Current Development Status of China's Metalworking Fluid Industry: Development Background, Industry Chain, and Market Size
Dec 02,2024
Metalworking fluids refer to the media used in the cutting and forming processes of metals and new materials to fulfill functions such as lubrication, cooling, rust prevention, and cleaning. Metalworking fluids are essential supporting materials in the mechanical processing industry, and their quality, level, and variety directly affect the processing quality of mechanical parts, production efficiency, energy consumption, material consumption, and the improvement of the production environment. There are many types of metalworking fluids, and their application range is very broad. In addition to being used for processing various metal materials, they can also be used in some non-metal processing processes. Based on their composition, metalworking fluids are mainly divided into water-based metalworking fluids and oil-based metalworking fluids. Water-based metalworking fluids can be further divided into three types: emulsion-type metalworking fluids, semi-synthetic metalworking fluids, and fully synthetic metalworking fluids.
The expansion and innovation of the manufacturing industry require more and higher-performance metalworking fluids to support various metal processing processes, thereby driving market growth. In the field of metal processing, with the application of a new generation of steel, alloys, and other metal composite materials, as well as new materials, the application prospects of metalworking fluids have become broader. In recent years, the global metalworking fluid market has shown a stable growth trend, with the market size reaching 9.25 billion USD in 2022. It is expected that the global metalworking fluid market size will exceed 10 billion USD in 2023 and will exceed 15 billion USD by 2033.
In recent years, the number of advanced manufacturing equipment such as CNC machine tools and processing centers has been increasing in the country, making it one of the countries with the fastest development speed in the global machine tool market. With the development of the domestic metal processing industry, the increase in advanced machining equipment, and the improvement of machining processes, the metalworking fluid industry is also continuously developing. The market size of metalworking fluids in China has grown from 8.85 billion CNY in 2017 to 16.38 billion CNY in 2022, nearly doubling in five years.
The research team of Huajing Industry Research Institute uses a combination of desktop research, quantitative surveys, and qualitative analysis to comprehensively and objectively analyze the overall market capacity, industrial chain, operational characteristics, profitability, and business models of the metalworking fluid industry. By scientifically using research models and methods such as SCP model, SWOT, PEST, regression analysis, and SPACE matrix, they conduct a comprehensive analysis of the market environment, industrial policies, competitive landscape, technological innovation, market risks, industry barriers, opportunities, and challenges related to the metalworking fluid industry. Based on the development trajectory and practical experience of the metalworking fluid industry, they carefully research and compile the "2024-2030 China Metalworking Fluid Industry Development Potential Forecast and Investment Strategy Research Report" to provide important references for investment decisions, strategic planning, and industrial research for enterprises, research institutions, and investment agencies.
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