Worldwide Polychlorotrifluoroethylene Industry to 2029 - Key Drivers and Restraints
4 March 2021
Dublin, March 04, 2021 (GLOBE NEWSWIRE) -- The "Polychlorotrifluoroethylene Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029" report has been added to ResearchAndMarkets.com's offering.
The polychlorotrifluoroethylene market is set to reach US$ 795 million from around US$ 540 million in 2019. The market is expected to grow at the rate of 4% CAGR during the forecast period of 2021 to 2029.
China continues to be the largest market in the world for PCTFE owing to its large network of manufacturing centers and pharmaceutical companies. PCTFE is a high performance thermoplastic with excellent water vapor barrier properties. It is crystal clear and non inflammable with good heat and chemical resistance and also features excellent melt processability. Covid 19 impact on the PCTFE market was limited in relation to other markets. This was due to its application in crucial segments such as aerospace and healthcare. There was no direct impact in concern to the demand or supply other than minor shutdown of production and sales operations across countries. However, other macro factors impacting the overall environment had a large role to play in minor downsizing of the market growth during the forecast period.
Widening Application across Industries Promising Market Potential:
There has been significant transition with respect to its application has led to increased market revenues over the years. PCTFE that was once just used for laminating polymers is now an effective moisture barrier fir blister packing used in pharmaceutical. Similarly PCTFE which was once mere industrial product used in valves, chemical tanks etc has taken a leap into consumer applications with its use in semiconductors, LCD panels, Teflon coated products and so on. The resins of polychlorotrifluoroethylene are witnessing strong demand due its application as moisture barrier coating used in drug manufacturing. It is important to note the growth of the end user industries - for instance drug manufacturing market valued at US $325 billion in 2019 and is expected to grow over a CAGR of 14% from 2021 to 2029. Similar is the case with refrigeration market and Cryogenic application that is driving the market for PCTFE. PCTFE's applications that have stretched across various industries such as electrical and electronics, aerospace, healthcare and others have led to consistent increase in market revenues across the globe.
Pricing Factor Remains Major Concern for PCTFE Vs Other Polymers:
There has been a constant demand for new polymers considering the commercial and performance gaps of conventional polymers such as polyether ether ketone (PEEK) and polytetrafluoroethylene (PTFE). PCTFE therefore, stands superior in some aspects in comparison to conventionally polymers. PCTFE is superior in terms of tensile strength, versatility while processing and offer stability across wide range of temperature. In the process of finalization of polymers for a certain application lot of commercial and application analysis is performed and price remains one of the significant factors that impact the decision. PCTFE is priced higher than PTFE however, in environment that requires dimensional stability across wide range of temperature PCTFE becomes uncompromisable.
Large variety of Players Intensifying Market Competition
The level of competition among the market participants in this PCTFE market is significantly high. The nature of players includes big brands with multiple portfolio such as Honeywell to Akzo Nobel to niche players such as Chemours. Across timeline, there have been significant changes in the fluoropolymer market for instance Dupont spun of its fluoropolymer segment, which is now called as Chemours. 3M has stopped it production of KEL-F which is no longer available in the market. Therefore, there has been constant development in the market with changing dynamics of competitors. Such trends have resulted in the formation of niche and focused companies that cater to the need of specialized client base. Many companies are also focusing in strategic partnership to expand the product portfolio or to expand their market reach.
Historical & Forecast Period
This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2021 to 2029.
Key questions answered in this report
- What are the key market segments in current scenario and in the future by product categories
- What are the key market segments in current scenario and in the future by regions
- What is the key impact of Covid 19 over market revenues and market determinants in the PCTFE market?
- What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
- What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
- How to overcome the current market challenges and leverage the opportunities in each of the market segment?
- Who are the key players in the PCTFE market and what are their key product categories and strategies?
- What are the key strategies - mergers/acquisitions/R&D/strategic partnerships etc that companies are deploying to enhance market revenues and growth?
Key Topics Covered:
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Product
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Approach Adopted
18.104.22.168. Top-Down Approach
22.214.171.124. Bottom-Up Approach
1.4. Market Segmentation
1.5 Post Covid Impact
1.5.1 Economic analysis by geographic reason
1.5.2 Key parametric analysis of factor impacting the market post covid19
1.5.3 Mitigation strategies of Covid 19 and impact on the market
1.5.4 Estimation analysis- Precovid versus Post Covid
2. Executive Summary
2.1. Market Snapshot: Global Polychlorotrifluoroethylene (PCTFE) Market
2.2. Global PCTFE Market, by Application, 2019 (US$ Mn)
2.3. Global PCTFE Market, by End-use, 2019 (US$ Mn)
2.4. Global PCTFE Market, by Geography, 2019 (US$ Mn)
3. Market Dynamics
3.1.1. Global PCTFE Market Value, 2019-2029, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2019
3.4. Market Positioning of Key Players, 2019
3.4.1. Major Strategies Adopted by Key Players
4. Global Polychlorotrifluoroethylene (PCTFE) Market, by Application, 2019-2029(US$ Mn)
4.3. Wires & Tubes
5. Global Polychlorotrifluoroethylene (PCTFE) Market, by End-use, 2019-2029(US$ Mn)
5.3. Electrical & Electronics
6. North America Polychlorotrifluoroethylene (PCTFE) Market Analysis, 2019-2029(US$ Mn)
6.1.1. North America PCTFE Market Value and Growth, 2019-2029, (US$ Mn)
6.2. North America PCTFE Market Value, By Application, 2019-2029(US$ Mn)
6.2.1. Market Analysis
6.3. North America PCTFE Market Value, By End-use, 2019-2029(US$ Mn)
6.3.1. Market Analysis
6.4. North America PCTFE Market Value, By Region/Country, 2019-2029(US$ Mn)
6.4.1. Market Analysis
6.4.3. Rest of North America
7. Europe Polychlorotrifluoroethylene (PCTFE) Market Analysis, 2019-2029(US$ Mn)
7.1.1. Europe PCTFE Market Value and Growth, 2019-2029, (US$ Mn)
7.2. Europe PCTFE Market Value, By Application, 2019-2029(US$ Mn)
7.2.1. Market Analysis
7.3. Europe PCTFE Market Value, By End-use, 2019-2029(US$ Mn)
7.3.1. Market Analysis
7.4. Europe PCTFE Market Value, By Region/Country, 2019-2029(US$ Mn)
7.4.1. Market Analysis
7.4.5. Rest of Europe
8. Asia Pacific Polychlorotrifluoroethylene (PCTFE) Market Analysis, 2019-2029(US$ Mn)
8.1.1. Asia Pacific PCTFE Market Value and Growth, 2019-2029, (US$ Mn)
8.2. Asia Pacific PCTFE Market Value, By Application, 2019-2029(US$ Mn)
8.2.1. Market Analysis
8.3. Asia Pacific PCTFE Market Value, By End-use, 2019-2029(US$ Mn)
8.3.1. Market Analysis
8.4. Asia Pacific PCTFE Market Value, By Region/Country, 2019-2029(US$ Mn)
8.4.1. Market Analysis
8.4.5. Rest of Asia Pacific
9. Rest of the World Polychlorotrifluoroethylene (PCTFE) Market Analysis, 2019-2029(US$ Mn)
9.1.1. Rest of the World PCTFE Market Value and Growth, 2019-2029, (US$ Mn)
9.2. Rest of the World PCTFE Market Value, By Application, 2019-2029(US$ Mn)
9.2.1. Market Analysis
9.3. Rest of the World PCTFE Market Value, By End-use, 2019-2029(US$ Mn)
9.3.1. Market Analysis
9.4. Rest of the World PCTFE Market Value, By Region, 2019-2029(US$ Mn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.3. Latin America
10. Company Profiles
10.9. Fluorocarbon Company Ltd
10.10. Lima Srl
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