Netherlands Metalworking Fluids Market To Reach $147.72 Million By 2030

Netherlands Metalworking Fluids Market Growth & Trends

The Netherlands metalworking fluids market size is expected to reach USD 147.72 million by 2030, registering a CAGR of 4.3% during the forecast period, as per a new report by Grand View Research, Inc. This is attributable to the increasing product utilization in industrial machining and grinding operations to decrease heat and friction while also eliminating metal particles.

Metalworking fluids (MWF) find application in numerous end-use industries such as agriculture, automotive, marine, construction, healthcare, telecommunication, and aerospace. According to United Nations Economic Commission for Europe (UNECE), the construction sector contributed 4.7% to the country’s gross domestic product (GDP) in 2022. According to European Construction Industry Federation (FIEC), amid the COVID-19 pandemic, the construction industry in the Netherlands contracted by 1.5% in 2020. The following year, i.e., 2021, witnessed a bounce back of 1.8% growth followed by 5.0% of growth in the construction industry in the Netherlands in 2022. The overall growth of the construction industry in the country is poised to have a positive impact on the product market in the Netherlands.

Metalworking fluids are produced through a manufacturing process that involves blending various components to achieve the desired properties and performance characteristics. The specific production method can vary depending on the type of product being produced, such as cutting, grinding, or forming fluids. The product formulation involves selecting and combining different base oils, additives, and other components to achieve the desired properties. Base oils can be petroleum-based, synthetic, or a blend of both. Additives are incorporated to enhance cooling, lubrication, corrosion protection, and other performance attributes. Some of the common additives used in the production are biocides, emulsifiers, surfactants, and corrosion inhibitors, among others.

In the Netherlands, metalworking fluids are distributed through various sales channels to reach end users. The manufacturers may have direct sales teams or representatives who engage directly with end users. They establish relationships with metalworking companies and provide personalized solutions tailored to their specific needs. For example, Perstorp is an integrated company, which undertakes manufacturing as well as distribution/supply of metalworking fluids under one roof.

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Netherlands Metalworking Fluids Market Report Highlights

• Bio-based is projected to emerge as the fastest-growing product segment with a CAGR of 4.9% from 2023 to 2030, due to the increasing incentives, subsidies, and regulations that encourage the adoption of sustainable practices and products

• Water cutting oils is expected to emerge as the fastest-growing application segment with a CAGR of 4.5% from 2023 to 2030, because of their significant role in machining and grinding processes, offering numerous advantages

• Metal fabrication is expected to witness the fastest CAGR of 4.7% over the forecast period, due to increasing demand for metal and its maintenance from various end-use industries such as construction, automobile, aerospace, and shipbuilding among others

• Electric & power is anticipated to emerge as the fastest-growing industrial end-use segment for metalworking fluids in the Netherlands with a CAGR of 5.2% over the forecasted period, because of the rise in electricity generation in the country over the past few years. As a result, the demand for metalworking fluids is also poised to grow over the time

• Recent technological developments related to the production of metalworking fluids are expected to ease the production cost and maintain the quality of the product. For example, Castrol launched SmartControl, a system that provides in-machine, automatic, real-time management and monitoring

Netherlands Metalworking Fluids Market Segmentation

Grand View Research has segmented the Netherlands metalworking fluids market based on product, application, end-use, and industrial end-use:

Netherlands Metalworking Fluids Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Mineral

• Synthetic

• Bio-based     

Netherlands Metalworking Fluids Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Neat Cutting Oils

• Water Cutting Oils

• Corrosion Preventive Oils

• Other Applications

Netherlands Metalworking Fluids End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Metal Fabrication

• Transportation Equipment

• Machinery

• Other End-uses

Netherlands Metalworking Fluids Industrial End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Construction

• Electrical & Power

• Agriculture

• Automobile

• Aerospace

• Rail

• Marine

• Telecommunication

• Healthcare

List of Key Players in the Netherlands Metalworking Fluids Market

• VALVOLINE

• ExxonMobil Corporation

• FUCHS

• Perstorp

• CIMCOOL EUROPE

• Motul

• Aimol

• Quaker Chemical Corporation

• Matrix Specialty Lubricants

• Kuwait Petroleum