Engineered Fluids Market Report 2024-2033 | Size, Share, and Insights: A Holistic Overview

"The new report published by The Business Research Company, titled ""Engineered Fluids Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the engineered fluids market size has grown rapidly in recent years. It will grow from $1.23 billion in 2023 to $1.35 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The engineered fluids market size is expected to see strong growth in the next few years. It will grow to $1.89 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%.

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The Soaring Demand For Engineered Fluids In Aerospace Industry Growth
Increasing demand for engineered fluids in the aerospace industry is expected to propel the growth of the engineered fluids market going forward. The aerospace industry refers to the sector of the economy that is involved in the design, development, manufacturing, testing, operation, and maintenance of aircraft, spacecraft, and related systems and equipment. Engineered fluids are used in the aerospace industry for aircraft thermal management, ensuring precise control and temperature regulation in extreme conditions. For instance, in September 2023, according to the Aerospace Industries Association, a US-based trade association, the American aerospace and defense industry generated $952 billion in total sales in 2022, a 6.7% increase from 2021. Overall, the industry generated $418 billion in economic value, which amounts to 1.65% of the total nominal GDP of the United States, which is almost 7% higher than the previous year. Therefore, increasing demand for engineered fluids in the aerospace industry drives the engineered fluids market.

Increasing Focus On Introducing Advanced Thermal Fluids To Gain A Competitive Edge
Major companies operating in the engineered fluids market are increasing their focus on introducing advanced thermal fluids to gain a competitive edge in the market. Advanced thermal fluids refer to specialized substances designed to excel in the efficient transfer and management of heat in electric bikes. For instance, in June 2021, Castrol Limited, a UK-based oil company, launched a range of advanced e-fluids called Castrol ON. The range includes e-greases, e-thermal fluids, and e-transmission fluids. These e-fluids are specifically designed to improve the performance of electric vehicles compared to water-glycol indirect coolants. This advanced fluid is crucial to achieving consumer expectations for electric vehicles and ensuring reliable, safe, and efficient operation.

The engineered fluids market covered in this report is segmented -

1) By Type: Heat Transfer Fluids, Lubricants, Solvents, Other Types
2) By Polymer Type: Polytetrafluoroethylene (PTFE), Polyvinyl Fluoride (PVF), Polyvinylidene Fluoride (PVDF), Other Polymer Types
3) By End-User: Electrical And Electronics, Automotive, Chemical Industries, Power Generation, Oil And Gas, Other End-User Industries

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Major companies operating in the engineered fluids market report are ExxonMobil Corporation, Royal Dutch Shell, TotalEnergies SE, BP plc, BASF SE, Dow Chemical Company, Honeywell International Inc., Daikin Industries, Shin-Etsu Chemical Co.Ltd., Solvay S.A., Arkema Group, Wacker Chemie AG, Huntsman Corporation, The Chemours Company, Lubrizol Corporation, Kuraray Co. Ltd., Clariant AG, Momentive Performance Materials Inc., Croda International Plc, Hexion Inc., Houghton International Inc., Quaker Chemical Corporation, Halocarbon Products Corporation, Nye Lubricants Inc., AGC Chemicals Americas Inc., Interflon, Engineered Fluids Inc., F2 Chemicals Ltd., Chemtool Incorporated

Contents of the report:
1. Executive Summary
2. Engineered Fluids Market Report Structure
3. Engineered Fluids Market Trends And Strategies
4. Engineered Fluids Market - Macro Economic Scenario
5. Engineered Fluids Market Size And Growth
…..
27. Engineered Fluids Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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