Forming Fluids Market – Trends, Forecast & Growth Prospects Unveiled by Technavio
By Business Wire News
By Business Wire News
Technavio has published a new report on the global forming fluids market,which is expected to grow at a CAGR of nearly 3% from 2015-2019.
Forming fluids market segmentation including application and geography
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different applications, including primary metals, transportation equipment, fabricated metal products, machinery, metal cans, and others.
Additionally, analysts have segmented market projections by key geography, focusing on the APAC region, North America, EMEA, and ROW.
“Manufacturing techniques such as near dry machining, which requires conventional forming fluids, is gaining traction because there is less wastage of lubricants, and therefore makes the process more eco-friendly and cost-effective. Ford recently implemented the use of near dry machining in six of its plants worldwide, which has helped them reduce costs and enhance sustainability,” says Faisal Ghaus, Vice President of Technavio.
Forming fluids: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the global forming fluids market from 2015-2019. To arrive at the ranking of the leading vendors in the market, and to calculate the market size, the report considers revenue generated through the sales of forming fluids.
Industry analysis includes:
- Key Vendors:
- Afton Chemicals
- Chevron Oronite
- DOW Chemicals
- Lonza Group
- Market Growth Drivers:
- Increased Investment in Infrastructure
- Regulatory Support
- Market Challenges:
- Changes in Distribution Channels
- Environment, Health, and Safety Issues
- Market Trends:
- Cost Reduction Strategy in Primary Metals Manufacturing Industry
- Slow Pace of Industrial Growth and Trade in APAC
View the global forming fluids market report.
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