07-Jan-2021 | Zion Market Research
As per experts from Zion Market Research, the increasing demand from end use industries, especially oil & gas industries and electronics & semiconductors, are contributing to the development of the market. The worldwide engineered fluids (fluorinated fluids) market is estimated to attain USD 1.58 billion by 2025. The fluorinated chemicals are utilized in the production process of many products and industries, offering benefits like improved strength, resilience, safety, and durability. These fluids are normally utilized in the semiconductor and electronics industry for the insulation of wire and cable in cell phone & computer circuits. They facilitate high-reliability hoses for cars and aircraft to decrease emissions; high-speed data transfer; and sterilized equipment utilized in the production of pharmaceuticals, food products, and chemicals.
Some of the key market players are Solvay SA, Daikin Industries, 3M, The Chemours Company, Halocarbon Products Corporation, Asahi Glass Company, F2 Chemicals, Halopolymer, Lubrilog Lubrication Engineering, IKV Tribology, Interflon, and Nye lubricants.
Semiconductor & Electronics Industry Will Spur The Growth Of Global Engineered Fluids
The semiconductor industry is likely to surge its revenue chiefly by diversification into novel technologies like the IoT (Internet of Things) and AI (artificial intelligence). A number of companies are also investing in research and development to advance cutting edge technologies. The engineered fluids (fluorinated fluids) are utilized in applications like heating, electronics cooling, chamber cleaning, testing, process chamber, connectors, and wafer handling. These uses of engineered fluids (fluorinated fluids) are anticipated to propel the market. In the market, the lubricants are projected to be the biggest section of the engineered fluids (fluorinated fluids) market in the estimated period.
The worldwide engineered fluids (fluorinated fluids) market is divided on the basis of end-use industry, type, and region. On the basis of type, the market is categorized in solvents, heat transfer fluids, and lubricants. On the basis of end use industry, the market is bifurcated into aerospace, electronics & semiconductor, automotive, oil & gas, chemical processing, and power generation.
The Asia Pacific Region Estimated To Be The Biggest Market During The Estimated Period
Based on geographical analysis, the global engineered fluids (fluorinated fluids) market is classified into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The Asia Pacific is predicted to rule the overall engineered fluids (fluorinated fluids) market throughout 2019–2025. This region has grown as the major customer of engineered fluids (fluorinated fluids), due to the development in the requirement for engineered fluids (fluorinated fluids) in nations like India, Japan, South Korea, China, and Indonesia. The low manufacturing cost and increasing industrialization in these nations have boosted the global companies to establish their existence in the Asia Pacific. These aspects are anticipated to prompt the market for engineered fluids (fluorinated fluids) across the region during the forecast period.
Browse the full “Engineered Fluids (Fluorinated Fluids) Market By Type (Lubricants, Heat Transfer Fluids, And Solvents) And End-Use (Aerospace, Electronics & Semiconductor, Chemical Processing, Power Generation, Automotive, And Oil & Gas): Global Service Provider Perspective, Comprehensive Analysis And Forecast, 2020 - 2026.” Report at https://www.zionmarketresearch.com/report/engineered-fluids-market
The global engineered fluids (fluorinated fluids) market is segmented as follows:
On the basis of type:
On the basis of end use industry:
On the basis of region:
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