The global fire-resistant lubricants market size is projected to reach USD 3.7 billion by 2027 from USD 3.1 billion in 2022, at a CAGR of 3.4 % between 2022 and 2027. Fire resistant lubricants are also called fire resistant hydraulic fluids, as they are most often associated with hydraulic systems. In hydraulic equipment and systems, components operate at an extremely high temperature, which demands the use of a fluid that does not ignite easily during unknown and unwanted leakages. This helps to ensure the safety of plant personnel and reduce risk.
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Fire-resistant lubricants are manufactured using base oils, synthetic liquids, and additives such as di thiophosphates, amine phosphates, and carbamides. The primary factor driving the global fire resistant lubricants market is massive industrialization in the developing parts of the world, increasing disposable income, and rapid urbanization in emerging countries.
Based on the type, the market is segmented into HFA (water oil emulsions), HFB (oil-water emulsions), HFC (water glycols), HFDU (polyol esters), and HFDR (phosphate esters). The HFDU-type fire-resistant lubricants are expected to witness the highest growth between 2022 and 2027. The HFDU-type fire resistant lubricants are the best alternative to mineral oil. They may offer unique advantages, such as excellent lubricity and a higher viscosity index, and are developed with natural esters for low toxicity properties, enhanced biodegradability, and a higher flash point than other fire-resistant lubricants.
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Based on the end-use industry, the fire resistant lubricants market is segmented into metal processing, mining, power generation, aerospace, marine, construction, and other industries such as textile, chemical, food processing, wood, and cement production. Power generation is one of the major consumers of fire-resistant lubricants and is also expected to grow at the highest rate during the forecast period from 2022 to 2027. Power plants need special grades of fire resistant lubricants that can provide superior performance in fire safety, water resistance, and high corrosion inhibition.
Asia Pacific is estimated to be the largest market for fire resistant lubricants during the forecast period in terms of value and volume. Improved lifestyle due to increasing income, growing population, and growth of the industrial sector in China, India, and ASEAN is projected to propel the growth of the fire-resistant lubricants industry in the region. The presence of major manufacturers such as TotalEnergies SE (France), Quaker Houghton (US), Shell plc (UK), Exxon Mobil Corporation (US), and BP p.l.c. (UK) is expected further to fuel the fire resistant lubricants market growth in the region.
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