28th November 2019 – 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 electrical, aerospace, and chemical industries.
It is like Teflon with small change in chemical structure. PCTFE offers
exclusive mixture of mechanical and physical properties.
Polychlorotrifluoroethylene (PCTFE)
boasts of 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 light weight thermal
resistance.
On the other hand, there are factors
that may hamper the growth of the market such as 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 market growth.
Polychlorotrifluoroethylene market is anticipated to grow at a significant CAGR
of 4.0% in the upcoming period as the scope, product types, and its
applications are increasing across the globe.
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Polychlorotrifluoroethylene (PCTFE)
industry may be explored by product form, applications, end user and geography.
The market may be explored by application 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, 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 anticipated to
maintain its dominance by 2025. These 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 in order to boost the inorganic growth of the
industry.
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