Global Polytetrafluoroethylene Market is expected to reach USD 2.96 billion by 2025, from USD 1.93 billion in 2017 growing at a CAGR of 6.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Global Polytetrafluoroethylene Market, By Form (Granular/Molded Powder, Fine Powder, Dispersion, Micronized Powder), By End-User (Chemical & Industrial Processing, Automotive & Aerospace, Electrical & Electronics, Building & Construction, Consumer Goods, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
The global polytetrafluoroethylene market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of polytetrafluoroethylene market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors/Players:
- Gujarat Fluorochemicals,
- Asahi Glass Company,
- Shanghai 3f New Materials Company,
- Zhejiang Juhua,
- Shamrock Technologies,
- Jiangsu Meilan Chemical,
- Mitsui Fluorochemicals,
- Chenguang Research Institute of Chemical Industry,
- Micro Powders,
- Hubei Everflon Polymer,
- among others.
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Major Market Drivers & Restraint:
- High demand from end-use industries
- Increasing demand in emerging countries
- Rise in use of reprocessed PTFE
- Stringent environmental regulations
- High demand in medical applications
- The global polytetrafluoroethylene market is segmented based on form, end-user and geographical segments.
- Based on form, the global polytetrafluoroethylene market is segmented into oxidation of granular/molded powder, fine powder, dispersion, micronized powder and others.
- On the basis of end-user, the global polytetrafluoroethylene market is classified into chemical & industrial processing, automotive & aerospace, electrical & electronics, building & construction, consumer goods and others. Chemical & industrial processing is further sub-segmented into chemical processing, oil & gas, pharmaceutical and others. Automotive & aerospace is further sub-segmented into automotive and aerospace.
- Based on geography, the global polytetrafluoroethylene market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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