Dielectric Fluid Market: Overview
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A dielectric fluid can be defined as a dielectric material in
liquid state. Its key purpose is to prevent or rapidly quench electric
discharges.
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Dielectric liquids are employed as electric insulators in
high-voltage applications, for example, capacitors, transformers, high-voltage
cables, and high-voltage switchgears
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Dielectric fluids are also used in different liquid-filled
electric equipment to attain biodegradability, fire safety, oxygen stability,
and high performance over a wide range of temperatures
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A dielectric fluid can be used in the wire electrical discharge
machining (EDM) process, as it can act as a semiconductor placed between the
energized wire and the work piece to maintain stable and controlled conditions
for ionization in the spark gap
·
A dielectric fluid performs several key functions in the EDM
process. It cools heated surfaces of electrodes and exerts counter pressure
onto the expanding plasma channel. Moreover, the fluid isolates the tool
electrode from the work piece electrode for achieving high current density in
the plasma channel.
Key Drivers of Global
Dielectric Fluid Market
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A major driving factor for the global
dielectric fluid market is increasing use of transformers in various applications such
as residential, commercial, and industrial. Moreover, in order to reduce short
circuit and transmission losses during high-voltage transmission,
liquid-immersed transformers are used. These transformers have mineral oil as
an electric insulating medium.
·
Rise in the demand for clean fuels and limited availability of
naturally occurring uranium are expected to boost the demand for dielectric
fluid across the globe
·
Growth of the global aviation industry can also be considered a
driver of the global dielectric fluid market, as dielectric fluid is used in
the manufacture of several aerospace components
·
Rising scope for use of dielectric fluid in the tool & die
industry, the mold industry, regulators, hardware, and valves is expected to
drive the global dielectric fluid market during the forecast period
·
In the recent years, owing to several benefits of dielectric
fluid such as low viscosity, rapid heat dissipation, high flash point, and
oxidation resistance, the global market for dielectric fluid has expanded and
the trend is anticipated to continue throughout the forecast period
Key Developments and Policies
·
According to an article published in Automotive News Europe in
October 2019, Shell had plans to introduce a hydrocarbon fluid
·
In April 2018, Cargill presented its Envirotemp range of
dielectric fluids at the 2018 IEEE PES T&D Expo. The Envirotemp FR3 fluid
is a natural ester derived from renewable vegetable oils, which provides
improved fire safety, long transformer life, and environmental benefits.
·
In February 2017, Prolec GE developed VG-100 as a part of its
efforts to expand its portfolio of eco-friendly products. VG-100 is a natural
ester fluid made from soy seeds, which can be safely used in electric
transformers. This patented dielectric fluid is 100% biodegradable, completely
natural and non-toxic, and free from any additives or toxic compounds.
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Asia Pacific to be a
Key Market for Dielectric Fluid
·
In terms of region, the global dielectric fluid market can be
divided into North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa
·
Asia Pacific is expected to be a key market for dielectric fluid
during the forecast period. Rapid industrialization led by the government
support for growth of automotive and electrical industries is driving the
market in the region. Moreover, continuously growing population in the region
and increased interest of people in owning a vehicle are augmenting the use of
dielectric fluid in Asia Pacific.
·
In Europe, growth of the aerospace & defense industry is
driving the dielectric fluid market in the region
·
In Latin America, the automotive industry in major countries
such as Brazil and Mexico is witnessing significant growth. The industry uses
dielectric fluid as a lubricant and for cooling of fan assemblies in
automobiles. This factor is driving the dielectric fluid market in the region.
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Key Players in Global
Ma Dielectric Fluid Market
Key players operating in the global dielectric fluid market are:
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3M Company
·
DuPont
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Cargill, Incorporated
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PROLEC GE
·
M&I Materials Ltd.
·
NYCO
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Repsol S.A.
·
Shrieve Chemical Company
·
Soltex Inc. D.
·
Shell
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