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

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

Report Format: PDF+Excel | Report ID: SR112025A1121

Market Overview:

The global forming fluids market size reached USD 3.32 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 3.82 Billion by 2033, exhibiting a growth rate (CAGR) of 1.52% during 2025-2033.

Report Attribute 
Key Statistics
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024
USD 3.32 Billion
Market Forecast in 2033
USD 3.82 Billion
Market Growth Rate 2025-2033 1.52%


Forming fluids are fluids that are used in forming processes such as folding, stamping, drawing and wire-drawing. These processes are largely used in the manufacturing of sheet metal and components, both in heavy industry and in the manufacturing of small, detailed objects. The products utilised in such processes may be either oil-based or emulsions that are derived from mineral or synthetic oils. These fluids include drawing and stamping compounds, forging compounds, rolling oils, die-casting compounds, and hydroforming fluids.

Forming fluids provide great lubrication and better corrosion protection and thus help in protecting the substrates from scratches and damage during manufacturing and molding. They are composed of different additives that help in improving their efficiency. Additionally, a defining characteristic of forming fluids is that they protect the substrates from acidic conditions and humidity, particularly in industrial environments. The selection of the forming fluids depends on numerous parameters which includes the type of application, process, available water quality, and the metal. The right selection of parameters ensures the cost-effective and smooth operation of the metal forming process.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global forming fluids market report, along with forecasts at the global and regional level from 2025-2033. Our report has categorized the market based on product type, and application.

Breakup by Product Type:

  • Rolling Oils
  • Hydroforming Fluids
  • Others


Based on the product type, the market has been segmented into rolling oils, hydroforming fluids, and others.

Breakup by Application:

  • Primary Metals
  • Transportation Equipment
  • Fabricated Metal Products
  • Machinery
  • Metal Cans
  • Others


Based on the application, the market has been segmented into primary metals, transportation equipment, fabricated metal products, machinery, metal cans, and others. Primary metals currently represent the biggest segment.

Breakup by Region:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America


Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest market, accounting for the majority of the global market.

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players being Afton Group, BASF SE, Chevron Corporation, The Dow Chemical Company, Lonza Group, Lubrizol Corporation, Apar Group, Columbia Petro Chem Pvt. Ltd., Public Joint Stock Company Gazprom, Idemitsu Kosan Co. Ltd., Indian Oil Corporation Limited, PJSC LUKOIL, PT PERTAMINA (PERSERO), China Petrochemical Corporation, SK Lubricants Co. Ltd. and Total Specialties USA.

This report provides a deep insight into the global forming fluids market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the forming fluids industry in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units Billion USD
Segment Coverage Product Type, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Afton Group, BASF SE, Chevron Corporation, The Dow Chemical Company, Lonza Group, Lubrizol Corporation, Apar Group, Columbia Petro Chem Pvt. Ltd., Public Joint Stock Company Gazprom, Idemitsu Kosan Co. Ltd., Indian Oil Corporation Limited, PJSC LUKOIL, PT PERTAMINA (PERSERO), China Petrochemical Corporation, SK Lubricants Co. Ltd. and Total Specialties USA
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global forming fluids market was valued at USD 3.32 Billion in 2024.

We expect the global forming fluids market to exhibit a CAGR of 1.52% during 2025-2033.

The rising adoption of forming fluids to protect the substrates from scratches and damage, is primarily driving the global forming fluids market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for forming fluids.

Based on the product type, the global forming fluids market has been segregated into rolling oils, hydroforming fluids, and others. Among these, rolling oils currently hold the largest market share.

Based on the application, the global forming fluids market can be bifurcated into primary metals, transportation equipment, fabricated metal products, machinery, metal cans, and others. Currently, primary metals exhibit a clear dominance in the market.

On a regional level, the market has been classified into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.

Some of the major players in the global forming fluids market include Afton Group, BASF SE, Chevron Corporation, The Dow Chemical Company, Lonza Group, Lubrizol Corporation, Apar Group, Columbia Petro Chem Pvt. Ltd., Public Joint Stock Company Gazprom, Idemitsu Kosan Co. Ltd., Indian Oil Corporation Limited, PJSC LUKOIL, PT PERTAMINA (PERSERO), China Petrochemical Corporation, SK Lubricants Co. Ltd., and Total Specialties USA.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
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
Purchase Options New Year Sale
Benefits of Customization
  • Personalize this research
  • Triangulate with your data
  • Get data as per your format and definition
  • Gain a deeper dive into a specific application, geography, customer, or competitor
  • Any level of personalization

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials