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NEW YORK , Sept. 23, 2022 /PRNewswire/ -- The global engineering fluids market size is expected to grow by USD 523.24 million , accelerating at a CAGR of 7.79% during the forecast period. The report provides a detailed analysis of the vendor landscape, current market scenario, the latest trends, recent developments in the commodity chemicals industry, and key business segments and regions in the market. Understand the scope of the full report on the global engineering fluids market. Download PDF Sample Report

The market is fragmented and highly competitive in nature due to the presence of many international and regional vendors. International vendors are trying to distinguish their product portfolios by increasing the existing efficiency of compressors with small changes, such as widening the power range. Currently, the market is growing through organic and inorganic ways.

Major players in the market are trying to expand their businesses through M&A activities. Vendors are expected to capture the maximum market share through inorganic growth strategies during the forecast period. In this market, products are significantly differentiated based on quality. Many players in the market have been selling the same quality products at similar prices.

The growing demand for engineered fluids in the construction, steel, and cement industry will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The report identifies 3M Co., ASA Computers Inc., CPI Fluid Engineering Corp., DCX Ltd., Engineered Fluids, F2 Chemicals Ltd., Frontier Performance Lubricants Inc., Halocarbon LLC, HaloPolymer OJSC, IKV Tribology Ltd., Interflon BV, Kluber Lubrication Munchen SE and Co. KG, Lubrilog SAS, Merck KGaA, Nye Lubricants Inc., Performance Fluids Ltd., Perstorp Holding AB, Shell plc, Solvay SA, and The Lubrizol Corp. as major market participants. Request Sample Report Here

By type, the market will observe significant growth in the lubricants segment. The segment is driven by the increasing demand for lubricants from industries such as automotive and industrial machinery.

48% of the market growth will come from APAC during the forecast period. The increased construction and expansion of manufacturing facilities across various industries are increasing the demand for industrial machinery and machine tools. This is driving the growth of the engineering fluids market in APAC.

Technavio's report provides a detailed analysis of around 25 vendors operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research report on the engineered fluids market is designed to provide entry support, customer profile, & M&As as well as go-to-market strategy support.

The report also covers the following areas:

Accelerate at a CAGR of 7.79%

APAC, North America, Europe, Middle East and Africa, and South America

US, Canada, China, India, Japan, and Germany

Leading companies, competitive strategies, consumer engagement scope

3M Co., ASA Computers Inc., CPI Fluid Engineering Corp., DCX Ltd., Engineered Fluids, F2 Chemicals Ltd., Frontier Performance Lubricants Inc., Halocarbon LLC, HaloPolymer OJSC, IKV Tribology Ltd., Interflon BV, Kluber Lubrication Munchen SE and Co. KG, Lubrilog SAS, Merck KGaA, Nye Lubricants Inc., Performance Fluids Ltd., Perstorp Holding AB, Shell plc, Solvay SA, and The Lubrizol Corp.

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/

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