Surge in Aerospace and Electronics Demand Fuels Perfluoropolyether (PFPE) Market Growth to US$ 1,018.2 Million by 2029

Perfluoropolyether (PFPE) Market

The global perfluoropolyether market reached a value of about US$ 758.8 Million by the end of 2022 and increased at a CAGR of 4.3% during the forecast period of 2022-2029. This progress in the market is majorly propelled by the growing consumption of perfluoropolyether as lubricants for automotive, chemical, and aerospace applications such as wheel bearings and vacuum pumps, and for high-temperature procedures.

New research by Future Market Insights on the perfluoropolyether (PFPE) market includes a global industry analysis of 2014-2021 and an opportunity assessment of 2022 to 2029.

The report explores the perfluoropolyether market and provides the reader with analytical insights for the forecast period of 2022-2029. As per the findings of the report, the global perfluoropolyether market is projected to experience steady growth over the forecast period, due to multiple driving factors including increasing aerospace, automotive, and electronic manufacturing activities across geographies.

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Sensing an increase in new aircraft deployment, especially in developing countries in Asia Pacific, manufacturers are tapping into newer opportunities in the region. Increasing demand for highly efficient lubricants in chemical and automotive industries is further likely to work to the advantage of perfluoropolyether market players.

Europe and North America Lead Gains, South Asia to Offer Greater Opportunities

Although regions such a Europe and North America are anticipated to hold significant market shares, the South Asia market is expected to project a steady growth in the global perfluoropolyether market over the forecast period of 2022-2029.

Moreover, macroeconomic factors such as increment in GDP, air transportation as well as production, expanding chemical industry, and significant growth of the manufacturing sector, are expected to reflect a significant increase in opportunities for perfluoropolyether market players in South Asia.

Perfluoropolyether is Used Extensively in Aerospace and Automotive Applications

The perfluoropolyether market is categorized into four different segments such as form, application of perfluoropolyether, products, and regions.

  • By form, PFPE Oil is expected to hold a higher value as well as volume share against PFPE grease.
  • By product, the linear perfluoropolyether is projected to attain a significant value share in the perfluoropolyether market. Linear perfluoropolyether are widely used as lubricants for their superior chemical properties and multiple applications.
  • In terms of application, the aerospace and automotive sectors will continue to account for a relatively high market share. Increasing preference towards non-toxic lubricants from the end users is expected to drive the market. Increasing automotive production is expected to increase the demand for PFPE lubricants. PFPE is also used in other applications such as chemical and electronics and is recently being used for textile as well as leather applications.

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Perfluoropolyether Market: Players Insights

The perfluoropolyether market report focuses on a number of stakeholders, some of these players have come out as the market leaders. A few examples of such manufacturers in the perfluoropolyether market are as follows;

  • Klüber Lubrication München SE & Co. KG
  • M&I Materials Ltd., Solvay S.A.
  • Husk-ITT Corporation
  • The Chemours Company
  • Total S.A.
  • Daikin Industries, Ltd.
  • LUBRILOG SAS Z.I.
  • NYE Lubricants Inc.
  • Fluorotech USA
  • Setral Chemie GmbH
  • Shanghai ICAN Chemical S&T Co., Ltd.

The global perfluoropolyether market is highly fragmented, with multiple tier 2 and tier 3 players. Key players provide perfluoropolyether under their trademarked names such as Fomblin® Series, HUSKEY® PF Series, Vertrel™ XF specialty fluid, Vertrel™ MCA Plus specialty fluid®, and DEMNUM®, among others.

Perfluoropolyether Market By Category

By Form:

  • PFPE – Greases
  • PFPE – Oil

By Product Type:

  • Linear
  • Branched

By Application:

  • Automotive
  • Aerospace
  • Chemical
  • Electronics
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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