Carrier fluids are high performance fluids that improve the transportation of certain materials such as automotive detergent, sand pack, and lubricants. Carrier fluids possess low VOC content and are biodegradable. Additionally, they possess excellent flow ability, low toxicity, and compatibility with other fluid components in comparison to conventional solvents. Other characteristic features of these fluids are low temperature properties, good solvency, and high burn characteristics. These fluids are used in various industries such as automotive, oil & gas, petrochemicals, metal working, and semiconductor. These fluids are widely employed in the semiconductor industry during synthesis of a wide variety of ferrofluids typically required during the manufacture of computers, tablets, and wafers. Carrier fluids are used in oil drilling operations, particularly during the installation of gravel pack and shale gas production. They are further used in automotive during engine oil filling operation.

Based on type, the global carrier fluids market can be divided into oil type, synthetic, and water. Water based carrier fluids are widely employed in the transportation of highly viscous fluids, while oil based are employed for water sensitive formulations. Demand for water based carrier fluids is expected to rise significantly during the forecast period, as they are cost effective and biodegradable. Based on formulation, the market can be segmented into various types such as mineral oil, polyglycol, fatty acids, diesters, and phthalate esters. Polyglycol type of carrier fluids have high water absorption capacity; however, these have poor viscosity, lubricity, wettability, and corrosion protection. Mineral oil based carrier fluids are available in low or high range of viscosities and have better properties than polyglycol. Diester and phthalate are popular types of carrier fluids available in the market. Demand for diester and phthalate is anticipated to rise significantly in the near future due to their characteristic features such as eco-friendliness, good solvency, and low ecotoxicity.

Rise in stringent regulations on certain solvents due to the risk of high VOC emission and environmentally sustainable benefits of carrier fluids are the primary factors driving the market. Apart from benefits associated with carrier fluids, growth in automotive and electronic industries and constant research activities in the oil & gas industry are the other factors responsible for the market growth. Fluctuation in raw material prices and maintenance of rheological characteristics of carrier fluids are few of the challenges for manufacturers. However, continuous efforts toward development of varied formulations of carrier fluids with improved features and performance may create opportunities for manufacturers.

Geographically, the global market for carrier fluids can be segregated into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. In terms of consumption, North America is the leading region due to the rise in oil & gas exploration activities such as deep water exploration for oil drilling. In Asia Pacific, countries such as India, China, and Japan are experiencing swift growth due to the expansion in automotive and electronic industries. For instance, China has become the hub of semiconductor production since the last few years. Strong government initiatives led to high tech research & development in the field of high quality wafers. This further resulted in an increase in investment in integrated circuits from 40% to 70%. Furthermore, strong FDI investment in India, typically in the electronic industry, and rising consumer awareness are also encouraging manufacturers to opt for quality products. Companies are following the strategy of merger & acquisition for producing innovative products. These factors are driving the market for carrier fluids in Asia Pacific. Growth of the market in Europe is expected remain stable due to revival in economy of the region. The market in Middle East & Africa and Latin America is expected to expand moderately due to the rise in investment by various automotive and electronic manufacturers in these regions.

Key players operating in the global carrier fluids market include E. I. du Pont de Nemours and Company, MKU Chemie Group, The Chemours Company, and Emery Oleochemicals.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Carrier Fluids Market

Pre Book