Engineered Fluids (Fluorinated Oils) Market: Information by Application (Automotive, Aerospace and Military, Oil and Gas, Chemical Processing, Electricals & Electronics, Food Processing Machinery, Other application), and Region—Forecast till 2030

Market Synopsis

Fluorinated lubricants are engineered oils or fluids. They deliver high-performance lubrication on severe operating conditions, where traditional lubricants unable to perform owing to superior properties such as high-temperature, non-flammable, chemical inertness, stability, anti-corrosive, and non-toxicity. They find extensive use in the automotive, aerospace and military, oil and gas, chemical processing, electricals & electronics, and food processing machinery industries. The electricals and electronics segment accounted for a major market share in 2018.

According to MRFR analysis, the global engineered fluids (fluorinated oils) market is projected to reach USD 1.39 billion at a moderate CAGR, between 2019 and 2024.

Electrical and electronics segment dominated the global engineered fluids market in 2018, as it possesses a high temperature and long-lasting lubrication. Primarily, the product is used in semiconductors for electronic cooling, heating, testing, process chambers, lubricating connectors, and wafer handling advantage. The load carrying ability of fluorinated lubricants at high temperature in semiconductor allows withstanding in a hostile environment, which is expected to drive the global market growth during the review period. The increasing demand for oil and grease for vacuum pumps in semiconductors is expected to fuel the product demand during the forecast period. The innovation and development for minimizing the cost of manufacturing technology and replacement of traditional lubricants are expected to create growth opportunities for the market players during the assessment period.  However, the manufacturing technology for the market is costlier than the technologies for traditional oil and greases which is expected to restrain the market growth over the next five years. 

In March 2018, Solvay made a specialty chemical investment of USD 72 million in India. This investment was in the manufacturing of fluorinated lubricant for the treatment of oil and grease resistant food packaging. Similarly, in November 2016, 3M made a strategic expansion of Novec engineered fluids for metal cleaning applications. 

Global Engineered Fluids (Fluorinated Oils) Market Share, by Application, 2018 (%)

Source: MRFR analysis

Regional Analysis

The global engineered fluids market has been studied with respect to five key regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the largest share of the global market in 2018 and is projected to be the dominant regional market during the forecast period. Asian countries, such as China, Japan, South Korea, and Indonesia are the major producers and consumers of fluorinated lubricant. China is dominating the Asia-Pacific market due to the presence of low-cost technologies and a large number of players that manufacture low-cost engineered fluids. 

North American manufacturers are highly focused on investing in high-performance machinery and electronic-grade lubricants, it is expected to boost the demand for the engineered fluids market in the region during the forecast period.

European countries such as Germany, Russia, Italy, and the UK hold major shares of the regional market for high-end applications of aerospace and military, oil and gas, chemical processing, and electricals & electronics.

Market Segmentation

The global engineered fluids market has been segmented on the basis of application and region.

By application, the global engineered fluids market has been categorized into automotive, aerospace and military, oil and gas, chemical processing, electricals & electronics, food processing machinery, and others.

Key Players

Solvay (Belgium), The Chemours Company (US), Daikin Industries, Ltd. (Japan), 3M (US), AGC Chemicals (Japan), Honeywell International Inc. (US), Halocarbon Products Corporation (US), Halopolymer Kirovo-Chepetsk (Russia), Engineered Custom Lubricants (US), F2 Chemicals Ltd (Showa Denko K.K.) (UK), Interflon (Netherlands), Finish Line (US), Frontier Performance Lubricants, Inc (US), Condat Lubricants (France), and Klüber Lubrication (Germany) are some of the key players in the global  engineered fluids (fluorinated oils) market.

Intended Audience

•  Engineered Fluids (fluorinated oils) Manufacturers


• Traders and Distributors of Engineered Fluids (fluorinated oils)


• Research and Development Institutes


• Potential Investors


• Lubricant Suppliers

Report Scope:

Report Attribute/Metric	Details
Market Size	2022: USD 1.39 billion 2030 : Significant value
CAGR	Substantial Value (2022–2030)
Base Year	2021
Forecast Period	2022 to 2030
Historical Data	2019 & 2020
Forecast Units	Value (USD billion )
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Application
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Solvay (Belgium), The Chemours Company (US), Daikin Industries, Ltd. (Japan), 3M (US), AGC Chemicals (Japan), Honeywell International Inc. (US), Halocarbon Products Corporation (US), Halopolymer Kirovo-Chepetsk (Russia), Engineered Custom Lubricants (US), F2 Chemicals Ltd (Showa Denko K.K.) (UK), Interflon (Netherlands), Finish Line (US), Frontier Performance Lubricants, Inc (US), Condat Lubricants (France), and Klüber Lubrication (Germany)
Key Market Opportunities	The increasing demand for oil and grease for vacuum pumps in semiconductors
Key Market Drivers	The load carrying ability of fluorinated lubricants at high temperature in semiconductor allows withstanding in a hostile environment, which is expected to drive the global market

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