[FURL=https://www.industryarc.com/Report/17954/pfpe-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]PFPE (perfluorinated polyether) market[/FURL] is forecast to reach $1.4 billion by 2026, after growing at a CAGR of 6.2% during 2021-2026. Owing to its outstanding properties as lubricants, the demand is rising at a considerable pace around the globe. It is also seen in nearly all fields of the industry, from the chemical industry to advanced machinery. Due to its direct usage as lubricants in ball bearings, joints and various pivots used for the manufacture of automotive components, the growing development of vehicles, both commercial and personal, has further improved the market value. Many nations around the globe now dependent on their energy from nuclear power. PFPE is the only lubricant that can tolerate the toxic radiation released during the reaction from this industry, thereby proving valuable in enhancing the lifespan of the machinery. Such aspects have significantly increased the market value.Impact of Covid-19
Due to the lockdown and various other issues regarding production, the demand of PFPE in automotive and aerospace has reduced drastically, which tends to reduce the consumption of PFPE, and thus constraining the growth of the market in the forecast period.
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Key Takeaways
The growth of the perfluoropolyether industry is assisted by its coverage of a wide variety of spectrums distinguished by the phase of fuel used, generators, operation and combustion. The PFPE oil used in the aerospace and automotive industries is characterized by performance and viscosity additives. In addition to the need for sealing, cooling, washing and rust protection, the need to minimize wear and friction has contributed to the trend of using various classes of lubricants.
Less commonly used vehicles and aircraft have the ability to acquire rust & corrosion and need to be repaired and lubricated in a timely manner. Perfluoropolyether products aim to maintain the materials and solve the challenges of aircraft and truck downtime of rust and corrosion.
PFPE Market Drivers
Due to its stable 'chemical' bonds in intense conditions improve 'inertness' acts as preferable material, which increases the market demand
Due to the presence of extremely stable C-O and C-F bonds in perfluoropolyether (PFPE) it is basically inert against chemical and oxidizing pressures, making it a perfect match for environments where intense chemical exposure and high temperature instability, particularly in the aerospace bracket.
Increasing production of automotive vehicles will boost the demand
PFPE Market are Solvay, Daikin Industries, Inc., Klüber Lubrication, The Chemours Company, Nye Lubricants, M&I Materials Limited, LUBRILOG SAS, Miller-Stephenson, Inc., Metalubgroup, TECCEM GmbH, IKV Tribology, HUSK-ITT Corporation, Fluorotech USA, Setral Chemie GmbH, Jet lube
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