids Market Size and Volume Forecast by Application
13.4.1. Automobile Manufacturing
13.4.2. Precision Machinery
13.4.3. Electrical Equipment
13.4.4. Metal Products
13.4.5. Automobile Manufacturing
13.4.6. Precision Machinery
13.4.7. Electrical Equipment
13.4.8. Metal Products
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Metal Cutting Fluids Market Size and Volume Forecast by Type
13.7.1. Emulsion Metal Cutting Fluids
13.7.2. Semi-Synthetic Metal Cutting Fluids
13.7.3. Synthesis Metal Cutting Fluids
13.7.4. Neat Oil Metal Cutting Fluids
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Metal Cutting Fluids Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Metal Cutting Fluids Market: Market Share Analysis
14.2. Metal Cutting Fluids Distributors and Customers
14.3. Metal Cutting Fluids Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Houghton (Gulf Oil)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BP
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Fuchs
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Yushiro Chemical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Quaker
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Blaser
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Idemitsu Kosan
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Daido Chemical Industry
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COSMO Oil
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Master
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Exxon Mobil Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Petrofer
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. JX NIPPON
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. KYODO YUSHI
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Indian Oil
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Total
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Milacron
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. The Lubrizol Corporation
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Valvoline
14.4.19.1. Overview
14.4.19.2. Financials
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