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Fluorinated Oil Market By Fluid Type (Heat Transfer Fluid, Electronic Fluid, Vapor Phase Soldering Fluid, and Others), Application (Semiconductors, Vacuum Pump, Bearings, Chemical Manufacturing, Medical Appliances, Metalworking, Hydraulic, Instruments Fill Fluids, Solvents, and Others), End Use (Electrical and Electronics, Chemical Industry, Oil & Gas, Aerospace, Pharmaceutical, Food and Beverages, Nuclear Industry, Steel Industry, Paper & Pulp, and Others)- Global Opportunity Analysis And Industry Forecast, 2021-2027

Categories: Chemicals And Materials

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Fluorinated Oil Market Overview

Fluorinated Oil Market size is around $955.8 million in 2020 and is estimated to grow at a CAGR of 8.5% during 2021-2028. Fluorinated oils are employed in an application that requires thermal management. They have very rare and exceptional quality like they are chemically stable, non-flammable, non-toxic, and are compatible with both high and low temperatures. Fluorinated oil works well with a high range of elastomers, metals, and plastic. Droplet-based microfluidics is a crucial technology for modifying emulsions. The advancement of microfluidics has largely corresponded with the development of surfactant compositions in fluorinated oils. The water solubilities of these oils were determined from their ripening rates using the Lifshitz, Slyozov, and Wagner theory of Ostwald ripening. The rise in the usage of fluorinated oils for various applications like semiconductors, vacuum pumps, bearings, chemical manufacturing, and many others will drive market growth.

 

COVID-19 Pandemic

As a result of the pandemic's rise, refinery activity has decreased worldwide, resulting in supply shortages in a variety of end-use sectors. Because of the decline in supply and demand for oil and gas due to the COVID-19 epidemic, onshore and offshore production activities have been disrupted, mainly in North America and Europe, which is expected to slow the growth of the heat transfer fluids market. Post recovery of the economy in 2021 and 2022 is expected to boost demand for mineral oil-based heat transfer fluids. On the other hand, silicone and aromatics demand will be fueled by their widespread application in high-temperature industries, including chemical and plastic production.

 

Report Coverage

The report: "Fluorinated Oil Market- Forecast (2021-2028)" covers an in-depth analysis of the following segments of the Fluorinated Oil Industry.

By Fluid Type: Heat Transfer Fluid, Electronic Fluid, Vapor Phase Soldering Fluid, and Others.

By Application: Semiconductors, Vacuum Pump, Bearings, Chemical Manufacturing, Medical Appliances (Life support system), Metalworking, Hydraulic, Instruments Fill Fluids, Solvents, and Others.

By End Use: Electrical and Electronics, Chemical Industry, Oil & Gas, Aerospace, Pharmaceutical, Food and Beverages, Nuclear Industry, Steel Industry, Paper & Pulp, and Others.

By Geography: Global, North America, South America, Europe, Asia Pacific, and RoW.

 

Key Takeaways

  • The Asia Pacific dominates the Fluorinated Oil Market owing to the mature electric and electronic sector.
  • The market drivers and restraints have been assessed to understand their impact over the forecast period.
  • The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
  • The other key areas of focus include the various applications and end-use industry in Fluorinated Oil Market and their specific segmented revenue.

 

Drivers – Fluorinated Oil Market

  • The rise in Demand for Sustainable Devices

The industrialization has led to the increase in demand for fluorinated oil in various industries for different purposes. The rise in demand for fluorinated oils in advanced electric and electronic industries. The rise in demand for devices with new influencing technologies is leading the way, such as IoT (Internet of Things) and Artificial Intelligence in every field. According to JEITA's annual industries study, worldwide electronics and information technology industry production is expected to rise 2% year on year in 2020 to $2,972.7 billion, and 7% year on year in 2021 to $3,175.6 billion. Positive growth is predicted to continue as countries worldwide use remote information technology to improve remote and contactless interaction to curb the spread of COVID-19.

 

Opportunity – Fluorinated Oil Market

  • Ability to Replace Traditional Greases/Oil.

Fluorinated oil can replace traditional greases and oils where they can't be applied due to severe operating conditions. In addition, they are employed at temperatures ranging from +250°C to -90°C when a product requires low volatility, non-flammability, compatibility with oxygen, resistance to fuels and chemicals, and exceptional compatibility with plastics and elastomers. Fluorinated polymers are made up of carbon, fluorine, and oxygen, and their molecular structure varies depending on the ingredients used and the polymerization procedure used. Fluorinated oil is commonly employed in metallic surfaces that require corrosion resistance and stability.

 

Challenges – Fluorinated Oil Market

  • High Cost and Health Issues may restrain the growth of the fluorinated oil market.

Fluorinated lubricants are somewhat costly compared to petroleum-based oils and other synthetic oils, which can restrict the growth of the global market for fluorinated lubricants. At current pricing, the relative cost of fluorinated oil is around fifteen times that of more typical petroleum fuels. While fluorinated lubricants are considered non-toxic under normal operating conditions, the fluorinated lubricants emit fluorine gas at high temperatures, which can cause serious health problems

 

By Type - Segment Analysis

Heat Transfer Fluids held the largest share in the Fluorinated Oil Market in 2020. During the manufacturing of semiconductor devices, heat transfer fluids serve as coolants in chillers, removing excess heat. During semiconductor device testing, containers of heat transfer fluids are cooled or heated to the desired temperature into which the devices are immersed to test their integrity. In addition, when testing the function of devices, heat transfer fluids are used to remove the heat the devices generate while being tested. Heat Transfer Fluids are also used to attach semiconductor devices to circuit boards via solder, which may be melted by the vapor of a heat transfer fluid heated to its boiling point. Heat Transfer Fluids may also cool semiconductor devices and other devices or systems that generate high heat during operation.

 

By Application - Segment Analysis

Semiconductors held the largest share in the Fluorinated Oil Market in 2020. The semiconductors use fluorinated oils to provide electronic cooling, chamber cleaning, heating, connectors, process chamber, testing, wafer handling, and many others. The increasing demand for new technologies like artificial intelligence and the internet of things are driving semiconductors. Many companies spend a lot in research and development to generate new cutting-edge technologies and provide a smarter way. In 2019, the manufacturing sector recently slowed as the risk for a downturn due to the COVID-19 pandemic, which led to the temporary lockdown of all economic activities across the globe.

 

By End-Use - Segment Analysis

Electrical and Electronics will dominate the fluorinated oil market in 2020. The consumer market is increasing with an idea of sustainability and the growing demand to develop and manufacture new sustainable technologies. Electronics today have become compact, faster, sleeker, and also price competitive. The worldwide cell phones utilization is required to keep driving customer hardware development, normally upheld by the common substitution pattern of two years. Cell phone fields likewise direct developments and next moves in the remainder of shopper hardware applications. The ascent of associated machines, IoT, proficient gadgets owes it to the portability gained by our cell phones. The pervasiveness of electronics will continue growing in medical, aerospace and defense, automotive, and ever-present consumer electronics. There is a higher demand for interconnection, connected devices, broader bandwidth, secure networking, and storage in every area.

 

Geography - Segment Analysis

Asia Pacific region held the largest share in the Fluorinated Oil Market in 2020, owing to the region's increasing electric and electronic industries. According to JEITA, there is strong growth expected for electronic components and devices. The production increased from $275 billion to $517 billion in the global growth area of communications equipment, including smartphones, from $226.2 billion to $409 billion in the area of semiconductors; and from $591.3 billion to $921.8 billion in IT solution services. This, in turn, positively impacted the Fluorinated Oil Market in the Asia Pacific region. Apart from the electronics industry, the lubricants industry consumes fluorinated oil. According to Mosil Lubricants, Asia Pacific consumes around 14 million metric tons per year, and India is the third lubricant consumer after the United States and China. The increasing automotive industry and industrial growth are supporting the growth of lubricants in the Asia Pacific region.

 

Competitive Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Fluorinated Oil Market. Major players in the Fluorinated Oil Market are

  1. Daikin Industries
  2. Solvay SA
  3. The Chemours Company
  4. Asahi Glass Company
  5. Halo Carbons Products Corporation
  6. The 3M Company
  7. Shinochem Group
  8. Dupont
  9. Nano Science & Technology Co.
  10. Tianjin Hero-Land S&T Development Co., Ltd.
  • In August 2020, Total Lubrifiants acquired LUBRILOG SAS to strengthen its presence in the industrial lubricants market. The acquisition will strengthen the product portfolio of Total Lubrifiants and increase the customer base.

Chapter 1 Fluorinated Oil Market Overview


1.1 Product Overview and Scope of Fluorinated Oil


1.2 Fluorinated Oil Market Segmentation By Fluid Type


1.2.1 Heat Transfer Fluid


1.2.2 Electronic Fluid


1.2.3 Vapor Phase Soldering Fluid


1.3 Fluorinated Oil Market Segmentation by Applications


1.3.1 Semiconductors


1.3.2 Vacuum Pump


1.3.3 Bearings


1.3.4 Chemical Manufacturing


1.3.5 Medical Appliances (Life support system)


1.3.6 Metalworking


1.3.7 Hydraulic


1.4 Fluorinated Oil Market Segmentation by Regions


1.4.1 North America


1.4.2 China


1.4.3 Europe


1.4.4 Southeast Asia


1.4.5 Japan


1.4.6 India


1.5 Global Market Size (Value) of Fluorinated Oil (2015-2027)


 


Chapter 2 Global Economic Impact on Fluorinated Oil Industry


2.1 Global Macroeconomic Environment Analysis


2.1.1 Global Macroeconomic Analysis


2.1.2 Global Macroeconomic Environment Development Trend


2.2 Global Macroeconomic Environment Analysis by Regions


 


Chapter 3 Global Fluorinated Oil Market Competition by Manufacturers


3.1 Global Fluorinated Oil Production and Share by Manufacturers (2021 and 2021)


3.2 Global Fluorinated Oil Revenue and Share by Manufacturers (2021 and 2021)


3.3 Global Fluorinated Oil Average Price by Manufacturers (2021 and 2021)


3.4 Manufacturers Fluorinated Oil Manufacturing Base Distribution, Production Area and Product Type


3.5 Fluorinated Oil Market Competitive Situation and Trends


3.5.1 Fluorinated Oil Market Concentration Rate


3.5.2 Fluorinated Oil Market Share of Top 3 and Top 5 Manufacturers


3.5.3 Mergers & Acquisitions, Expansion


 


Chapter 4 Global Fluorinated Oil Production, Revenue (Value) by Region (2015-2021)


4.1 Global Fluorinated Oil Production by Region (2015-2021)


4.2 Global Fluorinated Oil Production Market Share by Region (2015-2021)


4.3 Global Fluorinated Oil Revenue (Value) and Market Share by Region (2015-2021)


4.4 Global Fluorinated Oil Production, Revenue, Price and Gross Margin (2015-2021)


4.5 North America Fluorinated Oil Production, Revenue, Price and Gross Margin (2015-2021)


4.6 Europe Fluorinated Oil Production, Revenue, Price and Gross Margin (2015-2021)


4.7 China Fluorinated Oil Production, Revenue, Price and Gross Margin (2015-2021)


4.8 Japan Fluorinated Oil Production, Revenue, Price and Gross Margin (2015-2021)


4.9 Southeast Asia Fluorinated Oil Production, Revenue, Price and Gross Margin (2015-2021)


4.10 India Fluorinated Oil Production, Revenue, Price and Gross Margin (2015-2021)


 


Chapter 5 Global Fluorinated Oil Supply (Production), Consumption, Export, Import by Regions (2015-2021)


5.1 Global Fluorinated Oil Consumption by Regions (2015-2021)


5.2 North America Fluorinated Oil Production, Consumption, Export, Import by Regions (2015-2021)


5.3 Europe Fluorinated Oil Production, Consumption, Export, Import by Regions (2015-2021)


5.4 China Fluorinated Oil Production, Consumption, Export, Import by Regions (2015-2021)


5.5 Japan Fluorinated Oil Production, Consumption, Export, Import by Regions (2015-2021)


5.6 Southeast Asia Fluorinated Oil Production, Consumption, Export, Import by Regions (2015-2021)


5.7 India Fluorinated Oil Production, Consumption, Export, Import by Regions (2015-2021)


 


Chapter 6 Global Fluorinated Oil Production, Revenue (Value), Price Trend by Type


6.1 Global Fluorinated Oil Production and Market Share by Type (2015-2021)


6.2 Global Fluorinated Oil Revenue and Market Share by Type (2015-2021)


6.3 Global Fluorinated Oil Price by Type (2015-2021)


6.4 Global Fluorinated Oil Production Growth by Type (2015-2021)


 


Chapter 7 Global Fluorinated Oil Market Analysis by Application


7.1 Global Fluorinated Oil Consumption and Market Share by Application (2015-2021)


7.2 Global Fluorinated Oil Consumption Growth Rate by Application (2015-2021)


7.3 Market Drivers and Opportunities


7.3.1 Potential Applications


7.3.2 Emerging Markets/Countries


 


Chapter 8 Fluorinated Oil Manufacturing Cost Analysis


8.1 Fluorinated Oil Key Raw Materials Analysis


8.1.1 Key Raw Materials


8.1.2 Price Trend of Key Raw Materials


8.1.3 Key Suppliers of Raw Materials


8.1.4 Market Concentration Rate of Raw Materials


8.2 Proportion of Manufacturing Cost Structure


8.2.1 Raw Materials


8.2.2 Labour Cost


8.2.3 Manufacturing Expenses


8.3 Manufacturing Process Analysis of Nano Diamond Battery


 


Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers


9.1 Fluorinated Oil Industrial Chain Analysis


9.2 Upstream Raw Materials Sourcing


9.3 Raw Materials Sources of Fluorinated Oil Major Manufacturers in 2021


9.4 Downstream Buyers


 


Chapter 10 Marketing Strategy Analysis, Distributors/Traders


10.1 Marketing Channel


10.1.1 Direct Marketing


10.1.2 Indirect Marketing


10.1.3 Marketing Channel Development Trend


10.2 Market Positioning


10.2.1 Pricing Strategy


10.2.2 Brand Strategy


10.2.3 Target Client


10.3 Distributors/Traders List


 


Chapter 11 Market Effect Factors Analysis


11.1 Technology Progress/Risk


11.1.1 Substitutes Threat


11.1.2 Technology Progress in Related Industry


11.2 Consumer Needs/Customer Preference Change


11.3 Economic/Political Environmental Change


 


Chapter 12 Global Fluorinated Oil Market Forecast (2021-2027)


12.1 Global Fluorinated Oil Production, Revenue Forecast (2021-2027)


12.2 Global Fluorinated Oil Production, Consumption Forecast by Regions (2021-2027)


12.3 Global Fluorinated Oil Production Forecast by Type (2021-2027)


12.4 Global Fluorinated Oil Consumption Forecast by Application (2021-2027)


12.5 Fluorinated Oil Price Forecast (2021-2027)


 


Chapter 13 Appendix    

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Personalize this Research

  • Market Size and Share from 2016 - 2027
  • Expected Market Growth Until 2027
  • COVID-19 Impact assessment on the market
  • Market Dynamics and Impact Analysis
  • Segment and region that will drive or lead the market growth and why
  • Industry activity comprising Mergers, Acquisitions, Expansion, etc.
  • Comprehensive Mapping of the Competitive Landscape
  • In-depth analysis of key sustainability strategies adopted by market players
  • Global and regional market trends – Current and Future
  • Value Chain Analysis
  • Porters Five Forces Analysis
  • Historical and Current Product Pricing
  • Country Cross-Segment Analysis
  • Company Profiling
  • Player Comparison Matrix

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Fluorinated Oil Market By Fluid Type (Heat Transfe...

RD Code : MC21