According to the report, several drivers are propelling the rapid growth of the Global Functional Fluids market, including growing technological advancements in the Industrial sector. As technology improves in this sector, there is an increased demand from end-users for functional fluids that enable high energy, efficiency, productivity, sustainability, and the smooth-running of end-users’ businesses.
Functional fluids, which include lubricants, hydraulic fluids, transmission fluids, heat transfer fluids, and metal working fluids, are prepared from base stocks that are of hydro carbon, synthetic or bio in origin. Functional fluids enable high energy, efficiency, productivity, sustainability, and smooth running of end-user businesses. The demand for functional fluids is highly reliant on end-user industries such as Automotive, Transportation, and Industrial Machinery.
Analysts forecast the Global Functional Fluids market will grow at a CAGR of 4.49 percent over the period 2013-2018.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Functional Fluids market for the period 2014-2018. To calculate the market size, the report considers the revenue generated from sales of functional fluids across various industries. It provides data on different segments of the market based on product type and geography.
Global Functional Fluids Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Europe, North America, the APAC region, and the ROW; it also covers the Global Functional Fluids market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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- North America
Key Market Driver
- Growth in Technological Advancements in Industrial Sector.
Key Market Challenge
- Increase in Raw Material Prices.
Key Market Trend
- Increased Focus on Product Innovations and Efficient Service Programs.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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