North America Metalwroking Fluid Additives Market - Industry Trends and Forecast to 2030
The North America metalworking fluid additives market is expected to reach USD 1,664,813.35 million by 2030 from USD 1,212,105.56 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
Overview of the North America Metalworking Fluid Additives Market Dynamics
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
Opportunities
• Technological advancements in the metalworking process
• Shift toward eco-friendly additives
Market Players
Some of the major players operating in the North America metalworking fluid additives market are: • The Lubrizol Corporation
• Dow
• 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.