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Polychlorotrifluoroethylene Market Trends

Report ID: GMI6526
Published Date: Aug 2023
Report Format: PDF

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Polychlorotrifluoroethylene Market Trends

PCTFE's unique combination of properties, including resistance to extreme temperatures and chemicals, made it a preferred choice for aerospace applications. The aerospace industry's demand for reliable and durable materials was driving growth in the PCTFE market. PCTFE's electrical insulation properties were driving its adoption in the electronics industry for applications such as cable insulation, connectors, and insulators, particularly in high-performance and critical electronics.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for polychlorotrifluoroethylene reached USD 588.3 million in 2023 and will garner USD 785.3 million in revenue by 2032 due to increasing application in extreme environments, including aerospace and industrial settings worldwide.

Polychlorotrifluoroethylene market size from the chemical processing segment registered 40% share in 2022 and will witness substantial growth by 2032 on account of its exceptional chemical resistance.

North America polychlorotrifluoroethylene recorded USD 113.6 million in 2022 and is expected to garner significant CAGR from 2023-2032 owing to the presence of significant aerospace and defense sector in the region.

Honeywell International Inc., Chemours Company, 3M Company, Daikin Industries Ltd., Asahi Glass Co., Ltd., Solvay S.A., Arkema Group, Shanghai 3F New Materials Co., Ltd., Kureha Corporation, and Halopolymer OJSC, are some of the major polychlorotrifluoroethylene companies worldwide.