PTFE Market Consumption Grow by $2,114.7 Million in 2018

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MarketsandMarkets Presents
PTFE Market Consumption Grow by 2,114.7 Million
in 2018
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lytetrafluoroethylene-market-22472807.html
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The report,"PTFE Market, By Form (Granular,
Fine, Aqueous Dispersion, Micronized), By
Application (Industrial Goods, Coating, Filled
PTFE), By End Industry (Chemical, Automotive,
Medical, Food, Textile, Others), By Geography -
Trends Forecasts to 2018", defines and segments
the global PTFE market with an analysis and
forecasting of the global consumption volume and
value. Browse gtgt 95 data
tables 52 figures 224
pages and in-depth TOC on PTFE Market 
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y buyers will receive 10 customization of
reports.
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Asia-Pacific The Biggest Market of
PTFE Asia-Pacific is the worlds largest and
fastest-growing market of PTFE, which consumed
nearly half of the total demand, and also a major
consumer of PTFE end products. China and Japan
are the key consumers of PTFE in Asia-Pacific,
while countries including South Korea and India
have comparatively small consumption levels.
Chemical processing and Mechanical end industries
segments are driving the demand for PTFE
products, which in turn is pushing the demand for
PTFE within the region. The growing industrial
expansions in the region have also led to
increased consumption of PTFE. The PTFE market is
also up surging due to high penetration of
material in industries like medical or automotive
which have further helped the PTFE market to
emerge in the region. Various innovations,
developments, and expansions in different
industries have in turn made the region a
potential growth market for PTFE and its products
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Fine Powder-The fastest growing by form segment
and Filled PTFE-the fastest growing PTFE
application Fine powder is manufactured through
emulsion polymerization technique and is
processed mainly in form of paste. Fine powder is
mainly consumed in applications like tubing,
sealing tape, membrane, insulation layer of wire,
liners, and so on. Fine powder form is the
fastest growing PTFE form with a CAGR of 6.7 to
2018. The major growth driver for PTFE powder is
the growing PTFE membrane market which utilizes
majorly fine powder for its manufacturing. The
PTFE membrane market has a wide scope for its
expansion which in turn would help in increasing
consumption of PTFE fine powder. PTFE granular
powder remains the dominant PTFE form and is
expected to be the largest in coming
future. Filled PTFE is the fastest growing
application of PTFE and is anticipated to be
worth 383.2 million by 2018. The addition of
fillers to virgin PTFE resins enhances the
standard properties and helps in widening the
scope of PTFE application in various industries.
Fillers like graphite, glass, carbon, etc. are
used to produce Filled PTFE.
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Chemical Processing-the biggest end-user
industry An estimated annual consumption of 39.2
kilo tons in 2012 makes chemical processing
industry a leading consumer of PTFE. PTFE owing
to its properties like inertness to chemicals and
high thermal stability is used to manufacture
components like tubes, pipes, bushes, gaskets,
bellows and so on which are used in chemical
processing industry to carry chemicals, fluids,
acids, and so on. PTFE is also used majorly in
industries like electronics, semiconductor, food
and household, and so on. 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.),
etc. are some of the major manufacturers of PTFE.
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