GIA announces the release of a comprehensive global report on Functional Fluids markets. The global market for Functional Fluids is projected to reach US$19.7 billion by the year 2017. Opportunities in the market will be driven by innovation that meets changing regulatory requirements and standards for sustainability and performance. Drop-in biosynthetic functional fluids are forecast to witness the highest gains in the upcoming years, against a backdrop of the "greening" process underway in the industry.