Check out Industry analysis of Global fire resistant (Finished) fluids market. Forecast and opportunity assessment of fire resistant fluids market.
In scores of industrial machines and systems, system fluids are regularly subjected to ambient conditions near high-temperature machinery and occasionally come into contact with fire or sparks. At times, hydraulic systems generate high thermal energy and elevate working temperature above flash point of fluids and oils in or near the system. When these conditions are present, typical hydrocarbon oils are avoided near open flames or sparks as they are easily flammable. Fire resistant fluids are a safe choice to use in these cases. The global market is highly fragmented and competitive due to presence of a number of major shareholders and has maintained an optimistic growth rate over recent years.
Fire hazards are most prevalent in casting, smelting, forging, foundries, brick kilns, oils, metal working and fire-fighting industries. To eliminate the risk of fire-led disasters, these systems and plants use fire resistant fluids which are difficult to ignite and stop propagation of fire if ignited.
In recent times, rising concern over safety of workers and and stricter safety norms brought in by governments and regulatory bodies is driving the demand in fire resistant fluids market. Growth in Aviation sector is another major driver for the market as aircrafts need to be fire proof to eliminate any chance of mishap. Globally thriving target industries and increased awareness among people leading to a strengthened demand for better safety in industrial setups is pushing the growth in the market.
However, the market may be hit by general economic slowdowns. These fluids have careful monitoring requirements during use and disposal. Increased maintenance cost and chemical waste management may be a deterrent for the market in near future.
Based on product type, the market is divided into two product segments, water-based and anhydrous. Each product category is subdivided into further segments. Water-based fire resistant fluids are classified into oil-in-water emulsion (ISO-HFA), water-in-oil emulsion (ISO-HFB) and water-polymer solution (ISO-HFC). The anhydrous segment is further classified into phosphate esters (ISO-HFDR) and polyol esters (ISO-HDFU). Based on application, the market segments are Foundry and Smelting, Aviation, Mining, Marine and others.
Geographically, the global market is segmented into regional markets of North America, Europe Asia Pacific, Latin America and Middle East & Africa. The Most dominant regional markets are North America and Europe owing to advanced safety regulations in metal working, mining, marine and chemical industries. Asia Pacific is the fastest growing market due to the exploding demand from a growing industrialization phase, a growing need to ensure better plant and worker safety and a focused growth in mining, manufacturing and chemical industries in many developing countries in the region.
Fire safety being a crucial requirement for every industry, the demand in global fire resistant fluids market is anticipated to be on the rise with global growth across industries. Although the market is crowded, increasing demand in developing markets of Asia Pacific and constant demand from developed countries present new growth opportunities for new and existing market players. Growing popularity of synthetic fire resistant fuels is also pushing demand in the market.
Some major market plyers in fire resistant fluids market are Castrol, Croda Lubricants, The Dow Chemical Company, Southwestern Petroleum Corporation, Sinopec, Chevron Corporation, Royal Dutch Shell PLC, BASF SE, Exxon Mobil Corporation, Quaker Chemical Corporation etc.
The report contains comprehensive analysis on:
- Fire Resistant (Finished) Fluids Market Segments
- Fire Resistant (Finished) Fluids Market Drivers, Restraints and Opportunities
- Fire Resistant (Finished) Fluids Market Size and Forecast 2016 to 2022
- Supply and Demand Value Chain
- Fire Resistant (Finished) Fluids Market Current Trends
- Competition and Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
Regional analysis for Global Fire Resistant (Finished) Fluids Market includes
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- Australia and New Zealand
- Rest of Asia Pacific
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timelines etc.)
- Consumer and Pricing Analysis
- Market Dynamics of the Industry
- In-depth Market Segmentation
- Historical and Projected Market Sizing in terms of Volume and Value
- Recent Market Trends and Impact Factors
- R&D Status and Technology Overview
- Extensive Industry Structure Coverage