Facts and Factors have authored “Perfluoropolyether (PFPE) Market By Type (PFPE Oil, PFPE Grease), By Application (Automotive, Aerospace, Electronic, Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026”. Based on our analysis, the global Perfluoropolyether (PFPE) market in 2019 is approximately USD 0.42Billion and is anticipated to reach around USD 0.56 Billion by 2026. The anticipated CAGR for the market is around 4.6% from 2020 to 2026.
Perfluoropolyether (PFPE)is a clear colorless fluorinated synthetic fluid that is nonflammable, nonreactive, long-lasting and safe in chemical and oxygen service. Long chains of oxygen, carbon, and fluorine form an organofluorine polymer called Perfluoropolyether (PFPE). It is inert to the majority of chemical agents including oxygen and is odorless and colorless in nature. It can be used at a high-temperature range of 40°C to 200°C as PFPE is compatible with the majority of fluids and materials. Perfluoropolyetherisa unique class of lubricants and functional fluids, which can be used, in various applications due to its versatility.
An increasing number of spaceflights per year are anticipated to drive the global PFPE market. PFPE lubricants are extensively used in aerospace industries and the space exploration era has made commercial space launches a regular occurrence. The PFPE is majorly used as instrument-bearing grease, in spacesuits and also as bearing joint-bearing grease in the aircraft fuel system.
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The automotive industry is also one of the major end-user of PFPE and used as grease between gears and as a coating in Anti-lock Braking Systems (ABS). PFPE has applications in semiconductor processing as vacuum grease and top coating in CD drives in the electronics industry. Diminishing the market of CD drives and lack of literature and R&D along with environmental damages caused due to fumes from PFPE has pulled back the market. However, the opportunity exists for companies to bridge the gap and by providing environment-friendly solutions.
The Perfluoropolyether (PFPE) market is divided into different segments by type and application. PFPE grease has major applications in the aerospace industry. Perfluoropolyether (PFPE) fluids are used in the aerospace industry, on magnetic recording media and satellite instruments.
PFPE grease is used as high-temperature liquid lubricants in turbine engines, and base oils of high-temperature greases. The aerospace industry was leading downstream industry users of PFPE products in 2018 with a market share of around 37%.
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North America region held the largest share of the global Perfluoropolyether (PFPE) market with a market share of 40% followed by the European region in 2018. PFPE is used in a wide range of aerospace applications and the North America commercial aerospace market is anticipated to grow at an annual growth rate of 5.4 in 2019 whereas Europe’s commercial aerospace market is anticipated to grow at an annual growth rate of 5.3% in 2019. The automotive sector in North America alone contributes 3% of the GDP. Due to the corrosion-resistant properties of the PFPE, it is largely used in the automotive sector and is the highest growing downstream industry for the PFPE market. The North America automotive market is anticipated to grow at an annual growth rate of 7.2% in 2019.
The major market players of the Perfluoropolyether (PFPE)market are, SOLVAY, Dow Corning,Nye Lubricants, IKV Tribology, Dupont (Chemours), DAIKIN, M&I Materials Limited, Hunan Nonferrous, and others.
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This report segments the Perfluoropolyether (PFPE) market as follows:
Global Perfluoropolyether (PFPE)Market: By Type Segment Analysis
- PFPE Oil
- PFPE Grease
Global Perfluoropolyether (PFPE)Market: By Application Segment Analysis
Global Perfluoropolyether (PFPE)Market: Regional Segment Analysis
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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