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Global Fire Resistant Hydraulic Fluids Market is Projected to Reach USD 1.63 billion by 2024

Author: QYResearch | Publish date: 2018-05-30 | Views: 29
The Fire Resistant Hydraulic Fluids industry was 1359 million USD in 2017 and is projected to reach USD 1633 million USD by 2024, at a CAGR (Compounded Annual Growth Rate) of 3.12% between 2017 and 2024. The market is driven by various end-user industries, such as Metallurgy, Mining.

The industry is concentration, the key brand include Quaker, Houghton International, Eastman, ExxonMobil, BP, Total, Shell, Chevron, LANXESS(Chemtura), BASF, American Chemical Technologies, Idemitsu, MORESCO, Wuhan Jiesheng, Sinopec and so on. Among them, Quaker and Houghton International are the leaders.


The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

 

In consumption market, the growth rate of global consumption is smooth relatively. North America, Europe and China are the main consumption regions. In 2017, the three regions consumed about 76.26% fire resistant hydraulic fluids.


As for the applications, among various fields, consumption volume from Metallurgy is the largest. In 2017, Metallurgy industry consumed 123.25 K MT fire resistant hydraulic fluids.


The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.


The Global Fire Resistant Hydraulic Fluids Market Research Report 2017 report released by QYResearch provides a basic overview of the Fire Resistant Hydraulic Fluids industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.


The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Fire Resistant Hydraulic Fluids industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.


Click to view the full report:https://www.qyresearch.com/index/detail/37609/global-fire-resistant-hydraulic-fluid-market

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Media contact: press@qyresearch.com

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