San Francisco, 14 December 2018: The Report Slideway Oil Market Analysis By Product (ISO VG 68, ISO VG 220) And Segment Forecasts
To 2022
The global slideway
oil market is expected to reach USD 94.78 billion by 2022,
according to a new report by Grand View Research, Inc. High machinery demand in
automobile, food & beverage and packaging industry is expected to fuel
product market over the next seven years.
Rapid industrialization in emerging
economies of BRICS on account of favorable foreign investment norms,
availability of large pool of skilled labor and technological know-how is
expected to have a positive impact on the sector over the forecast
period.
Increasing R&D expenditure for
introduction of improved product grades is expected to promote demand over the
next seven years. Stringent regulations restraining product use primarily in
food & beverage manufacturing machinery is likely to hamper industry
growth. Technological innovations pertaining to improving efficiency and
anti-slip properties is expected to have a positive impact on the market over
the next seven years.
Access Research Report of Slideway Oil Market@ www.grandviewresearch.com/industry-analysis/slideway-oil-market
Further key findings from the report suggest:
· ISO VG 68 was the largest product segment
with volume estimated over 3.00 million tons in 2014. The product is employed
in numerous mobile and industrial applications on account of its excellent wear
protection against high speed pumps and increased pressure, rust and corrosion.
This is expected to have a positive impact on product growth over the next
seven years.
· ISO VG 220 grade revenue was valued over
USD 15.00 billion in 2014. Increasing product use in worm gears and heavy
loaded gearings on account of anti-wear and anti-corrosion properties is
expected to fuel its demand over the forecast period.
· Asia Pacific is the largest regional
segment and was valued at over USD 25.00 billion in 2014. Rapid
industrialization in India and China coupled with growing transportation and
manufacturing sectors are expected to favourably impact demand over the
forecast period.
· North America and Asia Pacific have been
the largest markets for these products on account of tremendous growth in the
manufacturing sector. Rising R&D investments coupled with associated
technological breakthroughs in the area of processing and cost-effective
production of slideway oils were key factors responsible for augmenting demand
over the past few years and the trend is expected to continue over the forecast
period.
· Major manufacturers are integrated to
provide specialized products on the basis of application. Companies including
ExxonMobil and Chevron are directly involved in production of slideway oil for
specific applications. These companies are further involved in supply
agreements with major end-users to ensure steady sales of the product.
Rising industrial output particularly in metal forming, foundry,
plastics, machining and mining industries of China and India has led to capacity
expansions by companies.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives
Grand View Research has segmented the global slideway oil
market on the basis of product and region:
Global Slideway Oil Product Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·
ISO VG 68
·
ISO VG 220
·
Others
Global Slideway Oil Regional Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access Press Release of
Slideway Oil Market@ www.grandviewresearch.com/press-release/global-slideway-oil-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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