Condensed Financial Information	3 Months Ended
Mar. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 – Basis of Presentation and Description of Business Basis of Presentation As used in these Notes to Condensed Consolidated Financial Statements, the terms “Quaker”, “Quaker Houghton”, the “Company”, “we”, and “our” refer to Quaker Chemical Corporation (doing business as Quaker Houghton), its subsidiaries, and associated companies, unless the context otherwise requires. As used in these Notes to Condensed Consolidated Financial Statements, the term Legacy Quaker refers to the Company prior to the closing of its combination with Houghton International, Inc. (“Houghton”) (herein referred to as the “Combination”). The condensed consolidated financial statements included herein are unaudited and have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”) for interim financial reporting and the United States Securities and Exchange Commission (“SEC”) regulations. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the financial statements reflect all adjustments which are necessary for a fair statement of the financial position, results of operations and cash flows for the interim periods. The results for the three months ended March 31, 2021 are not necessarily indicative of the results to be expected for the full year. These financial statements should be read in conjunction with the Company’s Annual Report filed on Form 10-K for the year ended December 31, 2020 (the “2020 Form 10-K”). Description of Business The Company was organized in 1918, incorporated as a Pennsylvania business corporation in 1930, and in August 2019 completed the Combination with Houghton to form Quaker Houghton. Quaker Houghton is a global leader in industrial process fluids. With a presence around the world, including operations in over 25 countries, the Company’s customers include thousands of the world’s most advanced and specialized steel, aluminum, automotive, aerospace, offshore, can, mining, and metalworking companies. Quaker Houghton develops, produces, and markets a broad range of formulated chemical specialty products and offers chemical management services (which the Company refers to as “Fluidcare”) for various heavy industrial and manufacturing applications throughout its four segments: Americas; Europe, Middle East and Africa (“EMEA”); Asia/Pacific; and Global Specialty Businesses. Hyper-inflationary economies Based on various indices or index compilations being used to monitor inflation in Argentina as well as economic instability, effective July 1, 2018, Argentina’s economy was considered hyper-inflationary under U.S. GAAP. As a result, the Company began applying hyper-inflationary accounting with respect to the Company's wholly owned Argentine subsidiary beginning July 1, 2018. In addition, Houghton has an Argentina subsidiary to which hyper-inflationary accounting also is applied. As of, and for the three months ended March 31, 2021, the Company's Argentine subsidiaries represented less than 1 % of the Company’s consolidated total assets and net sales, respectively. During the three months ended March 31, 2021 and 2020, the Company recorded $ 0.2 million and $ 0.1 million, respectively, of remeasurement losses associated with the applicable currency conversions related to Argentina. These losses were recorded within foreign exchange (losses) gains, net, which is a component of other income (expense), net, in the Company’s Condensed Consolidated Statements of Operations. COVID-19 Management continues to monitor the impact that the COVID-19 pandemic is having on the Company, the overall specialty chemical industry, and the economies and markets in which the Company operates. The full extent of the COVID-19 pandemic related business and travel restrictions and changes to business and consumer behavior intended to reduce its spread are uncertain as of the date of this Quarterly Report on Form 10-Q for the period ended March 31, 2021 (the “Report”) as COVID-19 and the responses of governmental authorities continue to evolve globally. Further, management continues to evaluate how COVID-19-related circumstances, such as remote work arrangements, affect financial reporting processes, internal control over financial reporting, and disclosure controls and procedures. While the circumstances have presented and are expected to continue to present challenges, at this time, Management does not believe that COVID-19 has had a material impact on financial reporting processes, internal control over financial reporting, and disclosure controls and procedures. The Company cannot reasonably estimate the magnitude of the effects these conditions will have on the Company’s operations in the future as they are subject to significant uncertainties relating to the ultimate geographic spread of the virus, the incidence and severity of the symptoms, the duration or resurgence of the outbreak, the global availability and acceptance of vaccines as well as their efficacy, the length of the travel restrictions and business closures imposed by governments of impacted countries, and the economic response by governments of impacted countries. To the extent that the Company’s customers and suppliers continue to be significantly and adversely impacted by COVID-19, this could reduce the availability, or result in delays, of materials or supplies to or from the Company, which in turn could significantly interrupt the Company’s business operations. Such impacts could grow and become more significant to the Company’s operations and the Company’s liquidity or financial position. Therefore, given the speed and frequency of continuously evolving developments with respect to this pandemic, the Company cannot reasonably estimate the magnitude or the full extent to which COVID-19 may impact the Company’s results of operations, liquidity or financial position.

Note 1 – Basis of Presentation and Description of Business

Basis of Presentation

As used in these Notes to Condensed Consolidated

Financial Statements, the terms “Quaker”, “Quaker Houghton”,

the

“Company”, “we”, and “our” refer to Quaker Chemical

Corporation (doing business as Quaker Houghton), its subsidiaries, and

associated companies, unless the context otherwise requires.

As used in these Notes to Condensed Consolidated

Financial Statements,

the term Legacy Quaker refers to the Company prior

to the closing of its combination with Houghton International,

Inc. (“Houghton”)

(herein referred to as the “Combination”).

The condensed consolidated financial statements included herein

are unaudited and have

been prepared in accordance with generally accepted

accounting principles in the United States (“U.S. GAAP”) for

interim financial

reporting and the United States Securities and Exchange Commission

(“SEC”) regulations.

Certain information and footnote

disclosures normally included in financial statements prepared

in accordance with U.S. GAAP have been condensed or

omitted

pursuant to such rules and regulations.

In the opinion of management, the financial statements reflect all

adjustments which are

necessary for a fair statement of the financial position,

results of operations and cash flows for the interim periods.

The results for the

three months ended March 31, 2021 are not necessarily

indicative of the results to be expected for the full year.

These financial

statements should be read in conjunction with the Company’s

Annual Report filed on Form 10-K for the year

ended December 31,

2020 (the “2020 Form 10-K”).

Description of Business

The Company was organized in 1918, incorporated

as a Pennsylvania business corporation in 1930, and in August

2019

completed the Combination with Houghton to form

Quaker Houghton.

Quaker Houghton is a global leader in industrial process

fluids.

With a presence around the world,

including operations in over

countries, the Company’s customers

include thousands of

the world’s most advanced

and specialized steel, aluminum, automotive, aerospace,

offshore, can, mining, and metalworking

companies.

Quaker Houghton develops, produces, and markets a broad range

of formulated chemical specialty products and offers

chemical management services (which the Company refers

to as “Fluidcare”) for various heavy industrial and manufacturing

applications throughout its

four

segments: Americas; Europe, Middle East and Africa (“EMEA”);

Asia/Pacific; and Global Specialty

Businesses.

Hyper-inflationary economies

Based on various indices or index compilations being

used to monitor inflation in Argentina as well as economic

instability,

effective July 1, 2018, Argentina’s

economy was considered hyper-inflationary under U.S.

GAAP.

As a result, the Company began

applying hyper-inflationary accounting with respect

to the Company's wholly owned Argentine

subsidiary beginning July 1, 2018.

addition, Houghton has an Argentina

subsidiary to which hyper-inflationary accounting also is applied.

As of, and for the three

months ended March 31, 2021, the Company's Argentine

subsidiaries represented less than

% of the Company’s consolidated

total

assets and net sales, respectively.

During the three months ended March 31, 2021 and 2020,

the Company recorded $

0.2

million and

0.1

million, respectively, of

remeasurement losses associated with the applicable currency conversions

related to Argentina.

These

losses were recorded within foreign exchange (losses) gains,

net, which is a component of other income (expense),

net, in the

Company’s Condensed

Consolidated Statements of Operations.

COVID-19

Management continues to monitor the impact that the COVID-19

pandemic is having on the Company,

the overall specialty

chemical industry,

and the economies and markets in which the Company operates.

The full extent of the COVID-19 pandemic

related business and travel restrictions and changes to

business and consumer behavior intended to reduce its spread are

uncertain as of

the date of this Quarterly Report on Form 10-Q for the

period ended March 31, 2021 (the “Report”) as COVID-19

and the responses

of governmental authorities continue to evolve globally.

Further, management continues to

evaluate how COVID-19-related circumstances, such as remote

work arrangements, affect

financial reporting processes, internal control over financial

reporting, and disclosure controls and procedures.

While the

circumstances have presented and are expected to continue

to present challenges, at this time, Management does not believe that

COVID-19 has had a material impact on financial reporting

processes, internal control over financial reporting,

and disclosure

controls and procedures.