San Francisco, 12 March, Polytetrafluoroethylene (PTFE) Market Size,
Share & Trends Analysis Report By Product (Granular, Fine-powder), By
Application (Industrial & Chemical Processing, Electrical &
Electronics), And Segment Forecasts, 2019 – 2025.
The global polytetrafluoroethylene (PTFE) market size is expected to reach USD 4.33 billion by 2025, according to a new report by Grand View Research, Inc. The global market is projected to expand at a CAGR of 5.2% over the forecast period. Polytetrafluoroethylene is widely used in a broad range of applications including chemical processing, industrial processing, electrical and electronics, building and construction, and automotive and transportation. It is an opaque plastic fluoropolymer made by free-radical polymerization of Tetrafluoroethene (TFE) monomers. The market is mainly driven by the growing product demand in non-stick cookware and wire and cable coatings.
The global polytetrafluoroethylene (PTFE) market size is expected to reach USD 4.33 billion by 2025, according to a new report by Grand View Research, Inc. The global market is projected to expand at a CAGR of 5.2% over the forecast period. Polytetrafluoroethylene is widely used in a broad range of applications including chemical processing, industrial processing, electrical and electronics, building and construction, and automotive and transportation. It is an opaque plastic fluoropolymer made by free-radical polymerization of Tetrafluoroethene (TFE) monomers. The market is mainly driven by the growing product demand in non-stick cookware and wire and cable coatings.
However, automotive and
transportation remained the largest application segment for PTFE. In U.S., the
automotive industry is at the forefront of technology and product advancement.
New R&D initiatives are transforming the auto sector to better respond to
the opportunities created in the past few years. According to The International
Trade Administration (ITA), U.S. exported approximately 2 million new light
vehicles and 130,000 medium and heavy trucks to more than 170 markets across
the world in 2017. U.S. is the largest contributor in the North America region
and is also expected to drive the global market owing to the presence of major
application industries in the country.
Electrical and electronics
application segment is projected to witness the fastest growth over the
forecast years due to increasing product use in semiconductor fabrication,
lithium-ion batteries, and wires and cables insulation. China is one of the
world’s largest manufacturing hub for electronic products. This factor is
expected to fuel the demand for PTFE in electronics and electrical application
segment. Automotive industry in India is set to witness major changes in the
form of shared mobility and Electric Vehicles (EVs). Positive outlook in the
Indian automotive industry is expected to augment the product demand over the
next few years.
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On Polytetrafluoroethylene
(PTFE) Market Analysis:
Further key findings from the study suggest:
·
Fine-powder PTFE is estimated
to be the fastest-growing product segment over the forecast period
·
In terms of revenue, the
industrial and chemical processing application segment is expected to witness a
CAGR of 5.1% over the forecast period
·
U.S. is the largest market in
North America region and accounted for over 78% of the North America market
share in 2017
·
Some of the prominent companies
in the global Polytetrafluoroethylene (PTFE) market include The 3M Company; AGC
Chemicals Americas, Inc.; Arkema S.A.; Solvay S.A.; and DowDuPont, Inc.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the
global Polytetrafluoroethylene (PTFE) market on the basis of product,
application, and region:
PTFE Product Outlook (Volume,
Kilotons; Revenue, USD Million, 2014 - 2025)
·
Granular
·
Micro-powder
·
Fine-powder
·
Others
PTFE Application Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Industrial & Chemical
Processing
·
Electrical & Electronics
·
Automotive & Transportation
·
Others
PTFE Regional Outlook (Volume,
Kilotons; Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
U.K.
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
Browse Press
Release of this Report:
https://www.grandviewresearch.com/press-release/emulsion-polymer-market-report
https://www.grandviewresearch.com/press-release/emulsion-polymer-market-report
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This U.S.-based
market research and consulting company is registered in California and
headquartered in San Francisco. Comprising over 425 analysts and consultants,
the company adds 1200+ market research reports to its extensive database each
year. Supported by an interactive market intelligence platform, the team at
Grand View Research guides Fortune 500 companies and prominent academic
institutes in comprehending the global and regional business environment and
carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
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