Global PTFE Demand to Reach Almost USD 3 Billion, Expects Industry Experts in Its New Report Available at MarketPublishers.com19 Apr 2016 • by Natalie Aster
LONDON – Polytetrafluoroethylene (PTFE) can boast vast potential application in such developing countries as India, China, and more. These applications are set to be amongst major drivers of the PTFE demand in the years to come. The medical device industry is also one of major drivers of the PTFE demand.
Micronized PTFE is set to be the swiftest growing product form in the near term due to its rising usage in applications (e.g. lubricants, inks, etc.).
As of 2015, the global PFTE market hit the 165,000 metric tons. It is expected to grow at a CAGR of around 6 percent to amount to approximately 250,000 metric tons by 2022. The demand for PTFE is set to be just under USD 3 billion by 2022.
APAC holds a position of the world’s leading consumer, with its share in the global demand reaching 53 percent in 2015.
The chemical processor sector is a leader in terms of the global volume consumption of the product.
New research report “Polytetrafluoroethylene (PTFE) – A Global Market Overview” developed by Industry Experts offers comprehensive examination of the world’s PFTE marketplace. The study contains a detailed product outline. It throws light on currently available product forms. The report investigates end-use sectors and delves deep into key market trends.
The research study includes data on production capacities and focuses on major players in this marketplace. It limelights key business as well as product trends. The research report comprises an all-round overview of the global market. It analyzes regional performance and forecasts market development trends.
- insightful discussion of the industry and global PTFE marketplace;
- details on major trends;
- coverage of regional markets and information on key players in each region;
- historical data and future projections;
- and more.
More new studies by this publisher are available at Industry Experts page.