Global Engineered Fluids Market (Fluorinated fluids) Market by Type (Lubricants, Solvents, Heat Transfer Fluids), End-Use Industry (Electronics & Semiconductor, Automotive, Chemical Processing, Oil & Gas, Power Generation, Aerospace), Region - Global Forecast to 2023
Report ID : QR1001406 | Industries : Others | Published On :January 2022 | Page Count : 243Global Engineered Fluids Market
The market for engineered fluids (fluorinated fluids) is expected to grow at an 8.8 percent CAGR from USD 854 million in 2018 to USD 1,304 million by 2023. Engineered fluids (fluorinated fluids) are versatile materials used in thermal management.
Drivers: Global Engineered Fluids Market
The Driving Factors of Global Engineered Fluids Market are such as amplified thermal management issues in the electronics and semiconductors, automotive, and aerospace industries Fluorinated materials have these properties, which allow them to perform under extreme conditions such as high pressure, oxidation-prone environments, and high temperature operating conditions.
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Restraints: Global Engineered Fluids Market
The Global Engineered Fluids Market is impacted by high cost of technology development and manufacturing of engineered fluids, on the other hand, is a market restraint.
Impact of COVID-19
Almost every industry in the world has suffered a setback in the last 18 months. This can be attributed to severe disruptions in their respective manufacturing and supply-chain operations as a result of various precautionary lockdowns and other restrictions imposed by governments worldwide. The global market for Engineered Fluids (Fluorinated Fluids) is comparable.
Segmentation by Type:
By Type, the global Engineered Fluids Market is segmented into Lubricants, Solvents, Heat Transfer Fluids. Among product type categories, the lubricants segment had the highest revenue share. Fluorinated lubricants offer long-term performance with little oxidation, degradation, or evaporation. These are fire-resistant and can be used in a wide range of temperatures. Lubricants can also be used to lubricate plastic and rubber in areas where chemicals or solvents are spilled.
Segmentation by End use
By form, the global submarine cable system market is split into End-User such as Electronics and Semiconductors, Automotive, Oil and Gas, Aerospace, and Others. Among industry vertical categories, the oil and gas segment had the highest revenue share. These fluids make high-performance clothing resistant to water and oil, as well as staining and abrasion. High-performance outerwear and gear make it easier to clean spills in inclement weather, extending the life of the apparatus. Surfactants are used in adhesives, sealants, and caulks to strengthen the bond between surfaces. It aids in the reduction of infrastructure failures caused by corrosion and weather, lowering maintenance costs and increasing occupant safety.
Segmentation by Region
North America, Europe, Asia Pacific, and the Rest of the World are the regions that make up the Global Engineered Fluids Market. The Engineered Fluids Market in APAC is expected to be the largest in the world. The region has emerged as the largest consumer of engineered fluids due to increased demand in nations such as China, Japan, India, South Korea, and Indonesia (fluorinated fluids). The rapid industrialization of these countries, combined with low manufacturing costs, has enticed multinational corporations to establish themselves in APAC.
Competitive Landscape:
Daikin Industries, Solvay SA, The Chemours Company, 3M, Asahi Glass Company, Halocarbon Products Corporation, Halopolymer, F2 Chemicals, IKV Tribology, Lubrilog Lubrication Engineering.
Industrial Development:
Chemours opened a new production facility at its Christi plant in Ingleside, Texas, in February 2017. (US). This will triple the company's capacity for HFO-1234yf-based products and position it as a global leader in low-GWP products.
Solvay acquired Energain Technology from DuPont in February 2017, expanding its product portfolio to serve the battery manufacturing industry. This acquisition strengthens Solvay's technological roadmap in the battery manufacturing industry.
Market taxonomy
By Type
- Lubricants
- Solvents
- Heat Transfer Fluids
By End use
- Aerospace
- Automotive
- Electronics & Semiconductor
- Oil & Gas
- Power Generation
- Chemical Processing
By region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Global Engineered Fluids Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Engineered Fluids Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Engineered Fluids Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Engineered Fluids Market Share Analysis, By Type
5.3 Global Engineered Fluids Market Size and Forecast, By Type
5.3.1 Lubricants
5.3.2 Solvents
5.3.3 Heat Transfer Fluids
6 Global Engineered Fluids Market, By End Use
6.1 Y-o-Y Growth Comparison, By application
6.2 Global Engineered Fluids Market Share Analysis, By application
6.3 Global Engineered Fluids Market Size and Forecast, By application
6.3.1 Aerospace
6.3.2 Automotive
6.3.3 Electronics & Semiconductor
6.3.4 Oil & Gas
6.3.5 Power Generation
6.3.6 Chemical Processing
7 Global Engineered Fluids Market, By Region
7.1 Global Engineered Fluids Market Share Analysis, By Region
7.2 Global Engineered Fluids Market Share Analysis, By Region
7.3 Global Engineered Fluids Market Size and Forecast, By Region
8 North America Global Engineered Fluids Market Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Global Engineered Fluids Market Share Analysis, By Type
8.3 North America Global Engineered Fluids Market Size and Forecast, By application
8.4 North America Global Engineered Fluids Market Size and Forecast, By End User
8.5 North America Global Engineered Fluids Market Size and Forecast, By Country
8.5.1 U.S.
8.5.2 Canada
8.5.3 Mexico
9 Europe Global Engineered Fluids Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Global Engineered Fluids Market Share Analysis, By Type
9.3 Europe Global Engineered Fluids Market Size and Forecast, By application
9.4 Europe Global Engineered Fluids Market Size and Forecast, By End User
9.5 Europe Global Engineered Fluids Market Size and Forecast, By Country
9.5.1 Germany
9.5.2 France
9.5.3 UK
9.5.4. Rest of Europe
10 Asia Pacific Global Engineered Fluids Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Global Engineered Fluids Market Share Analysis, By Type
10.3 Asia Pacific Global Engineered Fluids Market Size and Forecast, By application
10.4 Asia Pacific Global Engineered Fluids Market Size and Forecast, By End User
10.5 Asia Pacific Global Engineered Fluids Market Size and Forecast, By Country
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4. Rest of Asia Pacific
11 Latin America Global Engineered Fluids Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Global Engineered Fluids Market Share Analysis, By Type
11.3 Latin America Global Engineered Fluids Market Size and Forecast, By application
11.4 Latin America Global Engineered Fluids Market Size and Forecast, By End User
11.5 Latin America Global Engineered Fluids Market Size and Forecast, Country
11.5.1. Brazil
11.5.2. Rest of Latin America
12 Middle East Global Engineered Fluids Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Global Engineered Fluids Market Share Analysis, By Type
12.3 Middle East Global Engineered Fluids Market Size and Forecast, By application
12.4 Middle East Global Engineered Fluids Market Size and Forecast, By End User
12.5 Middle East Global Engineered Fluids Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.5.2. UAE
12.5.3. Egypt
12.5.4. Kuwait
12.5.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Daikin Industries
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Solvay SA
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. The Chemours Company
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 3M
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Asahi Glass Company
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Halocarbon Products Corporation
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Halopolymer
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 F2 Chemicals
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 IKV Tribology
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Lubrilog Lubrication Engineering
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies