- Perfluoropolyether-K
- Perfluoropolyether-M
- Perfluoropolyether-Z
- Perfluoropolyether-Y
- Perfluoropolyether-D
North America Perfluoropolyether Market size was valued at USD 1,268.7 million in 2022 and is expected to grow at 4.3% CAGR from 2023 to 2029. Perfluoropolyether is a highly corrosive lubricant which are non-flammable in nature used in the most extreme and critical lubrication applications, they are compatible with materials like plastic, glass, metal, elastomers, ceramics. These lubricants can be used for various purpose like application in gears, slides, bearings. The key driver in the market growth is increase in demand of high-grade lubricants, and the sale expansion of automotive and electronics may influence the market growth, whereas, the availability and usage of alternative lubricants may hinder the growth of Perfluoropolyether Market. The sale of Perfluoropolyether has increased with the increased demand for efficient lubricants. The Perfluoropolyether is also used as the top coating lubricant in the CD drives industry which acts as a key factor in propelling the growth of perfluoropolyether market. the increasing Research & Development investment by the manufacturers in order produce new product and enhance the application of existing products helps to keeps a competitive advantage among the other manufacturers. the increasing demand of non-corrosive and non-flammable lubricants in developed countries like USA and Canada especially in automotive and aerospace industry acts as a primary factor to drive the perfluoropolyether market growth. On the other hand, the declining CD market all over the globe and the fumes produced by perfluoropolyether when exposed to high temperature may act as major factors which may hinder the growth of perfluoropolyether market all over the globe. Based on the product type, perfluoropolyether Y is expected to hold maximum market share in the forecasted years due to its cost-effectiveness compared to competitors. Geographically, North America held the major market share in 2020 and was expected to dominate the north America embolization market in the forecasted years.
North America Perfluoropolyether Market Key Developments:
In June 2019, Total SA launched its new product planetelf PAG K40 which is used in automotive air compressor as a high-performing lubricant.
In March 2018, Kluber Lubrication launched klubersustain GW0-460 which is used in industrial gears.
Study Period
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Fastest Growing Market
The increasing demand of high-grade lubricants, and the sale expansion of automotive and electronics across the world is the major market driver in the North America Perfluoropolyether market during the forecast period. The Perfluoropolyether is also used as the top coating lubricant in the CD drives industry which acts as a key factor in propelling the growth of perfluoropolyether market. the increasing Research & Development investment by the manufacturers in order produce new product is expected to propel the perfluoropolyether market. the increasing demand of non-corrosive and non-flammable lubricants in developed countries like USA and Canada especially in automotive and aerospace industry acts as a primary factor to drive the perfluoropolyether market growth. Hence, this will drive the north America market growth at a significant rate in the forecasted years.
The north America perfluoropolyether market size was valued at USD 1,268.7 million in 2022.
The north America perfluoropolyether market is poised to grow at a significant CAGR of 4.3% from 2023 to 2029.
The leading players in the north America perfluoropolyether market are Dupont, Solvay, Daikin, Dow Corning, Kluber Lubrication GmbH, ICAN Inc., M&I Materials Limited, Nye Lubricants, Hunan Nonferrous, and IKV Tribology, Total SA.
Historic years considered for the market study are 2018 through 2022, 2022 is considered as the base year for market estimation and Seven years forecast presented from 2023 – 2029.