Global Metalworking Fluid Additives Market Growth 2023-2029

Global Metalworking Fluid Additives Market Growth 2023-2029

Multi-functional additives for metalworking fluids are widely used to formulate water soluble and neat cutting oils for metal working processes. During metal processing these fluids form an effective barrier between metal surfaces and contaminants (such as air, water and other corrosion-producing materials) hence protect metal and finally increase the operating efficiency and reliability of the equipment.

Metalworking fluid additives for industrial lubricants are fairly complex due to their need to carry out multiple functions when in use. These functions include cooling, corrosion protection, providing lubricity and removing metal parts away from the machining activity.

LPI (LP Information)' newest research report, the “Metalworking Fluid Additives Industry Forecast” looks at past sales and reviews total world Metalworking Fluid Additives sales in 2022, providing a comprehensive analysis by region and market sector of projected Metalworking Fluid Additives sales for 2023 through 2029. With Metalworking Fluid Additives sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Metalworking Fluid Additives industry.

This Insight Report provides a comprehensive analysis of the global Metalworking Fluid Additives landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Metalworking Fluid Additives portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Metalworking Fluid Additives market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Metalworking Fluid Additives and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Metalworking Fluid Additives.

The global Metalworking Fluid Additives market size is projected to grow from US$ 2314.5 million in 2022 to US$ 2735.6 million in 2029; it is expected to grow at a CAGR of 2735.6 from 2023 to 2029.

In the metalworking fluid additives market enterprises, the main suppliers are Lubrizol, Afton, FUCHS, Ingevity, Chevron Oronite, Dover Chemical, Evonik Industries, BASF, Vanderbilt Chemicals and Dow, etc. And Lubrizol is the largest suppliers. Lubrizol accounted for about 27% production share. North America is the largest market, with a share about 32%, followed by Europe and China with the share about 28% and 16%.In terms of product, emulsifiers is the largest segment, with a share over 25%. And in terms of application, the largest application is metal removal fluids, followed by metal treating fluids.

This report presents a comprehensive overview, market shares, and growth opportunities of Metalworking Fluid Additives market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Emulsifiers

Corrosion Inhibitors

Extreme Pressure Additives

Biocides

Others

Segmentation by application

Metal Removal Fluids

Metal Treating Fluids

Metal Forming Fluids

Metal Protecting Fluids

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Lubrizol

Infineum

Afton Chemical

Lanxess

Chevron Oronite

Evonik Industries

Ingevity

Univar Solutions

Solvay

Dover Chemical

Dow

Vanderbilt Chemicals

ABITEC

BASF

Clariant

Starry Chemical

Nelson Brothers

Arkema

Emery Oleochemicals

Richful Lube Additive

Key Questions Addressed in this Report

What is the 10-year outlook for the global Metalworking Fluid Additives market?

What factors are driving Metalworking Fluid Additives market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Metalworking Fluid Additives market opportunities vary by end market size?

How does Metalworking Fluid Additives break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.