According to the recent study the polytetrafluoroethylene market is projected to reach an estimated $3.0 billion by 2030 from $2.4 billion in 2023, at a CAGR of 3.0% from 2023 to 2030. Growth in this market is primarily driven by increasing demand in the industrial maintenance sector particularly due to the chemical and oil resistance properties of polytetrafluoroethylene.
Browse 109 figures / charts and 72 tables in this 187 -page report to understand trends, opportunities and forecast in polytetrafluoroethylene market by end use (industrial processing, electrical and electronics, automotive, construction, healthcare, and others), form (granular resins, fine powders, aqueous dispersion, and micronized powders), application (micronized form by application, granular form by application, fine powder form by application and aqueous dispersion form by application), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecast industrial processing will remain the largest end use and it is also expected to witness the highest growth over the forecast period due to increasing demand for polytetrafluoroethylene based plastic products in chemical processing equipment.
Micronized powder will remain the largest segment by value and volume and also it is expected to witness the highest growth over the forecast period because of non-adhesiveness, low friction, non-stick nature, resistance to chemicals, heat, shock, and moisture, high dielectric quality properties.
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Asia Pacific (APAC) is expected to remain the largest region by value and volume and it is also expected to experience the highest growth over the forecast period due to growth in end use.
Daikin, Gujarat Fluorochemicals Ltd, 3M Dyneon, Chemours (Dupont), Hindustan Fluorocarbons Limited, Asahi Glass Co, Kureha Corporation, HaloPolymer OJSC, Solvay Solexis S.P.A, and Dongyue Federation are the major suppliers in the polytetrafluoroethylene market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
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