As per a new research study by Transparency Market Research (TMR), the global market for semi-synthetic coolants is registering a tremendous growth. The research report, titled “Semi-synthetic Coolants Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025,” assesses the key forces driving the growth, obstacles faced by vendors, prominent trends, opportunities, challenges, and the market potentials to determine the performance and the future prospects of this market.
According to the research report, the increasing awareness pertaining to the advantages of semi-synthetic coolants in comparison with water soluble oils and synthetic fluids is the main factor that is boosting the global market for semi synthetic coolants. Majorly, the global market for semisynthetic coolants can be analyzed on the basis of the type of metal and alloy, application, and the end user. Based on the type of metal and alloy, the global market can be classified into magnesium and alloys, aluminum and alloys, titanium and alloys, nickel and alloys, and cast iron. Based on the application, the market can be bifurcated into milling, turning, tapping, sawing, drilling, and grinding. By end-use industry, the market can be categorized into the automotive, metal working and processing, and the machinery manufacturing.
The worldwide market for semi synthetic coolants can also be assessed on the basis of region. North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. In terms of volume, North America dominates the global semi-synthetic coolants market are considered as the key geographical segments of this market. The North America semi-synthetic coolants market has acquired the dominance, at present, and is expected to rise at a constant pace in the years to come, thanks to the rising application of these coolants in the automotive and the aerospace industries in this region. Asia Pacific is projected to develop at a considerable growth rate in the years to come, on account of a flourishing automotive industry, with China registering a high demand for semi-synthetic coolants in this region, states the research report.
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In the conclusion, the report offers a competitive analysis of this market. Chemetall GmbH, Exxon Mobil Corp., Chem Arrow Corp., BLUE STAR, Houghton International Inc., Ashburn Chemical Technologies, Accurate Lubricants & Metalworking Fluids Inc., JTM Products Inc., Commonwealth Oil Corporation Co., W.S. Dodge Oil Co. Inc., and Lubricants India are some of the key players in this market reviewed in this market report.