Global Specialty Fluids Market 2018-2022 | Increasing Number of Requirements for Precision Cleaning to Promote Growth | Technavio
Sep. 11, 2018
LONDON--(BUSINESS WIRE)--Sep 11, 2018--The global specialty fluids market is expected to post a CAGR of nearly 6% during the period 2018-2022, according to the latest market research report by .
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Technavio has published a new market research report on the global specialty fluids market from 2018-2022. (Photo: Business Wire)
A key factor driving the growth of the market is the growing chemical industry in APAC. The chemical industry is one of the major users of specialty fluids. Therefore, growth in the chemical industry will increase the demand for specialty fluids. The chemical industry in APAC contributes significantly to the economic growth of the region. In countries such as China and India, the chemical industry has led to the growth of the manufacturing and agriculture sector. It offers building blocks for various downstream industries such as paper, textile, leather, and paints.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the increasing number of requirements for precision cleaning as one of the key emerging trends in the global specialty fluids market:
Global specialty fluids market: Increasing number of requirements for precision cleaning
Precision cleaning is crucial to large-and small-scale industrial applications. It ensures superior performance of the final product along with adherence to stringent standards. It is vital in the aerospace, transportation, telecommunications, and data processing sectors that use critical electronics and circuit boards.
“Printed circuit boards used in these systems must be cleaned with a solvent prior to their use to remove flux, soil, and other materials. Aerosols containing specialty fluids are suitable for precision cleaning. The increasing use of precision cleaning technique is expected to increase the demand and consumption of specialty fluids,” says a senior market research analyst at Technavio.
Global specialty fluids market: Segmentation analysis
This market research report segments the global specialty fluids market by application (aerosols, precision cleaning, coolants, and carrier fluids) and geographical regions (APAC, EMEA, and the Americas).
The aerosols segment held the largest market share in 2017, accounting for nearly 33% of the market. This application segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with a market share of nearly 39%. This region is expected to dominate the market through 2022, with an increase in its market share.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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