The Polytetrafluoroethylene (PTFE) market is projected to reach USD 2.66 Billion by 2022


Posted July 31, 2018 by abhijeetw1

The Polytetrafluoroethylene (PTFE) market is estimated to be USD 1.97 Billion in 2017 and is projected to reach USD 2.66 Billion by 2022, at a CAGR of 6.1% from 2017 to 2022.

 
The Polytetrafluoroethylene (PTFE) market was valued at USD 1.87 Billion in 2016 and is projected to reach USD 2.66 Billion by 2022, at a CAGR of 6.1% during the forecast period. The high demand for PTFE in various end-use industries, such as chemical & industrial processing, electronics & electrical, automotive & aerospace, consumer goods, and building & construction is driving the PTFE market.

Objectives of the Study

To analyze and forecast the market size for PTFE, in terms of value and volume
To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
To define, describe, and forecast the PTFE market on the basis of form and end-use industry
To forecast the PTFE market size with respect to 5 main regions, namely North America, Europe, Asia Pacific, Middle East & Africa, and South America
To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
To analyze competitive developments, such as joint ventures, mergers & acquisitions, new product launches, mergers & acquisitions, and investments & expansions in the PTFE market
To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
To strategically profile key players and comprehensively analyze their market shares and core competencies
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Based on form, the granular segment is estimated to lead the PTFE market in 2017.

Granular PTFE is the most widely used form of PTFE, owing to its low price. The production technology of granular PTFE is less complicated and results in low manufacturing cost. Granular PTFE offers chemical inertness, high-temperature resistance, outstanding chemical resistance, low coefficient of friction, exceptional adhesion, low-temperature toughness, electrical properties, and excellent water repellant properties. Hence, it is used in the manufacturing of semi-finished and finished products such as rods, sheets, bushes, gaskets, seals plates, balls, piston rings, valve seats, expansion joints, diaphragms, piping components, O-rings, v-rings, connectors, and sockets.

Based on end-use industry, the chemical & industrial processing segment is estimated to lead the PTFE market in 2017.

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.

Key Players in the PTFE Market

The key players operating in the PTFE market 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).

To know about the assumptions considered for the study:

https://www.marketsandmarkets.com/Market-Reports/polytetrafluoroethylene-market-22472807.html

Target Audience:

Manufacturers of PTFE
Chemical Suppliers
Traders, Distributors, and Suppliers of PTFE
Raw Material Suppliers
Government and Research Organizations
Industry Associations

PTFE Market, by Form:

Granular
Fine Powder
Dispersion
Micronized

PTFE Market, by End-use Industry:

Chemical & Industrial Processing
Electronics & Electrical
Automotive & Aerospace
Consumer Goods
Building & Construction
Others

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Issued By marketsandmarkets
Country United States
Categories Business , Industry , Manufacturing
Tags aqueous dispersion ptfe market , fine powder ptfe market , micronized powder ptfe market , polytetrafluoroethylene market
Last Updated July 31, 2018