Key Players in the Asia-Pacific Polytetrafluoroethylene (PTFE) market are Dongyue Group Co., Ltd. (China), Gujarat Fluorochemicals Ltd. (India), and Chenguang Research Institute of Chemical Industry (China).
(PRWEB) November 08, 2014
The Asia-Pacific Polytetrafluoroethylene (PTFE) market report defines and segments the polytetrafluoroethylene market in Asia-Pacific with analysis and forecast of revenue.
Browse through the TOC of the Asia-Pacific Polytetrafluoroethylene (PTFE) Market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation in the Asia-Pacific polytetrafluoroethylene 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 global consumption of polytetrafluoroethylene is driven by the Asia-Pacific market. The countries in the region include China, India, Japan, and South Korea. A rapidly growing manufacturing sector in the developing regions is impacting the demand of polytetrafluoroethylene in the Asia-Pacific market. As a result, its consumption is expected to grow in industrial goods and paint and coating applications in Asia-Pacific. In 2013, China led the market in terms of consumption of the polytetrafluoroethylene market, followed by Japan and South Korea. Companies are investing and expanding to reach global competition and are contributing to GDP growth, which is the major factor aiding the growth of the polytetrafluoroethylene market in the region.
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The report on the Asia-Pacific polytetrafluoroethylene (PTFE) market has segmented the market on the basis of end user, type, application, and geography. Major applications 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 fluoropolymer 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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