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Global Perfluoroalkoxy Alkane (PFA) Market Size, Share, Trends, Forecast: By Product Type: Pellets, Power, Aqueous Dispersion; By Application: Oil and Gas, Chemical Processing Industry, Fibre Optics, Semiconductor, Cookware and Bakeware Coatings, Electrical Insulation, Others; Regional Analysis; Competitive Landscape; 2023-2028
Global Perfluoroalkoxy Alkane (PFA) Market Outlook
The global perfluoroalkoxy alkane (PFA) market size is projected to grow at a CAGR of 4.1% between 2023 and 2028. The major drivers of the market include expansion of the oil and gas sector and increased adoption in various manufacturing processes to reduce corrosion rates.
Key Trends in the Market
Perfluoroalkoxy alkane is produced by the copolymerisation of perfluoroethers and tetrafluoroethylene and displays properties similar to polytetrafluoroethylene. These alkanes have advanced chemical resistance and anti-sticking properties along with very low coefficient of friction. The corrosion resistance offered by perfluoroalkoxy alkanes makes them suitable for utilisation across various applications.
- The increased utilisation of perfluoroalkoxy alkanes in various manufacturing processes to prevent delays in production and reduce corrosion rates is aiding the perfluoroalkoxy alkane (PFA) market growth. They also help in ensuring the safety and health of immediate production personnel while reducing operation costs and equipment failure.
- The expansion of the oil and gas sector is offering lucrative growth opportunities to the market as applications of pressure tubing obtained from perfluoroalkoxy alkanes to protect fuel gas heat exchangers from extreme temperatures increase.
- The growth of the foodservice sector due to rising disposable incomes and increasing travel and tourism activities is boosting the requirement for bakeware and cookware, supporting the market expansion. Perfluoroalkoxy alkanes are used for coating cookware and bakeware due to their anti-sticking properties, among others.
Global Perfluoroalkoxy Alkane (PFA) Market Analysis
On the basis of product type, the market is divided into pellets, power, and aqueous dispersion. Based on application, the market is categorised into oil and gas, chemical processing industry, fibre optics, semiconductor, cookware and bakeware coatings, and electrical insulation, among others. On the basis of region, the perfluoroalkoxy alkane (PFA) market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- 3M Company
- Solvay S.A.
- Daikin Industries, Ltd.
- AGC Inc.
- Hubei Everflon Polymer Co., Ltd.
- RTP Company
- Zibo Bainaisi Chemical Co., Ltd
- Gujarat Fluorochemicals Limited
- Swicofil AG
- Others
Market Share by Application
Chemical processing industry is expected to account for a significant perfluoroalkoxy alkane (PFA) market share over the forecast period owing to the ability of the perfluoroalkoxy alkanes to withstand mechanical shock, thermal stress, and high temperatures. Due to their low permeation and advanced chemical resistance, they are used in the corrosion protection liners. Other applications of the perfluoroalkoxy alkanes in the chemical processing industry includes braided packing, O-rings, mechanical seals, and lined valves, among others.
Market Share by Region
The Asia Pacific is anticipated to account for a significant share of the market. This growth can be attributed to the rising demand for high performance materials from various sectors including healthcare, automotive, and semiconductor, among others. Perfluoroalkoxy alkanes offer enhanced electrical properties, and their durable nature allows them to function effectively under stress. The rapid expansion of the chemical sector in countries including China, Japan, and India is further bolstering the perfluoroalkoxy alkane (PFA) market demand.
Competitive Landscape
3M Company was founded in 1902 and is headquartered in Minnesota, United States. The company is known for providing perfluoroalkoxy alkane, adhesives, laminates, personal protective equipment, medical products, and insulating materials, among others.
Solvay S.A. is known for manufacturing hydrogen peroxide, soda ash, silica, perfluoroalkoxy alkane, and surfactants, among other speciality polymers. The company provides products to various sectors such as oil and gas, aerospace, construction, and automotive.
Daikin Industries, Ltd., headquartered in Osaka, Japan, the company was founded in 1924. Daikin is known for marketing and distributing fluorochemicals, refrigerators and air conditioners, oil hydraulics, and perfluoroalkoxy alkane, among others.
Other perfluoroalkoxy alkane (PFA) market key players include AGC Inc., Hubei Everflon Polymer Co., Ltd., RTP Company, Zibo Bainaisi Chemical Co., Ltd, Gujarat Fluorochemicals Limited, and Swicofil AG, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Perfluoroalkoxy Alkane (PFA) Market Analysis
8.1 Key Industry Highlights
8.2 Global Perfluoroalkoxy Alkane (PFA) Historical Market (2018-2022)
8.3 Global Perfluoroalkoxy Alkane (PFA) Market Forecast (2023-2028)
8.4 Global Perfluoroalkoxy Alkane (PFA) Market by Product Type
8.4.1 Pellets
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Power
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Aqueous Dispersion
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Perfluoroalkoxy Alkane (PFA) Market by Application
8.5.1 Oil and Gas
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Chemical Processing Industry
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Fibre Optics
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Semiconductor
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Cookware and Bakeware Coatings
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Electrical Insulation
8.5.6.1 Historical Trend (2018-2022)
8.5.6.2 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Perfluoroalkoxy Alkane (PFA) Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Perfluoroalkoxy Alkane (PFA) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Perfluoroalkoxy Alkane (PFA) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Perfluoroalkoxy Alkane (PFA) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Perfluoroalkoxy Alkane (PFA) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Perfluoroalkoxy Alkane (PFA) Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 3M Company
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Solvay S.A.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Daikin Industries, Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 AGC Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Hubei Everflon Polymer Co., Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 RTP Company
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Zibo Bainaisi Chemical Co., Ltd
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Gujarat Fluorochemicals Limited
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Swicofil AG
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Perfluoroalkoxy Alkane (PFA) Market: Key Industry Highlights, 2018 and 2028
2. Global Perfluoroalkoxy Alkane (PFA) Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. Global Perfluoroalkoxy Alkane (PFA) Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. Global Perfluoroalkoxy Alkane (PFA) Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Perfluoroalkoxy Alkane (PFA) Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Perfluoroalkoxy Alkane (PFA) Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Perfluoroalkoxy Alkane (PFA) Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Perfluoroalkoxy Alkane (PFA) Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Perfluoroalkoxy Alkane (PFA) Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Perfluoroalkoxy Alkane (PFA) Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Perfluoroalkoxy Alkane (PFA) Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Perfluoroalkoxy Alkane (PFA) Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Perfluoroalkoxy Alkane (PFA) Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Perfluoroalkoxy Alkane (PFA) Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Perfluoroalkoxy Alkane (PFA) Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Perfluoroalkoxy Alkane (PFA) Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Perfluoroalkoxy Alkane (PFA) Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Perfluoroalkoxy Alkane (PFA) Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4.1% between 2023 and 2028.
The major market drivers include expansion of the oil and gas sector and increased adoption for various manufacturing processes to reduce corrosion rates.
The key trends fuelling the growth of the market include rising applications in chemical processing industry and growing requirements for bakeware and cookware.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant product types include pellets, power, and aqueous dispersion.
The properties of perfluoroalkoxy alkanes include optical transparency and enhanced resistance against chemicals.
The applications of perfluoroalkoxy alkanes include oil and gas, chemical processing industry, fibre optics, semiconductor, cookware and bakeware coatings, and electrical insulation, among others.
The key players in the market are 3M Company, Solvay S.A., Daikin Industries, Ltd., AGC Inc., Hubei Everflon Polymer Co., Ltd., RTP Company, Zibo Bainaisi Chemical Co., Ltd, Gujarat Fluorochemicals Limited, and Swicofil AG, among others.
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