Engineered fluids, also known as fluorinated fluids, are a class of synthetic fluids that are designed to have specific properties, such as high thermal stability, low flammability, and good lubricity. They are used in a wide range of applications, including aerospace, automotive , electronics, and healthcare.
The global engineered fluids market is expected to grow at a CAGR of 7.4% during the forecast period. This growth is being driven by a number of factors, including: •
Increasing demand for high-performance fluids in demanding applications , such as aerospace and electronics
• Growing awareness of the environmental benefits of engineered fluids, such as their low toxicity and biodegradability
• Rising investment in research and development of new engineered fluids with improved properties
The engineered fluids market is segmented by type, application, and region. By type, the market is divided into lubricants, solvents, and heat transfer fluids. Lubricants are the largest segment of the market, accounting for over 50% of the market share in 2022. Solvents and heat transfer fluids are expected to witness the growth during the forecast period.
By application, the engineered fluids market fastest is divided into aerospace, automotive, electronics, chemical processing, oil and gas, power generation, and others. The aerospace and automotive industries are the largest consumers of engineered fluids, accounting for over 60% of the market share in 2022. The electronics industry is expected to witness the fastest growth during the forecast period.
By region, the engineered fluids market is divided into North America, Europe, Asia Pacific, and South America. North America is the largest market for engineered fluids, accounting for over 35% of the market share in 2022. Asia Pacific is expected to witness the fastest growth during the forecast period. Some of the key players
in the engineered fluids market include:
• 3M
• Solvay
• Halocarbon Products Corporation
• Daikin Industries
• Asahi Glass Company
• The Chemours Company
• Interflon
• Nye Lubricants
• F2 Chemicals
• IKV Tribology
These companies are investing heavily in research and development to develop new engineered fluids with improved properties. They are also expanding their production capacity to meet the growing demand for engineered fluids.
The engineered fluids market is expected to grow significantly in the coming years. This growth is being driven by a number of factors, including the increasing demand for high-performance fluids in demanding applications, growing awareness of the environmental benefits of engineered fluids, and rising investment in research and development.