Global PTFE Industry (Chemical, Automotive, Medical, Food, Textile, & Others) to 2018 Forecasts
Dallas, TX -- (SBWire) -- 02/28/2014 --PTFE has found a wide acceptance in various end industries, on account of its distinguished properties in comparison to other materials. On the basis of application areas, the market of PTFE can be broadly segmented into industrial goods, coatings, filled PTFE, and others. Though industrial goods and coatings are the major PTFE applications and serve an array of industries due to their various properties and performance advantages, Filled PTFE is an emerging market and the demand for the same is growing at good pace.
Asia-Pacific is the biggest market of PTFE, consuming nearly half of the total global demand for PTFE, and also the fastest growing market after ROW region. There is a lot of scope in the Asia-Pacific market due to strong and up surging manufacturing and industrial base, which are the major end consumers of PTFE. Additionally, need for high performance material for medical and textile laminates industry is pushing the demand for premium quality PTFE at a considerable pace in the region. With the emerging technological developments and innovations in the region, the demand growth for PTFE may further augment at a high pace.
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Currently, the penetration of PTFE is increasing in automotive, medical, and electronics end industry at a very high pace around the globe. Automotive, as an end industry is strong in all the regions while chemical processing industry demand is traditional and dominant. The key drivers for increasing demand of PTFE in all the sectors are growing demand due to emerging application in medical industry and continuous industrial expansions in Asia-Pacific. On the other hand, upcoming trend of PTFE property modifications on the basis of specific requirements that is mPTFE and increasing consumption of expanded PTFE (ePTFE) in membrane market and other applications are the major upcoming opportunities in the market, and technological developments, and innovations are identified as key strategies to capitalize on these opportunities.
This study on PTFE market estimates the global demand for PTFE and market value for 2013 and projects the expected demand and market value of the same by 2018. As a part of quantitative analysis, the study segments the global market by form, application and end industry at a country level with current market estimation and forecast till 2018. The countries covered in the report are China, Japan, South Korea, India, U.S., Germany, Italy, France, Russia, and Brazil. The segmentation by form includes PTFE granular/molded powder, PTFE fine powder, PTFE aqueous dispersion and PTFE micronized powder; while on the basis of its application the segmentation includes industrial goods, coatings, Filled PTFE and others. The market on the basis of end industry is segmented into automotive, semiconductor, electronics, chemical processing, textile laminates, medical, mechanical, construction, food & household, and others.
Further as a part of qualitative analysis, the research provides report with a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, and key issues in the market. It also includes the company profiling and competitive strategies adopted by various market players including Dongyue Group Ltd. (China), E.I. DuPont De Nemours and company (U.S.), Asahi Glass Co. Ltd. (Japan), Gujarat Fluorochemicals Ltd. (India), 3M Company (U.S.), and others.
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