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Engineered Fluids (Fluorinated fluids) Market Grow By Leading Industry Players Daikin Industries, Solvay SA, The Chemours Company, 3M , Asahi Glass Company, Halocarbon Products Corporation, Halopolymer , F2 Chemicals ,IKV Tribology, Lubrilog Lubrication E
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The Engineered Fluids (Fluorinated Fluids) Market is estimated at US$ 854 Million in 2018 and is projected to reach US$ 1,304 Million by 2023, at a CAGR of 8.8% between 2018 and 2023. The market is driven by various factors such as increased thermal management issues in industries such as electronics &semiconductor, automotive, and aerospace. These properties enable fluorinated to perform under extreme conditions such as high pressure, oxidation-prone environment, and high temperature operating conditions.
“Electronics & semiconductor end-use industry is expected to register the highest CAGR in the global engineered fluids (fluorinated fluids) market during the forecast period.”
The semiconductor industry is expected to increase its revenue mainly by diversification into new technologies such as the Internet of things (IoT) and artificial intelligence (AI). A lot of companies are also investing in R&D to develop cutting edge technologies. Engineered fluids (fluorinated fluids) are used in applications such as electronics cooling, heating, testing, chamber cleaning, connectors, process chamber, and wafer handling.
“Heat transfer fluids segment is expected to register the highest CAGR in the global engineered fluids (fluorinated fluids)market during the forecast period.”
Heat transfer fluids maintain the temperature of a system and enhance energy savings by transferring heat from one system to another. They store heat to prevent the overheating of thermal devices by circulating the fluid through its mechanical parts. Important heat transfer fluid properties include low toxicity, low viscosity at low temperatures, high specific heat, thermal conductivity, and a high flash point. Increasing emphasis on energy savings due to awareness about energy conservation is expected to benefit the heat transfer fluids market.
“APACis projected to record the highest growth rateduring the forecast period.”
APAC is the largest engineered fluids (fluorinated fluids) market and is expected to continue until 2023. China isthe key market in the region. India is expected to witness the fastest growth rate, in terms of consumption, between 2018 and 2023.Currently, the global electronic chips market is dominated by China, Japan, and South Korea, in terms of production and revenues.
The breakup of primary interviews is given below.
• By Company Type - Tier 1 –25%, Tier 2 – 42%, and Tier 3 – 33%
• By Designation - C level – 20%, Director level – 30%, and Others – 50%
• By Region - Europe – 20%, APAC – 50%, North America – 10%,South America –10%. Middle East & Africa – 10%
Report Highlights:
• To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
• To forecast the market size of different segments with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), South America, and the Middle East & Africa
• To define, describe, and forecast the size of the engineered fluids (fluorinated fluids) market, in terms of value and volume
• To analyze the competitive developments, such as expansion, acquisition, and agreement
• To strategically profile the key players and comprehensively analyze their growth strategies
Top Key Players in the Engineered fluids (Fluorinated fluids) Market include are Daikin Industries (Japan), Solvay SA (Belgium), The Chemours Company (US), 3M (US), Asahi Glass Company (Japan), Halocarbon Products Corporation(US),Halopolymer (Russia), F2 Chemicals (UK), IKV Tribology (UK), Lubrilog Lubrication Engineering (France), Nye lubricants (US), and Interflon (Netherlands).
Competitive Landscape of Engineered fluids (Fluorinated fluids) Market :
1 Introduction
2 Competitive Leadership Mapping, 2017
2.1 Terminology/Nomenclature
2.1.1 Visionary Leaders
2.1.2 Dynamic Differentiators
2.1.3 Emerging Companies
2.1.4 Innovators
2.2 Strength of Product Portfolio
2.3 Business Strategy Excellence
3 Competitive Scenario
3.1 Expansion
3.2 Agreement
3.3 Acquisition
Research Coverage:
This research report categorizes the global engineered fluids (fluorinated fluids) market on the basis type,end-use industry, and region.The report includes detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints,and opportunities. Detailed analysis of the key market players provides insights into business overviews, services, key strategies, and recent developments associated with the market.
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