According to a new report from MarketsandMarkets, the PTFE market is experiencing huge growth which is expected to continue in the near future, majorly driven by the highly growing Asia-Pacific region and intense focus towards industrial expansions. A significant amount of investments are made by various market players in order to be prepared to serve the high potential ones in future. Asia-Pacific is the major PTFE market, which accounted for nearly half of the total global demand in 2012. The region is further expected to show quite a high growth in future, mainly due to high growth potential of the Chinese market.
The industrial goods were the single-largest application of PTFE, with a market share of nearly 49.7% of the total demand in 2012. Budding demand for modified PTFE and expanded PTFE is pushing the demand for PTFE at a notable pace. Filled PTFE is comparatively consuming less quantity of PTFE but the growth in demand is anticipated to be significant due to increasing penetration of Filled PTFE applications in various end user industries.
This study basically aims to estimate the global PTFE market for 2013 and to project the expected demand of the same by 2018. This market research study provides a detailed qualitative and quantitative analysis of the global PTFE market. It provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, challenges, and key issues in the market.
The market is further segmented and projected for major regions such as Asia-Pacific, North America, Europe, and ROW, which is further segmented for key countries in each region. They have used various secondary sources such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of the PTFE market. The primary sources, experts from related industries and suppliers–have been interviewed to obtain and verify critical information as well as to assess the future prospects of PTFE.
The report profiles leading players of this industry with their recent developments and other strategic industry activities. These include: Dongyue Group Ltd. (China), E.I. Dupont de Nemours and Company (U.S.), Gujarat Fluorochemicals Ltd. (India), Asahi Glass Co. Ltd. (Japan) and HaloPolymer, OJSC (Russia).