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.
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“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.
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