Global Polytetrafluoroethylene (PTFE) Industry Trends and Market Segment Forecasts to 2020 - Worldwide Market Share, Players and Analysis by GrandViewResearch
San Francisco, CA, December 26, 2013 --(PR.com
)-- Polytetrafluoroethylene (PTFE) is a synthetic high molecular weight solid state fluorocarbon consisting entirely of carbon and fluorine atoms and is also widely recognized as Dupont’s Teflon, commonly used in nonstick cookware. PTFE is commonly available in granular, micro-powder, fine-powder and dispersion forms, based on application. Products are generally resins, with 15% glass reinforced, 25% glass reinforced and chemically modified to be key PTFE products.
PTFE is an important fluoropolymer, accounting for a significant chunk of the global market. Fluorspar, chloroform and hydrochloric acid are essential raw materials for PTFE. Fluorspar is a halide mineral made up of calcium fluoride CAF2. Fluorspar is used to prepare Hydrogen fluoride (HF) the basic ingredient of PTFE. DuPont, 3M, Daikin Japan, Arkema, Solvay, Zeus Inc., Halopolymers, Gujarat Fluoropolymers and Saint Gobain are key PTFE manufacturers.
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Granular, micro-powder and fine-powder PTFE most widely use products, and accounted for over 70% of the total market volume in 2012. Granular PTFE is widely used for production of semi-finished parts including sheets, rods and billets that are machined into complex shapes like static and dynamic seals, gaskets and so on. Fine-powder products are commonly used in the aerospace industry, automotive industry, wire coatings and textile membranes.
Industrial processing, electronics and automotive are some of the key applications identified and analyzed in this report. These segments accounted for over 70% of the overall market volumes in 2012. PTFE also finds applications in coatings, automobile electrical and bearings. Industrial applications also include chemical processing, especially where inert conditions are a mandate. Common PTFE uses in the chemical industry include gaskets, linings, washers, pump interiors, seals and spacers. Other key applications include cookware non-stick coatings, medical and textiles.
Asia Pacific dominates the global market, in terms of both production and consumption, owing to surging demand from downstream application markets. North America and Europe are expected to remain comparatively saturated markets for PTFE, and are expected to lose global consumption share to emerging economies, especially in South America over the next seven years.
The market research study takes a closer look at the PTFE industry, providing a holistic perspective on market dynamics, trends, supply and demand. Their reports deep-dives into the market and segments it on multiple levels and providing key insights on a global as well as regional level. The study aims at providing granular information, regarding estimates and forecasts for key applications and product segments. The report also provides the same level of information for key regional markets of North America, Europe, Asia Pacific and others.
GrandViewResearch market research reports are developed using a 3600 methodology, which provides a balance between published authenticated data and exclusive primary research. They conduct exhaustive primary interviews with key industry participants, in order to enable readers to get a realistic feel of the industry pulse and facilitate decision making. Their unique excel-based reports not only provide key insights on the industry, but also quick and easy data access, with enhanced usability at minimum effort.
GrandViewResearch market research study attempts to provide insights to senior and top-level management, on critical industry questions such as the current and expected PTFE global and regional supply-demand scene, drivers, restraints, opportunities and key trends in the market and how will these trends impact the market in coming years. Demand estimate and forecast for key application segments in the market, broken down by region have been provided in the study. The report also throws light on key industries for growth opportunities for film manufacturers and suppliers and the competitive landscape along with market presence of key participants.
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