Perfluoropolyether are typically oils or greases, depending on molecular weight, and are used extensively as high performance lubricants for engines, machinery, and wherever surface and moving parts require lubrication to function freely and with minimal friction.
The global perfluoropolyether market is expected to be at approximately US $ 0.3 in 2019, and is expected to be CAGR or 4.2%. The first five-year cumulative revenue (2018-2022) is projected to be over US $ 1.5 Bn, which is expected to increase rather moderately over the laughter part of the five-year forecast period.
Rising demand for perfluoropolyether across the globe, owing to its excellent feature of not supporting combustion, even in fully liquid or gaseous oxygen is a factor expected to propel growth of the target market over the forecast period. In addition, growing adoption of PFPE in the chemicals sector, owing to its use as a barrier fluid for mechanical seals due to high chemical stability and resistance against aggressive media is another factor expected to drive growth of the global perfluoropolyether market in the near future.
Availability of various alternatives such as mineral oil, PAO, diester, silicones, etc. in the market is a major factor expected to hamper growth of the global perfluoropolyether market over the forecast period.
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Global Perfluoropolyether Market: Market Forecast
The comprehensive research report includes a complete forecast of the global perfluoropolyether market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global perfluoropolyether market is expected to register at CAGR or 4.2% during the forecast period.
Global Perfluoropolyether Market: Segmental Snapshot
The market report has been segmented on the basis of product, application and region / country: The product type segment includes PFPE oil and PFPE grease. The application segment includes aerospace, electronics, chemicals, and others. The region / country includes the US, Europe, China, India, Japan, and Southeast Asia.
By Product Type: The PFPE oil segment accounted for highest revenue share contribution in 2018, compared to other product type segments, and is expected to register at CAGR or over 4.1%
By application: The electronic segment accounted for highest revenue share contribution in 2018, compared to other application segments, and is expected to register a CAGR or over 4.1%
By Region / Country: The market in Europe accounted for the highest revenue share in the global perfluoropolyether market in 2018. The market in China is expected to register at CAGR or over 4.4%.
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Global Perfluoropolyether Market: Competitive Analysis
The research report on the global perfluoropolyether market includes profiles of some of the major companies such as Solvay SA, Daikin Industries, Ltd., Klüber Lubrication Munich SE & Co. KG, Shanghai ICAN Chemical S&T Co., Ltd., M&I Materials Limited, New Lubricants, Inc., Hunan Nonferrous Chenzhou Fluoride Chemical Co., LTD., IKV Tribology Ikvt SARL, The Chemours Company, and Hangzhou Xinya Petrochemical Co., Ltd. .
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