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)
Perfluoropolyether Market Segmentation
By Product
- PFPE-K
- PFPE-M
- PFPE-Z
- PFPE-Y
- PFPE-D
By Type
- Oil
- Grease
By End-Use
- Automotive
- Aerospace
- Electronics
- Chemicals & Petrochemical
- Food Processing
- Metal Processing
- Medical Industry Equipment
- Power Generation
- Textile
- Pulp and Paper
- Others
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Corning Inc.
- ECCO Gleittechnik GmbH
- FluoroTech USA
- Halocarbon, LLC
- HUSK-ITT Corp.
- IKV Tribology Ltd.
- LUBRILOG SAS
- M&I Materials Ltd.
- Metalubgroup
- Miller-Stephenson, Inc.
- Setral Chemie GmbH
- The Solvay Group
- Whitmore Manufacturing LLC
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