Perfluoropolyether - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Perfluoropolyether Market is accounted for $0.28 billion in 2018 and is expected to reach $0.47 billion by 2027 growing at a CAGR of 5.8% during the forecast period. Some of the key factors propelling the market growth include robust growth in the automotive sector, increasing utilization of high temperature resistant lubricants, growing demand in the electronics sector, increasing defense budgets, and growing technology in the aerospace industry. However, availability of various alternatives such as mineral oil, РАО, diester, silicones, etc., is likely to hamper the market.
Perfluoropolyether (PFPE) belongs to the family of fluorinated synthetic fluids. PFPE are low-molecular-weight, partially fluorinated, oxetane oligomeric polyols that are non-toxic, non-flammable, and resistant to chemicals. They are used in extreme temperatures varying from −80°C to 200°C. PFPE are polymeric species having repeated per fluorinated methyl, and ethyl or isopropyl ether units. They have a variety of application-specific end groups. They are synthesized by photo-initiated oxidative polymerization. All PFPE fluids contain oxygen, carbon, and fluorine atoms.
By type, the РFРЕ oil segment is expected to witness significant growth during the forecast period. РFРЕ oils are chemically inert, non-reactive, non-flammable, with anti-seizing properties, and have low vapour pressure. They are used as lubricants in bearings, instruments with moving parts, oxygen systems, and valves in various machinery. Moreover, Perfluoropolyether oil is applied on dry and oily skin on the account of lipo and hydrophobic characteristics.
On the basis of geography, Europe region is expected to have considerable market growth during the forecast period, due to rise in number of low-cost airlines in Asia Pacific region has expanded the air passenger’s base. The expanding aerospace sector will result in the usage of PFPE oil owing to the need of these products in high temperature applications. Continuous expansion of aerospace industry in Asia Pacific has generated the demand for lubricants suited for low ambient radiation, pressure and components which required very low maintenance.
Some of the key players in perfluoropolyether market include Shanghai ICAN Chemical S&T Co., Ltd., Daikin Industries, Ltd., Dow Corning, ICAN, Klüber Lubrication München SE & Co. KG, Solvay SA, Dupont (Chemours), Saint Gobain, Hangzhou Xinya Petrochemical Co., Ltd., ACG Group, M&I Materials Limited, Halocarbon Product Corporation, IKV TribologieIkvt SARL, Hunan Nonferrous Chenzhou Fluoride Chemical Co., LTD., LUBRILOG SAS, Miller-Stephenson, Inc., Nye Lubricants, Inc., HUSK-ITT Corporation, Metalubgroup, and TECCEM GmbH.
• Glass Petri Dishes
• Polystyrene Petri Dishes
End Users Covered:
• Power Generation
• Pulp & Paper
• Food Processing
• Metal Processing
• Medical Industry Equipment
• Chemical & Petrochemical
• Data Processing
• Space Exploration
• Расkаgіng Induѕtrу
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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