February 14, 2020 - 5:05 AM EST
Global Polytetrafluoroethylene Market Research Report, Industry Trends and Forecast to 2024 - Featuring AGC, Daikin Industries & Solvay SA Among Others - ResearchAndMarkets.com
Global Polytetrafluoroethylene Market Research Report, Industry Trends and Forecast to 2024 - Featuring AGC, Daikin Industries & Solvay SA Among Others - ResearchAndMarkets.com


The "Polytetrafluoroethylene Market Research Report: By Type, Application, End User, Geographical Outlook - Global Industry Trends and Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

In 2018, the global polytetrafluoroethylene (PTFE) market generated a revenue of $2,197.8 million and is projected to attain a value of $2,953.6 million in 2024, witnessing a 5.0% CAGR during the forecast period (2019-2024).

In terms of end use, the industrial processing sector is predicted to dominate the market during the forecast period, as the chemical is utilized for coating different products in the chemical processing industry in order to improve the electrical load bearing capacity of the base material, decrease friction and sticking, and enhance chemical and heat resistance.

On the basis of type, granular category is expected to hold the largest share of the PTFE market during the forecast period, which is attributed to the suitability and extensive usage of this type in seals, gaskets, and rings for aerospace and automotive applications. The fastest growth is projected to be registered by the powder category during the forecast period because of its wide applications in coatings and electrical tapes, cables, and wires. In terms of application, the market is predicted to be dominated by the coatings' division during the forecast period.

The rising requirement for PTFE from the electrical & electronics industry is a key driving factor of the PTFE market. PTFE finds in applications in different electrical & electronics products, such as fabrication of semiconductor devices, cable tires, barb insulators, battery binders, connectors, circuit breakers, and brush holders. In addition to this, the requirement for electrical and electronics goods is expected to increase in the coming years due to the growing population, primarily in the South Asian countries. This is further projected to drive the demand for PTFE.

The utilization of PTFE in medical devices is a key trend in the PTFE market. PTFE has replaced the usage of conventional plastics because of its properties such as resistance to ultraviolet radiation, coefficient of friction, and chemical inertness. These properties make it suitable for sutures, bio-containment vessels, catheters, and syringes. Apart from this, the high chemical resistivity of PTFE makes it suitable for multi-lumen tubing, which is needed in minimally invasive procedures.

Key Topics Covered:

Chapter 1. Research Background

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments

4.1.1 By Type Powder Granules Aqueous Dispersion

4.1.2 By Application Tubes Films & Sheets Fabrics Coatings Wires & Cables Tapes Others

4.1.3 By End User Automotive Construction Electrical & Electronics Industrial Processing Medical Others

4.2 Value Chain Analysis

4.3 Manufacturing Processes

4.4 Market Dynamics

4.4.1 Trends Adoption in medical devices

4.4.2 Drivers Increasing demand for non-stick cookware Increasing demand for PTFE in electrical and electronics industry Impact analysis of drivers on market forecast

4.4.3 Restraints Irregular supply of PTFE Impact analysis of restraints on market forecast

4.4.4 Opportunities Adoption in beauty care products

4.5 Gross Margin Analysis of PTFE Producers

4.6 Regulatory Framework

4.6.1 Food Contact Regulations

Chapter 5. Global Market Size and Forecast

5.1 By Type

5.2 By Application

5.3 By End Use

5.4 By Region

Chapter 6. North America Market Size and Forecast

Chapter 7. Europe Market Size and Forecast

Chapter 8. APAC Market Size and Forecast

Chapter 9. RoW Market Size and Forecast

Chapter 10. Competitive Landscape

10.2 Competitive Benchmarking of Key Players

10.3 Strategic Developments of Key Players

10.4 List of PTFE Manufacturers

10.5 List of PTFE Processors

Chapter 11. Company Profiles

11.1 3M Company

11.1.1 Business Overview

11.1.2 Product and Service Offerings

11.1.3 Key Financial Summary

11.2 Gujarat Fluorochemicals Ltd.

11.3 AGC Inc.

11.4 Daikin Industries Ltd.

11.5 Solvay SA

11.6 Juhua Group Corporation

11.7 The Chemours Company

11.8 Zhonghao Chenguang Research Institute of Chemical Industry

11.9 Shandong Dongyue Polymer Material Co. Ltd

11.10 Shanghai 3F New Materials Co. Ltd. Company

For more information about this report visit https://www.researchandmarkets.com/r/ghdi3h

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Source: Business Wire (February 14, 2020 - 5:05 AM EST)