DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/p8bflr/global_functional) has announced the addition of the "Global Functional Fluids Market 2014-2018" report to their offering.
Several drivers are propelling the rapid growth of the Global Functional Fluids market, including growing technological advancements in the Industrial sector. As technology improves in this sector, there is an increased demand from end-users for functional fluids that enable high energy, efficiency, productivity, sustainability, and the smooth-running of end-users' businesses.
The end-user industries of functional fluids are heavily investing in technologies and are working toward having a product line based on superior base oils and additives, which will accelerate growth and enhance the productivity of end-users. Major functional fluid vendors are continuously restructuring their product portfolios to include new products that will help end-users to maximize productivity and profitability. Another emerging trend in the functional fluids market is that functional fluid vendors are offering efficient service programs and enabling customer service by building OEM partnerships. Such initiatives practiced by major vendors are essential elements for success in the Global Functional Fluids market.
Furthermore, the report states that one of the major challenges is the increasing price of raw materials, which affects the growth of the market and the profit margins of market players. Concerns about GHG emissions, ozone depletion, and global warming are also affecting the Global Functional Fluids market in the form of stringent regulations, which, in turn, affect market growth.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
- BASF SE
- BP plc
- Chevron plc
- ExxonMobil Corp.
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Product
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/p8bflr/global_functional
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Source: Research and Markets