Vietnam Metalworking Fluids market revenue size is projected to grow at a CAGR of 4.5% during 2025-2031

Removal fluids by Type held the largest market share of Vietnam Metalworking Fluids Market -6Wresearch

In 2024, Removal fluids command the largest market share, driven by their critical role in core metalworking processes machining, cutting, grinding, and milling. These processes underpin Vietnam’s manufacturing and export base in automotive and electronics, requiring continuous use of fluids to manage heat, extend tool life, and maintain quality. This makes removal fluids the market’s dominant segment by both volume and value.

According to 6Wresearch, Vietnam Metalworking Fluids market revenue size is projected to grow at a CAGR of 4.5% during 2025-2031. Vietnam metalworking fluids (MWF) market experienced steady growth in recent years, driven primarily by the country’s expanding manufacturing base and rising foreign direct investment. Manufacturing output increased, reflecting Vietnam’s growing role as a regional production hub. The automotive industry has been a particularly strong contributor, with vehicle production rising sharply. This expansion has translated directly into higher demand for MWF, which play a critical role in machining, forming, and precision fabrication processes across the sector.

In the upcoming years, the market is poised for accelerated growth as Vietnam’s aviation and rail industries expand. The aircraft maintenance, repair, and overhaul (MRO) market is expected to grow at an annual rate through 2030, supported by an annual increase in the national aircraft fleet both of which will drive greater use of MWF in component machining and maintenance operations.

At the same time, Vietnam is investing heavily in railway infrastructure, with flagship projects such as the Lao Cai–Hanoi–Hai Phong line (targeted for completion by 2030) and the Ho Chi Minh City–Can Tho line (expected by 2032) alongside several additional projects in the pipeline. These developments will significantly expand the scope of industrial metalworking applications, positioning the MWF market for robust and sustained long-term growth.

According to Suryakant, Senior Research Analyst, 6Wresearch, The automotive sector holds the largest end-user share, reflecting its intensive use of metalworking fluids. High volumes of machining for engine and transmission parts, stamping for body panels, and corrosion protection make it the dominant demand driver across nearly all fluid types.

Vietnam Metalworking Fluids Market (2025-2031) report provides an in-depth analysis with 10 figures and 4 tables, covered in 67 pages. The report thoroughly covers market By Type and end user. Vietnam Metalworking Fluids Market outlook report provides an unbiased and detailed analysis of the on-going Vietnam Metalworking Fluids Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.