Global Polychlorotrifluoroethylene (PCTFE) Market to Reach $889.4 Million by 2030
The global market for Polychlorotrifluoroethylene (PCTFE) estimated at US$639.5 Million in the year 2023, is expected to reach US$889.4 Million by 2030, growing at a CAGR of 4.8% over the analysis period 2023-2030. Films Application, one of the segments analyzed in the report, is expected to record a 5.3% CAGR and reach US$381.9 Million by the end of the analysis period. Growth in the Wires & Tubes Application segment is estimated at 5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $192.8 Million, While China is Forecast to Grow at 4.6% CAGR
The Polychlorotrifluoroethylene (PCTFE) market in the U.S. is estimated at US$192.8 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$156.8 Million by the year 2030 trailing a CAGR of 4.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 4.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.
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