The Market for perflouroalkoxy alkane (PFA) is expected to grow at a CAGR of over 5% during the forecast period. One of the key factors driving the market growth is the increasing demand for high and ultra-high-purity PFA in critical fluid transport tubing applications. However, rising environmental concerns and stringent regulations are likely to restrain the market.
Key Market Trends
Chemical Processing Application to Dominate the Market
Asia-Pacific to Dominate the Market
Competitive Landscape
The global perfluoroalkoxy (PFA) market is majorly consolidated in nature, with the top five or six players accounting for more than 80% of the market. The major players of the market include The Chemours Company, AGC Inc., Solvay, Daikin Industries Ltd., and Mitsubishi chemicals, among others.
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- Increasing application of PFA Resin in the semiconductor industry is also a key driving factor for the market studied.
- Growing Prominence of PFA Labware is likely to provide a major growth opportunity for the PFA market in the coming years.
- Asia-pacific is likely to dominate the global PFA market during the forecast period.
Key Market Trends
Chemical Processing Application to Dominate the Market
- Perfluoroalkoxy (PFA) has a wide range of applications in the chemical processing industry, as the product is resistant to thermal- and mechanical-shocks and is non-brittle in nature.
- Corrosion is the key factor to equipment failures, reduction in processing efficiencies, leakages and emissions, and production delays in chemical processing and manufacturing operations, thus enhancing equipment costs and ultimately leading to higher production cost. In order to cut down the cost and reduce the rate of corrosion, sustainable solutions, such as perfluoroalkoxy, are used at a greater extent in these industries.
- Components made of PFA resins provide excellent corrosion resistance over a wide range of temperatures. PFA is more economical and universal than other metals and alloys.
- Seals, O-rings, gaskets, braided packing, mechanical seals, valve seats, valve stem packing, lined valve, fittings, pumps, sight glasses, flow meters, lined pipes, dip pipes, columns, tanks, expansion joints, bellows, hose, tubing, convoluted tubing, filters, de-misters, strainers, column packing, heat exchanger tubing, and lining and trace heating cables are some of the applications of PFA in the chemical processing industry.
- Hence, the chemical processing application is likely to dominate the market during the forecast period.
Asia-Pacific to Dominate the Market
Competitive Landscape
The global perfluoroalkoxy (PFA) market is majorly consolidated in nature, with the top five or six players accounting for more than 80% of the market. The major players of the market include The Chemours Company, AGC Inc., Solvay, Daikin Industries Ltd., and Mitsubishi chemicals, among others.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Companies Mentioned
A selection of companies mentioned in this report includes:
- 3M
- AGC Inc.
- Daikin Industries Ltd
- Hubei Everflon Polymer Co. Ltd
- Li Chang Technology (Ganzhou) Co. Ltd
- Mitsubishi Chemical Europe GmbH
- Solvay
- The Chemours Company
- Zeus Industrial Products Inc
Methodology
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