Polychlorotrifluoroethylene Market – Application, Industry Analysis, Size, Demand Forecast 2030
Overview:
Polychlorotrifluoroethylene (PCTFE) can be described as a
homopolymer of chlorotrifluoroethylene that exhibits a chemical formula of (C2ClF3)n,
where ‘n’ denotes the number of monomer units. PCTFE can be defined as a
thermoplastic polymer of chlorofluoropolymer and is rich with properties like
high chemical resistance, creep resistance, high tensile strength, superior
thermal characteristics, high compressive strength, better moisture protection,
no flammability, and low thermal expansion co-efficiency.
The global market is set to gain from its integration in the
aerospace and pharmaceutical industries where lucrative opportunities are
expected to shape the market. The integration would witness significant market
traction from several players. The product is lightweight which is spurring the
global market growth. It can also retain its mechanical properties under
diverse temperatures. Its chemical resistance is also superior. These features
are making market penetration easier for the global polychlorotrifluoroethylene
market. That is why it can be used in a better way in valves, diaphragm,
impellers, and plugs. Its moisture resistance makes it a good moisture barrier
and increases its intake in the packaging industry.
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The market for polychlorotrifluoroethylene may hit a slump
owing to its eco-friendly standard. However, its application refrigeration
technology can initiate better market prospects for the market.
Segmentation:
The global market for the polychlorotrifluoroethylene can be
studied by getting a chance to look at it from a closer distance. The report
incorporates segments that include form, application, and end-use industry.
By form, the global market report on polychlorotrifluoroethylene
includes pellet, powder, and granule.
By application, the global report on the polychlorotrifluoroethylene
market includes wires & cables, films & sheets, tubes, seals &
gaskets, coating, cryogenics, medical equipment, and others. These segments are
individually drawing in substantial amount of revenue, which can be backed
later for greater market penetration.
By end-use industry, the global market for polychlorotrifluoroethylene
incorporates electrical & electronics, pharmaceuticals, oil & gas, aerospace,
and others. These segments are making a significant contribution to the growth
of the global market.
Regional Analysis:
North America and Europe, these two markets are expected to
take the global market ahead considerably with their wide-scale percolation
into various associated industries. In North America, the aerospace industry is
all set to take the global market forward. Several major players in the region
are taking benefits of available features, and, in the process, are triggering
the regional market growth. The US and Canada are increasing their market
penetration by reaching out to a wide population. Europe’s growth would depend
more on the semiconductor industry that is supporting the growth of the electrical
and electronics industry. Germany, France, the UK, and others are making
significant progress in the market.
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The Asia Pacific market is all set to score big in the coming
days. Its demand would gain mileage from sectors like aerospace,
pharmaceutical, and electrical & electronics industries. In the research
and development sector, several companies and governments are making
investments to gain maximum leverage out of the market. China was leading the
market in 2017owing to its huge contribution in the pharmaceutical sectors. The
country is known as a manufacturer for both ingredients and products. Among
other countries, India, Australia, Japan, and New Zealand would contribute
substantially to regional market growth.
Competitive Landscape:
Companies taking part in the global
polychlorotrifluoroethylene market are quite aware of the possibilities in the
coming years and they are investing accordingly in developing the regional
market. These companies are Arkema Group (France), Daikin Industries Ltd.
(Japan), HaloPolymer (Russia), Honeywell International Inc. (US), Allied
Chemical Corporation (US), Saint-Gobain (France), Welch Fluorocarbon Inc (US),
Qingdao Hongfeng Si-F Science Ltd (China), and GAPI Group (Italy). MRFR
registered these companies to understand how far the market can transform
itself to gain profits on a global scale.
In February 2019, Honeywell introduced a new type of film
aclar accel that uses polychlorotrifluoroethylene as a contributing factor in
the production. This would considerably trigger the market percolation of the
product into the packaging industry.
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