DUBLIN--(BUSINESS WIRE )--The "Polytetrafluoroethylene (PTFE) Market Size, Share & Trends Analysis Report By Product (Granular, Fine-powder), By Application (Industrial & Chemical Processing, Electrical & Electronics), And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global polytetrafluoroethylene (PTFE) market size is expected to reach USD 4.33 billion by 2025 and is projected to expand at a CAGR of 5.2% over the forecast period.
Polytetrafluoroethylene is widely used in a broad range of applications including chemical processing, industrial processing, electrical and electronics, building and construction, and automotive and transportation. It is an opaque plastic fluoropolymer made by free-radical polymerization of Tetrafluoroethene (TFE) monomers. The market is mainly driven by the growing product demand in non-stick cookware and wire and cable coatings.
However, automotive and transportation remained the largest application segment for PTFE. In U.S., the automotive industry is at the forefront of technology and product advancement. New R&D initiatives are transforming the auto sector to better respond to the opportunities created in the past few years. According to The International Trade Administration (ITA), U.S. exported approximately 2 million new light vehicles and 130,000 medium and heavy trucks to more than 170 markets across the world in 2017. U.S. is the largest contributor in the North America region and is also expected to drive the global market owing to the presence of major application industries in the country.
Electrical and electronics application segment is projected to witness the fastest growth over the forecast years due to increasing product use in semiconductor fabrication, lithium-ion batteries, and wires and cables insulation. China is one of the world's largest manufacturing hub for electronic products. This factor is expected to fuel the demand for PTFE in electronics and electrical application segment. Automotive industry in India is set to witness major changes in the form of shared mobility and Electric Vehicles (EVs). Positive outlook in the Indian automotive industry is expected to augment the product demand over the next few years.
Further key findings from the study suggest:
Chapter 3 Polytetrafluoroethylene (PTFE) Market Variables, Trends and Scope
3.2 Penetration and growth prospect mapping
3.4.1 European Chemicals Agency (EU Union)
3.4.2 Code of Federal Regulations (CFR)
3.4.3 United States Environmental Protection Agency (U.S. EPA)
3.4.4 Water Regulations Advisory Scheme Ltd. (WRAS)
3.4.5 American Society for Testing and Materials (ASTM) International
3.5.1.1 Increasing demand from various end use industries
3.5.1.2 High demand in Emerging countries of Asia Pacific
3.6 Polytetrafluoroethylene (PTFE) market - Porter's analysis
3.7 Polytetrafluoroethylene (PTFE) market - PESTEL analysis
Chapter 4 Polytetrafluoroethylene (PTFE) Market: Product Estimates & Analysis
4.1 Polytetrafluoroethylene (PTFE) market: Product movement analysis
Chapter 5 Polytetrafluoroethylene (PTFE) Market: Application Estimates & Analysis
5.1 Polytetrafluoroethylene (PTFE) market: Application movement Analysis
Chapter 6 Polytetrafluoroethylene (PTFE) Market: Region Estimates & Analysis
6.1 Polytetrafluoroethylene (PTFE) market: Region movement analysis
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 Related Topics: Engineering Plastics
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 Related Topics: Engineering Plastics