Bulk & Specialty Chemicals

How will the global nano zinc oxide market gain traction via rising demand from the cosmetics sector?

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Nano zinc oxides are increasingly used in the cosmetics and the paints & coatings sectors. Especially in the cosmetics sector, nano zinc oxides are used for making different skin creams and lotions. Growing customer awareness and demand for reliable and safe cosmetic products could support product penetration. Increasing purchasing power and the surging requirement for high quality cosmetic items would contribute to nano zinc oxide industry expansion.

According to a study conducted by Global Market Insights, Inc., the global nano zinc oxide market is anticipated to exceed USD 800 million valuations by 2026.

Coated nano zinc oxide are renowned for its UV blocking capabilities. It is mostly used as a viable ingredient for developing sunscreen cosmetic products. Stringent federal regulations and standards regarding the safety of cosmetic products could improve coated nano zinc oxide market dynamics. For instance, the U.S. FDA. is working with industry players to determine the safety of sunscreen active ingredients. Moreover, the need for new cosmetic products that complying with updated standards may augment the nano zinc oxide market share in the forthcoming years.

In the paints and coating industry, nano zinc oxides are used as mold inhibitors and pigment primarily to enhance the thermal stability and photostability of latex products. High-rise investments in the building and construction sector along with numerous renovation and expansion activities initiated on existing infrastructure is likely to accelerate the demand for architectural coatings.

Moreover, increasing production and exports of coating products in the U.S. could aid regional industry expansion. For instance, coating export from the U.S. was reportedly valued around USD 1.85 billion, accounting for two-thirds of the total industry exports. Moreover, development of new coating and paint formulation with reduced particle size distribution and nanoparticle concentration is anticipated to stimulate nano zinc oxide market size in the paints and coatings industry.

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The electronics industry is also accounting a noteworthy share in the nano zinc oxides market. The industry primarily opts for nano zinc oxide nanosheets owing to the product’s larger surface area and improved crystallinity. Increasing R&D activities and development of zinc oxide nanostructures and  nanomaterials blends could accelerate product traction this industry.

Nano zinc oxides have some remarkable properties, like the ability to trigger reactive oxygen species (ROS) with the release of zinc ions which support product usage in anticancer and antibacterial fields. However, toxicity concerns associated with the use of nano zinc could hamper market growth. Upsurge production of nano ZnO could also result in increased environmental release through domestic as well as industrial wastewaters, which may thereby restrain industry growth.

Prominent industry players operating in global nano zinc oxides market are increasing focused on offering high-quality, cost-effective products with the help of advanced processing technologies. Easy availability of products that offer features like anti-microbial and UV protection has strengthened the network of distributors and suppliers. Companies are also trying to expand their consumer base. For instance, in 2019, Advance NanoTek announced an extension of its production facility with the launch of its Australian plant in Brisbane to establish itself as frontrunner zinc oxide products in the industry.

Author Name : Abhijeet Kakade

Expanding electronics sector to fuel MIM Parts market growth through 2019 to 2026

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Metal Injection Molding (MIM) parts market is set to witness promising growth on account of its increased application in the electronics industry. Increasing use of MIM parts for defense, automobile, and aerospace segment are likely to further aid growth of MIM parts market during the forecast timeframe.The electronics segment has a considerable volume share in the MIM parts industry. Today, MIM parts are used in fiber optic parts, lighting devices, and smartphone parts among others. Sustained development of new cost-efficient technologies is expected to boost the consumer electronics segment industry in the coming years.

In 2018, electronics segment was the second-largest end-user industry with a market share of more than 33%. The segment is further estimated to grow at CAGR of more than 13% during the forecast timeframe.

Meanwhile, in terms of regional growth, China would mark a significant growth rate in a forthcoming timeframe owing to its rapidly expanding electronics industry. Additionally, rising automotive sales in emerging economies such as China, India, and Japan would create a dual-channel that would drive momentous growth in the industry.

With regards to industry, the MIM Parts market would likely witness significant growth in the future on account of the projected growth of the aerospace industry. Stabilizing crude oil prices, increasing passenger travel in Latin America, Asia Pacific, and the Middle East, and recovering in GDP growth are some of the key factors that are driving the commercial aircraft sector growth.

Metal injection molding technology is used to manufacture numerous components in the aerospace sector, including compressor blades, fasteners, bushings, inlets, brackets, and rotors among others.

Increasing defense spending from nations like the U.S, India, China, Japan, and Saudi Arabia is anticipated to further fuel defense aircraft demand during the forecast timespan. This opens up another facet of the aerospace sector for the MIM parts market.

Based on material, stainless steel is the most used metal for metal injection molding. In fact, it accounted for more than 60% of the total market share in 2018. This segment is projected to retain its dominance by the end of the forecast timeframe.

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Properties like high strength, high density, and corrosion resistance are the key factors that aid the incorporation of stainless steel in MIM parts. Moreover, stainless steel is widely used across numerous ends user industries such as firearms, automotive, and consumer goods, which are anticipated to depict a healthy growth rate during the projected timespan.

Consumer goods industry would likely account for a considerable share in coming years. The projected growth can be attributed to the rapid penetration of new feature-laden products and strengthening distribution channels in the industry.

On the other hand, rising purchasing power and shifting consumer inclination towards sophisticated and eye-catching products would further elevate the use of MIM parts in the consumer goods industry.

New product development is the key strategy adopted by market leaders to strengthen their market presence. For instance, CMG Technologies and AMT have recently introduced 3D printed MIM parts that they hope would bring in customer attention.

Key industry players operating in the MIM parts market include Advanced Material Technologies, CMG Technologies, CN Innovations Holdings Ltd, Form Technologies Company, Akron Porcelain & Plastics Co., Kinetics Climax Inc, Nippon Piston Ring Co. Ltd., Hoganas AB., and PSM Industries.

All in all, a flourishing electronics sector, a strengthening defense industry, rising automotive sales, and growing cost-effectiveness would drive the MIM parts market size in coming years. Global Market Insights, Inc., estimates that the (Metal Injection Molding) MIM parts market size would surpass a $5 billion valuation by 2025.

Author Name : Abhijeet Kakade

Prolific infrastructural advancements across the globe to bolster firestop sealants market outlook over 2019-2025

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Rapid developments across the residential & commercial construction sector aided by public & private collaborations will fuel firestop sealants market share. Favorable government initiatives such as housing for all and low bank rates will facilitate the expansion of residential construction activities in the coming years.Fire barrier sealants are extremely durable, leading to their widespread popularity in various applications such as porous and nonporous substrates sealing, sanitary fittings, ceiling wiring and electrical conduits. Additionally, the robust application potential of passive fireproofing solutions such as fillers, sealants and tapes in pipes, wires and cables will stimulate firestop sealants market demand over 2025.

Myriad government policies regarding the integration of passive fireproofing materials in construction applications will also add impetus to industry growth. For instance, various standards set by the EU, National Building Code, National Electrical Code (NFPA-70), International Building Code (IBC), Legacy US building codes, etc., regarding the utilization of sophisticated sealants, will boost firestop sealants market growth over the forecast spell.

According to Global Market Insight, Inc. estimates, the worldwide firestop sealants market size is projected to cross $500 million over 2025.

Considering the end-use application spectrum, firestop sealants market share from the industrial segment is expected to witness growth at a rate of over 4.5% through 2025. The product is used extensively in the automotive industry given the high fire risks faced by the sector owing to high exposure to flammable sources like solvents, paints, petrol and engine oils, among others.

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Likewise, the rising preference for lightweight materials for fuel efficiency and customer security enhancement will bolster product demand. Flourishing automotive production rates across prominent locations such as U.S, Brazil, India, China and Japan, among others will present several profitable growth prospects for key industry players.

Meanwhile, the commercial end-use segment of the Germany firestop sealants industry is expected to accrue appreciable gains of over 5% through 2025, owing to the burgeoning adoption of concrete joints and metals in the chemical, pharmaceutical and production sectors, with the aim of averting any fire-related mishaps. Furthermore, advantageous characteristics including high adhesiveness and robust fire obstruction properties will propel firestop sealants market trends from the commercial segment.

With regards to product-based segmentation, the firestop sealants industry is categorized into silicone and acrylic products. Of these, the acrylic sealants segment is expected to record revenue worth over $300 million by 2025. The product demonstrates strong application potential through exceptional movement and adhesion capabilities to a vast array of substrates including metal and plastic pipes, cable trays, static and dynamic joints for wooden floor & ceiling, ducts, cables and more.

Surging demand for efficient sealing of HVAC installations through metal or concrete deck undersides and fire-rated assemblies to inhibit smokes and fire passage will strengthen the overall firestop sealants market outlook over the predicted timeframe.

The APAC firestop sealants market share is expected to observe appreciable growth with over 5.6% CAGR through 2025. The thriving construction sector in the region is one of the pivotal factors driving the rapid progression of numerous Asian nations. To illustrate, the close proximity of China to ASEAN nations has led to a massive increase in its overseas infrastructure funding, following the formation of the Asian Infrastructure Investment Bank.

Positive transformation of the overall infrastructural landscape will further accelerate the adoption of fire proofing materials for construction activities, which will in turn impel firestop sealants industry expansion over 2025.

Author Name : Saloni Walimbe

Emerging trends in the pharmaceuticals sector to foster overall fumed silica market growth over 2019-2025

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Broad application scope across myriad sectors including pharmaceuticals, cosmetics, food & beverage and electronics, etc., will drive fumed silica market size. The product has multiple functionalities including a rheology modifier, desiccant, thickening agent, anti-sagging agent, viscosity controller and anti-caking agent, among others, designed to enhance the productivity of other products.

Emerging trends in drug manufacturing activities in tandem with the improving capsule and drug performance characteristics are likely to stimulate fumed silica market demand. The product is used often for drug manufacturing in order to enhance flow properties and mitigate any issues pertaining to compaction or non-uniformity, the latter of which is a common obstacle for the pharmaceutical industry.

The product enhances bond strength in capsules and tablets and aids in particle rearrangement. Additionally, it helps avoid bridging and reduces friction and statics charges. Industry growth is bolstered by the significant surge in pharmaceutical production, stemming from the rising financial interest from pharma companies towards R&D efforts for efficient drug manufacturing activities.

Based on estimates by a Global Market Insights, Inc. report, the worldwide fumed silica market share is expected to surpass $1.5 billion over 2025.

UPRs or unsaturated polyester resins, when in their pure form, face a deficiency of viscosity levels and thixotropic properties, which can be corrected through the application of pyrogenic silica in the resins, Since these resins are a major component in the construction industry and are used extensively for roofing tiles, pipes bathroom furniture, cladding panels, pre-fabricated buildings and more, their demand across the residential, industrial and commercial construction sector is expected to witness a commendable upsurge in the years ahead, which will in turn augment fumed silica industry demand.

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While the fumed silica market from the hydrophobic product segment is anticipated to depict an appreciable CAGR of over 5.5% through 2025, the hydrophilic silica segment is expected to hold a dominant position in the overall market over the forecast spell. This is on account of its vast application potential, including as a thickening and reinforcing agent in silicone manufacturing. Major factors enabling the hydrophilic silica segment to take the lead in the market are its untreated nature and its ability to be dispersed in water, which its hydrophobic counterpart is not suited for.

The paints, coatings and inks application segment is poised to surpass over 50 kilo tons consumption by 2025. Robust development in the segment is largely due to increased product utilization in enhancing the rheological and thixotropic properties of paints & coatings products. Fumed silica avoids the sagging of paints applied to vertical surfaces and minimizes the risk of corrosion of the coating.

Fumed silica is applied extensively to adhesive & sealant formulations to facilitate reinforcement and rheological characteristics. The adhesives & sealants application segment is anticipated to depict a significant CAGR of more than 4.5% through 2025. Escalating adhesive and sealant utilization across the construction and automotive industries will support product growth in the coming years.

Fumed silica industry from the food & beverages segment is likely to record sizeable growth at a rate of over 3.5% through 2025. The product helps maintain food product quality through the enhancement of flow properties and also inhibits caking formation thereby extending the product lifespan to a great extent. Additionally, it functions as a flavor masking agent and helps attain cost efficiency.

The fumed silica market in North America may hold a considerable chunk of the overall revenue share over the estimated timeline. This rapid development seems to be attributed primarily to the burgeoning pharmaceutical sector in the region. In fact, North America accounted for almost half of the worldwide pharmaceutical sales in 2018, according to the European Federation of Pharmaceutical Industries and Associations. Therefore prolific advancements in the pharmaceutical industry will proliferate fumed silica market growth in the years ahead.

Author NameSaloni Walimbe

Burgeoning demand for ceramic parts from filament sector to impel ceramic 3D printing market trends over 2019-2025

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Global ceramic 3D printing market is witnessing accelerated growth owing to heightened demand for ceramic parts across a number of sectors, including biomedical engineering, electronics, aerospace and chemicals, among others. Due to outstanding thermal stability at elevated temperatures, ceramic manufactured parts are often used in high temperature settings.

Products obtained through conventional subtractive manufacturing (SM) process face the removal of materials from large stocks and are significantly pricey due to time-consuming procedures and considerable loss of raw materials. Ceramic additive manufacturing, on the other hand enables the manufacture of parts with a nearly 90% lower production time than traditional methods even as it mitigates waste of material.

Ceramic 3D printing industry applications are gaining considerable traction in 3D prototyping of patient-specific implants. Metallic implants based on gold, stainless steel, and tantalum are widely used in cranial as well as knee & hip prosthesis. High X-ray absorption of metals as compared to surrounding tissues, however, increases the likelihood of streak artifacts in CT scanning images. Therefore, owing to their inert and non-reactive nature, glass ceramics demonstrate strong bioactivity and biocompatibility in patient-specific implants.

According to a research report by Global Market Insights, Inc. ceramic 3D printing market size is anticipated to cross $115 million over 2025.

Considering the product landscape, ceramic 3D printing industry from the filament segment is likely to depict a CAGR of over 30% through 2025, stemming from the emergence of myriad ceramic filaments including lay-ceramic and zetamix. Zetamix allows users to manufacture components comprising more than 80% ceramic weight, and following the debinding and sintering processes, can facilitate the production of pure ceramic parts. Furthermore, progressive evolution in many other filament-based 3D printing ceramics will further endorse industry expansion over time.

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The part production application segment is poised to register a prolific growth rate of over 35% through 2025, ascribed to a more streamlined method of conventional investment casting. This approach will be further facilitated by the likelihood of low to zero waste material alongside convenient production of complex geometric components. Evolutions of printers and ceramic materials will promote application versatility of the product.

The ceramic 3D printing industry from the healthcare sector is likely to register revenue of more than $50 million over 2025, through innovative use of ceramic substrates and ceramic components in medical equipment. Furthermore, due to beneficial properties like high mechanical strength and thermal resilience, ceramic substrates and thick film circuits comprising ceramic insulation are used predominantly in medical devices. Industry growth in the segment is also substantially accelerated by sophisticated biocompatibility characteristics of the product.

Europe ceramics 3D printing market is expected to account for more than 30% of the total volume share over 2025, given the burgeoning prevalence of aerospace and automotive part production firms in the region. The emergence of several resin types in Europe coupled with R&D initiatives, including the European Commission-backed Cell3Ditor project, may present lucrative growth opportunities for the ceramic 3D printing business landscape. Likewise, the Fuel Cells Hydrogen Joint Undertaking promotes the expansion of additive manufacturing technologies for use in manufacturing of solid oxide fuel cells (SOFC) industrial stacks.

Author NameSaloni Walimbe

Robust hospitality sector to underpin Europe drinkware market by 2025

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With surging consumption of infused water propelling metabolism and energy levels, stakeholders are vying to gain foothold in drinkware market by increasing sales of glass, stainless steel and polymer infuser bottles. It is believed that pervasive obesity related issues, including heart problems and diabetes will influence consumers toward metabolism boosting drinks.

Drinkware market share is likely to gain impetus from implementation of rigorous regulations to curb plastic waste. In a bid to bolster drinkware market share, prominent companies are relentlessly focusing on providing novel products and services. For instance, Contigo came up with new AUTOSPOUT infuser bottle in 2016 that complements the on-the-go trend. It is believed that rising health awareness to maintain and reduce body weight will potentially influence the sales of infuser bottles.

With e-commerce sector coming of age, drinkware market is an apt beneficiary of e-commerce technology owing to frequency of transaction and purchases and large number of customers served via online platforms. Drinkware market size is envisaged to exceed US$ 35 bn by 2025, according to the latest research report by Global Market Insights, Inc.

India is set to spearhead drinkware market with government putting clampdown on the use of single use plastics. As such, India bottles market is projected to expand at a growth rate of over 4.5% through 2025. With exceptional improvement in ease of doing business rankings and notable slash in corporate tax rate, India is believed to be a happy hunting ground for stakeholders vying to invest in drinkware market.

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India consumes an estimated 16.5 mn tons of plastic annually, Down to Earth Magazine claimed in its 2018 report citing data provided by PlastIndia Foundation. According to FICCI, association of business organization in India, 43% of India’s plastics are single-use plastic and are used in packaging. Accordingly, the government of India is contemplating nation-wide ban on single-use plastic by 2022. As such, audacious steps undertaken by government have instilled confidence among end-users and are expected to boost drinkware market revenue during the forecast period 2019-2025.

Europe drinkware market trends are expected to get boost from expanding penetration of tourism sector as the region has been one of the most sought-after destinations for tourists. Reports claim over 700 mn tourists arrived in Europe in 2018 alone, thereby belying the Brexit fuss.

Growth in hospitality sector is set to be triggered by increased usage of mugs and cups in the region. Europe drinkware market for mugs and cups segment exceeded 3.5 bn in 2018, thereby stimulating drinkware market outlook. There has been palpable use of mugs and cups for serving hot and cold beverages, including alcoholic and non-alcoholic beverages. European countries, including Norway, Finland, Sweden and Iceland are among the top consumers of coffee globally.

Drinkware market competitive landscape indicates that a few of the manufacturers are contemplating product launches. Klean Kanteen introduced three matte color options – Growler in 2014 to propel the footprint of stainless-steel products. Prominent players vying to bolster drinkware market share include, Hamilton Housewares Pvt. Ltd, Camel Bak, Dopper, Hydro Flask, and Pacific Market International, among others.

Author NameSunil Jha

Retailers’ traction towards point-of-sale applications to boost thermal paper market

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Thermal paper market share is poised for robust growth owing to thermal paper’s exceptional speed that propels faster printing of labels for shipping or packaging and receipts for customers. One of the striking features of thermal paper is that it substantially reduces maintenance cost as service is required less frequently and complicated repairs are kept at bay. Prominently, advent of thermal paper has brought paper ecosystem in the cusp of revolution.

Unprecedented growth witnessed in e-commerce sector and advancement witnessed in retail sector have bolstered thermal paper market outlook. Dramatic rise in online transactions has led to growing traction among millennials to go cashless. As such, upsurge in labelling of online sold goods has augmented thermal paper market share.

With printing on thermal paper offering high-definition, speedy and reliable images, the technology is prevalently being used among end-users, including retailers, ticketing agencies, lottery systems and other organizations that need high-volume and accurate printouts. Retailers tend to use thermal paper for point-of-sale applications, such as gas stations, grocery stores and bank ATMs as thermal paper printers are relatively faster than other types of printers that streamlines customer service and eventually propels thermal paper market share.

Surge in the use of thermal paper is in line with the increasing use of non-coated paper tickets, POS receipts. Nevertheless, POS terminals provide state-of-the-art contactless payment services that are highly sought-after among retailers. Thermal paper market size is projected to exceed US$ 5.6 bn by 2025, according to a new research report by Global Market Insights, Inc.

Buoyed by soaring popularity of thermal paper in lottery and gaming landscape, lottery and gaming segment of thermal paper market is projected to expand at a robust CAGR of over 11% through 2025. When it comes to the entertainment industry, thermal paper has swiftly expanded its penetration in lottery and game ticket printing. Research alludes notable demand for entertainment tickets which is set to be witnessed in the wake of thriving sports, casinos and gaming industry in APAC and Europe.

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North America ruled the roost in thermal paper market share with a revenue share of over 30% in 2018. The rise of thermal paper industry was mainly attributed to rigorous guidelines to spot and display even subtle information of logistics, prescription drugs and packed food products. Nonetheless, the California Department of Consumer Affairs Board of Pharmacy sanctioned e-pedigree law in 2016 to streamline labelling, packaging and transactional details across supply chain. Further, unique 2D data printing matric codes underpinning thermal receipts have been aiding data maintenance on shipping products in digital forms.

Moreover, FDA is ameliorating package serialization, regular implementation, and variable data codes to manage the spread of unhealthy domestic and imported food. It is believed that soaring popularity of thermal transfer technology meant for printing on flexible packaging materials such as paper labels, plastic, foil films, namely, is anticipated to impel thermal paper market revenue.

Amid stiff competition and imperceptible profit margins, prominent companies are vying to offer new products and services. With thermal papers being environment friendly, they are turning out to be economical and cost-effective to companies. Some of the prominent companies eyeing to propel thermal paper market value are Mitsubishi Paper Mills Limited, Oji Holdings Corporation, Koehlr Group, Hansol Paper, among others.

Author NameSunil Jha

Soaring millionaire population set to propel luxury eyewear market share

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As millennial and generation Z mindsets take center stage, luxury eyewear market is in the cusp of revolution. Given that companies view brands through the prism of Corporate Social Responsibility (CSR) and will be inclined to pay a premium for brands sharing their CSR values, they are prioritizing transparency and authenticity. Moreover, companies are vying to inject more innovation and creativity in production as well, augmenting luxury eyewear market trends.

Palpable rise in the number of High-Net-Worth Individual (HNWI) demography, along with sophisticated living standard is set to fuel luxury eyewear market outlook during the forecast period 2019-2025. It is widely perceived that high-end build material, superior product quality and personalization, special edition and designer products are focal aspects to woo HNWI demography.

With millennials and gen Z increasingly concerned towards UV ray protection, popularity of luxury eyewear with UVA and UVB protection has soared by leaps and bounds. Traction towards trending fashion, digitization and celebrity influence has been instrumental in spurring luxury eyewear market outlook.

Prolonged use of laptops and smartphones inevitably takes a toll on eye health, preying mostly on children and teenagers. For instance, more than 32% of German youngsters complained of bad eye health owing to incessant use of digital media. As such, awareness programs and routine eye check-ups are expected to augment the use of luxury lens, and bolster luxury eyewear market size.

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According to PRB’s 2019 World Population Data Sheet, India will outdo China as the world’s most populous country—with a projected 1.67 bn people set to live in India by 2050. Further, aging trends allude Asia and Europe to have some of the world’s oldest population, while Africa will be home to some of the youngest.

Accordingly, luxury eyewear market trends exhibit a sanguine picture for stakeholders contemplating investments in luxury frames and lenses landscape. Besides, hostile weather conditions in APAC and MEA will potentially uphold luxury eyewear market share. Further, booming tourism sector in countries, including Switzerland, France, Italy, Japan, UAE and Thailand will bolster the industry outlook.

Global Market Insights, Inc. predicts luxury eyewear market revenue to be valued at around US$ 52 bn and industry size to exceed 96 mn units by 2025.

Amid talks of vast chasm left by wealth inequality, soaring number of millionaires in North America and APAC has augured well for luxury eyewear market share. The U.S. has more than 15.3 mn millionaires, making approximately 4.6% of the U.S. population in 2018. The U.S. still leads in terms of number of millionaires with the country minting close to 40% of the world’s millionaires in the 2018. The U.S. luxury eyewear market size is slated to gain impetus from soaring number of millionaires and tax cuts.

Luxury eyewear market is rather fragmented with competitive scenario of the luxury eyewear market outlook projected to become intense. Prominent players, as such, are increasingly focusing on strategic alliance and innovative product development to embolden footholds and propel product porftolio.

Major players looking forward to bolster luxury eyewear market size include Gucci (Kerring S.A), Dolce & Gabbana Srl, Calvin Klein Inc., Porsche Design (Porsche SE), and Bulgaria (stylized as BVLGARI), among others.

Author NameSunil Jha

Perfluoropolyether market to garner substantial gains from the electrical & electronics segment

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The perfluoropolyether market outlook is primarily driven by its intense utilization in high performance lubricants which play a key role in maintaining machines and equipment efficiency. These lubricants reduce the wear and tear of mechanical equipment and offer exceptional stability when the machines are under operation.

Perfluoropolyether (PPFE) lubricant products ensure long term lubrication even under constant exposure to high temperatures which expands their application potential in manufacturing high temperature grease and oils. They are generally used for lubricating bearings, slides, bushes and heavy duty machines in order to enhance their functionality and extend component lifecycle. The growing prominence of heavy machinery across several industry verticals will create favorable circumstances for Perfluoropolyether market growth.

Electrical & electronics segment is anticipated to remain one of the key application avenues in the perfluoropolyether market during the forecast period. The electrical & electronics sector is majorly driven by the increasing adoption of home appliances and other consumer electronics, which will in turn foster utilization of thermally and chemically stable lubricants.

Hi-tech equipment consisting vacuum chambers include several components such as robotic arms, linear slides and platforms which require low volatility PFPE lubricants to seal pressure and eliminate the chances of outgassing, thus elongating the component life. Moreover, the product proves to be a boon for semiconductor equipment by offering them an extended lifecycle.

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PFPE lubricants exhibit good electrical and thermal insulation properties owing to which they find strong demand for lubricating vacuum pumps, water pumps and mechanical components such as bearings, chains, gearboxes used in numerous electrical appliances. Rising urbanization trends along with changing consumer lifestyle will encourage adoption of home appliances, driving the perfluoropolyether market share.

Europe is likely to emerge as a lucrative market for perfluoropolyether lubricants from 2019 to the end of 2025. The growth can be attributed to the proliferation of the automotive industry. PFPE oils and greases are indispensably used by the automobile manufacturers to ensure smooth drive and minimized rattles and squeaks in the vehicles.

In addition, the product offers high dielectric coefficient and good thermal conductivity which helps the battery sustain extreme temperatures from sitting nearer to an engine. Increasing shift toward hybrid and all electric vehicles pertaining to the deteriorating air quality and depleting fossil fuel reserves may foster the need of advanced lubricants, thus accelerating perfluoropolyether market demand.

European Union car manufacturers are anticipated to launch more than 214 electric car models by 2021 which should propel the industry growth. As per reliable reports, Europe perfluoropolyether lubricant market secured a revenue share of over USD 95 million in 2018 and is further expected to continue traversing alongside a positive growth graph through 2025.

PFPE lubricants are also deployed across the power generation sector as it helps improving the turbine efficiency by lubricating several components involved in the process, owing to their temperature resistant properties. Gas turbines are increasingly implemented for power generation pertaining to stringent regulations to curb carbon releases from the coal fired power plants, further supporting PFPE usage in power generation sector.

Manufacturers involved in the PFPE market are looking to expand their product portfolio for fulfilling the diversifying lubrication needs. Some of the major players working in perfluoropolyether market include Daikin Industries, Nye Lubricants, The Chemours Company, LUBRILOG SAS, HUSK-ITT Corporation, Jet lube, Miller-Stephenson, Inc. and Fluorotech USA. According to new research report by Global Market Insights, Inc., Perfluoropolyether Market size is presumed to exceed USD 480 million by 2025.

Author NameAmol Kothekar