London, 04 August 2015: Technavio, the independent tech-focused global research firm, has published a report on the global removal fluids market 2015-2019, which is expected to witness a CAGR growth of 2.95% during the period 2014-2019.
The market is expected to benefit from the increased usage of the products by manufacturers in the fabricated metal products market resulting from their increased emphasis on the reduction of their overall production costs.
“Synthetic metal removal fluids have recently gained great importance, and they provide benefits such as excellent visibility during metal working operations and a typically low foaming tendency,” says Faisal Ghaus, Vice President of Technavio.
“With The demand for new technology-based synthetic products in the fabricated metal products segment expected to increase in the coming years, the increased popularity of these products will hugely benefit the growth of the market.”
Key Market Drivers
- Increased Demand from Chinese Automotive Sector
- Increased Need for Innovative Products
- Aim to Reduce Costs in Metal Products Market
- Regulatory Support
Key Market Trends
- Changes in Distribution Channels
- Growing Demand in India and China
- Upward Trend in Near Dry Machining and Other Manufacturing Techniques
- Increased Popularity of Synthetic Removal Fluids
Key Market Vendors
- BP plc
- Houghton International Inc.
- Idemitsu Kosan Co. Ltd.
- Quaker Chemical Corp.
- Yushiro Chemical Industry Co. Ltd.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
