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
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.
Report Scope
Attribute |
More Details |
Estimation base year |
2016 |
Actual estimates/Historical data |
2014 - 2016 |
Forecast period |
2017 - 2025 |
Representation of the market |
From 2017 to 2025, revenue in USD million and CAGR |
Regional scope |
North America, Europe and Asia Pacific, Central & South America, Middle East & Africa, Central & South America. |
Country coverage |
U.S., U.K., Germany, China, India, Brazil |
Report coverage |
Forecast revenue, company share, competitive landscape and growth factors and trend |
15% off customization scope (equivalent of 5 analyst working days). |
We will customize the report to provide you with any additional information that you require. |
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
What is the polychlorotrifluoroethylene market growth?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.
Which segment accounted for the largest polychlorotrifluoroethylene market share?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.
Who are the key players in polychlorotrifluoroethylene market?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.
What are the factors driving the polychlorotrifluoroethylene market?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.
How big is the polychlorotrifluoroethylene market?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 Attributes | Report Details |
Report Title | Polychlorotrifluoroethylene Market Research Report |
By Application | Coatings, Films, Wires & Tubes |
By End Use | Electrical & Electronics, Aerospace, Pharmaceutical |
By Companies | Daikin Industries Ltd; Arkema; E I du Pont de Nemours and Company; and Honeywell International Inc |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 240 |
Number of Tables & Figures | 168 |
Customization Available | Yes, 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 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.
Highlights of The Polychlorotrifluoroethylene Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Polychlorotrifluoroethylene Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Coatings
2. Films
3. Wires & Tubes
7. By End Use:1. Electrical & Electronics
2. Aerospace
3. Pharmaceutical
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 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