DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
The global polytetrafluoroethylene (PTFE) market size is expected to reach USD 4.33 billion by 2025 and 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.
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.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Polytetrafluoroethylene (PTFE) Market Variables, Trends and Scope
3.1 Market segmentation and scope
3.2 Penetration and growth prospect mapping
3.3 Value chain analysis
3.3.1 Raw material analysis
3.4 Regulatory framework
3.4.1 European Chemicals Agency (EU Union)
3.4.1.1 Classification and Labelling (CLP)
3.4.1.2 REACH
3.4.2 Code of Federal Regulations (CFR)
3.4.3 United States Environmental Protection Agency (U.S. EPA)
3.4.4 Water Regulations Advisory Scheme Ltd. (WRAS)
3.4.5 American Society for Testing and Materials (ASTM) International
3.5 Polytetrafluoroethylene (PTFE) market dynamics
3.5.1 Market driver analysis
3.5.1.1 Increasing demand from various end use industries
3.5.1.2 High demand in Emerging countries of Asia Pacific
3.5.2 Market restraint analysis
3.5.2.1 Volatile prices of PTFE
3.6 Polytetrafluoroethylene (PTFE) market - Porter's analysis
3.7 Polytetrafluoroethylene (PTFE) market - PESTEL analysis
Chapter 4 Polytetrafluoroethylene (PTFE) Market: Product Estimates & Analysis
4.1 Polytetrafluoroethylene (PTFE) market: Product movement analysis
4.2 Granular
4.3 Micro-powder
4.4 Fine-powder
4.5 Others
Chapter 5 Polytetrafluoroethylene (PTFE) Market: Application Estimates & Analysis
5.1 Polytetrafluoroethylene (PTFE) market: Application movement Analysis
5.2 Industrial & chemical processing
5.3 Electrical & electronics
5.4 Automotive & transportation
5.5 Others
Chapter 6 Polytetrafluoroethylene (PTFE) Market: Region Estimates & Analysis
6.1 Polytetrafluoroethylene (PTFE) market: Region movement analysis
Chapter 7 Competitive Landscape
7.1 Vendor landscape
7.1.1 List of raw materials
7.1.2 List of manufacturers
7.1.3 List of suppliers/distributors
7.1.4 List of end users
7.2 Competitive Environment
7.3 Company market positioning
Chapter 8 Company Profiles
- The 3M Company
- AGC Chemicals Americas, Inc.
- Arkema SA
- Daikin Industries Ltd.
- E. I. du Pont de Nemours and Company
- Halopolymer, OJSC
- Zhejiang Juhua Co. Ltd
- Zeus Industrial Products, Inc.
- Solvay SA
- Dongyue Group
- Shanghai 3F New Materials Co. Ltd.
- Jiangsu Meilan Chemical Co., Ltd.
- Chenguang R.I.C.I.
- Gujarat Fluorochemicals Limited
- Shamrock Technologies
For more information about this report visit https://www.researchandmarkets.com/research/x97nkd/global?w=4
