Metalworking fluid additives are essential components in forming metalworking fluids for industrial applications, extending machine and tool lifespans, reducing friction, preventing corrosion and adhesion, and efficiently dissipating 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 North America Metalworking Fluid Additives Market is expected to grow with a CAGR of 4.1% from 2023 to 2030 and is expected to reach USD 1,664,813.35 thousand by 2030.
Key Findings of the Study
Expanding Automotive, Aerospace, and Machinery Sectors is Expected to Drive the Market Growth
In the North America market, the demand for metalworking fluid additives is being driven by the rapid growth and expansion of important industry sectors, including 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 North America metalworking fluid additives market thrives, with its progress closely intertwined with the evolution of these industrially vital sectors. Expanding industries such as automotive, aerospace, and machinery are 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
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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, and Mexico
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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) among others
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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 North America 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
In 2023, the surfactant additives and emulsifiers segment is expected to dominate the market.
In 2023, the surfactant additives and emulsifiers segment is expected to dominate the market with a market share of 25.71% 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 application, the market is segmented into soluble oils, straight oils, semisynthetic fluids, and synthetic fluids
- 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 expected to dominate the market.
In 2023, the milling segment is expected to dominate the market with a 24.91% 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 analyses The Lubrizol Corporation (U.S.), Dow (U.S.), Evonik Industries AG (Germany), FUCHS (Germany), and Solvay (Belgium) as the major players of the North America metalworking fluid additives market.
Market Developments
- On August 2023, Colonial Chemical received the Large Business of the Year award (100+ employees) from the Marion County Chamber of Commerce. This marks the sixth time since 2014 they have been recognized for their achievements. Their growth extends globally, with notable expansion at their New Hope, Tennessee headquarters, and they have also received accolades from various industry groups, the Environmental Protection Agency (EPA), and civic organizations
- 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
- In September 2022, Utilize the complete range of CLARIANT additives to create high-lubricity, totally synthetic metalworking fluids. The complete range of low-foaming, multifunctional additives and formulation guidance is now accessible online to enable mineral oil-free. These more bio-resistant water soluble fluids increase machining efficiency, productivity, and protection with fewer components. This helps the organization get more clients since they can fully understand the qualities of each ingredient on the website itself
- In April 2022, Univar Solutions and Dow expanded their global relationship with the L&MF Agreement in Mainland China and Hong Kong. Univar states a strategic relationship with Dow allows us to provide customers access to a robust portfolio of industrial product components. As the largest distributor of Dow's lubricant & Metalworking Fluids ingredients
- In January 2022, Biosynthetic Technologies, a pioneer in biobased synthetic compounds, acquired Innoleo, a distributor of castor derivatives. This strategic move bolsters Biosynthetic's Estolide technology portfolio with a comprehensive line of castor and oleo derivatives. These include castor oil, hydrogenated castor oil, and 12HSA 12-hydroxy stearic acid, catering to applications in grease, lubricants, coatings, and personal care. This collaboration expands their reach and product offerings, enabling them to provide environmentally acceptable lubricants and diverse oleo solutions to a global market
Regional Analysis
Geographically, the countries covered in the North America metalworking fluid additives market report are U.S., Canada, and Mexico.
As per Data Bridge Market Research analysis:
The U.S. is the dominant region in the North America metalworking fluid additives market.
The U.S. is expected to dominate the market due to favorable scenarios for metalworking fluid additives, rapid industrialization, and strong demand for manufacturing in the region.
The U.S. is estimated to be the fastest-growing region in the market.
The U.S. is expected to grow during the forecast period 2023 to 2030 due to the high production and consumption in the region. In addition, various technological advancements in production technologies and production facility expansion in the region.
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