Global Polytetrafluoroethylene (PTFE) Market 2015-2019
PTFE is made of raw materials such as hydrochloric acid, fluorspar, and chloroform. It is considered to be a versatile engineered plastic manufactured from TFE. PTFE is semi-crystalline plastic that do not absorb ultraviolet electromagnetic radiation and possess excellent dialectic properties and chemical resistance. These unique characteristics make PTFE most valued plastic for application in industries such as construction, automotive, and medical.
Technavio's analysts forecast the global PTFE market to grow at a CAGR of 5.03% over the period 2014-2019.
Covered in this Report
The report provides comments on both the existing market landscape and its growth prospects over the forecast period. The report further includes a discussion of the key vendors operating in this market.
Technavio’s report, Global PTFE Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from various industry experts. The report includes a comprehensive discussion on the market, an extensive coverage on various types of production techniques, applications and demand-supply dynamics in various geographies.
Technavio Announces the Publication of its Research Report – Global Polytetrafluoroethylene Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Polytetrafluoroethylene Market: 3M, AGC Chemicals Americas, Daikin Industries, DuPont, Saint-Gobain and Solvay.
Other Prominent Vendors in the market are: Fiberflon, Gujarat Fluorochemicals, HaloPolymer, Trelleborg Sealing Solutions and Whitford
Commenting on the report, an analyst from Technavio’s team said: “One of the many trends that are being witnessed in the global PTFE market is the growing demand for ePTFE, which is used extensively for medical purposes because of its fluorine-based synthetic polymer characteristic that is non-biodegradable in the body and biologically inert.”
According to the report, with the emerging technological development and innovation, the demand for PTFE products is increasing. Technological innovation is expected to increase the market penetration of PTFE products and make them effective in providing better solutions in the end-user industries.
Further, the report states that there has been an increase in the prices of major raw materials such as fluorspar, hydrofluoric acid, and chloroform. This is hindering the growth of the global PTFE market. The prices of the raw materials used for the production of PTFE are constantly changing, making it harder for the PTFE producers to increase their profits.