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The Global Engineered Fluids Market is Projected to Grow at a CAGR if 8.8% Between 2018 & 2023 - ResearchAndMarkets.com

May 23, 2019

DUBLIN--(BUSINESS WIRE)--May 23, 2019--

The “The Global Engineered Fluids (Fluorinated Fluids) Market is Projected to Grow at a CAGR if 8.8% Between 2018 & 2023” report has been added to ResearchAndMarkets.com’s offering.

The market size of fluorinated fluids was USD 795 million in 2017 and is projected to register a CAGR of 8.8% between 2018 and 2023. These fluids are non-reactive, used at high temperatures of up to 572F, do not react chemically, and evaporates very slowly.

The market is driven by various factors such as increased thermal management issues in industries such as electronics & semiconductor, automotive, and aerospace. These properties enable fluorinated to perform under extreme conditions such as high pressure, oxidation-prone environment, and high temperature operating conditions.

Engineered fluids (fluorinated fluids) are used in various end-use industries such as electronics & semiconductor, automotive, chemical processing, oil & gas, power generation, and aerospace, to reduce friction between the machine parts.

The leading players of the fluorinated fluids market are The Chemours Company (US), Daikin Industries (Japan), Solvay SA (Belgium), The 3M Company (US), and Asahi Glass Company (Japan), These players have adopted expansion, agreement, and acquisition as their key growth strategies.

The semiconductor industry is expected to increase its revenue mainly by diversification into new technologies such as the Internet of things (IoT) and artificial intelligence (AI). A lot of companies are also investing in R&D to develop cutting edge technologies. Engineered fluids (fluorinated fluids) are used in applications such as electronics cooling, heating, testing, chamber cleaning, connectors, process chamber, and wafer handling.

Heat transfer fluids maintain the temperature of a system and enhance energy savings by transferring heat from one system to another. They store heat to prevent the overheating of thermal devices by circulating the fluid through its mechanical parts. Important heat transfer fluid properties include low toxicity, low viscosity at low temperatures, high specific heat, thermal conductivity, and a high flash point. Increasing emphasis on energy savings due to awareness about energy conservation is expected to benefit the heat transfer fluids market. This is expected to provide growth opportunities for the heat transfer fluids market.

Market Dynamics

Drivers

  • Superior Properties of Fluorinated Fluids
  • Environment-Friendly Properties of Fluorinated Fluids
  • High Demand in APAC
  • Growth of End-Use Industries

Restraints

  • High Cost of Technology Development and Manufacturing of Fluorinated Fluids

Opportunities

  • Growing Demand for Heat Exchangers
  • Replacement of Petroleum-Based Lubricants With Fluorinated Lubricants

Company Profiles

  • The Chemours Company
  • Daikin Industries
  • Solvay S.A.
  • The 3M Company
  • Asahi Glass Company
  • Halocarbon Products Corporation
  • Engineered Custom Lubricants
  • Halopolymer Kirovo-Chepetsk
  • F2 Chemicals Ltd.
  • IKV Tribology
  • Lubrilog Lubrication Engineering
  • Nye Lubricants
  • Interflon
  • Finish Line
  • Harves Co. Ltd.
  • Honeywell International Inc.
  • Frontier Performance Lubricants Inc.
  • Condat Lubricants
  • Kluber Lubricants
  • Performance Fluids Limited

For more information about this report visit https://www.researchandmarkets.com/r/dtgalq

View source version on businesswire.com:https://www.businesswire.com/news/home/20190523005487/en/

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Related Topics:Electronic Chemicals,Lubricants and Greases

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Research and Markets

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PUB: 05/23/2019 10:25 AM/DISC: 05/23/2019 10:25 AM

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