Polytetrafluoroethylene Market Rising Use in Cookware and Automotive Industries | Page 2

Polytetrafluoroethylene Market
REPORT DESCRIPTION
Polytetrafluoroethylene (PTFE) Market (Product - Granular, Fine
Powder, Micro Powder, Dispersions, and Liquids; Application -
Industrial and Chemical Processing, Automotive, Electricals,
Electronics, Cookware, Building & Construction, and Medical) -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2016 - 2024
The global polytetrafluoroethylene (PTFE) market is highly concentrated, with the large-scale
manufacturers at the fore. Some of the most prominent names in the market are 3M, Solvay, Daikin
Industries, Chemours Company, and Asahi Glass Co., Ltd., finds Transparency Market Research
(TMR) in a new study. These companies cumulatively held over 62.7% in the global market in 2015.
Besides this, small- and medium-scale companies are present in the market, however, they are much
limited in number.
In order to gain stronger foothold, a majority of companies operating in the market focus on
expanding existing production sites, exploring new regions, and product development. A common
aspect among the companies holding dominance, is their widespread regional footprint. On account
of having penetrated into untapped markets, these companies enjoy greater sales prospects, which
have inevitable contribution towards their lead in the global PTFE market.
Browse Market Research Report @
http://www.transparencymarketresearch.com/polytetrafluoroethylene-ptfe-market.html
TMR has provided refined outlook for the market, aimed at providing better perspective to the existing
companies as well as new entrants. It forecasts the global PTFE to exhibit a CAGR of 4.6% between
2016 and 2024. At this pace, the market valuation, which stood at US$3.48 bn in 2015, will reach
US$5.18 bn by the end of 2024. By type, the market was led by the micro powder segment with a
share of 30.8% in 2015. Regionally, Asia Pacific emerged as the clear lead in 2015, holding over
44.3% of the global PTFE market in 2015. Through the course of the forecast period, the region’s
dominance is forecast to remain unaffected.
Demand for Non-stick Cookware to Drive Growth
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Transparency Market Research