According to a new report by IMARC Group, the global functional fluids market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 4% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Functional fluids are used as insulating and lubricating agents in hydraulic and braking systems, turbines, compressors, engines, refrigeration systems, transmission units, etc. These fluids majorly include engine oils, hydraulic fluids, metalworking lubricants, and heat transfer fluids. They aid in reducing friction, minimizing wear and tear of the components, dissipating the heat produced, and preventing corrosion and sealing. Based on the low compressibility ratio, functional fluids prevent oxidization in machinery and are highly efficient under high temperature, mechanical stress, and pressure. As a result, they are widely used across several end-use sectors, such as automotive, metal, mining, transportation, construction, aerospace, etc.
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Market Trends:
The growing automotive industry has augmented the adoption of automotive functional fluids, such as antifreeze and engine internal cleaner, which enhance the vehicle performance. Moreover, the increasing utilization of high-performance process oils in the industrial metal fabrication industry is also inflating the market growth. Functional fluids offer smooth surfaces to the working unit and enhance the equipment performance in manufacturing polymers, fibers, and cables. Additionally, the introduction of stringent government regulations, along with the emergence of bio-based and eco-friendly functional fluids, is further driving the product demand. Furthermore, the rising adoption of these fluids for manufacturing and printing specialty paper is anticipated to propel the functional fluids market.
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List of Key Companies Covered in this Market Report:
- BASF SE
- BP Plc.
- Chevron Corporation
- Croda International Plc
- Exxon Mobil Corporation
- Fuchs Petrolub AG
- Huntsman International LLC (Indorama Ventures Public Co. Ltd.)
- Idemitsu Kosan Co. Ltd.
- Petroliam Nasional Berhad (PETRONAS)
- Royal Dutch Shell Plc
- The Dow Chemical Company
The report has segmented the market on the basis of type, application and geography.
Breakup by Type:
- Process Oil
- Hydraulic and Transmission Fluid
- Metalworking Fluid
- Heat Transfer Fluid
- Coating Fluid
- Bio-based Hydraulic Fluid
- Others
Breakup by Application:
- Automotive
- Metals and Mining
- Construction
- Transportation
- Industrial Machinery
- Others
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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According to the latest report by IMARC Group “Functional Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global functional fluids market exhibited moderate growth during 2015-2020.
Looking forward, IMARC Group expects the market to grow at a CAGR of around 4% during 2021-2026.Functional fluids refer to liquids, such as process oils, coating fluids and engine oils, used for lubrication and insulation in various industrial operations.
They enhance the working capacity of the machinery by reducing friction and wear and tear of the working components, preventing corrosion, dissipating the heat generated and sealing components.
Additionally, the escalating demand for high-performance process oils from the industrial metal fabrication sector to provide smooth surfaces to the processing unit has catalyzed the market growth.
Furthermore, the widespread adoption of functional fluids in packaging, printing and manufacturing specialty paper is positively influencing the market.
Other factors, including rapid industrialization and the introduction of bio-based product variants due to stringent governmental regulations, are anticipated to propel market growth in the coming years.Request for a free sample copy of this report: https://www.imarcgroup.com/functional-fluids-market/requestsampleWe are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries.
According to IMARC Group’s latest report, titled “Polycarbonate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global polycarbonate market grew at a CAGR of 6% during 2015-2020.
Looking forward, the market is expected to exhibit moderate growth during 2021-2026.We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries.
These observations will be integrated into the report.Polycarbonate is a group of lightweight, durable, and amorphous thermoplastic polymers.
It offers optical transparency, oxidative and thermal stability, and resistance to moisture, chemicals, heat, and electricity.
Polycarbonate is used to manufacture safety glass, eye lenses and architectural glazing, semiconductor machinery components, and transparent manifolds.Get Sample Report with Detail COVID-19 Impact Analysis -https://www.imarcgroup.com/polycarbonate-market/requestsampleMarket Trends:Growing industrialization and rising demand for lightweight and shatter-resistant products are driving the polycarbonate market.
Furthermore, extensive applications of hollow polycarbonates in manufacturing thermally insulated consumer electronic devices is further augmenting the product demand.
Players, stakeholders, and other participants in the global Metal Cutting Fluids market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/92856/global-metal-cutting-fluids-2027-530 Segment by TypeEmulsion Metal Cutting FluidsSemi-Synthetic Metal Cutting FluidsSynthesis Metal Cutting FluidsNeat Oil Metal Cutting FluidsSegment by ApplicationAutomobile ManufacturingPrecision MachineryElectrical EquipmentMetal ProductsAutomobile ManufacturingBy CompanyHoughton (Gulf Oil)BPFuchsYushiro ChemicalQuakerBlaserIdemitsu KosanDaido Chemical IndustryCOSMO OilMasterExxon Mobil CorporationPetroferJX NIPPONKYODO YUSHIIndian OilTotalMilacronThe Lubrizol CorporationValvolineChevronMecom IndustriesLUKOILNIKKO SANGYOAPARHPCLSINOPECTalentGMERINanjing Kerun LubricantsRunkangProduction by RegionNorth AmericaEuropeChinaJapanConsumption by RegionNorth AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EReasons to Purchase Our Research Report:1.
Market dynamics scenario, along with growth opportunities of the market in the years to come3.
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects4.
Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market.5.
Market value (USD Million) and volume (Units Million) data for each segment and sub-segment6.
Polyalphaolefin Market is a type of synthetic base oil which is majorly used in automotive and industrial lubricants.
PAOs are widely used in automotive liquids as well as in gear, hydraulic, and bearing oils, operating in highly cold or warm environments.
In some broad temperature grades, they are also used as base liquids.
PAO also have good thermal ability, provide tear & wear protection and have good load capacity.Global polyalphaolefin (PAO) market is set to witness a steady CAGR of 3.45% in the forecast period of 2019- 2026.The report contains data of the base year 2018 and historic year 2017.
Get Sample Report at : https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-polyalphaolefin-pao-marketCompetitive Analysis: Global Polyalphaolefin MarketFew of the major competitors currently working in the global polyalphaolefin (PAO) market are Chevron Phillips Chemical Company, Exxon Mobil Corporation., TULSTAR PRODUCTS INC., INEOS, LANXESS, NACO Corporation, Lubricon Industries, Idemitsu Kosan Co.,Ltd., Mitsui Chemicals, Inc., Royal Dutch Shell., RB PRODUCTS, INC., Labdhi Chemicals., Novvi, LLC., Sasol, FUCHS, LUKOIL Marine Lubricants DMCC, Croda International Plc, among others.
Key Pointers Covered in the Global Polyalphaolefin Market Trends and Forecast to 2026Global Polyalphaolefin Market New Sales VolumesGlobal Polyalphaolefin Market Replacement Sales VolumesGlobal Polyalphaolefin Market Installed BaseGlobal Polyalphaolefin Market By BrandsGlobal Polyalphaolefin Market SizeGlobal Polyalphaolefin Market Procedure VolumesGlobal Polyalphaolefin Market Product Price AnalysisGlobal Polyalphaolefin Market Healthcare OutcomesGlobal Polyalphaolefin Market Cost of Care AnalysisGlobal Polyalphaolefin Market Regulatory Framework and ChangesGlobal Polyalphaolefin Market Prices and Reimbursement AnalysisGlobal Polyalphaolefin Market Shares in Different RegionsRecent Developments for Global Polyalphaolefin Market CompetitorsGlobal Polyalphaolefin Market Upcoming ApplicationsGlobal Polyalphaolefin Market Innovators StudyGet Detailed TOC:https://www.databridgemarketresearch.com/toc/?dbmr=global-polyalphaolefin-pao-market Key Developments in the Market:In May 2016, ExxonMobil chemical announced the launch of their SpectraSyn Elite metallocene polyalphaolefin synthetic base stocks.
The ‘Global Hydraulic Fluids Market Report’ is a comprehensive and in-depth stuxxdy on the size, share, growth, trends, demand and estimation with a focus on the latest development.
The report provides key statistics on the market status with highlights on various important strategic such as mergers, acquisitions, partnership and other development.This section of the hydraulic fluids market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.Request a FREE Sample Copy of Global Hydraulic Fluids Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/hydraulic-fluids-market/download-sampleBy Base OilMineral OilSynthetic OilSemi-synthetic OilBio-based OilBy ApplicationEnergy Transfer MediumHeat TransferContaminant RemovalSealingLubricationOthersBy End UseOEMMining EquipmentConstruction EquipmentTransportationOil & GasMetal ProductionFood & BeverageOthersBrowse Full Global Hydraulic Fluids Market Research Report With TOC At: https://www.valuemarketresearch.com/report/hydraulic-fluids-marketThe research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the hydraulic fluids market include Royal Dutch Shell Plc., Exxon Mobil Corporation, BP P.l.c, Chevron Corporation, Total S.A., PetroChina Company Limited, Sinopec Group, PJSC LUKOI, Indian Oil Corporation, and Idemitsu Kosan Co., Ltd.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.This section covers the regional outlook, which accentuates current and future demand for the Hydraulic Fluids market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.Purchase complete Global Hydraulic Fluids Market Research Report At: https://www.valuemarketresearch.com/contact/hydraulic-fluids-market/buy-nowAbout Us:Value Market Research was established with the vision to ease decision making and empower the strategists by providing them with holistic market information.We facilitate clients with syndicate research reports and customized research reports on 25+ industries with global as well as regional coverage.Contact:Value Market Research401/402, TFM, Nagras Road, Aundh, Pune-7.Maharashtra, INDIA.Tel: +1-888-294-1147Email: [email protected]: https://www.valuemarketresearch.com
Global Off-Highway Equipment Lubricants Market, By Product (Heavy-Duty Engine Oils, Transmission Fluids, Hydraulic Fluids, Greases, Gear oils, Others), End Use (Transportation, Industrial), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028The off-highway equipment lubricants market is expected to witness market growth at a rate of 8.20% in the forecast period of 2021 to 2028 and is further estimated to reach 855.806 USD million by 2028.
Data Bridge Market Research report on off-highway equipment lubricants market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
The rise in the demand for heavy-duty engine oils is escalating the growth of off-highway equipment lubricants market.Off-Highway Equipment Lubricants Market by DBMR gives experiences with respect to the market elements affecting the industry, degree, division and overlays shadow upon the business players including the great centered scene and upcoming years.This Report encases extensive investigation accessible and is assessed through volume and data endorsed on three techniques including top associations earnings.
It closes with careful and genuine Off-Highway Equipment Lubricants market assessments thinking about every single boundary and market component.
Each basic and indisputable detail for the improvement and limit of the market is referred to in fine concentrations with suggestions that might impact the market.
Further, division of the market is considered expressly to give critical data for beneficial market speculations.Get a Special Sample Report@ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-off-highway-equipment-lubricants-marketOrganizations Mentioned: BASF SE, Chevron Corporation., Exxon Mobil Corporation., Royal Dutch Shell plc, bp p.l.c., Total, LUKOIL, Petroliam Nasional Berhad (PETRONAS), The Lubrizol Corporation, FUCHS, Amsoil, Inc., Pennzoil, Valvoline LLC, PetroChina Company Limited, Phillips 66 Company., Calumet Branded Products, LLC, Evonik Industries AG, Sinopec, Afton Chemical, Idemitsu Kosan Co.,Ltd., Millers Oil LtdThe report Off-Highway Equipment Lubricants Industry gives moved portrayal about the division of the market dependent on Application, and leads with a realistic construction of the examples and limits of the various divides and sub pieces.
