Product Code: ETC297990 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Vietnam Metalworking Fluids Market is poised for steady growth rate improvements from 2025 to 2029. From 10.40% in 2025, the growth rate steadily ascends to 12.68% in 2029.
By 2027, the Metalworking Fluids market in Vietnam is anticipated to reach a growth rate of 11.73%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
The Vietnam metalworking fluids market is closely related to the metalworking machinery market. Metalworking fluids, such as cutting fluids and coolants, are essential for ensuring the smooth operation of metalworking equipment and enhancing the quality of finished products. The market has witnessed growth in tandem with the expansion of manufacturing industries in Vietnam, where the emphasis on precision and quality is paramount.
The Vietnam metalworking fluids market is witnessing growth due to the country`s manufacturing and machining activities. Metalworking fluids, including cutting oils and coolants, play a crucial role in ensuring the efficiency and longevity of metalworking machinery. As the manufacturing sector expands, the demand for metalworking fluids is expected to increase.
In the Vietnam metalworking fluids market, environmental concerns and regulations present a pressing challenge. The industry relies heavily on cutting fluids and lubricants, which can have adverse environmental impacts if not managed and disposed of properly. Meeting stringent environmental standards while maintaining cost-effectiveness is a constant struggle for companies operating in this sector. Additionally, the need for continuous research and development to create eco-friendly and high-performance metalworking fluids is a financial burden on many businesses.
The Vietnam metalworking fluids market experienced fluctuations in demand during the pandemic. As industrial production slowed down, the need for metalworking fluids decreased, affecting the market negatively. Companies also reevaluated their fluid usage to cut costs during uncertain times. However, as production picked up, the market saw a resurgence with an increased focus on sustainable and high-performance metalworking fluids to improve efficiency and extend the life of machinery.
In the Vietnam metalworking fluids market, leading players include Quaker Houghton Vietnam Co., Ltd., Castrol Vietnam Co., Ltd., and Fuchs Lubricants Vietnam Co., Ltd.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Metalworking Fluids Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Metalworking Fluids Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Metalworking Fluids Market - Industry Life Cycle |
3.4 Vietnam Metalworking Fluids Market - Porter's Five Forces |
3.5 Vietnam Metalworking Fluids Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Vietnam Metalworking Fluids Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Vietnam Metalworking Fluids Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Vietnam Metalworking Fluids Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Metalworking Fluids Market Trends |
6 Vietnam Metalworking Fluids Market, By Types |
6.1 Vietnam Metalworking Fluids Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Metalworking Fluids Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Vietnam Metalworking Fluids Market Revenues & Volume, By Mineral, 2021-2031F |
6.1.4 Vietnam Metalworking Fluids Market Revenues & Volume, By Synthetic, 2021-2031F |
6.1.5 Vietnam Metalworking Fluids Market Revenues & Volume, By Bio-based, 2021-2031F |
6.2 Vietnam Metalworking Fluids Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Metalworking Fluids Market Revenues & Volume, By Neat Cutting Oils, 2021-2031F |
6.2.3 Vietnam Metalworking Fluids Market Revenues & Volume, By Water Cutting Oils, 2021-2031F |
6.2.4 Vietnam Metalworking Fluids Market Revenues & Volume, By Corrosion Preventive Oils, 2021-2031F |
6.2.5 Vietnam Metalworking Fluids Market Revenues & Volume, By Others, 2021-2031F |
6.3 Vietnam Metalworking Fluids Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Metalworking Fluids Market Revenues & Volume, By Metal Fabrication, 2021-2031F |
6.3.3 Vietnam Metalworking Fluids Market Revenues & Volume, By Transportation Equipment, 2021-2031F |
6.3.4 Vietnam Metalworking Fluids Market Revenues & Volume, By Machinery, 2021-2031F |
6.3.5 Vietnam Metalworking Fluids Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Metalworking Fluids Market Import-Export Trade Statistics |
7.1 Vietnam Metalworking Fluids Market Export to Major Countries |
7.2 Vietnam Metalworking Fluids Market Imports from Major Countries |
8 Vietnam Metalworking Fluids Market Key Performance Indicators |
9 Vietnam Metalworking Fluids Market - Opportunity Assessment |
9.1 Vietnam Metalworking Fluids Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Vietnam Metalworking Fluids Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Vietnam Metalworking Fluids Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Vietnam Metalworking Fluids Market - Competitive Landscape |
10.1 Vietnam Metalworking Fluids Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Metalworking Fluids Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |