The size of my country’s metal cutting fluid market maintains a growth trend, and the industry still has considerable room for improvement.

Metal cutting fluid refers to an industrial liquid used to cool and lubricate cutting tools and workpieces during metal cutting and grinding processes. It is usually easy to dilute, non-toxic, tasteless, safe and environmentally friendly, and has good cooling, anti-rust, Lubrication, anti-corrosion, oil removal and cleaning functions. Currently, the common metal cutting fluids on the market mainly include emulsions, aqueous solutions and cutting oils.

The upstream of the metal cutting fluid industry chain is the supply of chemical raw materials such as mineral oil, anti-attractants, preservatives, emulsifiers, corrosion inhibitors, antibacterial agents, and surfactants; the midstream is the production of subdivided products; the downstream is widely used in automobiles Manufacturing, machining, metal products, aerospace, electronic appliances and other fields. Among them, machining accounts for nearly 37% of the downstream market demand for metal cutting fluids, ranking first, automobile manufacturing accounts for about 32%, ranking second, and metal products account for about 11%, ranking third.

According to the “2023-2028 Metal Cutting Fluid Industry Market In-depth Research and Investment Prospect Forecast Analysis Report” released by the Industrial Research Center, As my country’s economy continues to develop and the scale of industrial production continues to expand, the domestic metal cutting fluid market has maintained a growth trend in recent years, and the industry has good development prospects. In 2017, my country’s metal cutting fluid market size was approximately 4.5 billion yuan, and in 2022, the market size was approximately 8.5 billion yuan, with a compound annual growth rate of approximately 13.6% from 2017 to 2022.

The foreign metal cutting fluid industry started early, has a long development time, strong corporate research and development capabilities, relatively advanced production technology, stable product quality, high brand awareness, and maintains good cooperative relations with downstream companies. It is in a leading position in the global metal cutting fluid market. Representative companies include Castrol from the UK, Mobil from the US, Basso from Switzerland, Quaker Houghton from the US, etc.

After a period of development in my country’s metal cutting fluid industry, the number of production companies continues to increase, the scale of production continues to expand, and output maintains a growth trend driven by market demand. However, due to the late start of the industry and the weak industrial foundation, most companies choose low-cost Price competition seizes the market, resulting in insufficient R&D investment and difficulty in improving product quality. It lacks competitiveness in the high-end market and the industry still has considerable room for improvement. In 2022, China’s metal cutting fluid production will be close to 750,000 tons, and the demand will exceed 670,000 tons. The main domestic metal cutting fluid manufacturers include Nantong Jiangtian Chemical Co., Ltd., Dalian Zhiyun Automation Equipment Co., Ltd., Shanghai Derunbao Special Lubricant Co., Ltd., etc.

Industry analysts said that as the scale of my country’s industry and manufacturing continues to expand, new energy vehicles, electronics manufacturing and other industries continue to develop. The market demand for metal cutting fluids will maintain a growth trend, and the industry has good development prospects. In the context of accelerating industrial transformation and upgrading and rising social awareness of environmental protection, the metal cutting fluid industry needs to increase investment in environmental protection, improve production technology, and develop in the direction of high quality.