Metalworking Fluids Market size is expected to reach USD 15.1 million by 2030
Metalworking Fluids Industry Overview The global metalworking fluids market size was valued at USD 10.8 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 3.8% from 2022 to 2030. The product demand is anticipated to be driven by increased demand for automotive and heavy industry machinery. Individual end-use sectors, such as machinery, metal fabrication, and transportation equipment, are driving the expansion of the Metalworking Fluids (MWFs) market.The most basic raw source utilized to make the product is crude oil. The crude oil is refined, treated, and blended to create the neat cutting oils, soluble oils, and corrosion-preventive oils that are sought. Base oil, derived from crude oil, is a primary raw material that accounts for approximately 40% of the total MWF cost. Gather more insights about the market drivers, restrains and growth of the Global Metalworking Fluids Market Base oil is manufactured from the ref...