According to the latest report by IMARC Group, titled “Forming Fluids Market Report by Product Type (Rolling Oils, Hydroforming Fluids, and Others), Application (Primary Metals, Transportation Equipment, Fabricated Metal Products, Machinery, Metal Cans, and Others), and Region 2025-2033”, the global forming fluids market reached a value of USD 3.32 Billion in 2024. A forming fluid refers to a type of lubricant which is specially designed for metal forming processes like folding, stamping, drawing and wire-drawing. These fluids are usually derived from petroleum distillates, animal fats, plant oils, water, air and related raw materials. They are widely utilized for the manufacturing of sheet metal and for changing the shape and contour of metal components. Their primary function is cooling and lubrication in bending, stretching and shaping operations. They also possess anti-corrosion properties and help prevent any damage to the final product, even during storage.
Global Forming Fluids Market Trends:
Apart from cooling and providing protection from corrosion, enhanced lubrication is another key benefit that is provided by forming fluids, which has significantly escalated their demand in the automotive industry. They are also crucial in processes like the removal, shaping and treating of metals which are extensively used for maintaining the durability and structural strength of vehicles. As a result, the robust growth in the automotive industry has further boosted the sales of forming fluids. Furthermore, on account of the heavy maintenance expenditure across the manufacturing and processing industries, there has been a significant rise in the demand for innovative protection solutions. Looking forward, the market value is projected to reach USD 3.82 Billion by 2033, expanding at a CAGR of 1.52% during 2025-2033.
Market Summary:
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal