The global PTFE Market is expected to reach USD 6,440.0
million by 2020, growing at a CAGR of 8.1% from 2013 to 2020, according to new
market research report recently published by Grand View Research, which also
estimates global PTFE consumption to reach 524.1 kilo tons by 2020.
The growing market for non-stick cookware,
which uses PTFE, widely in Dupont’s Teflon form is expected to continue to be a
stable growth avenue for market participants. Additionally, a surge in coating
demand for wires and cables and the global trend in automotive weight reduction
is also expected to provide multiple growth avenues to the PTFE industry.
Volatile fluorspar supply and environmental concerns regarding
Perfluorooctanoic acid (PFOA) content are expected to be roadblocks for PTFE
manufacturers over the next six years.
Full research report on PTFE Market analysis: http://www.grandviewresearch.com/industry-analysis/Polytetrafluoroethylene-Industry
Further Key findings from the study suggest:
·
Granular PTFE dominated the product market,
accounting for over 32% of global volumes in 2012, sales were strongest in Asia
Pacific, with consumption expected to reach 67.2 kilo tons in 2020, growing at
a CAGR of over 10% from 2013 to 2020
·
Powdered PTFE, both in micro-powder and
fine-powder form accounted for over 43% of global volumes in 2012. Powdered
PTFE is commonly used in aerospace, automotive, wire coatings and textile
membranes
·
Automotive applications, majorly in
equipment manufacturing, dominated PTFE demand in 2012, accounting for close to
28% of global volumes in 2012. Asia Pacific PTFE sales for automotive
equipments are expected to reach USD 614.4 million by 2020, growing at a CAGR
of over 8% from 2013 to 2020
·
Industrial and electronic applications
together accounted for over 48% of global PTFE volumes in 2012
·
Asia Pacific is expected to maintain market
dominant position, and is expected to account for over 37% of global PTFE
consumption by 2020. North America PTFE demand was estimated to be 76.8 kilo
tons in 2012 and is expected to reach 155.7 kilo tons by 2020, growing at a
CAGR of 9.3% from 2013 to 2020
·
The global market is highly concentrated,
with top four participants accounting for over 65% of total sales in 2012.
DuPont, Daikin, Solvay, 3M and Arkema are key participants in the PTFE
industry, accounting for over 70% of the global production capacity in 2012
View more reports of
this category by Grand View Research at: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins
The global PTFE market has been broken down in to the
following segments:
PTFE Application
Outlook
·
Industrial Processing
·
Electronics
·
Automotive &
Transportation
·
Others (Cookware, Construction, Textiles
etc.)
PTFE Product Outlook
·
Granular
·
Micro-powder
·
Fine-powder
·
Others (Dispersion, Liquid, etc.)
PTFE Regional
Outlook
·
North
America
·
Europe
·
Asia Pacific
·
RoW
Access Full
Press Release of this Report:
https://www.grandviewresearch.com/press-release/ptfe-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more
information: https://www.grandviewresearch.com/
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