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:
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
Browse More Reports Of This
Category By Grand View Research At: 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:
www.grandviewresearch.com/press-release/ptfe-market
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: www.grandviewresearch.com
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