NA Metalworking Fluid Additives Market- Industry Trends and Forecast to 2034
North America Metalworking Fluid Additives Market is expected to reach USD 16,64,813.35 million by 2030 from USD 12,12,105.56 million in 2022, growing at a CAGR of 4.1% during the forecast period of 2023 to 2030.
Market SegmentationNorth America Metalworking Fluid Additives Market, By Additive Type (Surfactant Additives and Emulsifiers, Corrosion Inhibitors, Extreme Pressure Additives, Stabilizers, Antifoamers, Alkanolamines, Antimist Agents, Colorants/Dyes, and Others), Application (Soluble Oils, Straight Oils, Semisynthetic Fluids, and Synthetic Fluids), Metalworking Activity (Milling, Drilling, Grinding, Honing, Tapping, and Others), End Use (Automotive, Aerospace, Machinery and Equipment Manufacturing, Power and Energy, Marine, and Others), Country (U.S., Canada and Mexico) Industry Trends and Forecast To 2030.
Some of the major factors contributing to the growth of the Middle East and Africa metalworking fluid additives market:
Drivers
• Expanding automotive, aerospace, and machinery sectors
• Rising quality standards and automation in industries
Restraints
• Supply chain disruptions in the metalworking fluid additives market
• Industries shifting to traditional dry machining
Opportunitites
• Technological advancements in the metalworking process
• Shift toward eco-friendly additives
Market PlayersSome of the key players operating in the North America metalworking fluid additives market are:
• The Lubrizol Corporation
• Dow
• Evonik Industries AG
• FUCHS
• Solvay
• LANXESS
• BP p.l.c.
• CLARIANT
• Ingevity
• Ashland
• Italmatch Chemicals S.p.A.
• Kao Corporation
• Umicore
• Colonial Chemical
• Biosynthetic Technologies
• DOVER CHEMICAL CORPORATION
• Emery Oleochemicals
• Pilot Chemical Corp.
• R.T. Vanderbilt Holding Company, Inc.
• ZSCHIMMER & SCHWARZ, INC.
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