Press release
Polychlorotrifluoroethylene Market Top Leaders | Daikin Industries Ltd. (Japan), Arkema Group (France), Honeywell International Inc. (US), HaloPolymer (Russia), Saint-Gobain (France), Allied Chemical Corporation (US), Qingdao Hongfeng Si-F Science Ltd
Polychlorotrifluoroethylene Market
Market overview:
Polychlorotrifluoroethylene (PCTFE) is a homopolymer of chlorotrifluoroethylene with chemical formula (C2ClF3)n, where ‘n’ is the number of monomer units. PCTFE is a thermoplastic polymer of chlorofluoropolymer and offers excellent properties like high tensile strength, creep resistance, high compressive strength, superior thermal characteristics, no flammability, better moisture protection, high chemical resistance, and low coefficient of thermal expansion.
Recent developments in aerospace and pharmaceutical industries provide lucrative opportunities to the key players and new entrants. Increasing demand of polychlorotrifluoroethylene in the aerospace sector due to its lightweight, good retention of mechanical properties under a wide temperature range and chemical resistance has propelled its consumption in the production of valves, impellers, diaphragm, and plugs which is likely to drive the PCTFE market. Moreover, due to its moisture resistant characteristics, polychlorotrifluoroethylene is used for the production of moisture barrier films which are used to manufacture blister packaging in pharmaceutical companies.
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Target audience:
Traders and distributors of polychlorotrifluoroethylene
Polychlorotrifluoroethylene manufacturers
Potential investors
Production process industries
Raw material suppliers
Nationalized laboratories
Aerospace & pharmaceutical companies.
Polychlorotrifluoroethylene has extensive applications in various refrigeration applications due to its cryogenic properties which makes the product ideal in handling liquid oxygen and liquid nitrogen. Leading market players such as DAIKIN INDUSTRIES Ltd. produce PCTFE at a relatively reasonable cost which can be a threat to new market players. However, low-cost substitutes of polychlorotrifluoroethylene like polytetrafluoroethylene (PTFE), chlorotrifluoroethylene (CTFE), and ethylene tetrafluoroethylene (ETFE) is likely to hinder the market growth. Moreover, high cost of raw materials and low production volume may also restrain the market for polychlorotrifluoroethylene in the forecast period. Furthermore, polychlorotrifluoroethylene exhibits a relatively low thermal and chemical resistance as compared to its low-cost substitutes like PTFE (Polytetrafluoroethylene) which may limit its consumption in various industries to a considerable degree.
Global Key players:
The key players in the global polychlorotrifluoroethylene market are Daikin Industries Ltd. (Japan), Arkema Group (France), Honeywell International Inc. (US), HaloPolymer (Russia), Saint-Gobain (France), Allied Chemical Corporation (US), Qingdao Hongfeng Si-F Science Ltd (China), Welch Fluorocarbon Inc (US), and GAPI Group (Italy)
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Segmentation
The global polychlorotrifluoroethylene market has been segmented based on form, application, end-use industry, and region.
On the basis of form, the global poly-chlorotrifluoroethylene market has been classified as powder, pellet, and granule.
By application, the global polychlorotrifluoroethylene market has been segmented into films and sheets, tubes, wires and cables, coating, seals and gaskets, medical equipment, cryogenics, and others.
Based on end-use industry, the global polychlorotrifluoroethylene market has been categorized into pharmaceuticals, electrical and electronics, aerospace, oil and gas, and others.
The global polychlorotrifluoroethylene market has been studied across five regions, namely, Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
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