Rising
demand for high-purity PFA coating and ultra-high pure (UHP) PFA resin to fuel
global perfluoroalkoxy (PFA) market through 2024
According to
TechSci Research report, “Global Perfluoroalkoxy (PFA) Market By Product Type, By Application, By Region,
Competition, Forecast & Opportunities, 2024”,
the global perfluoroalkoxy market is expected to reach $ 6.8 billion by 2024,
on account of increasing non-stick applications in cryogenic and food industries
applications and augmenting demand for chemical process vessels. Among the
segments, the semiconductor industry is heavily dependent on PFA coatings, as
these coatings hold, and transport harsh chemicals used in the manufacturing
process. The integrated circuits of semiconductors are manufactured using
processes like etching, cleaning, photolithography, thin film deposition and
polishing. Metals get corroded when exposed to chemicals, producing
unacceptable levels of particulates and equipment failures, however PFA
coatings provide efficient solution where excellent electrical properties, high
ionic purity and the ability to withstand a wide range of temperatures are
necessary. Ultra-pure grade PFA coatings are suitable for applications in the
semiconductor industry, where it is used in the manufacture of wafer carriers,
tubing, fittings and pump parts, which are optimal for transporting high-purity
chemicals in semiconductor manufacturing. Further, special grades of PFA
coatings are being developed to meet the demands of the semiconductor industry,
which is engaged in the production of electronic equipment like personal
computers, LCD, plasma and LED displays. Chemical processing industry is
expected to register fastest growth during forecast period owing to the
increasing demand for PFA coatings in transportation of fluids.
“Asia – Pacific is
the largest regional market holding 40% share in global perfluoroalkoxy (PFA) market,
owing to growing trends of fiber optics, chemical processing and oil & gas
industries in the region. Looking ahead
over the next ten years, production from the unprecedented investment in
chemical manufacturing is expected to continue, with the largest gains anticipated
in 2019 and into 2020. This scenario is anticipated to increase the demand for
perfluoroalkoxy (PFA) coatings in the coming years.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global
Perfluoroalkoxy (PFA) Market By Product Type, By Application, By Region,
Competition, Forecast & Opportunities, 2024” has evaluated the future
growth potential of global market and provides statistics and information on
market structure, size, share and future growth. The report is intended to
provide cutting-edge market intelligence and help decision makers to take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities
present in the global perfluoroalkoxy market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
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