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Global Functional Fluids Market 2016-2020

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global functional fluids market
    • Market size and forecast
      • Table Global functional fluids market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Global functional fluids market by product type
      • Table Global functional fluids market by product type 2015
      • Table Global functional fluids market by product type 2020
    • Global functional fluids market by transmission and hydraulic fluids
      • Table Global functional fluids market by transmission and hydraulic fluids 2015-2020 ($ billions)
    • Global functional fluids market by metalworking fluids
      • Table Global functional fluids market by metalworking fluids 2015-2020 ($ billions)
    • Global functional fluids market by heat transfer fluids
      • Table Global functional fluids market by heat transfer fluids 2015-2020 ($ billions)
    • Global functional fluids market by process oils
      • Table Global functional fluids market by process oils 2015-2020 ($ billions)
  • Market segmentation by applications
    • Global functional fluids market by application
      • Table Global functional fluids market by application 2015
      • Table Global functional fluids market by application 2020
    • Global functional fluids market in industrial segment
      • Table Global functional fluids market in industrial segment 2015-2020 ($ billions)
      • Table Comparison of industrial production growth rate of key leading countries in terms of consumption 2010-2014
    • Global functional fluids market in transportation segment
      • Table Global functional fluids market in transportation segment 2015-2020 ($ billions)
      • Table Global automobile production in units 2015-2020 (growth rates)
      • Table Global vehicle production statistics 2015
    • Global functional fluids market in construction segment
      • Table Global functional fluids market in construction segment 2015-2020 ($ billions)
  • Global functional fluids market by geography
    • Global functional fluids market by geography
      • Table Global functional fluids market by geography 2015
      • Table Global functional fluids market by geography 2020
    • Functional fluids market in APAC
      • Table Functional fluids market in APAC 2015-2020 ($ billions)
    • Functional fluids market in North America
      • Table Functional fluids market in North America 2015-2020 ($ billions)
    • Functional fluids market in EMEA
      • Table Functional fluids market in EMEA 2015-2020 ($ billions)
      • Table Passenger car sales in Germany 2010-2015 (millions of units)
      • Table Key noticeable figures in European auto market
    • Functional fluids market in ROW
      • Table Functional fluids market in ROW 2015-2020 ($ billions)
  • Market drivers
    • Table Global automobile production 2015-2020 (millions of units)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Types of fluids and related concentration of oil
  • Vendor landscape
    • Competitive scenario
    • Buying criteria
      • Table Buying criteria
  • Key vendor analysis
    • BASF
      • Table BASF: Business segmentation by revenue 2015
      • Table BASF: Product offering
    • BP
      • Table BP: Business segmentation by revenue 2015
    • Chevron Oronite
      • Table Chevron Oronite: Product offering
    • ExxonMobil
      • Table ExxonMobil: Business segmentation
      • Table ExxonMobil: Geographical segmentation in 2015
      • Table Features and benefits of functional fluids offered by ExxonMobil
    • Shell
      • Table Shell: Business segmentation by revenue 2015
    • TOTAL
      • Table TOTAL: Business segmentation by revenue 2015
  • Appendix
    • List of abbreviation
  • Explore Technavio

Global Functional Fluids Market 2016-2020

About Functional Fluids

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.

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?


Press Release

Technavio Announces the Publication of its Research Report – Global Functional Fluids Market 2016-2020

Technavio recognizes the following companies as the key players in the global functional fluids market: BASF, BP, Chevron Oronite, ExxonMobil, Shell, and TOTAL.

Commenting on the report, an analyst from Technavio’s team said: “Demand for synthetic and semisynthetic metalworking fluids will be a key trend for market growth. Modern synthetic fluids help in lubrication and other performance properties required for various metalworking operations. These products can be used to perform operations on many specialized materials and most common metals. Synthetic fluids have extended sump life, as they have more accurate concentration control and the ability to resist typical oil contamination that may occur during operations in a metalworking environment. This extended sump life helps the synthetic fluids to be used for uninterrupted production operations. These fluids offer reduced setup time, cleaner operations, and good resistance to bacteria and other microbes.”

According to the report, synthetic functional fluids gaining prominence will be a key driver for market growth. Innovation is an important factor for sustainability and growth of the functional fluids market. With regards to the changes in the application industry and regulatory developments, innovation is going to be a major factor accountable for market growth. Synthetic metal removal fluids have recently gained a lot of prominences, and they deliver benefits of excellent visibility during metal working operations. Keeping in view the changes in the different application industries and regulatory developments, the introduction and development of advanced products are acting as major factors for market growth.

Further, the report states that environment, health, and safety issues will be a challenge for the market. Environmental issues are major concerns, especially in the Americas and Europe, as end-users try to increase the tank life of the fluids through better house-keeping and recycling, as well as by using fluids having a longer service life. In many regions of the world, especially in Europe, there is a general trend toward the use of hydrocracked oil type functional fluids. The major issue is the avoidance of potentially carcinogenic polynuclear aromatics. Hydrocracked functional fluids are also less vulnerable to misting and evaporation. In addition, hydrocracked oils are cheaper than other available options such as synthetic base stocks that are used mainly in bio-lubrication.

Companies Mentioned

BASF, BP, Chevron Oronite, ExxonMobil, Shell, TOTAL.

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