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149 Pages
report on 鈥淭ransmission Fluids Market by Type (Automatic Transmission FluidATF,
Manual Transmission
FluidMTF [url=http://www.teamnhlredwingsshop.com/...di-red-wings-jersey/]Eric
Tangradi Jersey[/url] , CVT, DCT), Base Oil (Mineral, Synthetic,
Semi-Synthetic), End-Use Industry (Automotive, Off-Road Vehicle)鈥娾€斺€奊lobal
Forecast to 2021鈥? The global market for transmission fluids is estimated to be
valued at USD 6.88 Billion in 2016 and is projected to grow at a CAGR of 4.1% to
reach USD 8.43 Billion by 2021. The growing automotive industry in the
Asia-Pacific region is expected to boost the transmission fluids market during
the forecast period.
Download Free PDF Brochure:- Browse 120 tables and 42 figures spread through 149 Pages and in-depth TOC on 鈥淭ransmission Fluids Market by Type (Automatic Transmission FluidATF [url=http://www.teamnhlredwingsshop.com/...in-red-wings-jersey/]Dylan Larkin Jersey[/url] , Manual Transmission FluidMTF, CVT, DCT), Base Oil (Mineral, Synthetic, Semi-Synthetic), End-Use Industry (Automotive [url=http://www.teamnhlredwingsshop.com/...ki-red-wings-jersey/]Dennis Cholowski Jersey[/url] , Off-Road Vehicle)鈥娾€斺€奊lobal Forecast to 2021鈥?br > > Early buyers will receive 10% customization on reports.
ATF to be the largest transmission fluid type during the forecast period
ATF constitutes the major share of the overall transmission fluids market in terms of value. These are specialized fluids having lower temperature fluidity and higher frictional properties than engine oils or gear oils. ATF performs various functions in the transmission system, including lubrication, clutch application, cooling, and providing a link between the transmission and engine through a hydraulic coupling or torque converter. Due to the versatile nature, ATF is largely being used in the automobile industry and is expected to constitute a major share of the transmission fluids market from 2016 to 2021.
Semi-synthetic base oil to register the highest CAGR in the transmission fluids market from 2016 to 2021
The transmission fluids market is segmented into different base oil categories, namely [url=http://www.teamnhlredwingsshop.com/...th-red-wings-jersey/]David Booth Jersey[/url] , mineral, synthetic, and semi-synthetic. The semi-synthetic base oil segment is expected to grow at the highest CAGR in the transmission fluids market from 2016 to 2021. The demand for semi-synthetic base oil is gaining momentum due to its added advantages over conventional mineral based transmission fluids. They are cheaper than purely synthetic base transmission fluids, and offer better drain intervals than mineral oil base transmission fluids.
Off-road vehicle to be the fastest-growing end-use industry for transmission fluids during the forecast period
Automotive and off-road vehicle are the two broadly classified end-use industries of the transmission fluids market. The off-road vehicle industry shows tremendous growth potential in the Middle East & Africa and the Asia-Pacific region. Thus, the transmission fluids market is expected to grow at the fastest rate for the off-road vehicle industry.
Asia-Pacific to be the fastest-growing market for transmission fluids during the forecast period
The growth of the transmission fluids market in the Asia-Pacific region is attributed to the rising population due to which, there is an increasing demand for additional residential construction. This growth pattern signifies an increase in construction activities, thereby leading to an increase in the consumption of transmission fluids for heavy vehicles used in the construction industry. Also [url=http://www.teamnhlredwingsshop.com/...lm-red-wings-jersey/]Darren Helm Jersey[/url] , rising disposable incomes and improved standards of living are leading to consumers opting for new vehicles for their comfort, thus, leading to a rise in vehicle sales.
Currently, the global transmission fluids market is led by various market players such as Total S.A. (France), BP PLC (U.K.), Royal Dutch Shell Plc. (Netherlands), Chevron Corporation (U.S.) [url=http://www.teamnhlredwingsshop.com/...er-red-wings-jersey/]Danny DeKeyser Jersey[/url] , Lukoil (Russia), and Exxon Mobil Corporation (U.S.).
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