Metalworking Fluids Market Size, Share, Trends, Forecast, & Growth Analysis

The metalworking fluids market was estimated at USD 11.08 billion in 2022 and is likely to grow at a CAGR of 3.77% during 2023-2028 to reach USD 13.88 billion in 2028. The growth of the heavy machinery industry is the primary driver of the market. Furthermore, the demand for metalworking fluids is bolstered by the increasing use of lightweight materials in high-performance applications. The manufacturing of involute geometrics from lightweight metals necessitates proper lubrication, boosting metalworking fluid sales.