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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