San Francisco , 7 December 2018 - The global slideway oil market is expected to reach USD 94.78 billion by 2022, according to a new report by Grand View Research, Inc. High machinery demand in automobile, food & beverage and packaging industry is expected to fuel product market over the next seven years.
Rapid industrialization in emerging economies of BRICS on account of favorable foreign investment norms, availability of large pool of skilled labor and technological know-how is expected to have a positive impact on the sector over the forecast period. Increasing R&D expenditure for introduction of improved product grades is expected to promote demand over the next seven years. Stringent regulations restraining product use primarily in food & beverage manufacturing machinery is likely to hamper industry growth. Technological innovations pertaining to improving efficiency and anti-slip properties is expected to have a positive impact on the market over the next seven years. To request a sample copy or view summary of this report: www.grandviewresearch.com/industry-analysis/slideway-oil-market Further key findings from the study suggest:
Global Slideway Oil Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Info: www.grandviewresearch.com
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