The global Engineered
Fluids (fluorinated fluids) Market is forecast to reach USD 1.66
Billion by 2026, 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.
To identify the key trends in
the industry, click on the link below:
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.
- 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.
- 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; 2016-2026)
- Polytetrafluoroethylene (PTFE)
- Polyvinyl Fluoride (PVF)
- Polyvinylidene Fluoride (PVDF)
- Others
Product Type Outlook (Volume,
Kilo Tons and Revenue, USD Billion; 2016-2026)
- Heat Transfer Liquids
- Lubricants
- Solvents
Industry Vertical Outlook
(Volume, Kilo Tons and Revenue, USD Billion; 2016-2026)
- Electronics & Semiconductor
- Aerospace
- Chemical Processing
- Automotive
- Oil & Gas
- Others
Regional Outlook (Volume, Kilo
Tons and Revenue, USD Billion; 2016-2026)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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