Boston, MA -- (SBWIRE) -- 08/30/2016 -- Functional fluids, such as lubricants, transmission fluids, hydraulic fluids, heat transfer fluids, and metalworking fluids, are prepared from base stocks, which are hydrocarbons, synthetic or biological in origin. Functional fluids offer high energy efficiency, productivity, sustainability, and the smooth running of different end-user businesses. The demand for functional fluids is highly dependent on end-user industries, such as automotive, transportation, and industrial machinery.

Technavio's analysts forecast the global functional fluids market to grow at a CAGR of 4.41% during the period 2016-2020.

Covered in this report

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.

Get More Details on this Report and a Full Table of Contents at Global Functional Fluids Market 2016-2020

The market is divided into the following segments based on geography:

-APAC
-EMEA
-North America
-ROW

Technavio's report, Global Functional Fluids Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-BASF
-BP
-Chevron Oronite
-ExxonMobil
-Shell
-TOTAL

Market driver

-Recovery in automobile production is driving functional fluids market in automobile sector
-For a full, detailed list, view our report

Market challenge

-Environment, health, and safety issues
-For a full, detailed list, view our report

Market trend

-Demand for synthetic and semisynthetic metalworking
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: BASF, , BP, , Chevron Oronite, , ExxonMobil, , Shell, , TOTAL

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