DUBLIN--(BUSINESS WIRE)--The "Polytetrafluoroethylene Market Research Report: By Type, Application, End User, Geographical Outlook - Global Industry Trends and Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
In 2018, the global polytetrafluoroethylene (PTFE) market generated a revenue of $2,197.8 million and is projected to attain a value of $2,953.6 million in 2024, witnessing a 5.0% CAGR during the forecast period (2019-2024).
In terms of end use, the industrial processing sector is predicted to dominate the market during the forecast period, as the chemical is utilized for coating different products in the chemical processing industry in order to improve the electrical load bearing capacity of the base material, decrease friction and sticking, and enhance chemical and heat resistance.
On the basis of type, granular category is expected to hold the largest share of the PTFE market during the forecast period, which is attributed to the suitability and extensive usage of this type in seals, gaskets, and rings for aerospace and automotive applications. The fastest growth is projected to be registered by the powder category during the forecast period because of its wide applications in coatings and electrical tapes, cables, and wires. In terms of application, the market is predicted to be dominated by the coatings' division during the forecast period.
The rising requirement for PTFE from the electrical & electronics industry is a key driving factor of the PTFE market. PTFE finds in applications in different electrical & electronics products, such as fabrication of semiconductor devices, cable tires, barb insulators, battery binders, connectors, circuit breakers, and brush holders. In addition to this, the requirement for electrical and electronics goods is expected to increase in the coming years due to the growing population, primarily in the South Asian countries. This is further projected to drive the demand for PTFE.
The utilization of PTFE in medical devices is a key trend in the PTFE market. PTFE has replaced the usage of conventional plastics because of its properties such as resistance to ultraviolet radiation, coefficient of friction, and chemical inertness. These properties make it suitable for sutures, bio-containment vessels, catheters, and syringes. Apart from this, the high chemical resistivity of PTFE makes it suitable for multi-lumen tubing, which is needed in minimally invasive procedures.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
4.1.1.1 Powder
4.1.1.2 Granules
4.1.1.3 Aqueous Dispersion
4.1.2 By Application
4.1.2.1 Tubes
4.1.2.2 Films & Sheets
4.1.2.3 Fabrics
4.1.2.4 Coatings
4.1.2.5 Wires & Cables
4.1.2.6 Tapes
4.1.2.7 Others
4.1.3 By End User
4.1.3.1 Automotive
4.1.3.2 Construction
4.1.3.3 Electrical & Electronics
4.1.3.4 Industrial Processing
4.1.3.5 Medical
4.1.3.6 Others
4.2 Value Chain Analysis
4.3 Manufacturing Processes
4.4 Market Dynamics
4.4.1 Trends
4.4.1.1 Adoption in medical devices
4.4.2 Drivers
4.4.2.1 Increasing demand for non-stick cookware
4.4.2.2 Increasing demand for PTFE in electrical and electronics industry
4.4.2.3 Impact analysis of drivers on market forecast
4.4.3 Restraints
4.4.3.1 Irregular supply of PTFE
4.4.3.2 Impact analysis of restraints on market forecast
4.4.4 Opportunities
4.4.4.1 Adoption in beauty care products
4.5 Gross Margin Analysis of PTFE Producers
4.6 Regulatory Framework
4.6.1 Food Contact Regulations
Chapter 5. Global Market Size and Forecast
5.1 By Type
5.2 By Application
5.3 By End Use
5.4 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. RoW Market Size and Forecast
Chapter 10. Competitive Landscape
10.2 Competitive Benchmarking of Key Players
10.3 Strategic Developments of Key Players
10.4 List of PTFE Manufacturers
10.5 List of PTFE Processors
Chapter 11. Company Profiles
11.1 3M Company
11.1.1 Business Overview
11.1.2 Product and Service Offerings
11.1.3 Key Financial Summary
11.2 Gujarat Fluorochemicals Ltd.
11.3 AGC Inc.
11.4 Daikin Industries Ltd.
11.5 Solvay SA
11.6 Juhua Group Corporation
11.7 The Chemours Company
11.8 Zhonghao Chenguang Research Institute of Chemical Industry
11.9 Shandong Dongyue Polymer Material Co. Ltd
11.10 Shanghai 3F New Materials Co. Ltd. Company
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