Fior Markets launched a study titled “Engineered fluids (Fluorinated Fluids)Market by Type (Lubricants, Solvents, Heat Transfer Fluids), End User Industry, Regions”,and Global Forecast 2018-2025.
The global engineered fluids (fluorinated fluids) market is expected to grow from USD 803.61 Million in 2017 to USD 1,591.39 Million by 2025, at a CAGR of 8.92% during the forecast period from 2018-2025. Increasing demand for the engineered fluids (fluorinated fluids)from the end user industries such as electronics & semiconductor, automotive, chemical processing, oil & gas, power generation, and aerospace are driving the global engineered fluids (fluorinated fluids) market.
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The lubricants segment had a market value of USD 384.29 million in 2017
The type segment is divided into lubricants, solvents, and heat transfer fluids. Due to their superior non-flammable, chemically inert, non-reactive properties and wide temperature performance range of –130°F to 572°F, engineered fluids (fluorinated fluids) are being increasingly preferred over the petroleum-based lubricants. Thus the lubricants segment led the global demand for the engineered fluids (fluorinated fluids) with USD 384.29 million revenue in 2017.
The electronics & semiconductor segment is anticipated to grow at a CAGR of 11.02% in 2018-2025
End user industry is segmented into aerospace, automotive, electronics & semiconductor, oil & gas, chemical processing, and others. The engineered fluids (fluorinated fluids) are being increasingly utilized in the electronics & semiconductor industry for the purposes of electronics cooling, heating, testing, chamber cleaning, connectors, process chamber, and wafer handling. Thus the electronics & semiconductor end user industry segment is projected to grow at an accelerated CAGR of 11.02% over the forecast period.
Even though the factors such as superior and environmentally friendly properties of engineered fluids (fluorinated fluids) as well as rapid growth of the end user industries are driving the global engineered fluids (fluorinated fluids) market. The high-cost production of the engineered fluids (fluorinated fluids) is expected to restrain the market growth over the forecast period.
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Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Factors such as the rapid pace of the industrialization, increasing demand for the automobiles, and growth of the oil & gas as well as chemical processing and aerospace sectors led the Asia Pacific region to lead the global engineered fluids (fluorinated fluids) market with USD 327.71 million revenue in 2017. On account of its well-developed automobiles, aerospace and oil & gas industry, the North America region is expected to grow at a robust pace over the forecast period.
Major players in the global 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, Paratherm, Acota, TMC industries, and among others.
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