According to a new market research report, the “Fire Resistant Lubricants Market by Type (HFA, HFB, HFC, HFDU, HFDR), End-Use Industry (Metal Processing, Mining, Power Generation, Aerospace, Marine, Construction, Others), Region (Asia Pacific, North America, Europe, South America) – Global Forecast to 2027″, size is projected to reach USD 3.7 billion by 2027 from USD 3.1 billion in 2022, growing at a CAGR of 3.4 % in terms of value during the forecast period.
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- 271 Market data Tables
- 73 Figures
- 261 Pages and in-depth TOC on “Fire Resistant Lubricants Market – Global Forecast to 2027”
The key market players profiled in the report include TotalEnergies SE (France), Quaker Houghton (US), Shell plc (UK), and BP p.l.c. (UK), Exxon Mobil Corporation (US), Sinopec Group (China), Phillips 66 (US), LANXESS AG (Germany), Croda International Plc (UK), and Fuchs Petrolub SE (Germany), among others.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Fire Resistant Lubricants Market.
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Recent Developments in Fire Resistant Lubricants Market
- In July 2022, Quaker Houghton announced a collaboration with SKF Group to combine SKF Group’s Double Separation Technology (DST) with Quaker Houghton’s industrial oils & fluids to enable the industry to utilize its resources more efficiently.
- In July 2022, Exxon Mobil Corporation announced a partnership that Exxon Mobil Corporation is now the sole aviation lubricants supplier for Ethiopian Airlines’ growing fleet, such as Mobil HyJet V and Mobil HyJet IV-Aplus.
- In April 2022, Exxon Mobil Corporation announced a partnership with Kalitta Air and Mesa Air Group, Inc. to procure Exxon Mobil Corporation aviation lubricants and use Mobil HyJet IV-Aplus across its entire fleet.
- In December 2021, TotalEnergies SE announced an agreement with City Rail Link (CRL) Project over the next six months to establish itself as the majority supplier across CRL’s sites for Hydransafe and the full lubricants range.
- In March 2021, TotalEnergies SE announced the launch of a new fire resistant hydraulic fluid named Hydransafe HFC-E that reduces not only fire hazards in underground mines but also delivers higher equipment reliability.
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