Process Fluid Market Trends, Size, Share Growth Analysis | Eastman Chemical Company, Process Oil Inc., Nynas AB, Pentagon Lubricants Private Limited., Taurus Petroleums Pvt. Ltd.

Process Fluid Market Overview:

Process Fluid are predominantly utilized in number of end use industries such as plastics, oil & gas, paints & coatings, electronics, fragrances, and others. Process Fluid market is predicted to witness tremendous growth on account of their application such as solvents, cleaners, polymerization, and catalyst in numerous end use industries such as oil & gas, electronics, paints & coatings, and others. On the basis of type, solvent is estimated to register fastest growth on account of their wide utilization in end use industries. They possess excellent properties such as high solvency, resistance to oxidation, and low reactivity which make them suitable for wax cleaner and circuit board cleaner in electronics industry. Among the end use industries segment, oil & gas end use segment dominated the market share in terms of volume and value due to increasing onshore and offshore exploration activities in developed and developing countries.

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Key Players:

Eastman Chemical Company
Process Oil Inc.
Renkert Oil, LLC
LUKOIL Lubricants Company
Panama Petrochem Ltd.
Eastern Petroleum Private Limited
HollyFrontier Refining & Marketing
Nynas AB
Taurus Petroleums Pvt. Ltd.
Pentagon Lubricants Private Limited.

Industry News:

April 2017- Hinduja Group-owned Gulf Oil International announced that its subsidiary Houghton International will merge with Quaker Chemical, a leading supplier of process fluid. This agreement will help company to become a leader in the space of specialty chemicals and process fluids. With this merger the company will expand its product portfolio and will able to meet the increasing demand for process fluid across the globe.

Study Objectives of Process Fluid Market

To provide detailed analysis of the market structure along with forecast for the next 7 years of various segments and sub-segments of the global process fluid market.
To understand the supply and demand dynamics including supply and consumption concentration mapping
To provide region level market analysis and future outlook for regions like North America, Europe, Asia, and Latin America, Middle East & Africa, and their countries
To provide competitor positioning of the market
To provide company profiling of major players in the market along with their production and capacity
To provide regional trade analysis
To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market

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Segmentation:

The global process fluid market is majorly segmented on the basis of types, application, end users and region.

On the basis of types process fluid the market is segmented into paraffinic oils, naphthenic oils, aromatic oils, veg & bio oils, and others. Based on application of process fluid the market is segmented into polymerization, catalyst, solvents, cleaners and others.

On the other hand, based on end user the market segmented into oil & gas, paint & coatings, plastics, electronics, fragrance, and others, and based on region, market is segmented into North America, Europe, APAC, Latin America, and Middle East & Africa.

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This release was published on openPR.