Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

What fueled the previous growth in the Engineered Fluids market?

The market size of engineered fluids has seen robust growth in the past few years. The market is projected to increase from $1.35 billion in 2024 to $1.48 billion in 2025, with a compound annual growth rate (CAGR) of 10.0%. Factors contributing to the growth in the past years include improved security measures, the proliferation of globalization and international travel, compliance with international standards and regulations, trends in biometric authentication, and measures against counterfeiting.

What will be the engineered fluids market size in the future?

Over the coming years, the engineered fluids market is anticipated to experience robust growth, reaching a value of $2.05 billion by 2029, expanding at a compound annual growth rate (CAGR) of 8.4%. Several factors are projected to fuel this growth during the forecast period, including initiatives related to e-government, the resurgence of global travel, cybersecurity implementations, the incorporation of blockchain technology, and efforts towards improved data privacy. Prominent trends during this period are expected to encompass the interoperability with mobile technologies, sustained technological innovation, the use of contactless and rfid technology, the digital transformation of identity documents, and the integration of mobile applications.

Get your engineered fluids market report here!

https://www.thebusinessresearchcompany.com/report/engineered-fluids-global-market-report

What main drivers are fueling expansion in the engineered fluids market?

The engineered fluids market growth is anticipated to be spurred by the burgeoning demand in the aerospace industry. This industry is a crucial part of the economy engaging in the design, manufacturing, testing, operation, and upkeep of aircrafts, spacecrafts and associated systems. In challenging conditions, engineered fluids are essential for precise control and regulatory thermal management in aircraft. The Aerospace Industries Association, based in the US, highlighted in September 2023 that the American aerospace and defense industry experienced a 6.7% increase from 2021, gaining a total of $952 billion sales in 2022. The industry contributed $418 billion to the economy, equating to 1.65% of the total nominal GDP of the United States, a rise nearly 7% from the previous year. Therefore, the engineered fluids market is being spurred by increasing demand within the aerospace industry. In the engineered fluids market, growth momentum is also anticipated due to surging demand in consumer electronics. These electronic devices and gadgets are designed for personal use, entertainment, and daily convenience purposes. Engineered fluids are utilized within consumer electronics for cooling and thermal management, thereby enhancing the performance and reliability of devices. The total production of electronic equipment in Japan hit $52,36,535 million (¥771,457 million), as per the Japan Electronics and Information Technology Industries Association in May 2023. Similarly, the production of consumer electronics escalated to $2,178,430 million (¥32,099 million) in May 2023, a significant increase from $1,714,724 million (¥25,268 million) in May 2022. Given the rising demand for consumer electronics, the engineered fluids market is expected to follow suit.

What key areas define the segmentation of the global engineered fluids market?

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

Subsegments:

1) By Heat Transfer Fluids: Synthetic Heat Transfer Fluids, Organic Heat Transfer Fluids, Inorganic Heat Transfer Fluids

2) By Lubricants: Mineral Oil-Based Lubricants, Synthetic Lubricants, Biodegradable Lubricants

3) By Solvents: Organic Solvents, Inorganic Solvents

4) By Other Types: Hydraulic Fluids, Refrigerants, Cleaning Fluids

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=13436&type=smp

Who are the dominant players expanding their reach in the engineered fluids market?

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

How are evolving market trends shaping engineered fluids Strategies?

Prominent businesses in the engineered fluids market are amplifying their efforts to debut Synmerse DC, an immersion cooling fluid, to establish a competitive advantage in the industry. Synmerse DC is an immersion cooling fluid specifically designed to dissipate heat efficiently by immersing electronic components into a thermally conductive fluid, enhancing the cooling capacity in data centers and industrial operations. For instance, Perstorp, a chemical firm based in Sweden, launched its novel immersion cooling fluid, Synmerse DC, in October 2024. This inventive product is aimed at augmenting cooling efficiency across various applications, such as data centers and industrial procedures. The goal of Synmerse DC is to assist in the development of sustainable cooling solutions while meeting the rising requirement for effective thermal control in contemporary technology settings.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13436

Which regions are emerging as leaders in the engineered fluids market?

Asia-Pacific was the largest region in the engineered fluids market in 2024. The regions covered in the engineered fluids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Browse Through More Similar Reports By The Business Research Company:

Metalworking Fluids Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/metalworking-fluids-global-market-report

Electric Vehicle Fluids Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/electric-vehicle-fluids-global-market-report

Drilling Fluids Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/drilling-fluids-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: