By the end of 2022, the perfluoropolyether market reached a value of about US$ 758,8 Million, with a CAGR of 4.3% for the forecast period of 2022–2029. Perfluoropolyether is increasingly used as lubricants for automotive, chemical, and aerospace applications such as wheel bearing and vacuum pumps, as well as for high-temperature operations, which is mostly responsible for the market’s growth.
Growing demand for perfluoropolyether in a variety of application industries, including aerospace, aviation, electronics, and others, will increase sales volume over the projection period. By the end of 2029, the value of perfluoropolyether sales worldwide is predicted by FMI to be US$ 1,018.1 million.
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Sensing an increase in new aircraft deployment, especially in developing countries in Asia Pacific, manufacturers are tapping into newer opportunities in the region. Increasing demand for highly efficient lubricants in chemical and automotive industries is further likely to work to the advantage of perfluoropolyether market players.
Europe and North America Lead Gains, South Asia to Offer Greater Opportunities
Although the regions such a Europe and North America are anticipated to hold significant market shares, the South Asia market is expected to project a steady growth in the global perfluoropolyether market over the forecast period of 2022-2029.
Moreover, macroeconomic factors such as increment in GDP, air transportation as well as production, expanding chemical industry and significant growth of the manufacturing sector, are expected to reflect significant increase in opportunities for perfluoropolyether market players in South Asia.
Perfluoropolyether Used Extensively in Applications
- Electronics: PFPEs are used as heat transfer fluids and lubricants in electronics manufacturing and assembly processes. They facilitate efficient heat dissipation, ensuring optimal performance and extending the lifespan of electronic components.
- Aerospace and Aviation: PFPEs find extensive use in aerospace and aviation industries as lubricants for high-temperature bearings, seals, and mechanical components. Their ability to perform under extreme conditions, including high altitudes and temperatures, is critical for maintaining safety and efficiency.
- Automotive: In the automotive sector, PFPEs are utilized as lubricants for parts subjected to harsh conditions, such as engine components, shock absorbers, and seals. Their longevity and stability contribute to enhanced vehicle performance and reduced maintenance needs.
- Chemical Processing: PFPEs’ chemical resistance makes them suitable for use in pumps, compressors, and other equipment in chemical processing plants. They ensure the reliable operation of equipment when exposed to corrosive chemicals.
- Energy and Power Generation: PFPEs are employed in power generation facilities as lubricants for turbines and other machinery operating in extreme temperatures. Their non-flammable nature makes them a safer alternative in such critical applications.
Perfluoropolyether Market: Players Insights
- Klüber Lubrication München SE & Co. KG
- M&I Materials Ltd., Solvay S.A.
- Husk-ITT Corporation
- The Chemours Company
- Total S.A.
- Daikin Industries, Ltd.
- LUBRILOG SAS Z.I.
- NYE Lubricants Inc.
- Fluorotech USA
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Key Segment
By Form
- PFPE Oil
- PFPE Grease
By Product Type
- Linear
- Branched
By Application
- Automotive
- Aerospace
- Electronics
- Chemical
- Others
By Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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