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.
Polytetrafluoroethylene (PTFE) |
To view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/polytetrafluoroethylene-industry
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:
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
View press release of this research report by Grand View Research:
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