According to the recent study the polytetrafluoroethylene market is projected to reach an estimated $3 billion by 2030 from $2 billion in 2023 at a CAGR of 3% from 2023 to 2030. Growth in this market is primarily driven by increasing demand in the industrial maintenance sector particularly due to the chemical and oil resistance properties of polytetrafluoroethylene.
Browse 109 figures/charts
and 72 tables in this 187-page report to understand trends, opportunities and
forecast in polytetrafluoroethylene market by end use (industrial processing,
electrical and electronics, automotive, construction, healthcare, and others),
form (granular resins, fine powders, aqueous dispersion, and micronized
powders), application (micronized form by application, granular form by
application, fine powder form by application and aqueous dispersion form by
application), and region (North America, Europe, Asia Pacific, and the Rest of
the World).
Lucintel forecast
industrial processing will remain the largest end use and it is also expected
to witness the highest growth over the forecast period due to increasing demand
for polytetrafluoroethylene based plastic products in chemical processing equipment.
Micronized powder will
remain the largest segment by value and volume and also it is expected to
witness the highest growth over the forecast period because of
non-adhesiveness, low friction, non-stick nature, resistance to chemicals,
heat, shock, and moisture, high dielectric quality properties.
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polytetrafluoroethylene market
Asia Pacific (APAC) is
expected to remain the largest region by value and volume and it is also
expected to experience the highest growth over the forecast period due to
growth in end use.
Daikin, Gujarat
Fluorochemicals Ltd, 3M Dyneon, Chemours (Dupont), Hindustan Fluorocarbons
Limited, Asahi Glass Co, Kureha Corporation, HaloPolymer OJSC, Solvay Solexis
S.P.A, and Dongyue Federation are the major suppliers in the polytetrafluoroethylene
market.
This unique 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 write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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