Global 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 2027
ID: MRFR/CnM/6333-HCR | February 2021 | Region: Global | 180 pages
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
Frequently Asked Questions (FAQ) :
The outlook of the global engineered fluids (fluorinated oils) market looks very promising.
Engineered Fluids (fluorinated oils) Market is expected to reach USD 1.39 BN by 2023.
The electrical & electronics is the largest application segment in the global engineered fluids (fluorinated oils) market.
Asia Pacific holds the largest share in the global engineered fluids (fluorinated oils) market, followed by North America and Europe, respectively.
The Chemours Company (US), Solvay (Belgium), Daikin Industries, Ltd. (Japan), AGC Chemicals (Japan), 3M (US), Honeywell International Inc. (US), Halopolymer Kirovo-Chepetsk (Russia), Halocarbon Products Corporation (US), Engineered Custom Lubricants (US), Interflon (Netherlands), F2 Chemicals Ltd (Showa Denko K.K.) (UK), Finish Line (US), Condat Lubricants (France), Frontier Performance Lubricants, Inc. (US), and Klüber Lubrication (Germany), are some of the major players operating in the engineered fluids (fluorinated oils) market.
TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope of the Study
2.3 Assumptions & Limitations
2.4 Market Structure
2.5 Key Takeaways
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Challenges
5.6 Trends
6 Market Factor Analysis
6.1 Supply Chain Analysis
6.1.1 Raw Material Suppliers
6.1.2 Manufacturers/Producers
6.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants
6.1.4 End-Users
6.2 Porter’s Five Forces Analysis
6.2.1 Threat of New Entrants
6.2.2 Bargaining Power of Buyers
6.2.3 Bargaining Power of Suppliers
6.2.4 Threat of Substitutes
6.2.5 Intensity of Competitive Rivalry
6.3 Pricing Analysis
7. Global Engineered Fluids (Fluorinated Oils) Market, by Application
7.1 Introduction
7.2 Automotive
7.2.1 Market Estimates & Forecast, 2020–2027
7.2.2 Market Estimates & Forecast, by Region, 2020–2027
7.3 Aerospace and Military
7.3.1 Market Estimates & Forecast, 2020–2027
7.3.2 Market Estimates & Forecast, by Region, 2020–2027
7.4 Oil and Gas
7.4.1 Market Estimates & Forecast, 2020–2027
7.4.2 Market Estimates & Forecast, by Region, 2020–2027
7.5 Chemical Processing
7.5.1 Market Estimates & Forecast, 2020–2027
7.5.2 Market Estimates & Forecast, by Region, 2020–2027
7.6 Electricals & Electronics
7.6.1 Market Estimates & Forecast, 2020–2027
7.6.2 Market Estimates & Forecast, by Region, 2020–2027
7.7 Food Processing Machinery
7.7.1 Market Estimates & Forecast, 2020–2027
7.7.2 Market Estimates & Forecast, by Region, 2020–2027
7.8 Others
7.8.1 Market Estimates & Forecast, 2020–2027
7.8.2 Market Estimates & Forecast, by Region, 2020–2027
8. Global Engineered Fluids (Fluorinated Oils) Market, by Region
8.1 Introduction
8.2 North America
8.2.1 Market Estimates & Forecast, 2020–2027
8.2.2 Market Estimates & Forecast by Application, 2020–2027
8.2.3 US
8.2.3.1 Market Estimates & Forecast, 2020–2027
8.2.3.2 Market Estimates & Forecast by Application 2020–2027
8.2.4 Canada
8.2.5.1 Market Estimates & Forecast, 2020–2027
8.2.5.2 Market Estimates & Forecast by Application, 2020–2027
8.3 Europe
8.3.1 Market Estimates & Forecast, 2020–2027
8.3.2 Market Estimates & Forecast by Application, 2020–2027
8.3.3 Germany
8.3.3.1 Market Estimates & Forecast, 2020–2027
8.3.3.2 Market Estimates & Forecast by Application, 2020–2027
8.3.4 France
8.3.4.1 Market Estimates & Forecast, 2020–2027
8.3.4.2 Market Estimates & Forecast by Application, 2020–2027
8.3.5 Italy
8.3.5.1 Market Estimates & Forecast, 2020–2027
8.3.5.2 Market Estimates & Forecast by Application, 2020–2027
8.3.6 Spain
8.3.6.1 Market Estimates & Forecast, 2020–2027
8.3.6.2 Market Estimates & Forecast by Application, 2020–2027
8.3.7 UK
8.3.7.1 Market Estimates & Forecast, 2020–2027
8.3.7.2 Market Estimates & Forecast by Application, 2020–2027
8.3.8 Poland
8.3.8.1 Market Estimates & Forecast, 2020–2027
8.3.8.2 Market Estimates & Forecast by Application, 2020–2027
8.3.9 Russia
8.3.9.1 Market Estimates & Forecast, 2020–2027
8.3.9.2 Market Estimates & Forecast by Application, 2020–2027
8.4 Asia–Pacific
8.4.1 Market Estimates & Forecast, 2020–2027
8.4.2 Market Estimates & Forecast by Application, 2020–2027
8.4.3 China
8.4.3.1 Market Estimates & Forecast, 2020–2027
8.4.3.2 Market Estimates & Forecast by Application, 2020–2027
8.4.4 India
8.4.4.1 Market Estimates & Forecast, 2020–2027
8.4.4.2 Market Estimates & Forecast by Application, 2020–2027
8.4.5 Japan
8.4.5.1 Market Estimates & Forecast, 2020–2027
8.4.5.2 Market Estimates & Forecast by Application, 2020–2027
8.4.6 Australia & New Zealand
8.4.6.1 Market Estimates & Forecast, 2020–2027
8.4.6.2 Market Estimates & Forecast by Application, 2020–2027
8.4.7 Rest of Asia–Pacific
8.4.7.1 Market Estimates & Forecast, 2020–2027
8.4.7.2 Market Estimates & Forecast by Application, 2020–2027
8.5 Middle East & Africa
8.5.1 Market Estimates & Forecast, 2020–2027
8.5.2 Market Estimates & Forecast by Application, 2020–2027
8.5.3 Turkey
8.5.3.1 Market Estimates & Forecast, 2020–2027
8.5.3.2 Market Estimates & Forecast by Application, 2020–2027
8.5.4 Israel
8.5.4.1 Market Estimates & Forecast, 2020–2027
8.5.4.2 Market Estimates & Forecast by Application, 2020–2027
8.5.5 North Africa
8.5.5.1 Market Estimates & Forecast, 2020–2027
8.5.5.2 Market Estimates & Forecast by Application, 2020–2027
8.5.6 GCC
8.5.6.1 Market Estimates & Forecast, 2020–2027
8.5.6.2 Market Estimates & Forecast by Application, 2020–2027
8.5.7 Rest of the Middle East & Africa
8.5.7.1 Market Estimates & Forecast, 2020–2027
8.5.7.2 Market Estimates & Forecast by Application, 2020–2027
8.6 Latin America
8.6.1 Market Estimates & Forecast, 2020–2027
8.6.2 Market Estimates & Forecast by Application, 2020–2027
8.6.3 Brazil
8.6.3.1 Market Estimates & Forecast, 2020–2027
8.6.3.2 Market Estimates & Forecast by Application, 2020–2027
8.6.4 Argentina
8.6.4.1 Market Estimates & Forecast, 2020–2027
8.6.4.2 Market Estimates & Forecast by Application, 2020–2027
8.6.5 Mexico
8.6.5.1 Market Estimates & Forecast, 2020–2027
8.6.5.2 Market Estimates & Forecast by Application, 2020–2027
8.6.6 Rest of Latin America
8.6.6.1 Market Estimates & Forecast, 2020–2027
8.6.6.2 Market Estimates & Forecast by Application, 2020–2027
9. Competitive Landscape
9.1 Introduction
9.2 Market Key Strategies
9.3 Key Development Analysis
(Expansions/Mergers & Acquisitions/Joint Ventures/New Application Developments/Agreements/Investments)
10. Company Profiles
10.1 Solvay
10.1.1 Company Overview
10.1.2 Financial Updates
10.1.3 Product /Business Segment Overview
10.1.4 Key Developments
10.1.5 SWOT Analysis
10.1.6 Key Strategies
10.2 The Chemours Company
10.2.1 Company Overview
10.2.2 Financial Updates
10.2.3 Product /Business Segment Overview
10.2.4 Key Developments
10.2.5 SWOT Analysis
10.2.6 Key Strategies
10.3 Daikin Industries, Ltd.
10.3.1 Company Overview
10.3.2 Financial Updates
10.3.3 Product /Business Segment Overview
10.3.4 Key Developments
10.3.5 SWOT Analysis
10.3.6 Key Strategies
10.4 3M
10.4.1 Company Overview
10.4.2 Financial Updates
10.4.3 Product /Business Segment Overview
10.4.4 Key Developments
10.4.5 SWOT Analysis
10.4.6 Key Strategies
10.5 AGC Chemicals
10.5.1 Company Overview
10.5.2 Financial Updates
10.5.3 Product /Business Segment Overview
10.5.4 Key Developments
10.5.5 SWOT Analysis
10.5.6 Key Strategies
10.5 Honeywell International Inc.
10.5.1 Company Overview
10.5.2 Financial Updates
10.5.3 Product /Business Segment Overview
10.5.4 Key Developments
10.5.5 SWOT Analysis
10.5.6 Key Strategies
10.6 Halocarbon Products Corporation
10.6.1 Company Overview
10.6.2 Financial Updates
10.6.3 Product /Business Segment Overview
10.6.4 Key Developments
10.6.5 SWOT Analysis
10.6.6 Key Strategies
10.7 Halopolymer Kirovo-Chepetsk
10.7.1 Company Overview
10.7.2 Financial Updates
10.7.3 Product /Business Segment Overview
10.7.4 Key Developments
10.7.5 SWOT Analysis
10.7.6 Key Strategies
10.8 Engineered Custom Lubricants
10.8.1 Company Overview
10.8.2 Financial Updates
10.8.3 Product /Business Segment Overview
10.8.4 Key Developments
10.8.5 SWOT Analysis
10.8.6 Key Strategies
10.10 F2 Chemicals Ltd (Showa Denko K.K.)
10.10.1 Company Overview
10.10.2 Financial Updates
10.10.3 Product /Business Segment Overview
10.10.4 Key Developments
10.10.5 SWOT Analysis
10.10.6 Key Strategies
10.11 Interflon
10.11.1 Company Overview
10.11.2 Financial Updates
10.11.3 Product /Business Segment Overview
10.11.4 Key Developments
10.11.5 SWOT Analysis
10.11.6 Key Strategies
10.12 Finish Line
10.12.1 Company Overview
10.12.2 Financial Updates
10.12.3 Product /Business Segment Overview
10.12.4 Key Developments
10.12.5 SWOT Analysis
10.12.6 Key Strategies
10.13 Frontier Performance Lubricants, Inc.
10.13.1 Company Overview
10.13.2 Financial Updates
10.13.3 Product /Business Segment Overview
10.13.4 Key Developments
10.13.5 SWOT Analysis
10.13.6 Key Strategies
10.14 Condat Lubricants
10.14.1 Company Overview
10.14.2 Financial Updates
10.14.3 Product /Business Segment Overview
10.14.4 Key Developments
10.14.5 SWOT Analysis
10.14.6 Key Strategies
10.15 Klüber Lubrication
10.15.1 Company Overview
10.15.2 Financial Updates
10.15.3 Product /Business Segment Overview
10.15.4 Key Developments
10.15.5 SWOT Analysis
10.15.6 Key Strategies
11. Conclusion
LIST OF TABLES
Table 1 Global Engineered Fluids (Fluorinated Oils) Market, by Region, 2020–2027
Table 2 North America: Engineered Fluids (Fluorinated Oils) Market, by Country, 2020–2027
Table 3 Europe: Engineered Fluids (Fluorinated Oils) Market, by Country, 2020–2027
Table 4 Asia-Pacific: Engineered Fluids (Fluorinated Oils) Market, by Country, 2020–2027
Table 5 Middle East & Africa: Engineered Fluids (Fluorinated Oils) Market, by Country, 2020–2027
Table 6 Latin America: Engineered Fluids (Fluorinated Oils) Market, by Country, 2020–2027
Table 7 Global Engineered Fluids (Fluorinated Oils) Application Market, by Region, 2020–2027
Table 8 North America: Engineered Fluids (Fluorinated Oils) Application Market, by Country, 2020–2027
Table 9 Europe: Engineered Fluids (Fluorinated Oils) Application Market, by Country, 2020–2027
Table 10 Asia-Pacific: Engineered Fluids (Fluorinated Oils) Application Market, by Country, 2020–2027
Table 11 Middle East & Africa: Engineered Fluids (Fluorinated Oils) Application Market, by Country,
2020–2027
Table 12 Latin America: Engineered Fluids (Fluorinated Oils) Application Market, by Country, 2020–2027
Table 13 Global Application Market, by Region, 2020–2027
LIST OF FIGURES
FIGURE 1 Global Engineered Fluids (Fluorinated Oils) Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis of Engineered Fluids (Fluorinated Oils) Market
FIGURE 4 Supply Chain of Engineered Fluids (Fluorinated Oils) Market
FIGURE 5 Share of Engineered Fluids (Fluorinated Oils) Market, by Country, 2020 (%)
FIGURE 5 Global Engineered Fluids (Fluorinated Oils) Market, 2020–2027
FIGURE 6 Sub Segments of Application
FIGURE 8 Global Engineered Fluids (Fluorinated Oils) Market size, by Application, 2020 (%)
FIGURE 10 Share of Engineered Fluids (Fluorinated Oils) Market, by Application, 2020–2027