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Perfluoropolyether Market Forecasts 4.3% CAGR, Aiming for US$ 1 Billion by 2029
A new research by Future Market Insights on the perfluoropolyether (PFPE) market includes global industry analysis 2014-2021 and opportunity assessment 2022-2029.
The report explores the perfluoropolyether market and provides the reader with analytical insights for the forecast period of 2022-2029. As per the findings of the report, the global perfluoropolyether market is projected to experience a steady growth over the forecast period, due to multiple driving factors including increasing aerospace, automotive and electronic manufacturing activities across geographies.
The global perfluoropolyether market reaching a value of about US$ 758.8 Million by the end of 2022, and increase at a CAGR of 4.3% during the forecast period of 2022-2029. This progress in the market is majorly propelled by the growing consumption of perfluoropolyether as lubricants for automotive, chemical and aerospace applications such as wheel bearing and vacuum pump, and for high temperature procedures.
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