Market Overview:
Polychlorotrifluoroethylene is a
thermoplastic polymer of chlorofluoropolymer. It offers excellent properties
like high tensile strength, creep resistance, better moisture protection, and others.
There was a price hike in last few years owing to increasing raw material
prices which obligated end-use industries to increase their product prices.
However, the prices stabilized in 2016, and this trend is expected to continue
during the assessment period on account of steady prices of polymer. Owing to
its water resistant and chemical stability, it has wide applications in blister
packaging, seals and gaskets, eyeglasses, tubes, and others.
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Based on form, the global
polychlorotrifluoroethylene market has been segmented into powder, pellet, and
granule. The powdered or pellet form of PCTFE can be prepared by treating an
aqueous suspension of chlorotrifluoroethylene with polymerization catalysts.
Whereas, the granular form is produced by suspension polymerization in an
aqueous medium with no dispersing agent. The powdered form of PCTFE has the
largest market share owing to its superior chemical and thermal
characteristics. NEOFLON PCTFE molding powder, a DAIKIN INDUSTRIES Ltd.
product, has various applications in the production of seals and gaskets,
laboratory ware, coatings for pipes, fittings, and valves. Additionally, recent
advances in the aerospace and pharmaceutical industries are expected to drive
the global PCTFE market.
Based on end-use industry, the
global polychlorotrifluoroethylene market has been segmented into
pharmaceuticals, electrical and electronics, aerospace, and others. Aerospace
sector accounted for the largest market share in global PCTFE market in 2017
due to its use in various end-use applications due to low outgassing value, low
inflammability, and light weight. PCTFE can retain its mechanical properties
under a wide temperature range and is chemically resistant to aggressive
chemicals which make it ideal for manufacturing valves, impellers, diaphragms
and plugs which propels the global polychlorotrifluoroethylene market.
Competitive Analysis
The key players in the global
polychlorotrifluoroethylene market are DAIKIN INDUSTRIES Ltd. (Japan), Arkema
Group (France), Honeywell International Inc. (US), HaloPolymer (Russia),
Saint-Gobain (France), Allied Chemical Corporation (US), Qingdao Hongfeng Si-F
Science Ltd (China), Welch Fluorocarbon Inc (US), and GAPI Group (Italy).
Market Segmentation
The global
polychlorotrifluoroethylene market has been segmented based on form,
application, end-use industry, and region.
On the basis of form, the global
polychlorotrifluoroethylene market has been segmented as powder, pellet, and
granule.
By application, the global
polychlorotrifluoroethylene market has been distributed into films and sheets,
tubes, wires and cables, coating, seals and gaskets, medical equipment,
cryogenics, and others.
Based on end-use industry, the
global polychlorotrifluoroethylene market has been categorized into
pharmaceuticals, electrical and electronics, aerospace, oil and gas, and
others.
The global polychlorotrifluoroethylene
market has been studied across five regions, namely, Asia-Pacific, North
America, Latin America, Europe, and the Middle East & Africa.
Regional Analysis
The global market for
polychlorotrifluoroethylene is studied for five key regions namely, Asia-Pacific,
North America, Latin America, Europe, and the Middle East & Africa.
Asia-Pacific is estimated to dominate the PCTFE market owing to increasing
demand from pharmaceutical, aerospace and electronics end-use industries. In
2017, China was the leading manufacturer of pharmaceutical ingredients and
ranked second in the production of medicines worldwide. North America is
another prominent region contributing mainly due to the growth in demand from
the aerospace sector. The US and Canada are the key countries aiding to the
growth of PCTFE market in this region. Europe is also expected to witness
growth due to the rapidly expanding semiconductor industry. Major contributors
from this region are Germany, the UK, France, Italy, and Spain. In Latin
America, Brazil and Mexico are the leading markets where growth can be
attributable to the recent advances in the aerospace and chemical industries.
Due to relatively less demand of application based end-use industry, the Middle
East & Africa region is likely to witness slack growth.
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