Global Polychlorotrifluoroethylene Market Rising Size, Huge Business Growth Opportunities with COVID-19 Impact Analysis By 2026
Fluoropolymers are being utilized in a wide scope of uses that range from the aviation and protection industry to building and development. Polychlorotrifluoroethylene (PCTFE) can be characterized as a thermoplastic chlorofluoropolymer and is well known for the predominant properties that the polymer has, making it material to a wide scope of ventures. Thermoplastics are known to relax (becomes flexible and plastic) and dissolve when warmed. In dissolved structure, thermoplastics can be formed by different techniques, for example, expulsion, infusion shaping and thermoforming.
ChemIntel360’s global Polychlorotrifluoroethylene market study is a 120+ slide report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, and end-use industry perspective. The industry is expected to grow at a CAGR of 5.1% mainly due to increasing consumption of the chemical in the aerospace and electronics industry.
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High infiltration of existing substitutes like polytetrafluoroethylene (PTFE), chlorotrifluoroethylene (CTFE), and ethylene tetrafluoroethylene (ETFE) is probably going to be a danger to the market. Notwithstanding, the prevalent opposition, scraped area, durability, and high rigidity presented by the item are probably going to permit the business to counter this danger over the projected period.
Scope
This study contains global and regional market size data. The numbers are broken down by end-use industry (Aerospace, Electrical and Electronics, Pharmaceutical, and Others). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global Polychlorotrifluoroethylene market, which grew from US$X.X million in 2015 to US$X.X million in 2019, dropped marginally to US$ 526.25 million in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X million and increase to US$X.X million in 2026 at a CAGR of X.X%. Cumulatively the market is expected to value US$X.X million during the forecast period as compared to US$X.X million during the historical period.
Geographical Analysis
The dimethyl carbonate market size has spread worldwide, like North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Key Players
Some of the major players such as GAPI Group, Arkema Group, Allied Chemical Corporation, Daikin Industries Ltd., Welch Fluorocarbon Inc, Honeywell International Inc, Qingdao Hongfeng Si-F Science Ltd, HaloPolymer, Saint-Gobain.
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