What is the Market Size of Forging Lubricants in US?

The global forging lubricants market is expected to grow from US$ 759.9 million in 2023 to US$ 1,310.4 million by 2033, with a steady CAGR of 5.6%. The demand is driven by end-use industries such as automotive, aerospace, and construction, particularly in APAC regions like India and China. Forging lubricants, essential in metal-forming operations, enhance productivity by extending tool life and preventing equipment failure. While the market saw a slowdown during the COVID-19 pandemic, it is now set to rebound, especially with increased demand for lightweight aluminum forged parts and eco-friendly lubricants.