Cutting Fluid Market Size

Cutting Fluid Market size is expected to cross USD 66 billion by the end of 2036, growing at a CAGR of 5% during the forecast period i.e., 2024-2036. In the year 2023, the industry size of cutting fluids was over 11 billion. Cutting fluids are seeing significant expansion in the market mainly because of the expanding automotive sector brought on by the rising production of automobiles. In metalworking applications, they are frequently utilized as coolants for metal treatment, removal, forming, and protection. Therefore, it is anticipated that an increase in auto production will stimulate the cutting fluids industry. In the year 2022, somewhere around 85 million motor vehicles were produced all over the world.

Increasing demand for sustainable products is predicted to drive the growth of the cutting fluid market. Nowadays, manufacturers are focusing on providing sustainable cutting fluids that are high in demand among consumers. Owing to environmental concerns and other reasons consumers' interest in sustainable products is growing rapidly.