The global Polychlorotrifluoroethylene (PCTFE) Market is anticipated to reach USD 683.1 million by 2025. Polychlorotrifluoroethylene (PCTFE) is an artificial resin developed by the polymerization of chlorotrifluoroethylene. It is extremely resilient to high chemicals and temperature. Polychlorotrifluoroethylene (PCTFE) is mainly used for specialty applications in the electrical, aerospace, and chemical industries. It is like Teflon with small changes in chemical structure. PCTFE offers an exclusive mixture of mechanical and physical properties.
Polychlorotrifluoroethylene (PCTFE) boasts high optical transparency, non-flammability, near-zero moisture absorption, and chemical resistance. Once cooled, Polychlorotrifluoroethylene gets transparent, lighter, and more elastic. The factors that drive the growth of the Polychlorotrifluoroethylene industry include increasing demand for polychlorotrifluoroethylene (PCTFE) in the aerospace industry to produce valve seats, gaskets, and diaphragms because of its superior and lightweight thermal resistance.
On the other hand, some factors may hamper the growth of the market such as the high cost of raw materials and comparatively lesser production volumes of PCTFE in comparison with its counterparts. Additionally, low chemical and thermal resistance as compared to low-cost replacements such as PTFE is anticipated to hinder the market growth. The Polychlorotrifluoroethylene market is anticipated to grow at a significant CAGR of 4.0% in the upcoming period as the scope, product types, and applications are increasing across the globe.
Polychlorotrifluoroethylene (PCTFE) industry may be explored by product form, applications, end-user, and geography. The market may be explored by applications as Films, Coatings, Wires & Tubes, and Others. The “PCTFE Films” dominated the PCTFE Market in 2017 and anticipated to maintain its dominance by 2025. The usage in the pharmaceutical industry to offer moisture resistance to drugs. In addition, the growing use of the product in manufacturing blister packing is anticipated to drive the demand in the years to come.
The market may be explored by end-user as Pharmaceutical, Aerospace, Electrical & Electronics, and Others. The “Pharmaceutical” dominated the PCTFE industry in 2016 and is anticipated to maintain its dominance by 2025. This may be because it can resist the drugs against temperature, moisture, and UV radiation. Also emerging pharmaceutical industries in developing countries as rising awareness regarding consumer health may positively influence the market in the years to come. The industry may be explored by product form as Powder, and Granule.
Asia-Pacific accounted for the major share of the Polychlorotrifluoroethylene (PCTFE) Market Size in 2016 and will continue to lead in the forecast period due to factors such as increasing pharmaceutical, electronics, and aerospace industries and huge investments in R&D aimed at achieving higher performance and efficiency of the product are triggering industry development.
Some of the key players that fuel the growth of the Polychlorotrifluoroethylene (PCTFE) industry include Arkema, Honeywell, Zhejiang Juhua, DuPont, HaloPolymer, Solvay, Daikin, 3M(Dyneon), AkzoNobel, Allied Chemical Corporation, Xinhua Chemistry, and Qingdao Hongfeng Si-F Science. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures to boost the inorganic growth of the industry.
Polychlorotrifluoroethylene Application Outlook (Revenue, USD Million, 2014 - 2025)
• Wires & Tubes
Polychlorotrifluoroethylene End-use Outlook (Revenue, USD Million, 2014 - 2025)
• Electrical & Electronics
Polychlorotrifluoroethylene Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• the Asia Pacific
• Central & South America
• The Middle East & Africa
Research Support Specialist, USA
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