Lucintel’s latest market report analyzed that polytetrafluoroethylene (PTFE) provides attractive opportunities in various end use industries, including industrial processing, electrical and electronics, automotive, construction, and healthcare industry. The polytetrafluoroethylene (PTFE) market is expected to reach $3.8 billion by 2026 with a CAGR of 4.9%. In this market, micronized powder is the largest segment by form, whereas industrial processing is largest by end use industry. The rising demand for polytetrafluoroethylene resin in new application areas, wiring insulation, and sealants provides strategic growth path in this market.
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Based on form, the polytetrafluoroethylene (PTFE) market is segmented into granular resins, fine powders, aqueous dispersion, and micronized powders. The micronized powders segment is accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period because of non-adhesiveness, low friction, non-stick nature, resistance to chemicals, heat, shock, and moisture, high dielectric quality properties.
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106 – Tables
131 – Figures
169 – Pages
The polytetrafluoroethylene (PTFE) market is marked by the presence of several big and small players. Some of the prominent players offering polytetrafluoroethylene (PTFE) include Chemours, Solvay, Daikin, Gujrat Fluorochemicals, 3M and Dyneon.
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