LONDON, July 22, 2016 /PRNewswire/ --
Polytetrafluoroethylene (PTFE), a homopolymer of
tetrafluoroethylene, is a linear chain polymer of great molecular
length, or a "long chain" fluorocarbon, with the chemical formula
(CF2CF2)n. PTFE resins have exceptional resistance to high
temperatures, chemical reaction, corrosion, and stress-cracking.
The mechanical toughness, electrical, and low-friction properties
of PTFE make it the plastic of choice for a host of applications
and different processing techniques.
PTFE's vast potential applications in developing world such as
China, India, Russia
and other emerging countries is a key opportunity for PTFE
manufacturers, that would be converted into market demand by new
product and application development. Increasing use of novel
products like modified PTFE and expanded PTFE in applications such
as chemical processing, electrical & electronics, medical
devices and filtration is set to increase the global demand for
PTFE in the coming years. Micronized PTFE is estimated to be the
fastest growing product form owing to the increasing usage in
applications including thermoplastics, lubricants and inks.
Global market for Polytetrafluoroethylene (PTFE) has reached 165
thousand metric tons in 2015 and is projected to reach 247 thousand
metric tons by 2022 at a CAGR of 5.6% between 2016 and 2022. In
regard to the market value, global demand for PTFE is projected to
touch US$2.9 billion by 2022.
Accounting for a share estimated at 53% and equating to 87.4
thousand metric tons in 2015, Asia-Pacific is the leading global consumer of
PTFE, which is also likely to post the fastest 2016-2022 CAGR of
7.3%. The chemical processing sector leads the global volume
consumption of PTFE with an estimated 50.9 thousand metric tons
(30.9% share). In terms of growth, the volume market for PTFE in
the automotive & transportation sector is likely to post the
fastest 2016-2022 CAGR of 6.9% and reach a projected 34.1 thousand
metric tons by 2022.
Worldwide market for PTFE product forms explored in this study
includes Granular PTFE, PTFE Fine Powders, PTFE Micronized Powders
and PTFE Aqueous Dispersions. The report also analyzes the key
end-use sectors of PTFE comprising Chemical Processing, Electricals
& Electronics, Mechanical/Industrial, Automotive &
Transportation, Building & Construction and Other Sectors
including such as Medical and Textiles etc. The global markets for
the above mentioned product forms, end-use sectors are analyzed in
terms of volume in metric tons and value in USD.
The report reviews, analyses and projects the
Polytetrafluoroethylene (PTFE) market for the period 2012-2022
globally and the regional markets including North America, Europe, Asia-Pacific and Rest of World. The regional
markets further analyzed for 12 independent countries across
North America – The United States, Canada and Mexico; Europe – France, Germany, Italy, Russia
and the United Kingdom; and
Asia-Pacific – China, Japan,
India and South Korea.
This 342 page global market research report includes 244 charts
(includes a data table and graphical representation for each
chart), supported with meaningful and easy to understand graphical
presentation, of market numbers. This report profiles 12 key global
players and 25 major players across North
America – 3; Europe – 5;
and Asia-Pacific – 17. The
research also provides the listing of the companies engaged in
manufacturing, processing and compounding of PTFE. The global list
of companies covers the address, contact numbers and the website
addresses of 108 companies.
Download the full report:
https://www.reportbuyer.com/product/3769747/
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