According to the statistical analysis of research data compiled by QYResearch, the global metalworking fluid market achieved sales of 8691.0 million USD in 2023 and is projected to reach 10,328.4 million USD by 2030, with a compound annual growth rate (CAGR) of 2.83% from 2024 to 2030. The Chinese market has undergone relatively rapid changes in the past few years. In 2023, its market size stood at 1,960.8 million USD, accounting for approximately 22.56% of the global market. It is expected to reach 2,612.5 million USD by 2030, at which point its share of the global market will rise to 25.29%.
Metalworking fluids are mainly divided into three categories based on their base components: oil-based, water-based, and bio-based. Oil-based metalworking fluids have high lubricating performance, making them suitable for high-strength cutting and forming. They have low volatility and are not easily emulsified, but they have a relatively significant impact on the environment and operators' health. Water-based metalworking fluids offer strong cooling performance, low cost, and easy cleaning, making them applicable to most general processing. However, they are prone to bacterial growth and require regular maintenance. Bio-based metalworking fluids are environmentally friendly and biodegradable, with low toxicity, conforming to the trend of green manufacturing. They have excellent lubricating performance but relatively high oxidative stability and price. They are suitable for replacing traditional oil-based fluids in high-end processing. Against the backdrop of increasingly stringent environmental protection requirements, water-based and bio-based metalworking fluids have huge market growth potential. In 2023, the market share of water-based metalworking fluids in China was 57.99%, and it is expected to reach 60.48% by 2030.
With the continuous growth of China's manufacturing industry, especially the rapid development of high-end equipment, new energy, automobile and other fields, the metalworking fluid industry is ushering in new growth opportunities. The growth of the manufacturing industry has driven an increase in the total amount of metal processing, directly boosting the consumption of metalworking fluids, particularly in industries such as automotive, aviation, and new energy.
The advancement of high-end manufacturing and intelligent manufacturing has prompted the upgrading of metalworking fluid products towards high performance, environmental friendliness, and intelligence. In 2023, the automotive industry accounted for approximately 34.15% of the market share. Strategic emerging industries, with their strong innovation capabilities and market potential, are gradually becoming new engines of economic growth, with a projected compound annual growth rate (CAGR) of around 6.62% in the next few years.
To further promote industrial technological exchanges and high-quality development, the 11th China International Metalworking Fluid Technology Seminar and Industrial Equipment Lubrication Conference 2025, hosted by Hong Kong Allall Information Media Group and organized by Lubricating Oil Products Guide Magazine, will be held in Dongguan, Guangdong on November 11th. As one of the large-scale conferences with strong professionalism, wide coverage and high specifications in the field of metalworking fluids in China and even globally, it has become an important industry benchmark after more than a decade of in-depth development and accumulation.
Compared with the relatively mature development of the global metalworking fluid industry, China's metalworking fluid industry started relatively late. Against the backdrop of the steady growth of the global market, China's metalworking fluid industry is also entering a new stage of accelerated development. With the rapid rise of China's manufacturing industry, huge market demand, improved industrial infrastructure, and strong cost advantages, global material and technological resources are continuously gathering in China, driving the continuous expansion of the country's metalworking fluid industry.
This conference continues to gather various players in the industrial chain, including global metalworking fluid manufacturers, raw material suppliers, traders, and end-users. Through efficient resource connection and network expansion, it has greatly promoted technical exchanges and business cooperation in the industry. Conference cooperation projects such as title sponsorship, dinner sponsorship, brand speeches, brand exhibition booths, conference kits, and conference proceedings advertisements are now warmly inviting applications. Enquiries are welcome!
Through a systematic promotion mechanism spanning three stages—"pre-conference, during-conference, and post-conference"—as well as the extensive influence of on-site centralized exhibitions, the China International Metalworking Fluid Technology Seminar and Industrial Equipment Lubrication Conference not only brings significant brand exposure and industry recognition to participating enterprises but also provides a strong supporting platform for them to explore cooperation opportunities and deepen market layout. It has thus become one of the important pillars driving the high-quality development of the industry.
Inquiry about Participation Lubricating Oil Guide Magazine Ms. Huang Mobile: 15918741678 Tel: 020-83587112
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