DUBLIN--(BUSINESS WIRE)--The "Polytetrafluoroethylene (PTFE) Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
The global polytetrafluoroethylene PTFE market is expected to reach an estimated $3.2 billion by 2023 and it is forecast to grow at a CAGR of 5.9% from 2018 to 2023
The future of the global Polytetrafluoroethylene (PTFE) market is positive with opportunities in various end use industries, including industrial processing, electrical and electronics, automotive, construction, and healthcare. The major driver for growth in this market is increasing demand for high performance polymers in industrial processing, automotive, electrical and electronics industries due to PTFE's superior properties such as non-adhesiveness, low friction, non-stick, high dielectric, and chemical resistance.
Emerging trends that have a direct impact on the dynamics of the PTFE industry include the emergence of recycling of TFE monomers for PTFE, and emerging new applications such as medical implants, wiring insulation and sealants.
It is forecast that industrial processing will remain the largest segment by value and volume and will experience the highest growth over the forecast period supported by increasing demand of PTFE for corrosion resistant equipment in chemical processing plants.
Micronized powder, granular, fine powder, and aqueous dispersion are the major product foam used in different end use industries. Micronized powder is expected to be the largest PTFE form by value and volume and will experience the highest growth over the forecast period because of its wear resistance, lubricity, and flame retardant properties.
Asia Pacific (APAC) is expected to remain the largest region by value and volume, and is also expected to experience the highest growth over the forecast period due to growth in end use industries.
Key Topics Covered:
1. Executive Summary
2. Market Background and Classifications
3. Market Trends and Forecast Analysis from 2012 to 2023
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
- Gujarat Fluorochemicals Limited
- 3M Dyneon
- Chemours (Dupont)
- Hindustan Fluorocarbons Limited
- Asahi Glass Corporation
- Kureha Corporation
- Halopolymer OJSC
- SOLVAY Solexis S.P.A
- Dongyue Federation
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