What is the future of Perfluoropolyether Market? Know Covid Impact on
Size, Share & Forecasts

Mar 08,2021/IndustryNewsGlobal/ The unexpected shifts in the global
markets because of the sudden outbreak of the COVID-19 virus have brought many
major and minor tremors to industries of all sizes including the Perfluoropolyether
Market.

It was estimated prior to this unanticipated
outbreak that the Perfluoropolyether Market was expected to grow at a CAGR of
4.0% during the forecast period. However, the gradual slowing down of
industries will undoubtedly impose limits on the previously estimated growth
rate.

Perfluoropolyether is basically a
nonreactive and non-flammable fluorinated synthetic oil, in which every atom of
carbon has been replaced by fluorine. It is of two different types, i.e. oil
and grease, out of which, oil is highly used in various manufacturing sectors
including automotive, chemicals, electronics, and aerospace.

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.

Based on the product type,
the Perfluoropolyether market is segmented as PFPE-K, PFPE-M,
PFPE-Z, PFPE-Y, and PFPE-D. PFPE-Y is estimated to be the major product
type in the market during the forecast period, owing to its
cost-effective nature on comparing with its other counterparts. These fluids
are utilized for various applications such as in gears, slides, bearings, where
there is requirement for high-temperature elastomers compatibility, where
performance of machines components are affected by heat, corrosion, solvents,
toxicity, flammability, and can also be used as grease in various end-use
industries including chemical, electronics, automotive, and data processing.
They offer various excellent features such as thermal, chemical, electrical
& solvent resistance, and are non-reactive with elastomers, metal, plastic
and rubber, eventually accelerating the product demand in the market during the
forecast period.

In terms of regions, Asia-Pacific
is estimated to be the leading region in the market, the growth is
attributed to the rising number of low-cost airlines in the region during the
forecast period. Factors such as the expansion of aerospace industry generating
demand for lubricants, and the continuous expansion of manufacturing,
automobile and other industrial sectors leading to high demand for cars, power
tools and industrial equipment are expected to fuel the growth of the regional
market in the upcoming years. Europe and North America are also expected to offer
substantial growth opportunities during the forecast period. 

Key Players:

Some of the major players in
the perfluoropolyether market are-

• Daikin Industries, Inc.


• FluoroTech USA


• IKV Tribology


• Klüber Lubrication


• M&I Materials Limited


• Miller-Stephenson Chemical Company


• Nye Lubricants


• Solvay S.A.


• TECCEM GmbH


• The Chemours Company.