Perfluoropolyether Market size worth over $480 Mn by 2025

Perfluoropolyether Market size is set to surpass USD 480 million by 2025; according to a new research report by Global Market Insights, Inc.
 

The perfluoropolyether market may witness significant growth from 2019 to 2025 due to increasing utilization of high temperature resistant lubricants in order to main machines and equipment efficiency. Perfloropolyether lubricants offer exceptional stability, ensure long term lubrication characteristics when used at constant high temperature which makes them suitable for bearings, slides, bushes and heavy duty, high temperature grease applications, thereby showing favorable circumstances for PFPE market growth.   

 

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Electrical & electronics sector to remain key application accentuating perfluoropolyether market share

Shifting trends in electronics sectors has fostered the utilization of thermally and chemically stable lubricants. PFPE owing to good electrical and thermal resistance properties is used to offer lubricity for valves, bearings, chains, gearboxes, and vacuum pumps. Increasing urbanization and changing consumer lifestyle has promoted the use of hi-tech electronic devices & equipment which shows favorable circumstances for PFPE usage.
 

Robotic arms, linear slides, and platforms used in vacuum chambers need a lubricant with low volatility in order to ensure curtail outgassing and long component life. PFPE’s low volatility offers life enhancements in semiconductor equipment.  Rapid technological advancements including artificial intelligence will drive semiconductors demand thereby boosting perfluoropolyether utilization in electrical and electronics industry.
 

Browse key industry insights spread across 220 pages with 230 market data tables and 41 figures & charts from the report, “Perfluoropolyether Market By Product (PFPE-K, PFPE-M, PFPE-Z, PFPE-Y, PFPE-D), By Type (Grease, Oil), By End-Use (Automotive, Aerospace, Electronics, Chemical & Petrochemical, Food Processing, Metal Processing, Medical Industry Equipment, Power Generation, Textile, Pulp & Paper, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, India, Japan, South Korea, Thailand, Australia, Malaysia, Brazil, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/perfluoropolyether-market
 

Europe remains lucrative market for PFPE utilization

Europe PFPE market revenue surpassed over USD 95 million in 2018. PFPE oils and greases are used by the automobile manufacturers to minimize rattles and squeaks.  The product offers high dielectric property and good thermal conductivity which helps to maintain the battery at extreme temperature conditions. Shifting automotive industry trends towards manufacturing electric and hybrid cars in the region may foster the needs of advanced and maintenance free lubricants.
 

European Union car manufacturers are expected to provide more than 214 electric car models by the end of 2021. Stringent government regulations to maintain air quality and reduce carbon emission will further foster the manufacturing of hybrid and electric cars which will stimulate the utilization of PFPE based oils and greases.
 

Gas turbines utilization in power generation to drive perfluoropolyether demand

Perfluoropolyether market from power generation application may grow over 2.0% by 2025. PFPE helps to improve the efficiency of steam turbine owing to high temperature resistant properties. Gas turbines market is anticipated to grow over 3% by the end of 2022 owing to strict regulations regarding coal fired power plants. This will increase PFPE usage in power generation sector. Increasing demand of gas turbines to cater to growing electricity demand globally will have a positive impact on industry growth.
 

Manufacturers are investing on capacity expansions to expand their product portfolio and to cater to diversifying needs. Major players in perfluoropolyether market share include Daikin Industries, The Chemours Company, Nye Lubricants, LUBRILOG SAS, Miller-Stephenson, Inc., HUSK-ITT Corporation, Fluorotech USA, and Jet lube.
 

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