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The North America metalworking fluids market is expected to rise from USD 1993 million in 2016 to USD 2551 million by 2025, having the CAGR of 2.87% throughout the forecasting years. For the market study, the base year considered is 2016. North America Metalworking fluids Market is poised to witness significant growth in years 20172025. High stability for both high and low extreme temperature and essential demand for chemical resistance are the drivers rapidly evolving the metalworking fluids market in North America region.
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, Mexico and rest of North America. Growing demand from the automotive industry is the prime factor for the development of the metalworking fluids market. Additionally, the high cost of production, increase in tool life, and less downtime are also enhancing the growth of the market in this region.
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.