Fluorinated lubricants are polyhexafluoropropylene oxide fluorocarbon ether polymers. Perfluoropolyether is another name for fluorinated lubricants. This section deals with fluorinated oils, greases, and wax. They're non-flammable, chemically inert, non-reactive, and only take a long time to evaporate.
Covid-19 Impact & Market Status
Over the previous 18 months, almost every industry in the world has suffered a setback. This can be ascribed to severe disruptions in their respective manufacturing and supply-chain operations as a result of various precautionary lockdowns and other limitations imposed by governments all over the world. The global Engineered Fluids (Fluorinated Fluids) market is similar. Furthermore, consumer demand has decreased as people are now more focused on removing non-essential expenses from their budgets since the general economic situation of most people has been badly impacted by the outbreak. Over the forecast period, the aforementioned factors are likely to weigh on the global Engineered Fluids (Fluorinated Fluids) market's revenue trajectory. The global Engineered Fluids (Fluorinated Fluids) market is predicted to revive as various governing agencies begin to lift these enforced lockdowns.
Electronics and Semiconductors are expected to be the fastest-growing end-use industry.
The semiconductor business is predicted to grow revenue mostly through diversifying into new technologies like the Internet of Things (IoT) and artificial intelligence (AI) (AI). Many businesses are also investing in research and development to produce cutting-edge technologies. Electronics cooling, heating, testing, chamber cleaning, connectors, process chambers, and wafer handling all require engineered fluids (fluorinated fluids). The market for modified fluids (fluorinated fluids) is likely to be driven by these applications.
During the projection period, APAC is expected to be the largest market.
During the projected period, APAC is expected to lead the global engineered fluids (fluorinated fluids) market. Due to increased demand for engineered fluids (fluorinated fluids) in nations such as China, Japan, India, South Korea, and Indonesia, the region has emerged as the largest consumer of engineered fluids (fluorinated fluids). The rapid industrialization of these countries, as well as low manufacturing costs, has enticed multinational corporations to set up shop in APAC. During the projected period, these factors are expected to boost the market for designed fluids (fluorinated fluids) in the area.
Outlook by Product Type
In the worldwide engineered fluids (fluorinated fluids) market in 2020, the lubricants segment accounted for the biggest revenue share among product type categories. Fluorinated lubricants provide long-term performance with minimal oxidation degradation or evaporation. These are fire-resistant and may be utilized in a wide range of temperature applications. Lubricants can also be used to lubricate plastic and rubber in areas that are subject to chemical or solvent spills.
Outlook for the Industry Vertical
In the worldwide engineered fluids (fluorinated fluids) market in 2020, the oil & gas segment accounted for the biggest revenue share among industry vertical categories. These fluids make high-performance clothing water and oil resistant, as well as stain and abrasion resistant. High-performance outerwear and gear makes it easier to clear spills in adverse weather conditions, which helps to extend the life of the apparatus. Surfactants are used to strengthen the binding between surfaces in adhesives, sealants, and caulks. It helps to reduce infrastructure failures due to corrosion and weather, saving maintenance costs and boosting occupant safety. These factors are projected to encourage the oil and gas industry to embrace more goods, resulting in a bigger revenue contribution from this category.
When compared to petroleum-based lubricants, fluorinated lubricants have better characteristics. These fluids are designed to work efficiently between –130°F and 572°F, whereas petroleum-based lubricants fail to work well between –0.4°F and 212°F. The market for fluorinated lubricants is being driven by these features.
In the projection period of 2021 to 2028, the engineered fluids (fluorinated fluids) market is predicted to increase at an annual pace of 8.65 percent, reaching USD 2,202.50 million by 2028. The designed fluids (fluorinated fluids) market research from research provides analysis and insights into the numerous aspects that are predicted to be present during the forecast period, as well as their implications on the market's growth.
The market for engineered fluids (fluorinated fluids) is expanding due to increased demand from end-user industries. Engineered fluids (fluorinated fluids) are carefully designed to provide outstanding lubricity while maintaining safety and reliability in a variety of modern applications.
The product is widely used to reduce friction between machine parts in the automotive, electronics and semiconductor, oil and gas, aerospace, and power generation industries. The market for engineered fluids (fluorinated fluids) is being driven by the increasing demand for versatility and exceptional properties of these products in lucrative applications such as heat transfer fluids where there is a massive requirement for heat stability, purity, lubricity, and low toxicity, as well as the use of the product in lucrative applications such as heat transfer fluids where there is a massive requirement for heat stability, purity, lubricity, and low toxicity.
The growth of the engineered fluids (fluorinated fluids) market is accelerated by a surge in funding from governments of third-world economies for manufacturing these products, as well as an increase in awareness of their environmental impact, which increases demand because they are known to be environmentally friendly. The engineered fluids (fluorinated fluids) market is influenced by the high utilization of these fluids in numerous industries such as semiconductor and electronics, chemical processing, aerospace, automotive, and power and energy generation, as well as their low global warming potential. Furthermore, the engineered fluids (fluorinated fluids) market benefits from the expansion of end-use industries, increased research and development activities, and increased investment.
The engineered fluids (fluorinated fluids) market report profiles F2 Chemicals Ltd., Finish Line, Inc., FRONTIER PERFORMANCE LUBRICANTS, INC, Halocarbon Products Corporation, Halopolymer Kirovo-Chepetsk, IKV, Interflon, Klüber Lubrication, LUBRILOG SAS Z.I., Nye Lubricants, Inc., Performance Fluids Ltd., Solvay, 3M Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America market share data are all accessible separately. DBMR analysts are familiar with competitive advantages and give competitive analysis for each rival individually.
Latest Innovations in the Global Market: a Snapshot
- Chemours constructed a new production facility at its Christi factory in Ingleside, Texas, in February 2017. (US). This wills treble the company's capacity for HFO-1234yf-based products, establishing it as a global leader in low-GWP products.
- In February 2017, Solvay purchased Energain Technology from DuPont, broadening its product line for the battery manufacturing business. Solvay's technological roadmap in the battery manufacturing business will be boosted as a result of this acquisition.
Engineered Fluids Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 2,202.50 million|
|Growth Rate||CAGR of 8.65% during 2021-2028|
|Segment Covered||On the basis of type, On the basis of end-use industry, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, LAMEA|
|Key Players Profiled||F2 Chemicals Ltd., Finish Line, Inc., FRONTIER PERFORMANCE LUBRICANTS, INC, Halocarbon Products Corporation, Halopolymer Kirovo-Chepetsk, IKV, Interflon, Klüber Lubrication, LUBRILOG SAS Z.I., Nye Lubricants, Inc., Performance Fluids Ltd., Solvay, 3M Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America market share data are all accessible separately|
Key Segments of the Engineered Fluids Market
On the basis of type:
- Heat Transfer Fluids
On the basis of end-use industry:
- Electronics & Semiconductor
- Oil & Gas
- Power Generation
- Chemical Processing
On the basis of region:
- North America
- Middle East & Africa
- South America