Report ID: UCMIG15E2186
Report ID:
UCMIG15E2186 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global polychlorotrifluoroethylene market is projected to grow at a compound annual growth rate (CAGR) of 4.0% over the forecast period, with an estimated market size of USD 537.3 million in 2019. PCTFE has better properties compared to other materials, such as improved moisture protection and temperature resistance, which is expected to drive its demand across various end-use industries. The aerospace industry is anticipated to be a major growth driver for the PCTFE market due to the increasing use of the material in the manufacturing of valve seats, plugs, diaphragms, and impellers.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15E2186