Metalworking fluid additives are essential components used in the formulation of metalworking fluids for industrial applications, serving to extend machine and tool lifespans, reduce friction, prevent corrosion and adhesion, and efficiently dissipate heat during machining. These additives offer significant advantages, such as extreme pressure enhancement through high molecular weight, reduced volatility and odor in tramp oil, and improved workpiece visibility. Emulsifiers ensure stability in fluid emulsions, regardless of water hardness, while metal and chlorine-free lubricity additives enhance friction reduction and emulsification properties. Quench additives improve quenching performance, particularly in mineral oil based fluids, with exceptional deposit and oxidation control.
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Data Bridge Market Research analyzes that the global metalworking fluid additives market is expected to grow with a CAGR of 4.3% from 2023 to 2030 and is expected to reach USD 6,631,484.54 thousand by 2030.
Key Findings of the Study
Expanding Automotive, Aerospace, and Machinery Sectors is Expected to Drive the Market Growth
In the global market, the demand for metalworking fluid additives is being driven by the rapid growth and expansion of important industry sectors including the automotive, aerospace, and machines. These industries represent modern manufacturing as a whole by continually pushing the boundaries of innovation and technical development.
Spanning diverse products, the machinery industry encompasses heavy-duty industrial equipment and intricate electronic devices. As the industry embraces the era of Industry 4.0 and smart manufacturing, additive solutions tailored to various manufacturing processes become essential. Metalworking fluid additives enable the machinery sector to achieve enhanced efficiency, extended tool life, and impeccable surface finishes, thereby underpinning the creation of cutting-edge machinery.
The expansion of these industries is intrinsically linked to increasing production demands, precision requirements, and the relentless pursuit of operational excellence. This collective growth fuels the demand for metalworking fluid additives that optimize machining processes, elevate tool longevity, and refine surface quality. As a result, the global metalworking fluid additives market thrives, with its progress closely intertwined with the evolution of these industrially vital sectors. The expansion of industries such as automotive, aerospace, and machinery is expected to drive market growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Thousand, and Volume in Tons
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Segments Covered
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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)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, the rest of South America, Germany, France, Spain, U.K., Italy, Russia, Belgium, Netherlands, Turkey, Sweden, Switzerland, Denmark, Norway, Finland, the rest of Europe, China, India, Japan, South Korea, Singapore, Australia, Taiwan, Thailand, Indonesia, Malaysia, Hong Kong, New Zealand, Philippines, the rest of Asia-Pacific, Saudi Arabia, Egypt, South Africa, Qatar, U.A.E., Israel, Oman, Kuwait, Bahrain, and the rest of Middle East and Africa
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Market Players Covered
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The Lubrizol Corporation (U.S.), Dow (U.S.), Evonik Industries AG (Germany), FUCHS (Germany), Solvay (Belgium), LANXESS (Germany), BP p.l.c. (U.K.), CLARIANT (Germany), Ingevity and its related entities (U.S.), Ashland (U.S.), Italmatch Chemicals S.p.A. (Italy), Kao Corporation (Japan), Umicore (Belgium), Colonial Chemical (U.S.), Biosynthetic Technologies (U.S.), DOVER CHEMICAL CORPORATION (U.S.), Emery Oleochemicals (U.S.), Pilot Chemical Corp. (U.S.), R.T. Vanderbilt Holding Company, Inc. (U.S.), and ZSCHIMMER & SCHWARZ, INC. (Germany)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis
The global metalworking fluid additives market is segmented into four notable segments based on additive type, application, metalworking activity, and end use.
- On the basis of additive type, the market is segmented into surfactant additives and emulsifiers, Corrosion Inhibitors, extreme pressure additives, stabilizers, antifoamers, alkanolamines, antimist agents, colorants/dyes, and others
- On the basis of application, the market is segmented into soluble oils, straight oils, semisynthetic fluids, and synthetic fluids
In 2023, the surfactant additives and emulsifiers segment of application is anticipated to dominate the global metalworking fluid additives market
In 2023, the surfactant additives and emulsifiers segment is expected to dominate the market with a market share of 26.45% due to their crucial role in improving lubrication, cooling, and stability by reducing friction and enhancing the dispersion of oil and water-based fluids in machining processes
- On the basis of metalworking activity, the market is segmented into milling, drilling, grinding, honing, tapping, and others.
In 2023, the milling segment of metalworking activity is anticipated to dominate the global metalworking fluid additives market
In 2023, the milling segment is expected to dominate the market with a 25.69% market share due to its widespread use in precision machining, which requires effective lubrication and cooling.
- On the basis of end use, the market is segmented into automotive, aerospace, machinery and equipment manufacturing, power and energy, marine, and others
Major Players
Data Bridge Market Research recognizes the following companies as the major players in the global metalworking fluid additives market that includes The Lubrizol Corporation (U.S.), Dow (U.S.), Evonik Industries AG (Germany), FUCHS (Germany), and Solvay (Belgium)
Market Developments
- In May 2023, Emery Oleochemicals, in collaboration with distributor Omya, is set to showcase their innovative Green Polymer Additives at the PLASTPOL trade fair in Kielce, Poland from May 23-26, 2023. With a focus on enhancing plastic processing and properties, their product lineup includes lubricants, release agents, antistatic agents, and natural-based plasticizers, exemplified by renowned brands LOXIOL, EDENOL, and EMEROX. Participating in PLASTPOL allows Emery Oleochemicals to showcase its innovative Green polymer additives, enhancing its market presence and engagement
- In April 2023, LANXESS unveiled a breakthrough in metalworking fluid additives with their new sustainable light-color sulfur carriers under the Scopeblue label. These innovative additives, such as Additin RC 2315, RC 2317, RC 2410, RC 2415, RC 2418, and RC 2515, are produced using locally sourced renewable materials. These additives are produced using locally sourced renewable materials and deliver superior performance in modern metalworking processes. They effectively reduce wear and prevent cold welding on metal surfaces, even under high pressures. Notably, these additives boast an eco-friendly profile and are replacing less sustainable options such as chlorinated paraffin
- In March 2023, Solvay, a worldwide paint and coating solutions provider, will exhibit at the European Coatings Show 2023 in Nuremberg, Germany. The company will demonstrate how its innovative surfactants, emulsifiers, specialized monomers, and other functional solutions may improve the performance, aesthetics, and longevity of paints and coatings while also contributing to resource efficiency, better air quality, and healthier living. Among the Solvay solutions in the limelight are Rhodasurf, Abex, Aerosol, and Reactsurf 2490
Regional Analysis
Geographically, the regions covered in the global metalworking fluid additives market report are U.S., Canada, Mexico, Brazil, Argentina, the rest of South America, Germany, France, Spain, U.K., Italy, Russia, Belgium, Netherlands, Turkey, Sweden, Switzerland, Denmark, Norway, Finland, the rest of Europe, China, India, Japan, South Korea, Singapore, Australia, Taiwan, Thailand, Indonesia, Malaysia, Hong Kong, New Zealand, Philippines, the rest of Asia-Pacific, Saudi Arabia, Egypt, South Africa, Qatar, U.A.E., Israel, Oman, Kuwait, Bahrain, and the rest of Middle East and Africa
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the global metalworking fluid additives market
In 2023, Asia-Pacific is expected to dominate the global metalworking fluid additives market due to favourable scenarios for metalworking fluid additives, rapid industrialization and strong demand for manufacturing in the region.
Asia-Pacific is estimated to be the fastest-growing region in the global metalworking fluid additives market
Asia-Pacific is expected to grow during the forecast period 2023 to 2030 due to the high production and consumption in the region. In addition to this, various technological advancements in production technologies and production facility expansion in the region.
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