Revival in the Global Economy Drives Demand for Polytetrafluoroethylene (PTFE), According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Polytetrafluoroethylene (PTFE) markets. Global market for Polytetrafluoroethylene (PTFE) is projected to reach 251.4 thousand tons by 2020, driven by recovery in global economic growth and expanding applications in automobile, construction and renewable energy sectors.

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Polytetrafluoroethylene (PTFE): A Global Strategic Business Report

San Jose, California (PRWEB) May 08, 2014

Follow us on LinkedIn – Polytetrafluoroethylene (PTFE) is a synthetic high molecular weight solid state fluorocarbon consisting largely of carbon as well as fluorine atoms. PTFE is the largest product market in the fluoropolymer industry. Improving global GDP is largely benefiting demand for PTFE worldwide. In addition, growth is also expected to be driven by expansion in automobile and construction sectors, advancements in wind and nuclear energy and other green energy sectors, and infrastructure development in emerging countries such as India, Russia, Brazil, Indonesia, Malaysia, and Vietnam. Emerging applications poised to drive growth in the market include manufacturing of wire and cable, fuel cells, advanced batteries and photovoltaic modules.

As stated by the new market research report on Polytetrafluoroethylene (PTFE), Asia-Pacific represents the largest as well as the fastest growing market worldwide. China ranks as the major consumer of PTFE in the region, followed by countries such as India and South Korea. End-user industries such as mechanical and chemical processing industries represent major consumers of PTFE. Strong industrial development, expansion of manufacturing bases, growing need for high performance material in textile and medical industries coupled with increasing penetration of the material in sectors such as automotive and medical are factors fuelling growth of PTFE in Asia-Pacific.

Traditional applications of PTFE are largely irreplaceable by any other material due to the high-performance properties of the fluoropolymer. These conventional applications range from electrical insulation and chemically resistant coatings in bearings to pipes and hoses. Since PTFE represents a collection of macromolecules with a range of unique properties, it finds increasing application in fields where most hydrocarbon-based polymers are known to fail, such as oil wells, chemical processing, motor vehicle engines, space applications and nuclear reactors.

Major players covered in the report include 3M, Dyneon LLC, AGC Chemicals Americas Inc., Chenguang Research Institute of Chemical Industry, Daikin Industries Ltd., Dongyue Group Limited, E. I. du Pont de Nemours and Company, Gujarat Fluorochemicals Limited, HaloPolymer OJSC, Saint-Gobain Performance Plastics Corporation, Shanghai 3F New Material Co. Ltd., and Solvay Specialty Polymers, among others.

The research report titled “Polytetrafluoroethylene (PTFE): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies. The report provides market estimates and projections in Tons for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America, and Rest of World. End-use segments analyzed in the report include Transportation, Chemical Processing, Electrical & Electronics, and Others.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Polytetrafluoroethylene_PTFE_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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  • Raghu Gopal
    Global Industry Analysts Inc
    +1 408-528-9966
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