The global perfluoropolyether market is anticipated to grow at a considerable CAGR of 6.7% during the forecast period (2022-2028). Rising consumer preferences for air transport coupled with growing demand from end-use sectors such as airlines, aerospace, chemicals, power, and electronics are increasing the global perfluoropolyether market. According to International Civil Aviation Organization (ICAO), the aviation sector is growing fast and will continue to grow. The most recent estimates suggest that demand for air transport will increase by an average of 4.3% per annum over the next 20 years. By mid-2030s no fewer than 200,000 flights per day are expected to take off and land all over the world.
Browse the full report description of “Perfluoropolyether Market Size, Share & Trends Analysis Report by Product (Pfpe-K, Pfpe-M, Pfpe-Z, Pfpe-Y, Pfpe-D), by Type (Oil, Grease), and by End-User (Automotive, Aerospace, Electronics, Chemicals & Petrochemical, Food Processing, Metal Processing, Medical Industry Equipment, Power Generation, Textile, Pulp and Paper, and Others) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/perfluoropolyether-market
According to International Air Transport Association (IATA) latest data:
• Total demand for air travel in April 2022 (measured in revenue passenger kilometers or RPKs) was up 78.7% compared to April 2021 and slightly ahead of March 2022’s 76.0% year-over-year increase.
• International revenue passenger kilometers or RPKs rose 331.9% versus April 2021,an acceleration over the 289.9% rise in March 2022 compared to a year ago.
• European carriers’ April international traffic rose 480.0% versus April 2021, substantially up over the 434.3% increase in March 2022 versus the same month in 2021.
• Asia-Pacific airlines saw their April international traffic climb 290.8% compared to April 2021, significantly improved on the 197.2% gain registered in March 2022 versus March 2021.
• Middle Eastern airlines had a 265.0% demand rise in April compared to April 2021, bettering the 252.7% increase in March 2022, versus the same month in 2021.
• North American carriers’ April traffic rose 230.2% versus the 2021 period, slightly above the 227.9% rise in March 2022 compared to March 2021.
These strong factors shows that the peoples are using more and more airlines to travel, hence boosting the demand for perfluoropolyether as it widely used in airlines as their primary function is to reduce friction among a piston engine's moving parts, but they also perform a number of other roles too. Lubricants fulfill tasks like flushing out contaminants and preventing dirt particles from sticking together to form sludge. This keeps the engine clean and the pistons running smoothly. Hence, due to these the market for perfluoropolyether is growing the forecast period.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product
o By Type
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Daikin Industries, Ltd., The Dow Chemical Co., DuPont de Nemours, Inc., ACG Group, The Chemours Company LLC and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Perfluoropolyether Market Report Segment
By Product
By Type
By End-User
Global Perfluoropolyether Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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