Global Oil Mist Collector Market 2017-2021
About Oil Mist Collector
Oil mist collectors are used to remove oil mist particles. These are widely used in machine tools during manufacturing processes. Oil mists are created when machine tools such as electrical discharge machines (EDMs), special purpose machines (SPMs), lathe machines, and grinding machines spray metalworking fluid to lubricate the tools or to keep metal components cool. Industrial lubricants are widely used in many manufacturing processes like turning, milling, grinding, and finishing.Technavio’s analysts forecast the global oil mist collector market to grow at a CAGR of 5.17% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global oil mist collector market for 2017-2021. To calculate the market size, the report considers the new installations.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Oil Mist Collector Market 2017-2021
Technavio recognizes the following companies as the key players in the global oil mist collector market: Aeroex, Filtermist International, Losma, and Plymovent .
Other Prominent Vendors in the market are: AAF International, LNS America, MAHLE, Sulzer Chemtech, and VACUUBRAND.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rise in automation: Industrial Revolution 4.0. Companies are shifting to automation to meet the desired quality standards, thereby raising the demand for products a result of globalization and increasing population. Many companies are implementing process automation to enhance their productivity and increase profit margins. Considering the above factors, companies benefit due to the enhancement in the overall efficiency that automation brings.”
According to the report, one of the major drivers for this market is rise in the production of light vehicles. The demand for light vehicles is anticipated to rise in all regions except in South Asia and Japan. In South Asia, the demand is expected to witness slow growth due to the lack of presence of major automobile manufacturers. The major automotive manufacturer in APAC, Japan, primarily exports to American and European countries. Also, the country has the most innovative and technologically advanced products.
Further, the report states that one of the major factors hindering the growth of this market is Slowdown in Chinese economy. The slowdown in the Chinese economy during 2014-2015 will have an adverse impact on the Japanese machine tools market, as China is a major importer of Japanese machine tools. In 2014, the Chinese GDP grew at only 7.4%, the slowest recorded growth since 1990. The slowdown is mainly attributed to the sluggish performance of the country's real estate sector, combined with the huge manufacturing overcapacity.
Aeroex, Filtermist International, Losma, Plymovent , AAF International, LNS America, MAHLE, Sulzer Chemtech, and VACUUBRAND.