The global Polychlorotrifluoroethylene Market was valued at $512.54 Million in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $700.23Million.
Polychlorotrifluoroethylene is the homopolymer of chlorotrifluoroethylene which includes low deformation under load & high compressive strength. PCTFE doesn’t absorb moisture & has extremely low gas permeability. In starting period, it was produced by 3M but has been discontinued now it was produced by Daikin under the trade name of Neoflon. PCTFE has high compressive strength with exceptional resistance to cold flow & is optically transparent. It is highly fluorinated resin with nonflammable& resists more corrosive chemicals. It also maintains its outstanding electrically insulating capability through thermal cycling & high humidity environments. PCTFE is used in many applications like in aerospace & flight, laboratory, instrumentation and some common application such as film in food & pharmaceuticals, valve, seals, cryogenics.
“Optimal Price Point (OPP) for Polychlorotrifluoroethylene”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Polychlorotrifluoroethylene materials are available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Polychlorotrifluoroethylene Market by “Application Categories”
We have segmented the Polychlorotrifluoroethylene based on application categories as Films, Wires & Tubes and Coatings.
We have observed the significant growth of Polychlorotrifluoroethylene market by the application of PCTFE wires & tubes which dominate the market. It is quietly used in pharmaceutical industry for maintaining temperature with exceptional resistance to cold flow which boosts the market over the forecast period.
Polychlorotrifluoroethylene Market by “End-Use”
We have segmented the Polychlorotrifluoroethylene market based on end use are Pharmaceutical, Electrical & Electronics, Aerospace.
We have observed the significant growth of Polychlorotrifluoroethylene by the end use of the pharmaceutical industry which is expected to raise the demand of the product because of its chemical stability which acts a protective barrier against chemicals. It maintains moisture, temperature & provides resistance from UV radiation. Hence it is expected to raise the demand forPolychlorotrifluoroethylene during the forecast period.
Asia Pacific accounted for the maximum revenue share of over xx% in 2017 due to increased demand of Polychlorotrifluoroethylene market followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
The key regions analyzed in the study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. In 2017, Asia Pacific held the largest share for Polychlorotrifluoroethylene market due to the demand for the application in Films, Wires & Tubes, Coatings. North America is expected to have the highest growth & this would be followed by Europe.
Rising demands for Films, Wires & Tubes, Coatings& rising the end use of Pharmaceutical, Electrical & Electronics, Aerospace industries generate a demand for Polychlorotrifluoroethylene. We are observing that Polychlorotrifluoroethylene are a good option as it can create a good impact on the Pharmaceutical, aerospace & automotive industries.
“Competitive Landscape”and“Merger & Acquisition Insights”
The key market participants include Honeywell International Inc,E. I. du Pont de Nemours,and Company, Arkema, Daikin Industries Ltd, Welch Fluorocarbon Inc, GAPI Group, Allied Chemical Corporation, AkzoNobel are few major players in Polychlorotrifluoroethylenemarkets. The polychlorotrifluoroethylene market is fragmented with a large number of global & local players. Merger & Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation & new product development are a major focus area for dominant companies.
Polychlorotrifluoroethylene Market by application Categories (Revenue, Million, 2014 – 2025)
- Wires & Tubes
Polychlorotrifluoroethylene Market byEnd-use (Revenue, Million, 2014 – 2025)
- Electrical & Electronics
Polychlorotrifluoroethylene Market Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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