The Perfluoropolyether Market is expected to grow at > 4.0% during 2020-2025, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Perfluoropolyether Market
Perfluoropolyether Market is likely to witness a healthy CAGR of 4.0% during the forecast period. The major factors such as rapid growth in the automotive sector, incorporation of high-quality lubricants, long-lasting feature of perfluoropolyether, and the growing commercial aerospace production and requirement for efficient aircraft design to enhance the overall performance are expected to fuel the growth of the market during the forecast period.
Asia-Pacific is estimated to be the leading region in the market, the growth is attributed to the rising number of low-cost airlines in the region during the forecast period. Factors such as the expansion of aerospace industry generating demand for lubricants, and the continuous expansion of manufacturing, automobile and other industrial sectors leading to high demand for cars, power tools and industrial equipment are expected to fuel the growth of the regional market in the upcoming years. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.
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Market Scope & Market Segmentation
Perfluoropolyether Market Share: By Product Type
Based on the product type, the perfluoropolyether market is segmented as PFPE-K, PFPE-M, PFPE-Z, PFPE-Y, and PFPE-D. PFPE-Y is estimated to be the major product type in the market during the forecast period, owing to its cost-effective nature on comparing with its other counterparts. These fluids are utilized for various applications such as in gears, slides, bearings, where there is requirement for high-temperature elastomers compatibility, where performance of machines components are affected by heat, corrosion, solvents, toxicity, flammability, and can also be used as grease in various end-use industries including chemical, electronics, automotive, and data processing. They offer various excellent features such as thermal, chemical, electrical & solvent resistance, and are non-reactive with elastomers, metal, plastic and rubber, eventually accelerating the product demand in the market during the forecast period.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.