Damage to hydraulic equipment is generally caused due to fire, which is often caused due to the pinhole leaks or breaks in hydraulic hoses. A hydraulic fire moves quickly and also burns intensely and is not feasible to control it with a fire extinguisher. Therefore to safeguard of assets with reduced losses resulting from fire break out is very important for an industrial enterprise.
The unexpected down time, equipment damage, and uninsured costs related with hazardous materials and clean up can reduces profits. An optimal way for the reduction of these losses from occurring is just to replace the equipment's flammable Fluids with non-flammable hydraulic Fluids.
Mineral Fluids are highly flammable and often are a serious source of fire hazards in high-temperature environments and applications close to open flames or heated metal parts. The risk is further increased by the rapid and aggressive Ignition rate of these Fluids. Today mineral oil dangers present industries with very real major risks including disruption in operation, plant shut down, and threats to worker safety.
Rising concern about safety of men and machines in factories and manufacturing facilities is driving the demand for fire-resistant hydraulic fluids. These fluids help in safeguarding the equipment and avoiding breakdown of due to overheating of fluids and equipment. Thus, the non-flammable properties of the fluids has been a critical factor for the growth of the overall market in the forecast period.
Another area of application where fire resistant hydraulic fluids are in high demand is the aviation and aerospace industry. Aircrafts are complex systems and are highly dependent on hydraulic systems for vital functions such as maneuvering and landing.
Owing to safety concerns, almost every material and fluid used in an aircraft is therefore fire-resistant, if not fireproof. Besides aviation, the other fields where fire hazard possibilities are critical are mining, especially underground mining; offshore marine operations; and firefighting. All these segments, for their safety quotient, are giving rise to the demand for fire-resistant hydraulic fluids.
North America and Europe are expected to be the dominating markets for non-flammable hydraulic fluids, led by safety concerns in many industries such as steel production, mining, marine, and chemical exiting in these regions. Asia Pacific is anticipated to be another prominent market for the non-flammable hydraulic fluids, owing to the presence of huge number of steel mills, slag management, foundries, and machining plants in this region.
Developed nations such as the U.S., Germany, France, Japan, and the U.K. also possess a significant demand for non-flammable hydraulic fluids. Furthermore, demand for non-flammable hydraulic fluids in industries such as marine, manufacturing, mining, chemical, and aviation has been growing at a rapid pace in developing countries such as China, Brazil, India, South Africa, and those in Southeast Asia.
Some of the manufacturers engaged in the manufacturing of non-flammable hydraulic fluids includes Exxon Mobil Corporation, BASF SE, Quaker Chemical Corporation, Southwestern Petroleum Corporation, Royal Dutch Shell, The Dow Chemical Company, Castrol, Houghton International, Eastman Chemical Company, Total, Chevron Corporation, Idemitsu Kosan, etc.
Research and development, product trial, market approach, effective utilization of government initiatives, etc. will prove to be effective measures for enhancing profitability in Non-Flammable Hydraulic Fluids business. Due to the efforts of global thought leaders, environmentalists and various stakeholders working to promote the substitution of conventional fluids with Non-Flammable Hydraulic Fluids, significant opportunities lie ahead for market participants to build the marketability of their product.
FMI will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the nature, product type and end uses of the product segments covered in the study is followed by a demand-side analysis to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level and consolidated and synthesized at a global level to estimate the overall market sizes.
Some of the key data points covered in our report include:
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Non-Flammable Hydraulic Fluids are specially formulated fluids that are more difficult to burn and also do not propagates flame from an ignition source. These fluids are not fire proof fluids these can also ignite at specific temperature and conditions. Global non-flammable hydraulic fluids market can be segmented on the basis of type, by application and by region
On the basis of type, global non-flammable hydraulic fluids market can be segmented as
On the basis of application, global non-flammable hydraulic fluids market can be segmented as
On the basis of regions, global non-flammable hydraulic fluids market can be segmented as
Explore Similar Insights
Non-Flammable Hydraulic Fluids Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
