The metalworking fluids market was valued at USD 10.65 billion in 2021 and is likely to grow at a CAGR of 3.83% during the assessment period to reach USD 13.88 billion in 2028.
The growth of the heavy machinery industry is the primary driver of the market. Furthermore, the demand for metalworking fluids is bolstered by the increasing use of lightweight materials in high-performance applications. The manufacturing of involute geometrics from lightweight metals necessitates proper lubrication, boosting metalworking fluid sales.
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