The market is poised to witness an upsurge in the use of metalworking fluids (MWFs) in heavy machinery and automotive applications owing to growing production of sophisticated machines and components. The Global Metalworking Fluids Market size is projected to reach USD 14.54 billion by 2025, as per the findings of Grand View Research, Inc., progressing at a CAGR of 4.4% during the forecast period. The market is characterized by competitive pricing strategies due to increasing number of medium- and small-scale suppliers. Demand for synthetic fluids is anticipated to experience sharp rise owing to their superior properties such as excellent surface finishing and increased tool life. Mineral-based oil is a traditionally used MWF and accounted for a volume share of 46.13% in 2017. It can be produced in large quantities owing to abundant availability, easy accessibility, and cost-effectiveness. Biobased metalworking fluids are likely to witness steady growth in Europe on account of pr...