Perfluoropolyether Market Size, Share & Trends Analysis Report Forecast Period 2025-2031.
Perfluoropolyether Market Size, Share & Trends Analysis Report Forecast Period 2025-2031.
Blog Article
Perfluoropolyether market is anticipated to grow at a significant CAGR of 6.7% during the forecast period. The rise in strong automobile industry expansion is boosting the demand for high-quality oils & greases, as it improves vehicle performance, and lowers total maintenance costs. These synthetic perfluoropolyether (PFPE) lubricants perform better than other lubrication. They prevent part failure in extreme conditions, increase service life of critical components, and reduce noise, vibration, and harshness (NVH) issues throughout the vehicle assemblies. Also, rising middle class income and a huge youth population will result in strong demand which will increase the demand for automobiles and hence fuels the demand for perfluoropolyether.
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According to India Brand Equity Foundation (IBEF) latest report, automobile exports have reached 4.13 million vehicles in financial year 2021, growing at a CAGR of 3.47% during financial year 2016-2021. Two wheelers (79.38%), passenger vehicles (9.79%) and three wheelers (9.52%) made up the majority of exports from India, also around 3680 premium motorcycles were sold in India in the year 2021. Also according to the Observatory of Economic Complexity report, in 2020, cars were the world's 2nd most traded product, with a total trade of $645B. In 2020 the top importers of cars were US ($144B), Germany ($68.9B), China ($42B), France ($35.5B), and United Kingdom ($32.8B)
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Segmental Outlook
The global perfluoropolyether market is segmented based on product, type and end-user. Based on product, the market is segmented into Pfpe-K, Pfpe-M, Pfpe-Z, Pfpe-Y, Pfpe-D . Based on type, the market is sub-segmented into oil, and grease. Based on end-user the market is segmented into automotive, aerospace, electronics, chemicals & petrochemical, food processing, metal processing, medical industry equipment, power generation, textile, pulp and paper, and others. The above mentioned segments can be customized as per the requirements. Based on product the type the PFPE-K is anticipated to grow at the fastest rate during the forecast period. PFPE-K offers cost-effectiveness and provides better film strength and shielding properties, enhancing wear prevention under heavier loads; these are the key factors augmenting the PFPE-K market share. These lubricants are widely used for gears, slides, and bearing applications when high temperature and compatibility with plastics are required.
by Product (Pfpe-K, Pfpe-M, Pfpe-Z, Pfpe-Y, Pfpe-D),
by Type (Oil, Grease),
by End-User (Automotive, Aerospace, Electronics, Chemicals & Petrochemical, Food Processing, Metal Processing, Medical Industry Equipment, Power Generation, Textile, Pulp and Paper, and Others)
Market Players Outlook
The major companies serving the global perfluoropolyether market include Daikin Industries, Ltd., The Dow Chemical Co., DuPont de Nemours, Inc., ACG Group, The Chemours Company LLC and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance,
The Report Covers
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global perfluoropolyether market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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