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.
http://www.grandviewresearch.com/industry-analysis/slideway-oil-market
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