The transmission fluid in vehicles help in keeping metal parts inside the gear box from grinding down. It is also useful in keeping the different parts of the transmission cool. Transmission fluids protects metal parts from wearing down while they are rub against each other. Traditional transmission fluid is made using crude oil and reshaping the hydrocarbons according to the vehicle. On the other hand, synthetic transmission fluid is developed using chemical reactions keeping required pressure and temperature. The synthetic transmission oil is less likely to oxidize, or break down at higher temperatures.
MARKET DYNAMICS
The transmission fluids market is anticipated to grow in the forecast period owing to driving factors such as developments in the field passenger vehicle technology coupled with rapidly blooming automotive sector in the developing nations. However, market saturation in the passenger vehicles in the developed nations restrict the growth of the transmission fluids market. Nonetheless, growing demands for lightweight vehicles is expected to showcase major growth opportunities for the transmission fluids market during the forecast period.
MARKET SCOPE
The "Global Transmission Fluids Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of transmission fluids market with detailed market segmentation by type, base oil, application, and geography. The global transmission fluids market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading transmission fluids market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global transmission fluids market is segmented on the basis of type, base oil, and application. Based on type, the market is segmented as automatic, manual, and others. On the basis of the base oil, the market is segmented as mineral oil, synthetic oil, and semi-synthetic oil. The market on the basis of the application is classified as passenger vehicle and heavy-duty vehicle.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global transmission fluids market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The transmission fluids market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting transmission fluids market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the transmission fluids market in these regions.
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MARKET PLAYERSThe reports cover key developments in the transmission fluids market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from transmission fluids market are anticipated to lucrative growth opportunities in the future with the rising demand for transmission fluids in the global market. Below mentioned is the list of few companies engaged in the transmission fluids market.
The report also includes the profiles of key transmission fluids companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
-BASF SE
-BP plc
-Chevron Corporation
-Exxon Mobil Corporation
-FUCHS PETROLUB SE
-Petroliam Nasional Berhad (PETRONAS)
-PJSC LUKOIL
-Royal Dutch Shell plc
-The Lubrizol Corporation
-TOTAL S.A.
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