Global Aqueous PTFE Dispersion Market Set for Rapid Growth, To Reach Around USD 1,422.3 Million by 2020
Deerfield Beach, FL -- (SBWIRE) -- 04/21/2017 -- According to the report, the global aqueous PTFE dispersion market was valued at USD 864.6 million in 2014 and is expected to generate revenue of USD 1,422.3 million by end of 2020, growing at a CAGR of 8.60% between 2015 and 2020. In terms of volume, the global aqueous PTFE dispersion market stood at 67.9 kilo tons in 2014.
Zion Market Research has published a new report titled "Aqueous PTFE Dispersion Market for Coated Glass Fabric, Battery Binder, Coatings and Others Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020."
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Aqueous PTFE dispersion is a sub-type of polytetrafluoroethylene (PTFE). It is an aqueous milky dispersion made up of environmental friendly substitute's emulsifier and consists of very small particles of PTFE resin, stabilized in water by non ionic surfactants. It is generally used as a coating material to provide chemical resistance, non stick and low friction surfaces to metal substrates by dipping, spraying flow coating. High gloss, excellent film forming properties, excellent wetting properties, excellent chemical resistance, and improved hardness are some important properties of aqueous dispersion PTFE resins. Aqueous dispersion PTFE is widely used in coating, battery binder, coated glass fabrics and other applications.
The major driving factor for aqueous PTFE dispersion market is rapidly expanding market for nonstick coating, coated glass fiber and battery binder applications. The demand for glass fibers are driven by its largest applications, namely, building & construction, and transportation. Moreover, rapid growth in infrastructure development and automotive manufacturing, especially in the Asia Pacific region, augments the glass fibers market. China is the major contributor that accounts over 30% share of total volume consumed for the year 2014 and expected to continue this trend throughout the forecast period.
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Key application markets for aqueous PTFE dispersions include coated glass fabric, battery binder, coatings and others applications. Coatings applications dominate the market of aqueous PTFE dispersion. In terms of volume, it accounted for more than 25% of shares in overall market in 2014. It is used in variant industrial purpose because it offers outclass chemical and physical properties like good chemical and heat resistance, low coefficient of friction, etc. coated glass fiber and battery binder application are other important outlets that are set for swift augmentation during the years to come.
Asia Pacific was dominating market for aqueous PTFE dispersions and accounted over 35% of total share in terms of volume in 2014. In terms of consumption of aqueous PTFE dispersions, North America was the second largest region followed by Europe. However, Latin America and Middle East & Africa held the small share of global aqueous PTFE dispersion market in 2014.
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Global aqueous PTFE dispersion market is dominated by few large players such as DuPont, Daikin, Solvay, 3M, AGC, etc. These five companies accounted for over 70% share of the market share in 2014. DuPont is a leading manufacturer of aqueous PTFE dispersion in 2014 with over 305 shares in global market.