Rohtak News Magazine

Engineered Fluids Market worth $1.5 Billion by 2027 at a growth rate of 5.5% – IndustryARC

 Breaking News
  • No posts were found

Engineered Fluids Market worth $1.5 Billion by 2027 at a growth rate of 5.5% – IndustryARC

September 12
12:41 2022
Market Research Reports, Business Consulting Services & Analytics
Engineered Fluids Market size is forecast to reach US$1.5 billion by 2027, after growing at a CAGR of 5.5% during 2022-2027. Increasing demand for high-performance heat transfer fluids in various industries due to its eco-friendly and other excellent characteristics are driving the market growth.

Engineered Fluids Market size is forecast to reach US$1.5 billion by 2027, after growing at a CAGR of 5.5% during 2022-2027. The global usage of engineered fluids as lubricants and heat transfer fluids, owing to its thermal stability is estimated to drive the market growth. Engineered fluids are fluorinated fluids such as polytetrafluoroethylene, perfluoro propyl ether, perfluoropolyether, polyvinyl fluoride, and other polymers. The Engineered Fluids Market report by IndustryARC covers complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

 

Competitive Landscape:

The top 5 players in the Engineered Fluids industry are –

1. Daikin Industries

2. Lubrilog Lubrication Engineering

3. Solvay S.A.

4. Engineered Custom Lubricants

5. F2 Chemicals Ltd.

 

Interested in knowing more relevant information? Click here:

https://www.industryarc.com/pdfdownload.php?id=510212

 

Segmental Analysis:

1. Lubricants segment held the largest share in the engineered fluids market in 2021. The rising usage of lubricants, the market for the engineered fluids will further rise over the forecast period.

2. Asia-Pacific region dominated the engineered fluids market with a share of 42% in the year 2021. The Asia Pacific region is predicted to continue its dominance in the market during the forecast period due to the increasing requirement for engineered fluids in developing countries such as China, Japan, India, and South Korea.

3. According to the International Energy Association (IEA), in China, in 2021, annual global energy investment is increased to US$ 1.9 trillion, recovering nearly 10 percent from 2020. Thus, the rising growth in the end use industry, will drive the engineered fluids market growth in the forecast period.

4. Oil and Gas industry held the largest share in the engineered fluids market in 2021 and is expected to grow at a CAGR of 5.9% during 2022-2027. The rising investments and production of oil and gas will raise the demand for engineered fluids, which will drive the engineered fluids market growth.

Report Coverage

Report Attributes

Details

By Type

Lubricants, Solvents, Heat Transfer Fluids

By End Use Industry

Transportation, Oil and Gas, Aerospace and Defence, Chemical and Petrochemical, Electrical and Electronics, Power Generation

By Geography

North America, Europe, Asia-Pacific, South America and Rest of World

 

Get more detailed information about these segments in the report. Buy it here:

https://www.industryarc.com/reports/request-quote?id=510212

 

Market Drivers and Challenges:

1. Growing Aerospace & Defence industry is Driving the Market Growth: The growth of the aerospace & defence sector, the market growth for engineered fluids will further rise over the forecast period.

2. Surging Demand for Engineered Fluids in the Electrical and Electronics Industry: Rising growth of the electrical and electronics industry is surging the demand for engineered fluids.

3. Problems Related to the Cracking of Engineered Fluids Will Hamper the Market Growth: The problems associated with the cracking of engineered fluids will hinder the market growth.

 

Why IndustryARC?

IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. Get detailed report on preferred market as per your specific requirements and our research experts would customize the report for you.

Email: [email protected]

USA: (+1) 614-588-8538, (+1) 815-656-4596

 

Similar Reports:

A. Silicone Fluid Market

https://www.industryarc.com/Report/16239/silicone-fluid-market.html

B. Fluid Dispensing Systems Market

https://www.industryarc.com/Research/Fluid-Dispensing-Systems-Market-Research-503661

Media Contact
Company Name: IndustryARC
Contact Person: Mr. Venkat Reddy
Email: Send Email
Phone: (+1) 970-236-3677
Address:Madhapur
City: Hyderabad
Country: India
Website: https://www.industryarc.com/Research/Engineered-Fluids-Market-Research-510212

Related Articles