Polytetrafluoroethylene (PTFE) Market is expected to display rapid growth in forthcoming years. PTFE stands for Polytetrafluoroethylene and its best brand product is Teflon an original Chemours discovery. PTFE is a fluorescent solid and its main constituents include Carbon and fluorine. PTFE is hydrophobic with a lowest coefficient of friction among all solids. PTFE is used in diverse applications from all walks of life and its range commences from kitchen cookware where it helps in non-stick coating for pans and PTFE benefits roll into other applications as well such as containers and pipes helped along by anti-corrosive properties when used with corrosive chemicals. PTFE is also used in medical equipment in hospitals and as a graft material in interventional surgeries.
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The PTFE micro powders are made from virgin polytetrafluroethylene resin or recycled PTFE waste. Asia Pacific is witnessing highest market share for Polytetrafluoroethylene (PTFE) markets and will do so in forecast period as well. India with a rising population, better investment cycles and fully developed economies as well as progressive government initiatives are witness to high growth in this region. Growth in Asia Pacific is motivated by the sheer predominance of the region’s growth in chemical industry. Thermoplastic is the most favorable and inks though being the topmost segment in PTFE market, thermoplastic holds near to three-fourth of market share. Inks need to be supplemented with different additives in order to be useful in various end-user industries and balance of additive selection has to be just right otherwise this may destroy the entire formulation. Furthermore, PTFE micro powders is the powder of choice even for inks because of strong properties of micro powders such as small particle size, abrasion /rub resistance and blocking.
Segmentation of Polytetrafluoroethylene (PTFE) Market by type includes granular, aqueous dispersion and micronized. Segmentation of PTFE Market by application includes chemical, automotive, medical, food, textile and others. Segmentation of PTFE Market by geographical region includes North America, Europe, Asia Pacific, MEA and Latin America. The key players in the industry include 3M, Saint-Gobain, Henkel, Daikin, Asahi Glass, Dongyue Group, E.I DuPont Neymours & CO., Gjarta flurochemcials, HAlopolymer, Jiangsu Mielan Chemical, Shaanghai 3f New Materials, Solvay, Shejiang and Juhua.
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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of PTFE in these regions, from 2012 to 2022 (forecast), covering
• North America
• Southeast Asia
Global PTFE market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Gujarat Fluorochemicals Limited
• Fluoron Chem
• Shanghai Fluorochem
• Shanghai Bestmore Industry
• PTFE Industries
• Hangzhou Ruijiang Chemical
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Molded Powder
• Fine Powder
• Micronized Dispersion
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of PTFE for each application, including
• Chemical Processing
• Food & Household