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Perfluoropolyether Market Size

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

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Perfluoropolyether Market Size

Perfluoropolyether Market size was valued at USD 630 million in 2022. Driven by the mounting demand for smart devices and equipment, the industry is anticipated to grow at over 5.5% CAGR from 2023 to 2032.

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Perfluoropolyether offers properties such as low toxicity, non-flammability, radiation stability, low volatility, and more, which has accelerated its demand in varied industries, especially in North America. In 2020, heart diseases accounted for around 64.3% of the top leading causes of death in the U.S. Subsequently, the soaring focus on strengthening the medical sector is expected to augment product uptake over the next 10 years.

Moreover, prominent government efforts to enhance the defense sector are poised to positively impact the perfluoropolyether industry outlook. The expanding commercial vehicle market around the world is also projected to foster product penetration.

Perfluoropolyether Market Report Attributes
Report Attribute	Details
Base Year:	2022
Perfluoropolyether Market Size in 2022:	630 Million (USD)
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.5%
2032 Value Projection:	1,105 Million (USD)
Historical Data for:	2018 to 2022
No. of Pages:	301
Tables, Charts & Figures:	295
Segments covered:	Product, Type, End-use
Growth Drivers:	North America: Growth in the sale of commercial vehicles in the U.S. market Robust growth in aerospace & defense sector Rising demand for PFPE in medical industry Europe: Growing demand for fuel-efficient vehicles Asia Pacific: Rise in demand for smart electronics Intensifying demand for paper-based packaging Surging demand for food processing equipment
Pitfalls & Challenges:	Lack of R&D projects has enabled the development of new alternatives

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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

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.