lubricants for metalworking market Regional Analysis by Recent Developments, Revenue, Market Drivers and Forecast to 2031
Market Overview The lubricants for metalworking market plays a vital role in modern manufacturing by improving machining efficiency, reducing friction, and extending tool life across operations such as cutting, forming, grinding, and stamping. These lubricants are widely used in automotive, aerospace, construction equipment, and heavy engineering industries where precision and durability are critical. The global Lubricants for Metalworking market size is predicted to grow from US$ 13600 million in 2024 to US$ 16540 million in 2030; it is expected to grow at a CAGR of 3.3% from 2024 to 2030. With increasing industrial automation and demand for high-performance metal components, manufacturers are shifting toward advanced formulations that offer enhanced cooling, corrosion protection, and environmental compliance. Growing emphasis on sustainable production has also accelerated the development of biodegradable and low-toxicity metalworking fluids, positioning the market as an es...