The analysts forecast the global functional fluids market to grow at a CAGR of 4.41% during the period 2016-2020.
The demand for functional fluids is highly dependent on end-user industries, such as automotive, transportation, and industrial machinery. The report covers the present scenario and the growth prospects of the global functional fluids market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of functional fluids in different geographic regions. The report also includes a discussion of the key vendors operating in this market.
Demand for synthetic and semisynthetic metalworking fluids will be a key trend for market growth. Modern synthetic fluids help in lubrication and other performance properties required for various metalworking operations. These products can be used to perform operations on many specialized materials and most common metals.
According to the report, synthetic functional fluids gaining prominence will be a key driver for market growth. Innovation is an important factor for sustainability and growth of the functional fluids market. With regards to the changes in the application industry and regulatory developments, innovation is going to be a major factor accountable for market growth.
Synthetic metal removal fluids have recently gained a lot of prominences, and they deliver benefits of excellent visibility during metal working operations. Keeping in view the changes in the different application industries and regulatory developments, the introduction and development of advanced products are acting as major factors for market growth.
- Chevron Oronite
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product type
Part 07: Market segmentation by applications
Part 08: Global functional fluids market by geography
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Key vendor analysis
Part 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/c2863p/global_functional
Related Topics: Lubricants and Greases
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SOURCE Research and Markets