Chlorotrifluoroethylene (CTFE) Market Size, Share, Growth, and Industry Growth by Type (Purity 99.9% and Purity 99.5%) By Application (Resin, Refrigerant, and Others), Regional Forecast To 2031

Updated On: 13 November 2023

Chlorotrifluoroethylene (CTFE) Market REPORT OVERVIEW

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The global chlorotrifluoroethylene (CTFE) market size was USD 198.7 million in 2022 and is projected to touch USD 263.79 million by 2031, at a CAGR of 3.2% during the forecast period.

Chlorotrifluoroethylene (CTFE) is a colorless gas at room temperature and It is equally poisonous with an LC50 (rat) at 4-hour exposure and a concentration of 4000 ppm. It has a serious temperature and pressure of 105.8 c and 4.03 MPa. Oxygen and liquid chlorotrifluoroethylene respond and produce peroxides at fairly low temperatures. A number of oxygenated products, such as chlorodifluoroacetylfluoride, are produced by the oxidation of CTFE. A similar response can arise photochemically in the vapor stage. Chlorotrifluoroethylene (CTFE) oxide is a by-product of this reaction. The bleaches act as initiators for the polymerization of CTFE, which can arise fiercely.

The chemical and physical properties of chlorotrifluoroethylene (CTFE) are mainly used in the chemical industry, where high corrosion resistance is necessary. The moderately fluorinated high-performance material chlorotrifluoroethylene (CTFE) is exceptionally chemically resistant, even in the alkaline range, features low flammability, is physiologically safe, and is extremely weather resilient. CTFE has outstanding substantial properties so it is appropriate for the most challenging necessities in tank and apparatus production.

COVID-19 Impact: Halt on Operations to Impede Product Demand

In the latest COVID-19 pandemic, the procedures of several industries have either been provisionally paused or are effective with a nominal staff owing to imposed lockdowns and forced limitations by respective governing agencies. The global chlorotrifluoroethylene (CTFE) market is no different, and this aspect is estimated to have a considerably negative impact on the profits of this sector. Furthermore, the high costs linked with the connection and repairs of this machinery is also a feature that may impede the profits of the global chlorotrifluoroethylene (CTFE) market growth during the forecast period.

LATEST TRENDS

"Increasing Demand in Wastewater Treatment to Propel Demand"

There is an excessive market demand for positive-charged tissue used to treat wastewater comprising positive-charged impurities. Based on the fact that the C–Cl bond drive in the molecular series of the PVDF-based poly (vinylidene fluoride-co-chlorotrifluoroethylene) (PVDF-CTFE) copolymer membrane is considerably inferior to the C–F bond. The method of manageable positive-charged alteration of PVDF-CTFE membrane exterior has been positively appreciated by using diethylenetriamine (DETA) a small molecule polyamine compound in mild conditions. The revised membranes were considered by X-ray photoelectron spectroscopy (XPS), zeta potential, and water contact angle, and the best condition for positive-charged adjustment was discovered. 

Chlorotrifluoroethylene (CTFE) Market Segmentation

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• By Type Analysis

By type, the market is segmented into Purity 99.9% and Purity 99.5%.

• By Application Analysis

Based on applications, the market is classified into Resin, Refrigerant, and Others.

DRIVING FACTORS

"Chemical Composition of CTFE to Drive Demand"

Chlorotrifluoroethylene (CTFE) is a chlorofluorocarbon with chemical formula CFCl=CF₂. CTFE has a carbon-carbon double bond and so can be polymerized to form polychlorotrifluoroethylene or copolymerized to produce the plastic ECTFE. It is normally used as a refrigerant in cryogenic uses. Chlorotrifluoroethylene is manufactured for commercial purpose by the dechlorination of 1,1,2-trichloro-1,2,2-trifluoroethane with zinc. PCTFE has the trade name Neoflon PCTFE from Daikin Industries in Japan and used to be manufactured under the trade name Kel-F from 3M Corporation in Minnesota.

"Increasing Application in Refrigerant to Expand Market Exponentially"

The increasing demand for refrigerants from the applications of commercial, domestic, and industrial refrigeration is likely to fuel market growth in the coming years. The growing demand for refrigerants in future applications has generated numerous prospects for its producers. A cold chain is a supply chain that contains of a sequence of storing and delivery events to uphold a particular temperature series. It includes two segments: refrigerated transport which uses refrigerator cars, rail, trucks, and containers, and surface storage which involves of refrigerated storerooms for keeping perishable products. 

RESTRAINING FACTORS

"Cost of Treatment and Government Guidelines to Hamper Market Growth"

Owing to the severe impairment that fluorocarbon refrigerants effect to the ozone layer, numerous governments and organizations are commanding rules to limit their use. Numerous nations have decided to phase out the use of HCFCs and HFCs by imposing restrictions on their consumption over numerous procedures and guidelines. These protocols limit the progress of the chlorotrifluoroethylene (CTFE) market.

Chlorotrifluoroethylene (CTFE) Market REGIONAL INSIGHTS

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"Asia Pacific to Dominate Market Owing to Presence of Prominent Players "

Asia Pacific dominates the global chlorotrifluoroethylene (CTFE) market share. This is due to the increasing demand from pharmaceutical, electrical & electronics businesses. Substantial funds from prominent players and R&D activities can also benefit the product improvement and encourage the growth of the CTFE market.

Europe is projected to have a significant growth in the global chlorotrifluoroethylene (CTFE) market owing to the progress in the semiconductor industry which supports the electrical and electronics sector in this region which is anticipated to fuel the total CTFE market. Germany, the UK, France, Italy, and Spain are the prominent countries contributing to the regional market development.

KEY INDUSTRY PLAYERS

"Key Players to Boost Demand Leading to Market Growth"

The report delivers information about the list of market players and their working in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for the global semiconductor silicon wafer market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Honeywell (U.S.)
• Daikin (Japan)
• Jiangsu Bluestar (China)
• Hongajia Fluorine Technology (China)

REPORT COVERAGE

The report examines elements affecting the market from both the demand and supply sides and further estimates market dynamic forces during the forecast period. The report provides drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for regions after evaluating governmental, financial, shared, and technical factors affecting the market in these regions.