Polychlorotrifluoroethylene Market To Gain High Demand From Aerospace Industry To Produce Valve Seats, Gaskets And Diaphragms Till 2025 | Million Insights

Polychlorotrifluoroethylene Market To Gain High Demand From Aerospace Industry To Produce Valve Seats, Gaskets And Diaphragms Till 2025 | Million Insights

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According to new report available with Million Insights, the global polychlorotrifluoroethylene (PCTFE) industry is predicted to grow at a CAGR of 4.0% in the forecast period, providing numerous opportunities for market players to invest in research and development of the market.

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.

Full Research Report On Global Polychlorotrifluoroethylene (PCTFE) Market Analysis available at: https://www.millioninsights.com/industry-reports/polychlorotrifluoroethylene-pctfe-market

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.

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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Market Segment:

Polychlorotrifluoroethylene Application Outlook (Revenue, USD Million, 2014 – 2025)
    • Films
    • Wires & Tubes
    • Coatings
    • Others

Polychlorotrifluoroethylene End-use Outlook (Revenue, USD Million, 2014 – 2025)
    • Pharmaceutical
    • Electrical & Electronics
    • Aerospace
    • Others

Polychlorotrifluoroethylene Regional Outlook (Revenue, USD Million, 2014 – 2025)
    • North America
        • U.S.
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • China
        • India
    • Central & South America
        • Brazil
    • The Middle East & Africa

Related Reports of This Category Available at Million Insights: https://www.millioninsights.com/industry/chemicals-and-materials   

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