Functional Fluids Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71275
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The functional fluids market size is set to attain a USD 6.45 billion growth between 2021 and 2025 at a CAGR of 4.79%.

This post-pandemic functional fluids market report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this functional fluids market analysis report, key drivers such as the increasing demand for process oils and metalworking fluids from the transportation industry have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as susceptibility to microbial attack, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Functional Fluids Market Size be in 2021?

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Who are the Key Vendors in the Functional Fluids Market?

The functional fluids market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

 

  • BASF SE
  • BP Plc
  • Chevron Corp.
  • Croda International Plc
  • DuPont de Nemours Inc.
  • Exxon Mobil Corp.
  • FUCHS PETROLUB SE
  • Idemitsu Kosan Co. Ltd.
  • Petroliam Nasional Berhad 
  • Royal Dutch Shell Plc

 

Our analysts have extensively outlined successful business strategies deployed by the key vendors in this market research report. The functional fluids market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

This functional fluids market report further entails segmentation by application (transportation, industrial, and construction) and geography (APAC, North America, Europe, South America, and MEA). The available actionable insights on the segmentation in this report will enable a better understanding of the target audience and changing demand patterns.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. The functional fluids market further offers well-structured marketing strategies to overcome the negative post-COVID-19 impact, if any, on each product and service segment.

Which are the Key Regional Markets for Functional Fluids Market?

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The report offers an up-to-date analysis of the geographical composition of the market. APAC will record a fast growth rate during 2021-2025, owing to which the region should offer several growth opportunities to market vendors. From the statistical study of the geographic landscape, you can interpret and understand the competitive intelligence and regional opportunities in store for vendors for 2021-2025.

42% of the market’s growth will originate from APAC during the forecast period. China is the key market for functional fluids in the region. This report provides estimations of the contribution of all regions to the growth of the functional fluids market size.

Functional Fluids Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.79%

Market growth 2021-2025

$ 6.45 billion

Market structure

Fragmented

YoY growth (%)

4.34

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 42%

Key consumer countries

China, US, Germany, UK, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

BASF SE, BP Plc, Chevron Corp., Croda International Plc, DuPont de Nemours Inc., Exxon Mobil Corp., FUCHS PETROLUB SE, Idemitsu Kosan Co. Ltd., Petroliam Nasional Berhad, and Royal Dutch Shell Plc

Market Dynamics

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

Customization purview

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What are the Key Factors Covered in this Functional Fluids Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive functional fluids market growth during the next five years
  • Precise estimation of the functional fluids market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the functional fluids industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of functional fluids market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Transportation - Market size and forecast 2020-2025
    • Industrial - Market size and forecast 2020-2025
    • Construction - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • BASF SE
      • BP Plc
      • Chevron Corp.
      • Croda International Plc
      • DuPont de Nemours Inc.
      • Exxon Mobil Corp.
      • FUCHS PETROLUB SE
      • Idemitsu Kosan Co. Ltd.
      • Petroliam Nasional Berhad 
      • Royal Dutch Shell Plc

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The functional fluids market growth will increase by $6453.41 million during 2020-2025.
      The functional fluids market is expected to grow at a CAGR of 4.79% during 2020-2025.
      Technavio has segmented the functional fluids market by application (Transportation, Industrial, and Construction) and geographic (APAC, North America, Europe, South America, and MEA).
      BASF SE, BP Plc, Chevron Corp., Croda International Plc, DuPont de Nemours Inc., Exxon Mobil Corp., FUCHS PETROLUB SE, Idemitsu Kosan Co. Ltd., Petroliam Nasional Berhad , Royal Dutch Shell Plc are a few of the key vendors in the functional fluids market.
      APAC will register the highest growth rate of 42.16% among the other regions. Therefore, the functional fluids market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the functional fluids market growth are:
      • Transportation industry will spur the demand for process oils and metalworking fluids
      The functional fluids market vendors should focus on grabbing business opportunities from the transportation segment as it accounted for the largest market share in the base year.
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