The Asia-Pacific PTFE Market is estimated to reach $1010.15 million by 2019

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Worlds 1st Real Time Market Intelligence
MicroMarket Monitor
Forecasts

• The Asia-Pacific PTFE Market is estimated to
  reach 1010.15 million by 2019

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Asia-Pacific PTFE Market is estimated to grow at
a CAGR of 8.3 from 2013 to 2018, driven by huge
investments from manufacturing companies in
end-user industries. Key Players in the
Asia-Pacific PTFE market are Dongyue Group Co.,
Ltd. (China), Gujarat Fluorochemicals Ltd.
(India), and Chenguang Research Institute of
Chemical Industry (China). A rapidly growing
manufacturing sector in the developing regions is
impacting the demand of polytetrafluoroethylene
in the Asia-Pacific market. As a result, its
consumption is expected to grow in industrial
goods and paint and coating applications in
Asia-Pacific.
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Browse through the market data tables, figures
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• PTFE is a versatile engineering plastic
  manufactured from tetrafluoroethylene (TFE),
  which in turn is prepared by pyrolysis of
  chlorodifluoromethane. PTFE has high inertness to
  chemicals, resistance to solvents, lowest
  coefficient of friction, low dielectric constant
  and dissipation factor, excellent insulation
  properties, and a wide operating temperature
  range. PTFE is also very slick and slippery,
  which makes it an excellent material for coating
  machine parts which are subjected to heat, wear,
  and friction. It is also useful as a coating for
  cookware and utensils.

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• The global consumption of polytetrafluoroethylene
  is driven by the Asia-Pacific market. The
  countries in the region include China, India,
  Japan, and South Korea.
• In 2013, China led the market in terms of
  consumption of the polytetrafluoroethylene
  market, followed by Japan and South Korea.
  Companies are investing and expanding to reach
  global competition and are contributing to GDP
  growth, which is the major factor aiding the
  growth of the polytetrafluoroethylene market in
  the region.

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