Polychlorotrifluoroethylene (PCTFE) Market Demand, Growth And Development Trends By 2014 - 2025

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 trahttps://www.millioninsights.com/industry-reports/polychlorotrifluoroethylene-pctfe-market/request-samplensparent, 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.

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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.

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