Grinding Fluids Market Forecast $935.28 Million By 2032,CAGR 3.5%

Grinding Fluids Market Size Worth $ 935.28 Million By 2032 | CAGR: 3.5%


The global grinding fluids market size is expected to reach USD 935.28 million by 2032, according to a new study by Polaris Market Research. The report “Grinding Fluids Market Share, Size, Trends, Industry Analysis Report, By Type (Water-soluble, Semi-Synthetic, Synthetic, Others), By Application (Disk Drivers, Lubricate Machine Tools, Silicon Wafer, Metal Substrates, Others), By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The expansion in demand can be credited to the global growth of the automotive industry. Grinding fluids play a crucial role in this context, primarily serving to cool and lubricate cutting tools & workpieces in the grinding operations, a critical step in manufacturing various automobile parts. These processes inherent in grinding can generate heat, posing risks such as thermal damage & dimensional inaccuracies. The application of grinding fluids addresses these challenges by providing effective cooling & lubrication, dissipating heat, minimizing friction, and preventing tool wear. This, in turn, contributes to enhanced surface finish and improved dimensional accuracy in the production of automotive components.

Furthermore, original equipment manufacturers (OEMs) are actively engaged in research and development endeavors aimed at producing higher volumes of automobile components, with a focus on enhancing energy efficiency in vehicles. Grinding fluids play a pivotal role in this context by contributing to the increased efficiency of machining processes. This efficiency improvement has a direct impact on the production volumes of these machines used in manufacturing automotive components.

The application of grinding fluids in machining processes helps optimize performance, reduce friction, dissipate heat, and prevent tool wear, ultimately leading to more efficient and productive operations. As OEMs strive to enhance energy efficiency and boost production volumes, the demand for grinding fluids is expected to remain steady over the forecast period. Their role in improving machining efficiency aligns with the broader industry trends towards more sustainable and energy-efficient manufacturing practices in the automotive sector.

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As per the data from the Society of Motor Manufacturers and Traders, the manufacturing sector in the UK achieved significant production numbers in 2022, including 775,014 cars, 101,600 commercial vehicles, and 1.5 million engines. Notably, more than 80% of the cars produced were exported to 130 countries across the globe. Consequently, these factors contribute to the growth of the product market, particularly in the manufacturing of automotive vehicles and their components, expected to extend over the forecast period.

Furthermore, the utilization of plastics in aircraft contributes to their durability, enhances navigational capabilities, improves fuel economy, and extends flight ranges. Consequently, there is a growing trend of incorporating plastics in military and defense aircraft as well as carriers. Various types of plastics, including poly ether ether ketone (PEEK), polyamide-imide (PAI), and polytetrafluoroethylene (PTFE), find application in the aerospace industry. This trend is anticipated to have an impact on the global demand for grinding fluids, influencing their consumption to a certain extent over the forecast period.

Grinding Fluids Market Report Highlights

  • Metal substrates segment will grow rapidly, owing to huge demand in fabrication, and metal forming industry
  • Disk drivers segment held the largest share, as they are used in the production process hard disks
  • Europe will grow with substantial pace, due to rise in production of electric vehicles and booming metal precision industry
  • The key market players include Benz Oil, Carborundum Universal, CASTROL, CGF, EnviroServe Chemicals, ETNA Products, ExxonMobil, and FUCHS.

Polaris Market Research has segmented the grinding fluids market report based on type, application, and region:

Grinding Fluids, Type Outlook (Revenue - USD Million, 2019 - 2032)

  • Semi-synthetic
  • Synthetic
  • Water-soluble
  • Others

Grinding Fluids, Application Outlook (Revenue - USD Million, 2019 - 2032)

  • Disk Drivers
  • Lubricate Machine Tools
  • Metal Substrates
  • Silicon Wafer
  • Others

Grinding Fluids, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Grinding Fluids Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 712.18 million

Revenue forecast in 2032

USD 935.28 million

CAGR

3.5% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million/billion and CAGR from 2024 to 2032

Segments covered

By Type, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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