A recent market research report by Transparency Market Research provides a thorough analysis of the past and present growth dynamics and the future growth prospects of the global market for semi-synthetic coolants market. The report is titled “Semi-synthetic Coolants Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025.”
Being hybrids between water-soluble oils and synthetic fluids, semi-synthetic coolants exhibit the qualities of both product groups, including their benefits as well as short-comings. Semi-synthetic coolants are known to be less likely to cause rusting in machines as compared to synthetic fluids. In fact, these coolants are known to offer added protection to machines against rust owing to their oil content. Thus, semi-synthetic coolants find extensive usage in applications such as grinding and machining of ferrous materials.
For providing a more detailed overview of the global semi-synthetic coolants market, the report segments the market based on criteria such as application, end use, and the metals and alloys with which the semi-synthetic coolants are used. The market is also analyzed in detail for key regional markets.
Based on the type of metals and alloys that the coolants are used with, the market is segmented into varieties such as titanium and its alloys, aluminum and its alloys, magnesium and its alloys, cast iron, and nickel and its alloys. Key applications of semi-synthetic coolants examined in the report include grinding, drilling, turning, tapping, milling, and sawing. Key end-use industries for the semi-synthetic coolants market examined in the report include machinery manufacturing, automotive, metal working and processing, and aerospace.
From a geographical perspective, the report covers the semi-synthetic coolants market for regions such as Middle East and Africa, Latin America, North America. Europe, and Asia Pacific. Of these, the North America market accounts for the dominant spot in the overall market in terms of volume-wide consumption. In North America, the U.S. contributed to nearly three-fourths of the total demand placed in 2016. Over the forecast period as well, the market for semi-synthetic coolants in North America is expected to remain lucrative, thanks majorly to the thriving aerospace and automotive industries in the region.
The market in Asia Pacific is expected to expand at an impressive pace over the forecast period. The regional market is expected to benefit from the impressively expanding automotive industry, with China contributing to a large share in the overall consumption.
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The report also includes a thorough overview of the competitive dynamics of the global semi-synthetic coolants market with the help of detailed business profiles of some of the key vendors operating in the market, recent developments observed in the market, and activities such as mergers and acquisition. As such, the report presents a granular view of market’s competitiveness, and aids in effective decision making.