Polytetrafluoroethylene (PTFE) Market Key Players:
The global PTFE market is driven by some of the eminent players including Daikin Industries (Japan), The Chemours Company (U.S.), Asahi Glass Company (Japan), 3M (U.S.), Solvay (Belgium), Halopolymer (Russia), Solexis SA (Switzerland), DowDupont (U.S.), Hubei Everflon Polymer CO., Ltd (China), and China Haohua Chemical Group (China).
Polytetrafluoroethylene (PTFE) Market Segmentation:
The global ptfe market can be segmented by type and application.
By type, the market can be further segmented into micro-powder, fine-powder and granular. Granular PTFE is cheap and widely used across industry verticals. Production technology of the granular PTFE is less complicated and expected to create alluring opportunities for various influencers. Micro-powder also plays a significant role in earning much of the global revenue.
Application-based segmentation includes industrial, electronics & electrical, transportation, petrochemical & chemical processing, food & beverage, and medical & pharmaceutical. The extensive use of PTFE technology in industrial and chemical sectors results in a robust global market. The technology, however, is also enjoying its integration in the automotive sector, as PTFE reduces the overall weight of cars and offers efficient emission control.
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Polytetrafluoroethylene (PTFE) Market Regional Analysis:
Region-wise segmentation consists, North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
APAC region is leading the market in terms of revenue. The growth is expected to remain constant owing to a persistent increase in the regional chemical industry. Cheap availability of raw materials, labor, and infrastructure have made the region an ideal place for investment and many international brands are grappling for this opportunity.
Europe can experience a steady growth owing to the presence of leading manufacturers. Currently, the economic condition of the region can ensure a moderate increase.
North America is expected to gain an impetus during the forecast period due to the burgeoning chemical industry and already well-established automotive sector.
The African region is the least explored sector as the manufacturers have not found it suitable yet for the industry and it can only expect steady growth.
Polytetrafluoroethylene (PTFE) Industry Trend:
Recently, Trump administration announced an anti-dumping tariff on PTFE products imported from India and China which could increase the price and consequently affect the availability.
Teflon has been plagued with allegations of toxic emissions in their cookware. To counter that, leading manufacturers are coming up with eco-friendly materials and already launched a prominent name for their brands in the market. The Chemours have recently launched Teflon EcoElite as the world’s first renewably-sourced, non-fluorinated fabric treatment based on plants.
Polytetrafluoroethylene (PTFE) Market Overview:
The global polytetrafluoroethylene (PTFE) market is estimated to scale up to USD 7.1 Bn with a remarkable CAGR of around 12.1% during the assessment period (2014-2022), as reported by Market Research Future (MRFR). Available in numerous product types ranging from flexible foam to elastomers and from rigid foams to solid compositions, PTFE is chemically inert and heat resistant with dielectric and low frictional properties.
Polytetrafluoroethylene (PTFE) Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Polytetrafluoroethylene (PTFE) Market
Polytetrafluoroethylene (PTFE) Market Table of Content to be Continue………,
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