Global Polytetrafluoroethylene Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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MarketResearch.biz delivers in-depth insights on the global polytetrafluoroethylene market in its upcoming report titled, “Global Polytetrafluoroethylene Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global polytetrafluoroethylene market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global polytetrafluoroethylene market report has been segmented on the basis of product type, end-use industry, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Polytetrafluoroethylene also known as teflon, is a synthetic fluoropolymer of tetrafluoroethylene. The chemical formula of polytetrafluoroethylene is (C2F4). It is a fluorocarbon solid with high molecular weight composed of carbon and fluorine and has lowest coefficients of friction as compared to any solid, and is used for various purposes such as coating of cookware, as lubricants to reduce friction, and in machinery.
Rising demand for polytetrafluoroethylene for industrial processing and from chemical industry is a key factor driving growth of the global polytetrafluoroethylene market. In addition, increasing adoption of polytetrafluoroethylene from industries such as electronics and electrical, automotive, and cookware is another factor expected to fuel growth of the global market over the forecast period. Moreover, increasing demand from healthcare industry is another factor expected to fuel growth of the global market to a considerable extent over the forecast period.
However, high product price owing to rising price of raw material is a major factor restraining growth of the global market. Moreover, stringent environmental regulation is another factor restraining growth of the global polytetrafluoroethylene market.
The Asia Pacific polytetrafluoroethylene market accounts for highest share in terms of revenue in the global polytetrafluoroethylene market and is expected to maintain its dominance over the forecast period. This dominance can be attributed to rapid development in chemical sector and increasing investment in chemical manufacturing plants. The North America market accounts for significant share in the global polytetrafluoroethylene market in terms of revenue and is expected to witness significant growth in next 10 years. The Europe polytetrafluoroethylene market is expected to witness moderate growth and is expected to register a CAGR of X.X% in next few years.
Global polytetrafluoroethylene market segmentation:
Segmentation on the basis of product type:
- Others (dispersion, and liquid)
Segmentation on the basis of end-use industry:
- Chemical and industrial processing
- Electronics and electrical
- Automotive & transportation
- Others (cookware, construction, and textiles)
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- 3M Company
- The Chemours Company
- AGC Chemicals Americas, Inc.
- Arkema SA
- DAIKIN INDUSTRIES, Ltd
- Asahi Glass Co., Ltd.
- Gujarat Fluorochemicals Ltd.
- Zhejiang Juhua Co., Ltd.
- Solvay SA
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