According to a new market report published by Lucintel, the future
of the global Polytetrafluoroethylene (PTFE)
market is positive with opportunities in
various end use industries, including industrial
processing, electrical and electronics, automotive, construction, and
healthcare. The global PTFE market is expected
to reach an estimated $3.2 billion by 2023 and it is forecast to grow at a CAGR
of 5.9% from 2018 to 2023. 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.
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 global PTFE market
by form type, end use industry, application, and region. Lucintel has prepared
a comprehensive research report entitled “Growth
Opportunities in the Global PTFE Market 2018-2023: 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
global PTFE market by end use industry, form
type, application, and region as follows:
By
Product Form (Volume (Million Pounds) and $M
shipment analysis for 2012 – 2023):
- Micronized Powder
- Granular
- Fine Powder
- Aqueous Dispersion
By
End Use Industry (Volume (Million Pounds) and $M shipment analysis for 2012 –
2023):
- Industrial
processing
- Electrical
and Electronics
- Automotive
- Construction
- Healthcare
- Others
By
Application (Volume (Million Pounds) and $M shipment analysis for 2012 – 2023):
- Ink
and Coatings
- Plastics
- Grease
and Lubricants
- Others
By
Region (Volume (Million Pounds) and $M shipment analysis for 2012 – 2023):
·
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 helpdesk@lucintel.com. Lucintel
offerings include Chemical
Market Research Reports, Chemical
Industry Analysis Report, Mergers
& Acquisitions, Due Diligence and
SWOT
Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1
What are some of the most promising potential, high-growth opportunities for
the global PTFE market by form type (micronized powder, granular, fine powder
and aqueous dispersion), application (ink and coatings, plastics, grease and
lubricants and others), end use industry (industrial processing, electrical and
electronics, automotive, construction, healthcare, and others), and region
(North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2
Which segments will grow at a faster pace and why?
Q.3
Which regions will grow at a faster pace and why?
Q.4
What are the key factors affecting market dynamics? What are the drivers and
challenges of the market?
Q.5
What are the business risks and threats to the market?
Q.6
What are emerging trends in this market and the reasons behind them?
Q.7
What are some changing demands of customers in the market?
Q.8
What are the new developments in the market? Which companies are leading these
developments?
Q.9
Who are the major players in this market? What strategic initiatives are being
implemented by key players for business growth?
Q.10
What are some of the competitive products and processes in this area and how
big of a threat do they pose for loss of market share via material or product
substitution?
Q.11
What M & A activities have taken place in the last 5 years in this market?
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