- The key vendors in the Global Metal Working Fluids Market 2014-2018 are BP plc, Exxon Mobil Corp., Fuchs Petrolub SE and Houghton International Inc.
London, 11 November 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Metal Working Fluids Market 2014-2018. The market is expected to be favorable for technology leaders with health conscious-products and suppliers with the ability to switch to new channels of distribution. It is expected to allow smaller players with diverse product lines to widen their geographic spectrum. The Global Metal Working Fluids market is expected to witness moderate CAGR growth of 2.40 percent during 2013-2018.
Keeping in view the changes in the Application industry and regulatory developments, innovation is going to be a major factor responsible for market growth. Synthetic metal removal fluids have recently gained a lot of importance and they provide benefits such as excellent visibility during metal working operations and typically low foaming tendency.
“Synthetic and semi-synthetic products have a longer sump life and offer improved performance, which leads to reduced maintenance costs,” says Faisal Ghaus, Vice President of TechNavio Research.
“The sump life of synthetic fluids is almost twice that of a mineral oil while semi-synthetic fluids last one and a half times longer than mineral oils.”
To define the market conditions 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%…
