The Key Players in the European Polytetrafluoroethylene Market include Daikin Industries Inc. (China), E.I. DuPont De Nemours & Co. (U.S.), Halopolymer OJSC (Russia), and Asahi Glass Fluorochemical Ltd. (Japan).
(PRWEB) April 24, 2015
The Europe polytetrafluoroethylene report analyzes the market with respect to market drivers, opportunities, and trends in different regions.
Browse through the TOC of the European Polytetrafluoroethylene Market, to get an idea of the in-depth analysis, supported by various tables and figures.
The Europe polytetrafluoroethylene market is significantly penetrating its end use industries. Polytetrafluoroethylene has different characteristics as per its manufacturing and application requirement in end products. The European region is expected to dominate this market due to the growing demand for polytetrafluoroethylene in different applications, especially in the automotive, chemical processing, mechanical, medical, food & household, and textile laminate industries. The European market is estimated to witness increasing growth in the next five years with allied industries expected to stabilize the overall business need in the respective regions.
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Expansions are the key part of this market. Manufacturing companies, associations and end product manufacturers infuse high investments for future advancements and technology modifications of polytetrafluoroethylene to match the new demands coming from various end user industries.
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Europe is one of the largest regions, both in terms of volume and value. Italy and Germany are expected to persist as successful polytetrafluoroethylene markets. The key players in the Europe polytetrafluoroethylene market are Daikin Industries Inc. (China), E.I. DuPont De Nemours & Co. (U.S.), Halopolymer OJSC (Russia), and Asahi Glass Fluorochemical Ltd. (Japan), among others.
The polyterafluoroethylene demand, in terms of value and volume, gives the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, and mergers & acquisitions of the leading European companies.
The Europe polytetrafluoroethylene market was valued at $452.6 million in 2013 and is estimated to reach $624.7 million by 2019, at a CAGR of 5.5% from 2014 to 2019. The high demand across industries is expected to increase the overall polytetrafluoroethylene consumption.
Asia-Pacific Polytetrafluoroethylene Market
The Asia-Pacific Polytetrafluoroethylene (PTFE) market, along with its end products, has witnessed linear growth in the past few years, which is estimated to increase in the near future. PTFE is one of the basic organic chemical raw materials widely used in containers and pipework for reactive and corrosive chemicals.
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