The Polytetrafluoroethylene (PTFE) market is estimated to be USD 1.97 Billion in 2017 and is projected to reach USD 2.66 Billion by 2022, at a CAGR of 6.1% from 2017 to 2022. The high demand for PTFE in various end-use industries, such as chemical & industrial processing, electronics & electrical, automotive & aerospace, consumer goods, and building & construction is expected to drive the PTFE market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=22472807
Based on form, the PTFE market has been segmented into granular, dispersion, fine powder, and micronized. Granular PTFE is the largest form due to its properties, such as chemical inertness, high-temperature resistance, outstanding chemical resistance, low coefficient of friction, exceptional adhesion, low-temperature toughness, electrical properties, and excellent water repellant properties. The availability of granular PTFE at cheap rates and wide usage in various industries are the major reasons for the high growth of the granular form segment of the market. Fine powder is the fastest-growing form segment of the PTFE market, owing to its superior stress-crack resistance, higher thermal stability, lower permeability, and higher clarity. These properties make it suitable for use in high-performance materials, low-density tapes, and comfortable sealing materials.
Based on end-use industry, the PTFE market has been segmented into chemical & industrial processing, electronics & electrical, automotive & aerospace, consumer goods, building & construction, and others. Chemical & industrial processing is the largest end-use industry segment of the PTFE market. PTFE is used in the production of vessel linings, seals, gaskets, spacers, plain bearings, gears, pipes, slide plates, and drilling parts, which are used in industrial machinery. High growth potential in the chemical industry is driving the demand for PTFE. Electronics & electrical is the fastest-growing end-use industry segment of the PTFE market.
PTFE Market, by End-use Industry:
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=22472807
Based on form, the PTFE market has been segmented into granular, dispersion, fine powder, and micronized. Granular PTFE is the largest form due to its properties, such as chemical inertness, high-temperature resistance, outstanding chemical resistance, low coefficient of friction, exceptional adhesion, low-temperature toughness, electrical properties, and excellent water repellant properties. The availability of granular PTFE at cheap rates and wide usage in various industries are the major reasons for the high growth of the granular form segment of the market. Fine powder is the fastest-growing form segment of the PTFE market, owing to its superior stress-crack resistance, higher thermal stability, lower permeability, and higher clarity. These properties make it suitable for use in high-performance materials, low-density tapes, and comfortable sealing materials.
Target Audience:
- Manufacturers of PTFE
- Chemical Suppliers
- Traders, Distributors, and Suppliers of PTFE
- Raw Material Suppliers
- Government and Research Organizations
- Industry Associations
Based on end-use industry, the PTFE market has been segmented into chemical & industrial processing, electronics & electrical, automotive & aerospace, consumer goods, building & construction, and others. Chemical & industrial processing is the largest end-use industry segment of the PTFE market. PTFE is used in the production of vessel linings, seals, gaskets, spacers, plain bearings, gears, pipes, slide plates, and drilling parts, which are used in industrial machinery. High growth potential in the chemical industry is driving the demand for PTFE. Electronics & electrical is the fastest-growing end-use industry segment of the PTFE market.
Key players profiled in the report include Chemours (US), Daikin (Japan), 3M (US), Solvay (Belgium), Asahi Glass Company (Japan), Dongyue (China), Zhejiang Juhua (China), Shanghai 3F New Materials Company Ltd. (China), HaloPolymer (Russia), and Gujrat Fluorochemicals (India).
- Chemical & Industrial Processing
- Electronics & Electrical
- Automotive & Aerospace
- Consumer Goods
- Building & Construction
- Others
No comments:
Post a Comment