Slideway Oil Market Average Price By Player, 2016 - 2024
Global slideway oil market size was USD 60.61 billion in 2014 and is projected to reach USD 94.78 billion by 2022. Increasing demand from industrial, automotive and construction sectors owing to the lubrication, corrosion and anti-wear properties is anticipated to drive the global slide way oil market growth over the forecast period. Preventive maintenance incorporating the use of slideway oils is used by the companies for industrial machinery maintenance in order to reduce the operational costs. Emerging machinery demand by industries such as food & beverages and automotive for slideway lubricants including industrial, metal working and processing fluids is expected to fuel product demand. Technological advancements have led to the development of products possessing anti slip and pressure handling properties. Adoption of these products facilitates resistance to oxidation, foaming and rusting and has major application in cold heading applications. Increasing shelf of machinery and ...