Key Players in the European Polytetrafluoroethylene (PTFE) market are HaloPolymer OJSC, Solvay SA
(PRWEB) November 04, 2014
The report on the European Polytetrafluoroethylene (PTFE) market defines and segments the polytetrafluoroethylene market in Europe with analysis and forecast of revenue.
Browse through the TOC of the Europe Polytetrafluoroethylene (PTFE) Market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation in the market, and is supported by various tables and figures.
Polytetrafluoroethylene or PTFE is a versatile engineering plastic manufactured from tetrafluoroethylene (TFE), which in turn is prepared by pyrolysis of chlorodifluoromethane. PTFE is a semi-crystalline plastic that does not absorb visible or UV electromagnetic radiation and has good chemical resistance and dielectric properties. PTFE possesses an exceptional combination of useful properties such as high inertness to chemicals, resistance to solvents, lowest coefficient of friction, low dielectric constant and dissipation factor, excellent insulation properties, and a wide operating temperature range. These unique properties make it a valuable plastic for various applications. PTFE is also very slick and slippery, which makes it an excellent material for coating machine parts which are subjected to heat, wear, and friction. It is also useful as a coating for cookware and utensils.
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The European region is the second-largest market for PTFE after Asia-Pacific in terms of consumption. The PTFE market witnessed great fluctuations in the last few years as it is used in highly cyclical applications. The past trend of the world economy clearly shows the economic downturn and a stagnant western economy because of which, both developed and developing countries have been affected. This scenario has also resulted in reduced economic activities around the world and has lowered the demand for industrial goods and services. However, with time, the economy has stabilized and the PTFE market is also growing, with end-user industries driving this revival. Also, the medical industry is expected to further increase the demand of PTFE by making breakthroughs in research.
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This report covers the European polytetrafluoroethylene (PTFE) market, which has been segmented on the basis of end-user industry, type, application, and geography. In the European region, major applications of polytetrafluoroethylene include filled polytetrafluoroethylene, industrial goods, and paints and coatings.
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North America PolytetraFluoroethylene Market
Polytetrafluoroethylene or PTFE, as it is commonly known, is a versatile engineering plastic and is the most dominant fluoropolymer which accounts for more than half of the fluoro polymer consumption worldwide.
The polytetrafluoroethylene market in North America is witnessing a high growth due to its growing end-user applications and technological advancements. This market is estimated to reach $499.46 million by 2019, growing at a CAGR of 4.6% from 2014 to 2019. The key driver of this market is the feasible properties of polytetrafluoroethylene like inertness to chemicals, low dielectric strength, high thermal stability, and low coefficient of friction, making it a preferred material in end-user application industries.
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