North America Metalworking Fluids Market Forecast 2018-2026
The North America metalworking fluids market is expected to rise at a CAGR of 3.06% over the forecast period of 2018-2026. High stability for both high and low extreme temperature and essential demand for chemical resistance are the primary drivers for this market’s growth.
Metalworking fluids market is segmented on the basis of product type, application, and geography. Market by product is divided into forming fluids, removal fluids, treating fluids, and protecting fluids. The application market is bifurcated into machinery, primary metals, transportation equipment, metal cans, metal products, and others. The countries studied in this region are U.S, Canada, and Mexico. Factors like the high cost of production, increase in tool life, and less downtime are encouraging the growth of the metalworking fluids market in these countries.
The major companies mentioned in the North America metalworking fluids market are Lubrizol, Chevron Phillips Inc., Fuchs Petrolub, Yushiro, Exxon Mobil, Houghton International, Idemitsu Kosan, Lukoil, Quaker Chemicals, and BP Plc.