Global Perfluoroalkoxy (PFA) Market Share, Size - Segmented by Product Type, Application, and Geography - Growth, Trends, and Forecast (2022 - 2030)
The global market for perfluoroalkoxy (PFA) is expected to register a significant growth during the forecast period, 2018-2023.This significant growth is primarily driven by the increase in demand of high purity PFA coating in critical fluid transport tubing applications and augmenting demand of ultra-high pure (UHP) PFA resin in the semiconductor industry.
Emerging Applications in the Optical Fiber Industry like Jacketing Material
Optic Fiber can be used as a medium for telecommunications and computer networking because it is flexible and can be bundled as cables and has a very small footprint. The optical fiber cables market benefited from growing demand for data transmission capacity, making it essential to upgrade existing network infrastructure, particularly in Italy and France, where the existing network is still predominantly in copper cable, while North America started to see the first initiatives to develop the 5G network. The market for optical fiber cables also benefited from growing investments by the principal Chinese carriers, who represented the biggest source of growth in global optical cable demand. This trend gains momentum in the nearby future further igniting the demand for overall perfluoroalkoxy (PFA) market.
Semiconductors Application Segment to Contribute Significant Demand to the Market
The semiconductor industry is heavily dependent on PFA as they are the only materials that can hold and transport the harsh chemicals used in the manufacturing process. The integrated circuits of semiconductors are manufactured using processes such as photolithography, etching, cleaning, thin film deposition and polishing. It takes some 270 chemicals and gasses to produce an integrated circuit. Many of these are extremely corrosive which include nitric acid, hydrochloric and hydrofluoric acid, and ozone. Metals will corrode when exposed to these chemicals, producing unacceptable levels of particulates and equipment failures, but PFA provides an efficient solution where excellent electrical properties, high ionic purity and the ability to withstand a wide range of temperatures is essential. The ultra-pure grade PFA is well suited for applications in the semiconductor industry and it is used in the manufacture of wafer carriers, tubing, fittings and pump parts, and is optimal for transporting high-purity chemicals in semiconductor manufacturing. Special grades of PFA are being developed to meet the rigorous demands of the semiconductor industry which is involved in the production of electronic equipment such as personal computers, cellular phones, LCD, plasma and LED displays.
North America to Dominate the Market
North America accounted the largest regional market share for global perfluoroalkoxy (PFA) market in 2017. This immense demand for Perfluoroalkoxy (PFA) is a consequence of the growing trends of fiber optics, chemical processing and oil & gas industries in the region. In North America, the United States provides the major market for the perfluoroalkoxy (PFA) with more than 75% of the regional market share. Development of shale gas has created a definitive advantage for US chemical manufacturing. Looking ahead over the next five years, production from the unprecedented investment in US chemical manufacturing will continue to come online, with the largest gains expected in 2018 and into 2019. This scenario is expected to increase the demand for perfluoroalkoxy (PFA) in the nearby future. The large market size coupled with the huge growth of North America is quite instrumental in expansion of the global Perfluoroalkoxy (PFA) market.
Key Developments in the Market
May 2017: Beijing Xinshiyi Energy Conservation and Environmental Protection Company has developed a 600 MW MGGH heat exchanger by using Solvay’s advanced Hyflon perfluoroalkoxy (PFA) fluoropolymer.
Major Players: AGC Inc., DAIKIN INDUSTRIES, Ltd, The Chemours Company, 3M (Dyneon GmbH), Solvay and Li Chang Technology (Ganzhou) Co., Ltd amongst others.
Reasons to Purchase this Report
Identify the current and future prospects of the global perfluoroalkoxy (PFA) market in the developed and emerging markets
Analyze various perspectives of the market with the help of Porter’s five forces analysis
Information about the growth of the various product segments that are expected to dominate the market
Identify the region that is expected to dominate the market over the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Emerging Applications in the Optical Fiber Industry like Jacketing Material
Optic Fiber can be used as a medium for telecommunications and computer networking because it is flexible and can be bundled as cables and has a very small footprint. The optical fiber cables market benefited from growing demand for data transmission capacity, making it essential to upgrade existing network infrastructure, particularly in Italy and France, where the existing network is still predominantly in copper cable, while North America started to see the first initiatives to develop the 5G network. The market for optical fiber cables also benefited from growing investments by the principal Chinese carriers, who represented the biggest source of growth in global optical cable demand. This trend gains momentum in the nearby future further igniting the demand for overall perfluoroalkoxy (PFA) market.
Semiconductors Application Segment to Contribute Significant Demand to the Market
The semiconductor industry is heavily dependent on PFA as they are the only materials that can hold and transport the harsh chemicals used in the manufacturing process. The integrated circuits of semiconductors are manufactured using processes such as photolithography, etching, cleaning, thin film deposition and polishing. It takes some 270 chemicals and gasses to produce an integrated circuit. Many of these are extremely corrosive which include nitric acid, hydrochloric and hydrofluoric acid, and ozone. Metals will corrode when exposed to these chemicals, producing unacceptable levels of particulates and equipment failures, but PFA provides an efficient solution where excellent electrical properties, high ionic purity and the ability to withstand a wide range of temperatures is essential. The ultra-pure grade PFA is well suited for applications in the semiconductor industry and it is used in the manufacture of wafer carriers, tubing, fittings and pump parts, and is optimal for transporting high-purity chemicals in semiconductor manufacturing. Special grades of PFA are being developed to meet the rigorous demands of the semiconductor industry which is involved in the production of electronic equipment such as personal computers, cellular phones, LCD, plasma and LED displays.
North America to Dominate the Market
North America accounted the largest regional market share for global perfluoroalkoxy (PFA) market in 2017. This immense demand for Perfluoroalkoxy (PFA) is a consequence of the growing trends of fiber optics, chemical processing and oil & gas industries in the region. In North America, the United States provides the major market for the perfluoroalkoxy (PFA) with more than 75% of the regional market share. Development of shale gas has created a definitive advantage for US chemical manufacturing. Looking ahead over the next five years, production from the unprecedented investment in US chemical manufacturing will continue to come online, with the largest gains expected in 2018 and into 2019. This scenario is expected to increase the demand for perfluoroalkoxy (PFA) in the nearby future. The large market size coupled with the huge growth of North America is quite instrumental in expansion of the global Perfluoroalkoxy (PFA) market.
Key Developments in the Market
May 2017: Beijing Xinshiyi Energy Conservation and Environmental Protection Company has developed a 600 MW MGGH heat exchanger by using Solvay’s advanced Hyflon perfluoroalkoxy (PFA) fluoropolymer.
Major Players: AGC Inc., DAIKIN INDUSTRIES, Ltd, The Chemours Company, 3M (Dyneon GmbH), Solvay and Li Chang Technology (Ganzhou) Co., Ltd amongst others.
Reasons to Purchase this Report
Identify the current and future prospects of the global perfluoroalkoxy (PFA) market in the developed and emerging markets
Analyze various perspectives of the market with the help of Porter’s five forces analysis
Information about the growth of the various product segments that are expected to dominate the market
Identify the region that is expected to dominate the market over the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Frequently Asked Questions
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