Market Overview:
The global perfluoroalkoxy resin market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for perfluoroalkoxy resins from various end-use industries, such as oil & gas, chemical processing industry, and others. In terms of volume, the Asia Pacific region is expected to lead the global perfluoroalkoxy resin market during the forecast period.
Product Definition:
A perfluoroalkoxy resin is a synthetic resin that contains carbon-fluorine bonds. These resins are used in a variety of applications, including as coatings, adhesives, and sealants.
PFA Aqueous Dispersion:
PFA aqueous dispersion is a type of water-based coating, which is used in the production of perfluoroalkoxy resins. It contains no solvents and has low viscosity. PFA coatings are non-toxic, stable and have excellent adhesion properties to various substrates such as metal, plastic & glass.
PFA Pellets:
PFA Pellets are made from pure, fully fluorinated carbon. They are produced by the polymerization of perfluorooctoxy resin. PFA pellets have a purity level of 99%. They offer high thermal stability and low smoke point compared to other raw materials used for producing perfluroalkoxy resins. This property allows them to be easily processed by standard techniques such as injection molding, extrusion and sheet molding among others.
Application Insights:
The global perfluoroalkoxy resin market is segmented on the basis of application into oil & gas, chemical processing industry, and other applications. The oil & gas industry was the largest application segment in 2017 and is expected to witness growth over the forecast period. This growth can be attributed to growing demand for drilling fluids from shale plays across various regions including North America and Europe.
PFA based drilling fluids provide enhanced protection against corrosion as well as offer superior performance in high temperature environments without compromising with fluid handling characteristics required by modern day Drilling Fluids Systems (DFS). These systems are designed around a central processing facility that utilizes PFA resin as a key component for manufacturing DFSs which include muds, circulation loops, cuttings disposal units among others.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its dominance over the forecast period owing to growing oil & gas and chemical processing industries in U.S., which will drive product demand. In addition, stringent regulations by Environmental Protection Agency (EPA) and other regulatory bodies are anticipated to further propel market growth during the forecast period.
Asia Pacific is estimated to be one of the fastest-growing regions with a CAGR of XX% from 2018 to 2030 due high growth in end-use industries such as paints & coatings, automotive, pharmaceuticals, drilling fluids along with rapid industrialization and urbanization resulting in increased consumption of building materials including waterproofing products such as PFRs.
Growth Factors:
- Increasing demand for PFA resins in semiconductor and electronic industries due to its excellent electrical insulation properties.
- Rising demand for PFA resins from the medical industry as a replacement for traditional materials such as Teflon, polyethylene, and polypropylene in implants, prostheses, and other surgical instruments owing to its non-toxic nature and biocompatibility.
- Growing use of PFA resins in the aerospace industry due to their low coefficient of friction and thermal stability up to 500°C.
- Increasing application scope of perfluoroalkoxy resin coatings in food packaging owing to their superior barrier properties against moisture, oxygen, aromas, flavors, fats & oils etc.; which helps extend product shelf life significantly .
Scope Of The Report
Report Attributes
Report Details
Report Title
Perfluoroalkoxy Resin Market Research Report
By Type
PFA Aqueous Dispersion, PFA Pellets, PFA Powder
By Application
Oil & Gas, Chemical Processing Industry, Other
By Companies
DowDuPont, Solvay, Daikin, RTP Company, 3M, AGC, Lichang
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Perfluoroalkoxy Resin Market Report Segments:
The global Perfluoroalkoxy Resin market is segmented on the basis of:
Types
PFA Aqueous Dispersion, PFA Pellets, PFA Powder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Chemical Processing Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DowDuPont
- Solvay
- Daikin
- RTP Company
- 3M
- AGC
- Lichang
Highlights of The Perfluoroalkoxy Resin Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PFA Aqueous Dispersion
- PFA Pellets
- PFA Powder
- By Application:
- Oil & Gas
- Chemical Processing Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Perfluoroalkoxy Resin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Perfluoroalkoxy resin is a type of synthetic resin that contains perfluorooctanoic acid (PFOA) and perfluorohexanoic acid (PFHxA). PFOA and PFHxA are chemicals that have been linked to health problems, including cancer. Perfluoroalkoxy resins are used in products such as Teflon, Scotchgard, and Gore-Tex.
Some of the key players operating in the perfluoroalkoxy resin market are DowDuPont, Solvay, Daikin, RTP Company, 3M, AGC, Lichang.
The perfluoroalkoxy resin market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Perfluoroalkoxy Resin Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Perfluoroalkoxy Resin Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Perfluoroalkoxy Resin Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Perfluoroalkoxy Resin Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Perfluoroalkoxy Resin Market Size & Forecast, 2018-2028
4.5.1 Perfluoroalkoxy Resin Market Size and Y-o-Y Growth
4.5.2 Perfluoroalkoxy Resin Market Absolute $ Opportunity
Chapter 5 Global Perfluoroalkoxy Resin Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Perfluoroalkoxy Resin Market Size Forecast by Type
5.2.1 PFA Aqueous Dispersion
5.2.2 PFA Pellets
5.2.3 PFA Powder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Perfluoroalkoxy Resin Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Perfluoroalkoxy Resin Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Chemical Processing Industry
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Perfluoroalkoxy Resin Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Perfluoroalkoxy Resin Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Perfluoroalkoxy Resin Analysis and Forecast
9.1 Introduction
9.2 North America Perfluoroalkoxy Resin Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Perfluoroalkoxy Resin Market Size Forecast by Type
9.6.1 PFA Aqueous Dispersion
9.6.2 PFA Pellets
9.6.3 PFA Powder
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Perfluoroalkoxy Resin Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Chemical Processing Industry
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Perfluoroalkoxy Resin Analysis and Forecast
10.1 Introduction
10.2 Europe Perfluoroalkoxy Resin Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Perfluoroalkoxy Resin Market Size Forecast by Type
10.6.1 PFA Aqueous Dispersion
10.6.2 PFA Pellets
10.6.3 PFA Powder
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Perfluoroalkoxy Resin Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Chemical Processing Industry
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Perfluoroalkoxy Resin Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Perfluoroalkoxy Resin Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Perfluoroalkoxy Resin Market Size Forecast by Type
11.6.1 PFA Aqueous Dispersion
11.6.2 PFA Pellets
11.6.3 PFA Powder
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Perfluoroalkoxy Resin Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Chemical Processing Industry
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Perfluoroalkoxy Resin Analysis and Forecast
12.1 Introduction
12.2 Latin America Perfluoroalkoxy Resin Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Perfluoroalkoxy Resin Market Size Forecast by Type
12.6.1 PFA Aqueous Dispersion
12.6.2 PFA Pellets
12.6.3 PFA Powder
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Perfluoroalkoxy Resin Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Chemical Processing Industry
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Perfluoroalkoxy Resin Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Perfluoroalkoxy Resin Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Perfluoroalkoxy Resin Market Size Forecast by Type
13.6.1 PFA Aqueous Dispersion
13.6.2 PFA Pellets
13.6.3 PFA Powder
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Perfluoroalkoxy Resin Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Chemical Processing Industry
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Perfluoroalkoxy Resin Market: Competitive Dashboard
14.2 Global Perfluoroalkoxy Resin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DowDuPont
14.3.2 Solvay
14.3.3 Daikin
14.3.4 RTP Company
14.3.5 3M
14.3.6 AGC
14.3.7 Lichang
