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Perfluoropolyether Market Analysis

Report ID: GMI1625
Published Date: Nov 2022
Report Format: PDF

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Perfluoropolyether Market Analysis

Global perfluoropolyether market from automotive end-use

Based on product, the perfluoropolyether market is categorized into PFPE-Y, PFPE-Z, PFPE-M, PFPE-K, and PFPE-D. The PFPE-K segment was valued at over USD 105 million in 2022 and is speculated to depict a 5.5% CAGR from 2023 to 2032. The segment growth is attributable to PFPE-K's use in varied applications such as gears, slides, and bearings. These products require high temperature and plastic & elastomer compatibility, which is anticipated to boost the demand for PFPE-K lubricants with a high-temperature resistance to maintain equipment life.

North America perfluoropolyether market

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With respect to type, the perfluoropolyether market is divided into oil and grease. As per the report, the oil segment is slated to reach a valuation of more than USD 275 million by 2032. PFPE oils can work at extremely high temperatures, unlike conventional oils. It maintains the efficiency of components and equipment used in multiple industries viz., metal processing, automotive, and aerospace sectors, which is slated to propel segment progress.

Global perfluoropolyether market from automotive end-use

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In terms of end-use, the perfluoropolyether market is segregated into automotive, textile, electronics, aerospace, chemicals & petrochemical, food processing, metal processing, medical industry equipment, power generation, pulp & paper, and others. The perfluoropolyether industry share from the automotive segment is estimated to be worth over USD 80 million by 2032. PFPE aids in reducing wear and withstands aggressive chemical atmospheres, which is likely to bolster the utilization of PFPE for automotive sensors and anti-lock brakes in the automotive sector.

North America perfluoropolyether market

North America perfluoropolyether market exceeded USD 200 million in revenue in 2022 and is foreseen to register around 5.5% gains through 2032. The regional growth is backed by the temperature & weather resistance properties of PFPE that make it highly effective for lubrication purposes in the aerospace sector. Soaring investments in the aerospace sector by the U.S. and Canada are expected to further foster the need for PFPE-based greases & oils in the region.

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

Global Perfluoropolyether Industry was valued at USD 630 million in 2022 and is set to progress at over 5.5% CAGR over the next 10 years owing to expanding commercial vehicle market and the mounting demand for smart devices & equipment around the world.

Automotive end-use segment is estimated to be worth more than USD 80 million by the end of 2032 owing to PFPE’s ability to withstand aggressive chemical atmospheres, which is fueling its use in the automotive sector.

Oil segment is slated to surpass a valuation of USD 275 million by 2032 on account of the increasing efficiency of components and equipment used in multiple industries viz., metal processing, automotive, and aerospace sectors.

North America perfluoropolyether industry is foreseen to register 5.5% gains through 2032 due to mounting investments in the aerospace sector by the U.S. and Canada.