The rising demand for hydro lubricants from manufacturing sector is also multiplying at a faster rate, on the back of their competency in upgrading the service-life of machinery. The hydro lubricants market is primarily driven on account of its low-friction attributes, which makes it highly likely to outshine the synthetic variants. Moreover, the demand for hydro lubricants for machinery assemblies is on the rise, as they facilitate in minimizing the downtime and enhance productivity of the machines. Moreover, hydro lubricants are steadily gaining grounds across the automotive sector, owing to a myriad of benefits they offer, when compared to that of oil-based lubricants.
With hydro lubricants picking up the steam across multiple industries, product innovation is emerging as the elixir of growth for key manufacturers. Klüber Lubrication, a leading manufacturer of specialty lubricants, launched a homogeneous lubricant comprising of both oil and water for a finer lubricating experience. The rising demand for specialty lubricants that are eco-compatible is persistently increasing, thereby causing unprecedented opportunities for hydro lubricants market. The landscape of hydro lubricants market is likely to be continuously influenced by prominent standards, such as ISO 50001 standard, which reinforces the need of specialty lubricants complementing the vigor for sustainability initiatives.
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Hydro lubricants are water based lubricants used for lubrication the components of the applicable machinery in the manufacturing sector which aids in increasing the machine service life with their outstanding functional properties. Since these lubricants are water based, they help in saving the energy as the operating temperatures required are low as compared to other synthetic lubricants. The water content in hydro lubricants is very high and thus these lubricants become less harmful. The thermal conductivity of hydro lubricants is also very appreciable. The cooling property of water in the hydro lubricants will help reduce the system temperature up to a certain extent.
Hydro lubricants are very useful in increasing the efficiency as well as profits from the system as they have no harmful solvents contained, have improved energy efficiency, reduced emissions of volatile organic impurities along with reduced water pollution and carbon dioxide (CO2) emissions, allow easy cleaning of system, are fire-resistant and reduce the friction. Hydro lubricants are non-toxic in nature and don’t cause any harm when inhaled unlike other lubricants. The hydro lubricants for the gear system available in the market in recent days. These hydro lubricants can be used in food processing industry due their less toxicity and no harmful solvent content. The non-hazardous nature of hydro lubricants allows their handling with an ease.
The environment friendly properties of hydro lubricants are among the important factors for growth of their market. The upcoming advancements in application of hydro lubricants in bearings and industrial chains will also help set a trend for the market growth of hydro lubricants. Lower cost and good service life of hydro lubricants with respect to other synthetic lubricants will help to grow their market rapidly. The growth in automotive industrial sector along with other industries will be helpful for the growth in market of hydro lubricants. The environmental friendly properties of hydro lubricants will help them capture the synthetic lubricant market. Their wide range of application will prove to be a key factor in the market growth of hydro lubricants. Fewer number of global industries in production of hydro lubricants can stagnate the market growth of hydro lubricants. Negligible competition for the new advancements in the application of hydro lubricants will be a booster for the market growth of hydro lubricants.
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Market of hydro lubricants can be segmented on the following basis:
By Industry Type:
- Food Processing Industry.
- Automobile Industry.
- Oil and Gas Industry.
- Metal Industry.
- Mining Industry.
- Conveyor Belt Hydro Lubricants.
- Gear Hydro Lubricants.
- Fire Resistant Hydro Lubes.
- Industrial Chain Hydro Lubricants.
The food processing industrial growth and increase in automotive and other industries in Chinese region will be a key growth platform for market of hydro lubricants. The North American region with moderate industrial growth will also be a market for hydro lubricants. The growth of petroleum industry accompanied by moderate growth of automobile industry in the Middle Eastern region will enhance the market growth of hydro lubricants. The European region with its increasing industrialization will be a good market for hydro lubricants. Japan with its high manufacturing index will help the market of hydro lubricants to grow at a higher level. The Latin American region with an expected growth in petroleum industry as well as automobile industry will help the market of hydro lubricants grow up to a certain extent. The African region having moderate industrial growth along with good growth in petroleum industry will also be a platform for hydro lubricants. The growth of food processing industry in Indian region will boost the market growth of hydro lubricants. The South East Asian region with moderate industrial and automotive sector growth will help the hydro lubricants market to grow at moderate level.
List of Market Participants
Key market players in hydro lubricants market are listed below:
- Kluber Lubrication.
- Exxon Mobil Corporation.
- Sinopec Corporation.
- The DOW Chemical Company.
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