Perfluoropolyether (PFPE) belongs to the group of fluorinated synthetic fluids that are used to formulate thermo oxidative lubricants (lubricant oil or grease) available today. It is a long chain polymer which consist atoms of carbon, oxygen and fluorine. Oxidative stability prolongs lubricant life. It also moderates carbonaceous deposits that can degrade wear and shorten component life. Compared to PFPEs, most hydrocarbon grease or lubricant oil do not exhibit good vapor pressure performance. Thus, PFPEs provides sustainable performances reducing maintenance cost prices.
The market is growing at a substantial pace across the globe owing to its excellent properties as lubricants. It is now used in almost all sectors from chemical industries to complex machineries in space industries. The rising automobile production, both commercial and personal, have further boosted the market value because of its direct use as lubricants in ball bearings, joints and various pivots used for automotive parts manufacturing. Many nations across the globe now depend on nuclear power for their electricity. PFPE is the only lubricant that can withstand the harmful radiations of this industry which are emitted during the reaction thus proving helpful in improving the life span of the equipment. These factors have enhanced its market value abundantly.
For the purposes of this study, the market is segmented based on end user trends and regional outlook. The market for PFPE is expected to grow at a CAGR of 3.76% during the forecast period of 2018-2023. Based on the end-user, global market is classified into chemicals, electronics, military, automotive, aerospace, pharma, space exploration, nuclear, HVAC, data processing, and others. The report also comprises of the region wise study of the global market, its size and industry insights including Americas, Europe, Asia-Pacific and Rest of the World. North America is forecasted via acute analysis to hold a dominant share of the market for PFPE because of its great demand in U.S from the electronic appliances market. Aerospace industry in France and Germany is also to be responsible for its growth in European market.
Demand from automobile oil sector of the automotive engineering is anticipated to drive PFPE market. As operating conditions in automotive sector become increasingly hotter and components running much faster than it used to be, the use of conventional lubricants proved to be less useful. Thus, PFPE based lubricants are useful to overcome these conditions in this industry. Moreover, these fluoro-ethers have a wide temperature range and thus provide a robust resistance to all the complex parts of various space crafts. These outstanding traits are dominant in adding worth to its global market and driving its revenue and profitability.
The market comprises mostly of local and regional players prominently from United States and European nations.
Sample Companies profiled in this report are:
- Dow Corning,
- Chemours Company,