Global and China Metalworking Fluid Additives Market Status and Forecast 2022-2028
Market Analysis and Insights: Global Metalworking Fluid Additives and China Market
The global Metalworking Fluid Additives market size is estimated to be worth US$ 2,492.68 million in 2022 and is forecast to a readjusted size of US$ 2,862.68 million by 2028 with a CAGR of 2.33% during the forecast period 2022-2028. Emulsifiers accounting for 26.00% of the Metalworking Fluid Additives global market in 2021, is projected to value US$ 777.21 million by 2028, growing at a revised 2.59% CAGR from 2022 to 2028. While Metal Removal Fluids segment is altered to a 2.70% CAGR throughout this forecast period.
China Metalworking Fluid Additives market size was US$ 398.18 million in 2021, while the North America was US$ 765.84 million. The proportion of the North America was 32.37% in 2021, while China percentage was 16.83%, and it is predicted that China market share will reach 18.79% in 2028, trailing a CAGR of 4.06% through the analysis period. As for the Asia, the notable markets are Southeast Asia and India, CAGR is 2.88% and 3.69% respectively for the next 6-year period.
The global major manufacturers of Metalworking Fluid Additives include Lubrizol, Infineum, Afton Chemical, Lanxess, Chevron Oronite, Evonik Industries, Ingevity, Univar Solutions, and Solvay, etc. In terms of revenue, the global three largest players hold a 56.14% market share of Metalworking Fluid Additives in 2021.
Global Metalworking Fluid Additives Scope and Market Size
Metalworking Fluid Additives market is segmented by region (country), by players, by Type, and by Application. Players, stakeholders, and other participants in the global Metalworking Fluid Additives market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.
For China market, this report focuses on the Metalworking Fluid Additives market size by players, by Type, and by Application, for the period 2017-2028. The key players include the global and local players which play important roles in China.
The Key manufacturers that are operating in the global Metalworking Fluid Additives market are:
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
Segment by Type
Emulsifiers
Corrosion Inhibitors
Extreme Pressure Additives
Biocides
Others
Segment by Application
Metal Removal Fluids
Metal Treating Fluids
Metal Forming Fluids
Metal Protecting Fluids
Segment by Region
North America
Europe
Japan
China
Southeast Asia
India
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