The PTFE market is projected to grow at USD 3.60 billion by 2027, at a CAGR of 6.1% during the forecast period.

The report "Polytetrafluoroethylene (PTFE) Market by Form (Granular, Fine Powder, Dispersion, and Micronized), End-use Industry (Chemical & Industrial Processing, Electronics & Electrical, Automotive & Aerospace, Consumer Goods), and Region - Global Forecast to 2027".

Key players profiled in the report include Chemours (US), Daikin (Japan), 3M (US), Solvay (Belgium), Asahi Glass Company (Japan), Dongyue (China), Zhejiang Juhua (China), Shanghai 3F New Materials Company Ltd. (China), HaloPolymer (Russia), and Gujrat Fluorochemicals (India).

Download PDF Brochure: http://bit.ly/2Oe4rcZ

Based on end-use industry, the chemical & industrial processing segment is estimated to lead the PTFE market.

PTFE resin is extensively used in the chemical & industrial processing industry in the form of films, gaskets, tubes, coatings, liners, and components in a wide range of machinery and equipment. It is mainly used in the manufacturing of pumps and valves, shaft seals, sliding elements, and friction bearings. Chemical resistance, thermal resistance, and flexural strength properties of PTFE make it suitable for its use in the chemical & industrial processing end-use industry.

The APAC PTFE market is projected to grow at the highest CAGR during the forecast period.

APAC is expected to be the fastest-growing PTFE market during the forecast period. The PTFE market in this region is led by China, Japan, India, and South Korea. The increasing demand for PTFE in the production of components used in automobiles, electronic devices, electrical appliances, chemicals, and industrial products in China and Japan, among other economies, is driving the growth in this market in APAC. These factors are driving key market players to expand their business in the APAC region.

Browse 77 market data Tables and 34 Figures spread through 134 Pages here - https://www.marketsandmarkets.com/PressReleases/polytetrafluoroethylene.asp

Currently, the demand for PTFE is driven by its increasing applicability in medical, automotive, chemical processing, food & household applications that require material with specific properties. Properties like inertness to chemicals, low dielectric strength, high thermal stability, low co-efficient of friction, and so on, makes PTFE a preferred material in these industries. Emerging expanded PTFE (ePTFE) and modified (mPTFE) encloses the major opportunities in PTFE market. ePTFE market is a growing market which majorly envelopes PTFE membrane application. ePTFE membrane has improved material properties as compared to standard PTFE and hence is finding emerging applications in industries like, medical, filtration, and textile. ePTFE is consumed in a large portion in textile and filtration application by means of fibers.