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Global Functional Fluids Market worth 42.2 Billion USD by 2020 - Report by MarketsandMarkets

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The report "Functional Fluids Market by Type (Process Oil, Hydraulic & Transmission Fluid, Metal Working Fluid, Heat Transfer Fluid, and Others) & by Application (Industrial, Construction, Transportation, and Others) - Global Trends and Forecast to 2020", The functional fluids market size, in terms of value, is projected to reach USD 42.2 Billion by 2020, at a CAGR of 4.5% between 2015 and 2020.

Browse 68 market tables and 51 figures spread through 127 pages and in-depth TOC on "Functional Fluids Market by Type (Process Oil, Hydraulic & Transmission Fluid, Metal Working Fluid, Heat Transfer Fluid, and Others) & by Application (Industrial, Construction, Transportation, and Others) - Global Trends and Forecast to 2020" https://www.marketsandmarkets.com/Market-Reports/functional-fluids-market-175554096.html Early buyers will receive 10% customization on reports.

Currently, the global functional fluids market is dominated by various market players such as ExxonMobil Corporation (U.S.), Royal Dutch Shell Plc. (Netherlands), BP Plc (U.K.) Fuchs Petrolub SE (Germany), Chevron Corporation (U.S.), Idemitsu Kosan Co. Ltd (Japan), The Dow Chemical Company (U.S.), BASF SE (Germany), and Petroliam Nasional Berhad (Malaysia), and others.

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Growing automotive industries and industrialization to drive the industrial application segment

The industrial application segment is leading the functional fluids market. This is owed to the rapid growth of the manufacturing industries in the Asia-Pacific region. Functional fluids are used to reduce friction and stress between the surfaces, provide oxidation, temperature stability, corrosion resistance, and low volatility.

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About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact: 

Mr. Rohan 

Markets and Markets 

UNIT no 802, Tower no. 7, SEZ Magarpatta city, Hadapsar Pune, Maharashtra 411013, 

India 1-888-600-6441 

Email: [email protected]

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