Key Findings
The metalworking fluids market of North America is predicted to reach a CAGR of 2.91% over the estimated period, 2020-2028. The revenue in the metalworking fluids depends on the automotive industry in the region. Hence, the growth of the automotive industry is estimated to boost the volume and sales of metalworking fluids during this period.

Market Insights
In order to survey the North America metalworking fluids market growth further, the region is divided into the US and Canada. Canada is a high-tech industrial country, and oil & gas, automotive, chemical manufacturing, and power generation are the major sectors in the country. Despite the automotive industry experiencing a decline since the last 18 months, the approach towards the automotive industry seems encouraging over the projected period. This positive outlook is due to the need for fast replacement of the current circulating vehicles, which has an average CO2 level globally among the worst, which may provide opportunities for automotive lubricants in the country. The decline in investment in the oil and gas industry continues in spite of a rise in global oil prices. The pipeline constraints, together with increased taxation, and regulatory requirements, worsen the issues facing the oil and gas industry in recent years, which, in turn, restrains the industrial lubricant consumption in the oil and gas industry. However, the power generation industry, which has been experiencing some positive trends, supports the growth of the demand for industrial lubricants. The chemical manufacturing sector is a significant contributor to Canada’s economy. Moreover, drilling and exploration activities are also expected to increase in the British Columbian and Alberta Regions. All these factors are propelling the market.

Competitive Insights
Exxon Mobil Corporation, Exxon Mobil Corporation, Houghton International, Inc., Master Fluid Solutions, Chevron Corporation, etc., are some of the leading companies operating in the region.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments