Big Data as a Service Market Report 2022-2027, Industry Share, Size, Growth, Trends and Opportunities
Big Data as a Service Market Report 2022-2027, Industry Share, Size, Growth, Trends and Opportunities
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According to the latest report by IMARC Group, titled “Forming Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global forming fluids market reached a value of US$ 3.2 Billion in 2020. A forming fluid refers to a type of lubricant which is specially designed for metal forming processes like folding, stamping, drawing and wire-drawing. These fluids are usually derived from petroleum distillates, animal fats, plant oils, water, air and related raw materials. They are widely utilized for the manufacturing of sheet metal and for changing the shape and contour of metal components. Their primary function is cooling and lubrication in bending, stretching and shaping operations. They also possess anti-corrosion properties and help prevent any damage to the final product, even during storage.
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We
are regularly tracking the direct effect of COVID-19 on the market, along with
the indirect influence of associated industries. These observations will be
integrated into the report.
Market
Trends:
Apart
from cooling and providing protection from corrosion, enhanced lubrication is
another key benefit that is provided by forming fluids, which has significantly
escalated their demand in the automotive industry. They are also crucial in
processes like the removal, shaping and treating of metals which are
extensively used for maintaining the durability and structural strength of
vehicles. As a result, the robust growth in the automotive industry has further
boosted the sales of forming fluids. Furthermore, on account of the heavy
maintenance expenditure across the manufacturing and processing industries,
there has been a significant rise in the demand for innovative protection
solutions. Looking forward, IMARC Group expects the market to reach a value of
US$ 3.6 Billion by 2026.
Market
Summary:
·
On
the basis of the product type, the market has been segregated into rolling
oils, hydroforming fluids and others. Amongst these, rolling oils represent the
most popular product type.
·
Based
on the application, the market has been categorized into primary metals,
transportation equipment, fabricated metal products, machinery, metal cans and
others. Amongst these, primary metals account for the biggest application
segment.
·
On
the geographical front, the market has been divided into Asia Pacific, North
America, Europe, Middle East and Africa, and Latin America. Currently, Asia
Pacific accounts for the majority of the overall market shares.
·
The
competitive landscape of the market has also been analyzed in the report with
some of the major players being Afton, BASF, Chevron Oronite, Dow, Lonza,
Lubrizol, Apar, Chevron, Columbia Petro, Gazprom, Idemitsu Kosan, Indian Oil,
Lukoil, Pertamina, Sinopec, SK and Total Lubricants USA.
Competitive Landscape:
Breakup
by Product Type:
·
Rolling
Oils
·
Hydroforming
Fluids
·
Others
Breakup
by Application:
·
Primary
Metals
·
Transportation
Equipment
·
Fabricated
Metal Products
·
Machinery
·
Metal
Cans
·
Others
Breakup
by Region:
·
Asia
Pacific
·
North
America
·
Europe
·
Middle
East and Africa
·
Latin
America
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About Us
IMARC Group is a leading market research company that offers
management strategy and market research worldwide. We partner with clients in
all sectors and regions to identify their highest-value opportunities, address
their most critical challenges, and transform their businesses.
IMARC’s information products include major
market, scientific, economic and technological developments for business
leaders in pharmaceutical, industrial, and high technology organizations.
Market forecasts and industry analysis for biotechnology, advanced materials,
pharmaceuticals, food and beverage, travel and tourism, nanotechnology and
novel processing methods are at the top of the company’s expertise
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