Engineered Fluids (Fluorinated Fluids) Market Trends, Key Players, DROT, Analysis & Forecast Till 2028

September 08 16:55 2021
Engineered Fluids (Fluorinated Fluids) Market Trends, Key Players, DROT, Analysis & Forecast Till 2028
Engineered Fluids (Fluorinated Fluids) Market
The latest Engineered Fluids (Fluorinated Fluids) Market report published by Reports and Data is a holistic analysis of the global materials & chemicals Industry.

The report presents important market statistics based on quantitative and qualitative research conducted by our analysts. The global engineered fluids (fluorinated fluids) market is forecast to reach USD 1,854.9 Million by 2028, according to a new report by Reports and Data. Fluorinated chemicals are used during the manufacturing process of numerous products and industries, providing benefits such as improved strength, safety, resilience, and durability. These fluids are generally used in the electronics and semiconductor industry for wire and cable insulation for computer and cell phone circuits. They enable high-speed data transfer; high-reliability hoses for aircraft and cars to reduce emissions; and sterile equipment used in the manufacture of food products, pharmaceuticals, and chemicals.

Fluorinated fluids provide enhanced surface properties, such as oil, water, and stain resistance for medical, food packaging, apparel, and carpeting applications. Fluorinated surfactants are also used in firefighting foams for extinguishing aircraft & oilfield fires, and processing chemicals used in the manufacture of semiconductors.

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Key participants include:

Asahi Glass, Interflon, F2 Chemicals Ltd, Halopolymer Kirovo-Chepetsk, Solvay, Condat Lubricants, The Chemours Company, Daikin Industries Limited, 3M, Honeywell International Inc., Halocarbon Products Corporation, Klüber Lubrication, Frontier Performance Lubricants, Inc., IKV Tribology, Lubrilog Lubrication Engineering, Nye lubricants, among others.

Further key findings from the report suggest

  • Among the polymers, the polytetrafluoroethylene (PTFE) accounted for the largest market share of ~43% in the year 2018. The use of PTFE can have many benefits in manufacturing and engineering, in making tubes or liners, handling or storing corrosive chemicals, coating parts such as bearings or screws. They help to increase the lifetime of both the parts themselves and the machinery. A PTFE lubricants are resistant to corrosion, due to its ability to repel water and oil, to smoothly drive into the substrate, with reduced friction, resulting in less wear, and a longer-lasting, more secure finish.
  • Among the product type, lubricants accounted for the largest market share of ~42% in the year 2018. Fluorinated lubricants offer stable performance over a long time with low oxidation degradation or evaporation. They can be used over a wide temperature range and are fire-resistant. They can also be used in environments exposed to chemical or solvent splashes and even for plastic and rubber lubrication.
  • The heat transfer liquids are forecasted to witness the highest CAGR of 9.8% during the forecast period. Heat transfer fluids provide precise temperature control in a variety of applications. They safeguard system reliability and stability across all temperature ranges. Heat-stable fluids meet the operating needs of virtually any single- or multiple-station heat-using system. They are available in various formulations providing high-performance, superior product life and outstanding fluid maintenance.
  • The Asia Pacific region held the largest market share of ~29% in the year 2018 and is anticipated to witness the highest CAGR of 9.6% during the forecast period. The Asia Pacific region will continue to be the largest market, owing to the massive consumption of fluoropolymers. The demand for fluoropolymers is driven by the expanding opportunities for high-performance materials in the chemical processing, motor vehicle, electronics, and coatings markets.
  • The companies have adopted various strategies, including mergers, acquisitions, and partnerships to hold ongoing trails and come up with new developments in the market.

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For this report, Reports and Data have segmented into the global Engineered Fluids (Fluorinated Fluids) market on the basis of polymer, product type, industry vertical, and region:

Polymer Outlook (Volume, Kilo Tons and Revenue, USD Billion; 2018-2028)

  • Polytetrafluoroethylene (PTFE)
  • Polyvinyl Fluoride (PVF)
  • Polyvinylidene Fluoride (PVDF)
  • Others

Product Type Outlook (Volume, Kilo Tons and Revenue, USD Billion; 2018-2028)

  • Heat Transfer Liquids
  • Lubricants
  • Solvents

Industry Vertical Outlook (Volume, Kilo Tons and Revenue, USD Billion; 2018-2028)

  • Electronics & Semiconductor
  • Aerospace
  • Chemical Processing
  • Automotive
  • Oil & Gas
  • Others

Regional Outlook (Volume, Kilo Tons and Revenue, USD Billion; 2018-2028)

  • North America
  • Europe
  • Asia Pacific
  • MEA
  • Latin America

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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