EXHIBIT 23

                       Consent of Independent Accountants

      We hereby consent to the  incorporation  by reference in the  Registration
Statements on Form S-8 (No. 2-57924,  No. 33-54158,  and No. 33-51655) of Quaker
Chemical  Corporation of our report dated February 21, 1996 appearing on page 29
of the 1995 Annual Report to  Shareholders  which is incorporated in this Annual
Report on Form 10-K.




PRICE WATERHOUSE LLP


Philadelphia, PA
March 29, 1996