Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Forging Lubricants Market size was valued at USD 806.79 million in 2024 and is likely to cross USD 1.59 billion by 2037, expanding at more than 5.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of forging lubricants is estimated at USD 841.64 million.
The growing automotive industry stands out as a primary growth driver for the market, propelling demand and influencing innovation within the sector.
As the automotive landscape evolves, driven by technological advancements and sustainability goals, the demand for high-performance forged components continues to surge. According to a report, the global automotive forging sales are projected to reach USD 86 billion by 2027.
Forging lubricants are critical in the metal forging process because they reduce friction, minimize wear and tear on tools and equipment, and improve overall forging efficiency. Ongoing research and development in lubricant technology aim to create more efficient and environmentally friendly products. The adoption of advanced lubricants with improved performance characteristics has been a trend.
