Polytetrafluoroethylene Market 2016 Polytetrafluoroethylene Market - Global Industry A | Page 2

same year. It is generally used for the manufacturing of semi-finished parts such as
sheets, rods, billets, cubes. Fine powder PTFE is paste extruded powder, which is
generally used for the manufacturing tapes, tubes, rods and wire coatings. Other
products include dispersions, and liquids. Dispersion PTFE is used as an aqueous
dispersion for coatings. Major manufacturers in PTFE market manufactures granular
PTFE and this segment is likely to offer lucrative opportunity during the forecast
period.
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Growth in Chemical Industry to Seal Asia Pacific’s Dominance as Leading
PTFE Market
In terms of revenue, Asia Pacific held the dominant 44.3% of the global PTFE market
in 2015, followed by Europe and North America. Dominance of Asia Pacific is likely
to remain constant on account of the persistent growth witnessed in the region’s
chemical industry. In North America, chemical and industrial processing along with
automotive will emerge as the leading application segments. Over the next few
years, the demand for PTFE is expected to rise in the U.S. giving impetus to the
North America PTFE market.
Meanwhile, the presence of leading players will steer growth in the Europe market
for PTFE. Contrary to this, the Middle East & Africa will offer limited opportunities for
growth, as the region is yet to be explored by the leading manufacturers.
Some of the leading manufacturers of PTFE catering to industry-specific applications
are The Chemours Company, Daikin Industries, Ltd., 3M, Solvay, and Asahi Glass
Co., Ltd. Manufacturers across the globe is trying to increase their market share
through loyalty schemes, and competitive pricing.
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