Engineered Fluids (Fluorinated Fluids) Market Growth Analysis | 2023-2028

Market Insights

The engineered fluids (fluorinated fluids) market was estimated at USD XX million in 2022 and is likely to grow at a CAGR of 7.4% during 2023-2028 to reach USD XX million in 2028.

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What are engineered fluids (fluorinated fluids)?

Engineered fluids are the fluorinated fluids that are versatile and non-flammable. They are used in numerous critical industrial applications. They possess excellent dielectric properties and have a wide range of boiling points along with excellent material compatibility and thermal stability.

Engineered fluids have gained popularity on account of their excellent properties such as low temperature, non-toxicity, stability, and non-flammability that are required to enhance the performance of heavy machines at manufacturing plants. Growing demand and necessity for thermal management in different industries such as automotive, aerospace, electronics & semiconductor, oil & gas, and power generation industries further fuel the demand for engineered fluids.

Market Dynamics

The prime factor bolstering the growth of the engineered fluids (fluorinated fluids) market is mainly the increasing demand for light weight parts in the aerospace and automotive sectors. In addition, the increasing number of applications in various end-use industries, along with the growing usage in PV installations, is the major factor driving the engineered fluids (fluorinated fluids) market.

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Segment Analysis

By Product Type

The market is segmented as lubricants, solvents, and heat transfer fluids. The lubricants segment held the largest share of the market in 2022, and is expected to remain dominant during the forecast period. Engineered lubricants or fluorinated lubricants offer a stable performance over a long time and provide low oxidation degradation. They are fire-resistant in nature and are used for a wide range of temperatures. Fluorinated lubricants are designed to perform effectively between a temperature ranges of -90°C to 300°C. These properties are driving the growth of the market.

By End-Use Industry Type

The engineered fluids (fluorinated fluids) market is segmented as electronics & semiconductor, aerospace, chemical processing, automotive, oil & gas, power generation, and others. The oil & gas segment dominates the market, as in extreme conditions fluorinated fluids make it easier to clean spills and help in extending the life of the machinery.

Regional Analysis

Asia-Pacific is estimated to be the largest market for engineered fluids (fluorinated fluids) during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the market is driven by rapid industrialization as witnessed in the developing economies of the region and low production costs have prompted the giant players to establish their presence in the region. The growing automotive sector in the region is also contributing to the growth of the region’s market.

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Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The engineered fluids (fluorinated fluids) market is segmented into the following categories:

By Product Type:

• Lubricants
• Solvents
• Heat Transfer Fluids

By Polymer Type:

• Polytetrafluoroethylene (PTFE)
• Polyvinyl Fluoride (PVF)
• Polyvinylidene Fluoride (PVDF)
• Others

By End-Use Industry Type:

• Electronics & Semiconductor
• Aerospace
• Chemical Processing
• Automotive
• Oil & Gas
• Power Generation
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major players in the engineered fluids (fluorinated fluids) market are-

• Daikin Industries
• Solvay SA
• The Chemours Company
• The 3M Company
• Asahi Glass Company
• Halocarbon Products Corporation
• Halopolymer
• F2 Chemicals
• IKV Tribology
• Lubrilog Lubrication Engineering
• Nye Lubricants
• Interflon

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by end-use industry type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.