In fact, according to research conducted by Global Market Insights Inc., perfluoropolyether market revenue is speculated to record significant growth over the forthcoming years.
The market for perfluoropolyether market will garner substantial demand by the end of 2027. This growth can be attributed to increasing applications of PFPE across a range of industries.
The growth can be attributed to increasing demand for PFPE D. Other products of perfluoropolyether market include PFPE Y, PFPE M, PFPE D, PFPE Z, and PFPE K. Among these, PFPE D product is reckoned to record a revenue share of USD 55 million through the stipulated timespan.
That apart, market for perfluoropolyether will amass significant demand through forecast period owing to rapid regional developments in Latin America and Middle East & Africa. The market size for Latin America accounted for a revenue share of USD 38 million back in 2019 whereas the MEA market is touted to reach USD 40 million revenue share by the end of 2027
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Some of the major players associated with the industry are Klüber Lubrication, Daikin Industries, Inc., Solvay, Nye Lubricants, The Chemours Company, LUBRILOG SAS, M&I Materials Limited, Miller-Stephenson, Inc., TECCEM GmbH, Metalubgroup, HUSK-ITT Corporation, IKV Tribology, Setral Chemie GmbH, Jet lube, and Fluorotech USA.
Uses of Perfluoropolyether (PFPE) across various industries:
Perfluoropolyether market is used across a broad range of applications as listed below.
The growing popularity of smartphones, smart wearables, and other handheld technologies have boosted the adoption of perfluoropolyether market. In addition, rapid transformations in the electronics industry will further propel industry growth.
There has been a significant rise in air travel across the globe. This has subsequently increased the number of air passengers. Owing to this, the aerospace industry is prompted to use liquid lubricants like PFPE to increase fuel efficiency and enhance heat management, thereby supplementing the overall market size.
Chemical & Petrochemicals:
PFPE is widely used in the chemical and petrochemical industry owing to its cost-effectiveness in the maintenance of the equipment. Along with that, PFPE is used as a lubricant for centrifuges and fans, thereby improving their serving time. These factors will majorly contribute to the proliferation of the perfluoropolyether industry.
The market for PFPE from power generation application is speculated to exceed a revenue share of USD 5.95 million by 2023 end. This growth can be attributed to surging demand for a sustainable method to provide reliable and consistent power.
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PFPE can sustain high temperatures and is moisture resistant, owing to which the substance finds innovative applications in the metal processing sector, thereby expanding the market size to a greater extent.
Medical Industry Equipment:
The growing prevalence of critical health conditions across the world has increased the demand for cost-effective materials like PFPE for manufacturing several healthcare devices. The COVID-19 pandemic has created an immense scarcity of different healthcare equipment, thus creating lucrative growth opportunities for the market.
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