Functional Fluid Market Forecast (2022-2027)

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Functional Fluid MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2022-2027
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• The Functional Fluid Market size is estimated to
  reach US55.2 billion by 2027, after growing at a
  CAGR of 4.1 during the forecast period
  2022-2027. The key attributes of functional
  fluids such as process oil, metalworking fluids,
  hydraulic transmission fluids and others are
  high-temperature stability, high viscosity index,
  low traction coefficient and low pouring points.
• These fluids also have high viscosity index. As a
  result of these properties, functional fluids are
  utilized across various end-use industries such
  as construction, metals mining and more to
  ensure efficient working of the machine.

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• Key Takeaways
• Asia-Pacific dominated the Functional Fluid
  Market, owing to the automotive industry growth
  in the region. According to the China Association
  of Automobile Manufacturers (CAAM), in 2021, the
  total number of cars manufactured in China was
  26,082,000, an increase of 2.4 over 2020.
• The crucial determinants such as increasing
  disposable income, surging demand for commercial
  space and others are driving the growth of
  building and construction activities. This factor
  is accelerating market growth.

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By Distribution Channel- Segment Analysis The
process oil segment held the significant
Functional Fluid Market share in 2021 and is
projected to grow at a CAGR of 4.3 during the
forecast period 2022-2027. Process oil, composed
of poly-alpha-olefins, esters and other base
oils, has several important qualities, including
heat stability and oxidative property..
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• Functional Fluid Industry Outlook
• Exxon Mobil Corporation
• Royal Dutch Shell Plc
• Chevron Corporation
• BP PLC
• BASF SE
• PETRONAS
• Idemitsu Kosan Co. Ltd.
• Fuchs Petrolub AG.
• Huntsman
• Dow Chemical Company

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Functional Fluid Market Forecast
(2022-2027) Learn More About the Report _at_
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al-fluid-market.html
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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Reddy Contact (1) 970-236-3677 Email
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Contact (1) 970-236-3677
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