Polytetrafluoroethylene (PTFE) Market is Expected to Reach $3.2 Billion by 2023
Trends, opportunities and forecast in polytetrafluoroethylene market to 2023 by form type (micronized powder, granular, fine powder and aqueous dispersion), application (ink and coatings, plastics, grease and lubricants and others), end use industry (industrial processing, electrical and electronics, automotive, construction, healthcare, and others), and region
IRVING, Texas, February 8, 2018 (Newswire.com) - According to a new market report published by Lucintel, 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 global 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 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.
Browse 117 market data Tables and 145 Figures spread through 208 Pages and in-depth TOC on "Polytetrafluoroethylene (PTFE) Market" http://www.lucintel.com/polytetrafluoroethylene-market-2018-2023.aspx
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In this market, industrial processing, healthcare, electrical and electronics are the major end use industries. On the basis of its comprehensive research, Lucintel forecasts 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.
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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.
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. Chemours, Daikin Industries Ltd, 3M (Dyneon), Solvay and Dongyue Federation are among the major suppliers.
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The study includes a forecast for the global PTFE market by end use industry, form type, application, and region as follows:
By Product Form (Volume (Million Pounds) and $M shipment analysis for 2012 – 2023):
· Micronized Powder
· Granular
· Fine Powder
· Aqueous Dispersion
By End Use Industry (Volume (Million Pounds) and $M shipment analysis for 2012 – 2023):
- Industrial processing
- Electrical and Electronics
- Automotive
- Construction
- Healthcare
- Others
By Application (Volume (Million Pounds) and $M shipment analysis for 2012 – 2023):
- Ink and Coatings
- Plastics
- Grease and Lubricants
- Others
By Region (Volume (Million Pounds) and $M shipment analysis for 2012 – 2023):
- North America
- Europe
- Asia Pacific
- The Rest of the World
This 208 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com
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This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global PTFE market by form type (micronized powder, granular, fine powder and aqueous dispersion), application (ink and coatings, plastics, grease and lubricants and others), end use industry (industrial processing, electrical and electronics, automotive, construction, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?
Source: Lucintel