Polytetrafluoroethylene Market 2016 Polytetrafluoroethylene Market - Global Industry A

Polytetrafluoroethylene
Market
-
Global
Industry Analysis, Size, Share, Growth, Trends
and Forecast 2016 - 2024
Global Polytetrafluoroethylene (PTFE) Market: Snapshot
Polytetrafluoroethylene (PTFE) is a fluoropolymer formed by the polymerization of
monomer tetrafluoroethylene (TFE) in presence of an initiator. It is found in
numerous product types ranging from flexible foam to elastomers and from rigid
foams to solid compositions. Its unique features include extreme chemical inertness,
excellent heat resistance, optimum dielectric properties, and low frictional
coefficient. PTFE is also combined with other materials such as glass fibers, carbon,
and graphite to improve its mechanical properties. It is a synthetic high molecular
weight fluorocarbon comprising entirely of carbon and fluorine atoms. Additionally,
PTFE is well known as Teflon, a registered brand of DuPont often used in cookware.
The global market for PTFE is highly concentrated dominated by a handful of
players. Their plans and policies have considerable impact on the overall market.
The global PTFE market is primarily gaining from the increasing demand for non-
stick cookware. The expansion of the cookware industry will therefore pave way for
the success of market players. Besides this, the rising application of PTFE in the
automotive sector will boost the market in the coming years.
However, dwindling raw material prices could limit the scope for expansion.
Nevertheless, the presence of untapped opportunities across developing regions,
besides innovative strategies adopted by the leading players to gain pace will aid
growth in the coming years. Between 2016 and 2024, the global PTFE market is
forecast to exhibit a CAGR of 4.6%. At this pace, the market will reach US$5.18 bn
by the end of 2024, from US$3.48 bn in 2015.
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ptfe-market.html
Micro Powder PTFE to Continue Dominating Global PTFE Market
PTFE is commercially available in granular, fine powder, micro powder and other
form. Of these, micro powder PTFE, which also led the overall market with a share of
30.8% in 2015, is a low molecular weight micronized particle and used as additives
in polymers, inks, paints, coatings and grease. Over the course of the forecast
period, the micro powder PTFE segment is likely to continue as the market lead.
Granular PTFE emerged as the second-leading product segment in the market in the