Key players in the Asia-Pacific Polytetrafluoroethylene market include Dongyue Group ltd (China), Asahi Glass Fluorochemical Ltd (Japan), Gujrat Fluorochemical Ltd. (India), Shanghai 3F New Material Co. Ltd. (China), and others.
(PRWEB) March 06, 2015
The Asia-Pacific polytetrafluoroethylene market is significantly penetrating their end-use industries. They have different characteristics as per their manufacturing and application requirements in the end products.
Browse through the TOC of Asia-Pacific Polytetrafluoroethylene market for an analysis of industry trends and segments, with the help of various tables and figures.
The Asia-Pacific region is expected to dominate this market with its growing demand for polytetrafluoroethylene in different applications, especially the automotive, chemical processing, mechanical, medical, food & household, construction, and others. The Asia-Pacific market is estimated to display a rising growth in the next five years with the allied industries expected to stabilize the overall business requirements in respective regions.
Joint ventures and expansions are the key strategies 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 that come from various end-user industries.
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Asia-Pacific is the largest region, both in terms of volume and value, followed by Europe. China and Japan are expected to remain successful polytetrafluoroethylene markets. Key players in the Asia-Pacific polytetrafluoroethylene market are Dongyue Group ltd (China), Asahi Glass Fluorochemical Ltd (Japan), Gujrat Fluorochemical Ltd. (India), Shanghai 3F New Material Co. Ltd.(China), and others.
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The polyterafluoroethylene demand in terms of value and volume depicts 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 APAC companies.
The current market value of the Asia-Pacific polytetrafluoroethylene market (2013) is about $700.9 million that is estimated to reach $1,051.7 million by 2019, to grow at a CAGR of 8.3%, from 2014 to 2019. The high demand across industries will increase the overall polytetrafluoroethylene consumption.
Europe 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 Europe is witnessing high growth because of an increase in the number of applications. This market is projected to reach $615.85 million by 2019, growing at a CAGR of 5.5% from 2014 to 2019. The key driver of the market is the strong chemical processing and mechanical industrial base.
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