According to a new market report published by Lucintel, the future of the Polytetrafluoroethylene (PTFE) market is positive with opportunities in various end use industries, including industrial processing, electrical and electronics, automotive, construction, and healthcare. The PTFE market is expected to reach an estimated $3,402.9 billion by 2024 and it is forecast to grow at a CAGR of 5.8% from 2019 to 2024. The major driver for growth in this market is increasing demand for high performance polymers in industrial processing, automotive, electrical and electronics industries due to PTFE’s superior properties such as non-adhesiveness, low friction, non-stick, high dielectric, and chemical resistance.
Browse 117 market data tables and 145 figures spread through 208 pages and in-depth TOC on “Polytetrafluoroethylene (PTFE) Market"
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In this market, industrial processing, healthcare, electrical and electronics are the major end use industries. On the basis of its comprehensive research, Lucintel forecasts that industrial processing will remain the largest segment by value and volume and will experience the highest growth over the forecast period supported by increasing demand of PTFE for corrosion resistant equipment in chemical processing plants.
Micronized powder, granular, fine powder, and aqueous dispersion are the major product foam used in different end use industries. Micronized powder is expected to be the largest PTFE form by value and volume and will experience the highest growth over the forecast period because of its wear resistance, lubricity, and flame retardant properties.
Asia Pacific (APAC) is expected to remain the largest region by value and volume, and is also expected to experience the highest growth over the forecast period due to growth in end use industries.
Emerging trends that have a direct impact on the dynamics of the PTFE industry include the emergence of recycling of TFE monomers for PTFE, and emerging new applications such as medical implants, wiring insulation and sealants. Chemours, Daikin Industries Ltd, 3M (Dyneon), Solvay and Dongyue Federation are among the major suppliers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the PTFE market by form type, end use industry, application, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the PTFE Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the PTFE market by end use industry, form type, application, and region as follows:
By Product Form (Volume (Million Pounds) and $M shipment analysis for 2013 – 2024):
· Micronized Powder
· Granular
· Fine Powder
· Aqueous Dispersion
By End Use Industry (Volume (Million Pounds) and $M shipment analysis for 2013 – 2024):
Industrial processing
Electrical and Electronics
Automotive
Construction
Healthcare
Others
By Application (Volume (Million Pounds) and $M shipment analysis for 2013 – 2024):
Ink and Coatings
Plastics
Grease and Lubricants
Others
By Region (Volume (Million Pounds) and $M shipment analysis for 2013 – 2024):
· North America
· Europe
· Asia Pacific
· The Rest of the World
This 208-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/polytetrafluoroethylene-market-2018-2023.aspx or helpdesk@lucintel.com.
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