Market Overview:
Polychlorotrifluoroethylene (PCTFE), sold under Kel-F or Neoflon, is an expensive, semi-crystalline, melt-processable thermoplastic. PCTFE has a unique mix of physical and mechanical qualities, including non-flammability, high optical transparency, chemical resistance, near-zero moisture absorption and outstanding electrical properties. Chemical apparatus, process equipment, cryogenic applications, valve seats, seals, gaskets, sight glasses (special process), laboratory equipment, medical equipment, gears, cams and bearings are examples of polychlorotrifluoroethylene PCTFE applications.
Market Size Growth Rate:
As per the research report by DataM Intelligence, the global polychlorotrifluoroethylene (PCTFE) market size was valued at USD YY billion in 2021; it is projected to reach USD YY billion by 2029, with growth at a CAGR of 3.9% over the forecast period 2022-2029. Radiation resistance, flammability and chemical resistance are all excellent properties of PCTFE, along with its temperature range of -400°F to 380°F. PCTFE has one of the lowest coefficients of thermal expansion compared to any unfilled fluoropolymer and is resistant to cold flow. PCTFE has a chemical structure similar to PTFE, but one chlorine atom in the repetition group replaces a fluorine atom. When dimensional stability is required, these features make it a good choice.
Market Drivers:
Due to its electrical properties, the rising demand for polychlorotrifluoroethylene (PCTFE) has fueled the PCTFE market. In semiconductors, polychlorotrifluoroethylene is widely used due to its excellent electrical characteristics. It has exceptional mechanical qualities, particularly in hardness and chemical resistance and can function in the most extreme temperature ranges.
Inflammability, optical transparency, chemical resistance and almost minimal moisture absorption are all characteristics of polychlorotrifluoroethylene. When chilled, it becomes translucent, stretchy and lightweight. Water-vapor barriers built of PCTFE films shield the phosphor coatings of electroluminescent lights.
Market Restraints:
A major restraint in front of the market is the availability of low-cost substitutes. Low-cost PCTFE substitutes such as polytetrafluoroethylene (PTFE), chlorotrifluoroethylene (CTFE) and ethylene tetrafluoroethylene (ETFE) are likely to stifle the growth of the PCTFE market due to their wide range of applications in various industries and their unique chemical and physical properties. For instance, PTFE is still preferable for dielectric strength and pure high-temperature applications.
PTFE has a higher score and as a non-stick material, PTFE ranks higher. As a result, cheaper alternatives with similar properties could be considered a major market restraint as such polymer tends to decrease the market demand for PCTFE, thereby diminishing the respective market’s production and similar market prospects.
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Market Opportunities
The PCTFE market is expected to gain many opportunities from the pharmaceutical sector. Pharmaceutical corporations anticipate more from emerging countries as they deal with expiring patents and pricing pressures in developed markets. Large emerging pharmaceutical markets are expected to grow faster than developed markets during the forecast period. Emerging countries generate a smaller share of revenues and earnings in pharma than other global businesses. Emerging markets account for 1.5 to 3 times more in a typical global consumer goods company than in a typical multinational pharmaceutical company.
These numbers show that emerging markets are still in their infancy and have much room for expansion. Since blisters are one of the most common forms of packaging in the pharmaceutical industry and PCTFE is primarily employed as a moisture protection film or coating in pharmaceutical blister packing due to its high water vapor barrier qualities and chemical stability, the growth of the pharmaceutical market in emerging economies could be considered a viable opportunity for the respective market. The price of PCFE compared to alternatives with similar properties such as PEEK could also further support the abovementioned factor.
COVID-19 Impact Analysis
The pandemic broke out for more than a year, sending shockwaves to virtually every aspect of existence. Many manufacturers of PCTFE also have responded in various ways to the COVID-19 pandemic to ensure business integrity and solidarity. Further, several manufacturers also took steps to ensure they achieved a competitive edge in the respective market during and post-pandemic scenarios. For instance, Fluorotherm is making extra efforts to protect employees and ensure that they compensate for some of the pandemic’s delays. The company announced that it is obligated to create high-quality fluoropolymer products, such as PCTFE, that serious aid in the fight against COVID-19.
Another instance is the price hike announced by Daikin America, Inc on July 15, 2019. Prices for Daikin Polyflon and Neoflon products were raised beginning September 1, 2019 or as contracts allow. All affected are PTFE fine powders, FEP, PFA, ETFE, EFEP, CPT, Coating Powder, Film, ND/AD and PCTFE products. Depending on the exact item, prices for these items will be raised by up to 20% or more. The company announced that the price rise is required for Daikin to progress toward investment economics, allowing it to justify continuing and new investments in production, technology, logistics and technical support services for its customers.
However, pharmaceutical companies expect more from emerging countries as they deal with expiring patents and pricing challenges in developed markets. Since blisters are one of the most common forms of packaging in the pharmaceutical industry, PCTFE is an effective moisture protection film or coating in pharmaceutical blister packing due to its high water vapor barrier qualities and chemical stability. As a result, the global polychlorotrifluoroethylene (PCTFE) market is expected to witness extensive growth in the post-pandemic market, particularly in emerging economies, due to the growth of pharmaceutical industries in these economies.
Market Challenges:
The rising environmental concerns are expected to hamper the polychlorotrifluoroethylene (PCTFE) market. The government’s strict rules on the production and use of fluoropolymers represent the biggest barrier to the PCTFE sector. The reason is that if they melt above their melting point, harmful gases are released into the atmosphere. It consequently inhibits market expansion. When overheated, polychlorotrifluoroethylene (PCTFE) can release harmful byproducts. When manufacturing and creating parts from fluoropolymers, precautions should be taken to eliminate any degradation products and off-gases that may be created.
Recent Developments in the Industry:
- In March 2021, Meridian Adhesives Group acquired two European adhesive providers for the electronics, medical, aerospace and automotive sectors, GENTEC and FT Polymer. Among the firms’ offerings are adhesives, encapsulants, coatings, UV-curing technologies and dispensing equipment. Meridian’s Electronics Division and Epoxy Technology Europe will benefit from the two firms’ collaboration.
- In May 2021, Solvay launched a new non-fluorosurfactant technology-based processing aid, Hylar 5000S and Tecnoflon LX and started its production at West Deptford, New Jersey, U.S. facility. The company has eliminated the use of fluorosurfactant process aids in U.S.
Market Segmentation:
As per the research analysis, the global polychlorotrifluoroethylene (PCTFE) market is segmented by application into films, wires & tubes, coatings and others.
- Films: The polymer also has a highly transparent Haze value of less than 1%. It has had great chemical resistance in acid, alkali and organic solutions for a long period. The wetting property of the polymer film is improved by using a corona treatment on one side. Thus, the mentioned features offered by PCTFE (polychlorotrifluoroethylene) help improve the packaging product’s physical and chemical behavior, accelerating the product’s demand in film applications.
- Wires & Tubes: The growing wires and cables industry has a direct role in the polychlorotrifluoroethylene (PCTFE) market. Growth in the global wire and cables market is expected to create huge market growth opportunities for products to grow in the forecast period. The primary reasons driving the cable and wires market are rising urbanization and expanding global infrastructure.
- Coatings: Polychlorotrifluoroethylene is also used as a coating in food pharmaceutical blister packaging due to its excellent water vapor barrier properties compared to other polymers and good chemical stability. Thus, improving pharmaceutical blister packaging has shown incremental opportunities for the PCTFE market to grow in the coating application.
- Others: PCTFE has one of the highest oxygen limiting indexes (LOI). PCTFE waxes, oils and greases with low molecular weights are used as inert sealants and lubricants. It’s also employed as gyroscope flotation fluids and thermoplastic plasticizers.
Geographical Classification:
According to the report, the global Polychlorotrifluoroethylene (PCTFE) market is divided into regions, i.e., North America, South America, Europe, Asia-Pacific and Middle East & Africa.
Global Polychlorotrifluoroethylene (PCTFE) Market:
Asia-Pacific is expected to have the fastest market growth in the PCTFE industry. The region is projected to maintain a significant market share due to growing markets such as China, India, Japan and South Korea, which have become appealing due to the development of indigenous industries, increased standards of goods and subsequent acceleration in exports.
China Polychlorotrifluoroethylene (PCTFE) Market: China dominated the region’s polychlorotrifluoroethylene (PCTFE) market in 2021. Medical and pharmaceutical products are among the largest markets for high-barrier films. They are expected to grow as healthcare spending rises and new drug formulations necessitate higher barrier packaging.
India Polychlorotrifluoroethylene (PCTFE) Market: India delivers more than 500 active pharmaceutical ingredients and has 60,000 generic names across 60 therapeutic categories. The Department of Pharmaceuticals’ “Pharma Vision 2020” aspires to make the country a hub for end-to-end drug innovation. In addition, there are 3,000 pharmaceutical businesses in the country, with over 10,500 manufacturing units.
Japan Polychlorotrifluoroethylene (PCTFE) Market: The electronics industry is an important element of the manufacturing sector for many East Asian economies and has shown a robust resurgence in the second half of 2020 after being heavily disrupted by interruptions caused by COVID-19. Polychlorotrifluoroethylene (PCTFE) is a promising material used in sealing applications for semiconductors. Therefore, the region has a huge potential for the Polychlorotrifluoroethylene (PCTFE) market that can be utilized in the electronics industry, particularly semiconductor chips.
Australia Polychlorotrifluoroethylene (PCTFE) Market: The growing demand for barrier films in pharmaceuticals and medical packaging has increased polychlorotrifluoroethylene (PCTFE)’s demand in the region.
Competitive Analysis:
The key players are adopting various growth strategies such as product launches, innovative technologies, acquisitions and collaborations, contributing to the global polychlorotrifluoroethylene (PCTFE) market. In April 2021, AFT Fluorotec Limited unveiled a new electronic shielding coating. The coating system is derived from PCTFE and shields electronic systems from EMF and RFI interference.
Major Companies:
Major market players contributing to the expansion include 3M, Daikin Industries Ltd, Honeywell International Inc, Solvay, Arkema, Fluorocarbon Group, Polyfluor Plastics B.V. and Others.
Additional Benefits Post Purchase:
1) Unlimited Analyst support for 1 year.
2) Any query regarding the scope offered will be addressed within 24- 48 hours.
3) An excel sheet with market numbers will be provided separately.
The Full Report has the below insights.
- The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2020-2021) and verifiable projections about market size during the forecast period (2022-2029).
- Visualize the composition of the global polychlorotrifluoroethylene (PCTFE) market segmentation by end-user, application and country, highlighting the key commercial assets and players.
- By End-User: Pharmaceuticals, Electrical & Electronics, Aerospace, Machining, Others
- By Application: Films, Wires & Tubes, Rod, Coatings, Others
- By Region: North America, South America, Europe, Asia-Pacific, Middle East & Africa
- Identify commercial opportunities in the global polychlorotrifluoroethylene (PCTFE) market by analyzing trends and co-development deals.
- The report also covers data insights on various industry forces such as porter’s five forces, regulations in each country, reimbursement scenario, technological advancements, PEST analysis and pricing analysis.
- Excel data sheet with thousands of the global polychlorotrifluoroethylene (PCTFE) market-level 4/5 segmentation data points.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
- The report will provide access to approximately 50+ market data tables, 40+ figures and close to 180 pages.
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