Perfluoropolyether (PFPE) Market By Type (PFPE-K, PFPE-Y, PFPE-D, PFPE-M, and PFPE-Z), By Form (PFPE- grease and PFPE- oil), By Application (Automotive, Aerospace, Electronics, and Chemicals) and By Region - Trends, Analysis and Forecast till 2030

Perfluoropolyether’s market accounted for US$ 684.23 billion in 2020 and is estimated to reach USD 1159.94 Billion by 2030 and is anticipated to register a CAGR of 5.5%.

Perfluoropolyether (PFPE) is a fluorinated synthetic fluid with low molecular weight. Perfluoropolyether is non-toxic with non-flammable properly. It is used in extreme temperatures varying from the temperature range of −80°C to 200°C. The molecular structure of PFPE varies from linear, branched, and a combination of both based on its applications. PFPE gives temperature resistivity, lubricity, and the ability to prevent wear and volatility to fluid. Perfluoropolyether is a liquid polymer with a wide range of applications in the automotive, aerospace, and electronics sectors owing to its versatility. Perfluoropolyether has high oxidative as well as thermal stability. Its excellent characteristics such as low volatility for extended life, chemical inertness, and low surface tension make it a fuel of choice.

Rising demand of non-toxic lubricants

Increasing demand for non-toxic, non-flammable, corrosion-resistant lubricants from the automotive as well as aerospace sector, particularly in developing countries, is primary factor expected to drive growth of the global perfluoropolyether market over the forecast period. In addition, growing automotive and aerospace sectors across the globe is another major factor expected to boost the growth of the target market over the forecast period. Furthermore, the rapidly growing demand for perfluoropolyether for coating the surfaces of tiles, stones, glass, and ceramics, coupled with its increasing use in the electronics industry as vacuum grease in the processing of semiconductors are some of the other factors expected to boost demand for perfluoropolyether, thereby propelling growth of the global market in next 10 years. Also, PFPE is used in CD drives as a top-coating lubricant which is a key factor supporting the growth of the target market. Increasing R&D investments by manufacturers operating in the target market, in order to gain a competitive edge is expected to support the growth of the global perfluoropolyether market in the near future.

However, the declining market for CD drives, coupled with the emission of fumes from the PFPE fluid upon contact with high temperatures are major factors expected to hinder the growth of the global perfluoropolyether market in the near future.

The perfluoropolyether’s market is segmented based on type, form, application, and region.

On the basis of type, the global perfluoropolyether market is segmented into PFPE-K, PFPE-Y, PFPE-D, PFPE-M, and PFPE-Z. On the basis of form, the market is segmented into PFPE- grease and PFPE- oil. The application segment includes automotive, aerospace, electronics, chemicals, and others.

Regional Insights:

In the region, the global perfluoropolyether market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to account for a major revenue share in the global perfluoropolyether market, followed by markets in other regions. Increasing use of perfluoropolyether in aerospace applications, owing to its excellent properties, coupled with the growing automotive as well as aerospace sectors in the countries of the region are some major factors expected to support the growth of the North America market over the forecast period. Europe's perfluoropolyether market accounted for a significant market share. The market in Asia Pacific is expected to account significant share over the forecast period owing to growing spending on research and development in the defense, automotive, and aerospace sectors especially in the emerging economies such as China and India of the region.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at , regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global perfluoropolyether’s market report based on type, form, application, and region.

Perfluoropolyether’s Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating in the perfluoropolyether’s market includes Dupont (Chemours), SOLVAY, DAIKIN, Dow Corning, Kluber Lubrication GmbH, ICAN Inc., M&I Materials Limited, Nye Lubricants, Hunan Nonferrous, and IKV Tribology. Technological advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global perfluoropolyether market.

• Dupont (Chemours)
• SOLVAY
• DAIKIN
• Dow Corning
• Kluber Lubrication GmbH
• ICAN Inc.
• M&I Materials Limited
• Nye Lubricants
• Hunan Nonferrous
• IKV Tribology