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Global Polychlorotrifluoroethylene Market by Application (Coatings, Films, Wires & Tubes), by End Use (Electrical & Electronics, Aerospace, Pharmaceutical) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CM-74994
  • Author: Up Market Research
  • Rating: 4.5
  • Total Reviews: 97
  • No. Of Pages: 240
  • Format:
  • Pub. Date: 2021-10-21
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Industry Insights

The global polychlorotrifluoroethylene market size was estimated at USD 478.6 million in 2016, growing at a CAGR of 4% over the forecast period. Superior properties exhibited by polychlorotrifluoroethylene (PCTFE) over its counterparts including improved moisture protection as well as temperature resistance are expected to propel demand across end-use industries.

The PCTFE market will see a significant growth driver in the future as the product is increasingly used in aerospace to make valve seats, impellers, diaphragms and plugs. Polychlorotrifluoroethylene resins are gaining high demand for manufacturing moisture barrier coatings, which are increasingly used in drug manufacturing, thus promoting its use over the forecast period.

The pharmaceutical industry is expected to play a significant role in the U.S. The U.S. government is likely to increase its investments to lower drug imports, which will in turn boost the country's growth potential over the forecast period.

Due to an increase in raw materials prices in 2015, the product saw a substantial price increase. This prompted end-use industries and manufacturers to raise their product prices. However, prices stabilized in 2016 and will likely continue this trend over the forecast period due to stable polymer prices.

New entrants will face major challenges due to the dominance of Daikin Industries Ltd., a leading industry player. High product costs limit its potential in end-use markets, making it a major concern for investors new to the PCTFE sector.

High penetration of existing substitutes such as polytetrafluoroethylene (PTFE), chlorotrifluoroethylene (CTFE), and ethylene tetrafluoroethylene (ETFE) is likely to be a threat to the market. The product's superior resistance, toughness and tensile strength will likely allow the industry to combat this threat for the duration of the forecast period.

Application Insights

Due to their use in the pharmaceutical industry, PCTFE films are expected to see a 4.5% increase in demand from 2017-2025. The product is also used in blister packaging, which will likely drive demand during the forecast period.

PCTFE-based tubes and wires are extremely resistant to cold flow and have excellent dimensional stability over a wide temperature range. They are also resistant to moisture, low gas permeability and high rigidity. This makes them ideal for use in all end-use industries.

In 2016, the PCTFE coatings market was worth USD 103.3 millions. These coatings have superior properties like weather resistance, corrosion resistance and chemical resistance. This is why these coatings are expected to be in high demand in industrial applications.

Another use of PCTFE is in the manufacture of rods, waxes and oils. These products can be found in many fields, including high-pressure vacuum plants and automotive components.

End-use Insights

In 2016, the pharmaceutical segment was worth USD 104.3 millions. This is because the product can resist medicines against temperature and UV radiation. Furthermore, growth in pharmaceutical manufacturing in emerging economies on account of rising consumer health awareness is likely to positively impact the polychlorotrifluoroethylene market.

Aerospace accounted for 36.2%. Because of its light weight and durability, the product is highly sought after in aerospace manufacturing.

PCTFE products can be used in laboratory instruments, cryogenic processing equipment, nuclear plants and other radiation-prone equipment. PCTFE products are highly sought after because of their superior thermal and chemical resistance.

Regional Insights

From 2017 to 2025, Asia Pacific's demand is expected to grow at a 4.5% CAGR. Industry growth is being driven by the growing aerospace, electronics and pharmaceutical industries as well as large investments in R&D that aim to improve efficiency and product performance.

China was Asia's largest market, accounting for 43.6% in regional demand in 2016. China was the second-largest manufacturer of pharmaceutical ingredients in 2017 and the second-largest market for medicines worldwide. Industry growth is expected to be driven by high investments made by the Chinese government in drug production to meet rising domestic demand. The rapid expansion of the U.S. aerospace industry has fueled North America's growth. The market has also been benefited by the presence of major aerospace companies like Lockheed Martin, Boeing, and Airbus. The U.S. aerospace market was worth USD 25.9million in 2016, in terms of revenue.

In 2016, around 10.0% of global market share was held by Central, South America, Middle East and Africa. These regions will experience slower growth than the rest due to their lower use in different industries. PCTFE market growth has been slowed by low penetration of the product that can replace traditional fluoropolymers.

Polychlorotrifluoroethylene Market Share Insights

Companies like Arkema, Daikin Industries Ltd., E. I. du Pont de Nemours and Company, and Honeywell International Inc. have taken steps to increase production capacity in order to meet increasing demand.

As of 2017, Daikin Industries, Ltd. is the largest supplier of polychlorotrifluoroethylene in the world. It is a producer and distributor of PCTFE tubes, wires, and films. The company's operations are integrated throughout the value chain.

The Report Covers Certain Segments

The report provides a forecast of revenue and volume growth at the global, regional and country level. It also analyzes the most recent industry trends for each sub-segment from 2014 through 2025. For the purpose of this study, Up Market Research has segmented the global polychlorotrifluoroethylene market report based on application, end use, and region.

  • App Outlook (Revenue USD Million, 2014-2025)

    • Films

    • Tubes & Wires

    • Coatings

  • End-use Outlook (Revenue USD Million, 2014-2025)

    • Pharmaceutical

    • Electrical & Electronics

    • Aerospace

    • Other

  • Regional Outlook (Revenue USD Million, 2014-2025)

    • North America

      • The U.S.

    • Europe

      • The U.K.

      • Germany

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

These are the most frequently asked questions about this report

b. The global polychlorotrifluoroethylene (PCTFE) market is expected to grow at a compound annual growth rate of 4.0% from 2017 to 2025 to reach USD 683.1 million by 2025.

b. Aerospace application segment dominated the polychlorotrifluoroethylene (PCTFE) market with a share of 35.7% in 2019. This can be attributed to the increasing demand for plugs, diaphragms and valve seats in aerospace applications due to its lightweight and durability.

b. Some key players operating in the polychlorotrifluoroethylene (PCTFE) market include Daikin Industries Ltd.; Arkema; E. I. du Pont de Nemours and Company; and Honeywell International Inc.

b. Market growth is driven by rising demand for laboratory instruments, cryogenic processing equipment and nuclear plants due to their superior thermal and chemical resistance.

b. The global polychlorotrifluoroethylene (PCTFE) market size was estimated at USD 537.3 million in 2019 and is expected to reach USD 558.8 million in 2020.

Up Market Research published a new report titled “Polychlorotrifluoroethylene Market research report which is segmented by Application (Coatings, Films, Wires & Tubes), by End Use (Electrical & Electronics, Aerospace, Pharmaceutical), By Players/Companies Daikin Industries Ltd; Arkema; E I du Pont de Nemours and Company; and Honeywell International Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitlePolychlorotrifluoroethylene Market Research Report
By ApplicationCoatings, Films, Wires & Tubes
By End UseElectrical & Electronics, Aerospace, Pharmaceutical
By CompaniesDaikin Industries Ltd; Arkema; E I du Pont de Nemours and Company; and Honeywell International Inc
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages240
Number of Tables & Figures168
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Polychlorotrifluoroethylene Industry Outlook

Global Polychlorotrifluoroethylene Market Report Segments:

The market is segmented by Application (Coatings, Films, Wires & Tubes), by End Use (Electrical & Electronics, Aerospace, Pharmaceutical).

Polychlorotrifluoroethylene Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Polychlorotrifluoroethylene Market

Overview of the regional outlook of the Polychlorotrifluoroethylene Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Polychlorotrifluoroethylene Market Overview

Highlights of The Polychlorotrifluoroethylene Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Polychlorotrifluoroethylene Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Application:

                1. Coatings

                2. Films

                3. Wires & Tubes

        7. By End Use:

                1. Electrical & Electronics

                2. Aerospace

                3. Pharmaceutical

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Polychlorotrifluoroethylene Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
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  • Identifying Appropriate Advertising Appeals

Polychlorotrifluoroethylene Market Trends

Reasons to Purchase the Polychlorotrifluoroethylene Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polychlorotrifluoroethylene Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Polychlorotrifluoroethylene Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Polychlorotrifluoroethylene Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Polychlorotrifluoroethylene Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Polychlorotrifluoroethylene Market Size & Forecast, 2018-2028 
      4.5.1 Polychlorotrifluoroethylene Market Size and Y-o-Y Growth 
      4.5.2 Polychlorotrifluoroethylene Market Absolute $ Opportunity 


Chapter 5 Global Polychlorotrifluoroethylene Market Analysis and Forecast by Application
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Application
      5.1.2 Basis Point Share (BPS) Analysis by Application
      5.1.3 Absolute $ Opportunity Assessment by Application
   5.2 Polychlorotrifluoroethylene Market Size Forecast by Application
      5.2.1 Coatings
      5.2.2 Films
      5.2.3 Wires & Tubes
   5.3 Market Attractiveness Analysis by Application

Chapter 6 Global Polychlorotrifluoroethylene Market Analysis and Forecast by End Use
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by End Use
      6.1.2 Basis Point Share (BPS) Analysis by End Use
      6.1.3 Absolute $ Opportunity Assessment by End Use
   6.2 Polychlorotrifluoroethylene Market Size Forecast by End Use
      6.2.1 Electrical & Electronics
      6.2.2 Aerospace
      6.2.3 Pharmaceutical
   6.3 Market Attractiveness Analysis by End Use

Chapter 7 Global Polychlorotrifluoroethylene Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Polychlorotrifluoroethylene Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Polychlorotrifluoroethylene Analysis and Forecast
   9.1 Introduction
   9.2 North America Polychlorotrifluoroethylene Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Polychlorotrifluoroethylene Market Size Forecast by Application
      9.6.1 Coatings
      9.6.2 Films
      9.6.3 Wires & Tubes
   9.7 Basis Point Share (BPS) Analysis by Application 
   9.8 Absolute $ Opportunity Assessment by Application 
   9.9 Market Attractiveness Analysis by Application
   9.10 North America Polychlorotrifluoroethylene Market Size Forecast by End Use
      9.10.1 Electrical & Electronics
      9.10.2 Aerospace
      9.10.3 Pharmaceutical
   9.11 Basis Point Share (BPS) Analysis by End Use 
   9.12 Absolute $ Opportunity Assessment by End Use 
   9.13 Market Attractiveness Analysis by End Use

Chapter 10 Europe Polychlorotrifluoroethylene Analysis and Forecast
   10.1 Introduction
   10.2 Europe Polychlorotrifluoroethylene Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Polychlorotrifluoroethylene Market Size Forecast by Application
      10.6.1 Coatings
      10.6.2 Films
      10.6.3 Wires & Tubes
   10.7 Basis Point Share (BPS) Analysis by Application 
   10.8 Absolute $ Opportunity Assessment by Application 
   10.9 Market Attractiveness Analysis by Application
   10.10 Europe Polychlorotrifluoroethylene Market Size Forecast by End Use
      10.10.1 Electrical & Electronics
      10.10.2 Aerospace
      10.10.3 Pharmaceutical
   10.11 Basis Point Share (BPS) Analysis by End Use 
   10.12 Absolute $ Opportunity Assessment by End Use 
   10.13 Market Attractiveness Analysis by End Use

Chapter 11 Asia Pacific Polychlorotrifluoroethylene Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Polychlorotrifluoroethylene Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Polychlorotrifluoroethylene Market Size Forecast by Application
      11.6.1 Coatings
      11.6.2 Films
      11.6.3 Wires & Tubes
   11.7 Basis Point Share (BPS) Analysis by Application 
   11.8 Absolute $ Opportunity Assessment by Application 
   11.9 Market Attractiveness Analysis by Application
   11.10 Asia Pacific Polychlorotrifluoroethylene Market Size Forecast by End Use
      11.10.1 Electrical & Electronics
      11.10.2 Aerospace
      11.10.3 Pharmaceutical
   11.11 Basis Point Share (BPS) Analysis by End Use 
   11.12 Absolute $ Opportunity Assessment by End Use 
   11.13 Market Attractiveness Analysis by End Use

Chapter 12 Latin America Polychlorotrifluoroethylene Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Polychlorotrifluoroethylene Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Polychlorotrifluoroethylene Market Size Forecast by Application
      12.6.1 Coatings
      12.6.2 Films
      12.6.3 Wires & Tubes
   12.7 Basis Point Share (BPS) Analysis by Application 
   12.8 Absolute $ Opportunity Assessment by Application 
   12.9 Market Attractiveness Analysis by Application
   12.10 Latin America Polychlorotrifluoroethylene Market Size Forecast by End Use
      12.10.1 Electrical & Electronics
      12.10.2 Aerospace
      12.10.3 Pharmaceutical
   12.11 Basis Point Share (BPS) Analysis by End Use 
   12.12 Absolute $ Opportunity Assessment by End Use 
   12.13 Market Attractiveness Analysis by End Use

Chapter 13 Middle East & Africa (MEA) Polychlorotrifluoroethylene Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Polychlorotrifluoroethylene Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Polychlorotrifluoroethylene Market Size Forecast by Application
      13.6.1 Coatings
      13.6.2 Films
      13.6.3 Wires & Tubes
   13.7 Basis Point Share (BPS) Analysis by Application 
   13.8 Absolute $ Opportunity Assessment by Application 
   13.9 Market Attractiveness Analysis by Application
   13.10 Middle East & Africa (MEA) Polychlorotrifluoroethylene Market Size Forecast by End Use
      13.10.1 Electrical & Electronics
      13.10.2 Aerospace
      13.10.3 Pharmaceutical
   13.11 Basis Point Share (BPS) Analysis by End Use 
   13.12 Absolute $ Opportunity Assessment by End Use 
   13.13 Market Attractiveness Analysis by End Use

Chapter 14 Competition Landscape 
   14.1 Polychlorotrifluoroethylene Market: Competitive Dashboard
   14.2 Global Polychlorotrifluoroethylene Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Daikin Industries Ltd; Arkema; E I du Pont de Nemours and Company; and Honeywell International Inc
Segments Covered in the Report
The global Polychlorotrifluoroethylene market has been segmented based on

By Application
  • Coatings
  • Films
  • Wires & Tubes
By End Use
  • Electrical & Electronics
  • Aerospace
  • Pharmaceutical
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Daikin Industries Ltd; Arkema; E I du Pont de Nemours and Company; and Honeywell International Inc

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