Transmission Fluid Market Headed for Growth and Global Expansion by 2025

Introduction: Transmission Fluid Market
Fluid is a substance which does not have a fixed shape and yields easily to external pressure. Transmission fluid is one of the fluids used in vehicles for manual as well as automatic transmissions during locomotion of the engine. Transmission fluid is usually in red or green color dyed in order to distinguish it from other fluid and motor oil used in the vehicle. The transmission fluid is used in vehicles for transmission on a special requirements, such as gear lubrication, valve operation, torque converter and for brake band friction. However, it also used as hydraulic fluid in the power assisted steering systems for lubrication.

The transmission fluid contains variety of chemicals compounds for providing fluid specification, most of the transmission fluid contains combination additives which may increase its lubricating qualities. Transmission fluid is the synthetic fluid with high performance as well as high film strength which helps to reduce the heat generation. The transmission fluid offers significant properties which make it popular such as, excellent thermal stability, antiwear protection for hydraulic and transmission systems, better fuel economy, compatibility with any seal materials, constantly maintain high level of torque capacity for excellent power transfer and acceleration.

A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/18754

Market Dynamics: Transmission Fluid Market

The transmission fluid market gains traction in the market over the forecast period owing to its significant drivers such as, significant innovation and use of fluid processing technologies, introduction of fuel efficient, low carbon emission are the driving factors of the transmission fluid market. Additionally, there are others factors which also expected to drive the demand of transmission fluid such as, growing automotive fleet for on-road as well as off-road use and industrial sector in emerging and developed regions. Increasing awareness about the benefits of industrially advanced lubricants is expected to gain traction in the overall industry of the transmission fluid market. Manufacturers have strong opportunity to introduce innovative fluids which are being manufactured to provide transitioning consumer demands of fuel effective & high-performance vehicles. Automotive and construction industries are expected to fuel the demand of transmission fluid in between the forecast period. The trend in the transmission fluid market is increase in demand of heavy-duty vehicles utilized for agriculture & building activities, rising population across the world in line with this growing spending on infrastructure is also expected to create new trend in the industry growth. On the basis of application, heavy-duty vehicles segment is expected to remain the dominant with more than half of the market value and volume share in 2016.

The major manufacturers in the transmission fluid market which have extensive presence globally dominating the market with their extensive distribution network along with their innovative product portfolio is a key driving factor for the growth of transmission fluid market. Growing consumer preferences towards less carbon emission control vehicles has encouraged the manufacturers to achieve the minimum fuel efficiency and to continue this manufacturers has tie ups with OEM to develop specific product for automotive.

Market Segmentation: Transmission Fluid Market

The transmission fluid market is segmented on the basis of product types, classification and application

On the basis of product types, the transmission fluid market is segmented into:

Manual Transmission Fluid
Automatic Transmission Fluid
Continuously Variable Transmission Fluid
Dual Clutch Transmission Fluid
Others
On the basis of classification, the transmission fluid market is segmented into:

Synthetic Oil
Mineral Oil
Others
On the basis of application, the transmission fluid market is segmented into:

Passenger Vehicle
Commercial Vehicle
Agriculture
Construction & Mining
Others
Regional Outlook: Transmission Fluid Market

Growing automotive sector in Europe is expected to grow with healthy CAGR over the forecast period, In Europe countries like Germany, Russia, are the growing countries and are expected to gain traction in the forecast period. After Europe, Asia Pacific and North America are expected to gain healthy market value share in transmission fluid market.

To view TOC of this report is available upon request @ https://www.persistencemarketresearch.com/methodology/18754

Some of the key players in the polyurethanes additives market are:

The Lubrizol Corporation
BASF
Exxon Mobil Corporation
Pennzoil
Sinopec Limited
Total S.A.
Evonik Industries
Royal Dutch Shell PLC

About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.