Recovering from Pandemic Impact, Global Market for Polytetrafluoroethylene (PTFE) is Projected to reach 250K MTs by 2026 – Market Research Report (2022-2027) by Industry Experts, Inc
Friday 11 Mar 2022
Industry Experts, Inc. unveiled the updated 2022 version of the market research report "Polytetrafluoroethylene (PTFE) – A Global Market Overview". Granular PTFE dominates the global volume consumption of PTFE, with an estimated share of about 45% of total PTFE consumed in 2021 while Micronized Powder PTFE is projected to grow faster during the period 2021-2026 closely followed by Fine Powder PTFE.
Attributed to the slowdown in global economy and industrial activities worldwide amid the impact of coronavirus pandemic, global market for Polytetrafluoroethylene (PTFE) has declined by 5.1% year-over-year (YOY) in 2020 compared to 2019. Recovering from the pandemic impact, global market for Polytetrafluoroethylene (PTFE) is projected to reach 250 thousand metric tons by 2026 at a CAGR of 5% between 2021 and 2026.
Asia-Pacific is the world's largest volume market for PTFE, accounting for an estimated 59.6% share in 2021, which is also likely to record the fastest 2021-2026 CAGR of 5.8% in reaching a projected 155 thousand metric tons by 2026. Overall market for PTFE is expected to surpass 200k metric tons valued at US$2.6 billion in 2022.
The market for product forms of PTFE analyzed in this report comprise Granular PTFE, PTFE Fine Powders, PTFE Micronized Powders and PTFE Aqueous Dispersions. The study also examines the market for end-use sectors of PTFE comprising Chemical Processing, Electricals & Electronics, Mechanical/Industrial, Automotive & Transportation, Building & Construction and Other Sectors.
The report reviews, analyzes and projects the PTFE market for global and the regional markets including North America, Europe, Asia-Pacific, South America and Rest of World for the period 2017-2026 in terms of market volume in metric tons and value in USD. The regional markets further analyzed for 17 independent countries across North America – The United States, Canada and Mexico; Europe – France, Germany, Italy, the Netherlands, Russia, Spain, and the United Kingdom; Asia-Pacific – China, India, Japan, South Korea, Taiwan, and Thailand; and South America – Brazil.
This 280 page global Polytetrafluoroethylene (PTFE) market report includes 291 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of market numbers. This report profiles 13 key global players and 28 major players across North America – 3; Europe – 5; and Asia-Pacific – 20. The research report also provides the listing of the companies engaged in manufacturing, processing, and compounding of PTFE. The global list of companies covers the address, contact numbers and the website addresses of 200 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
For more details, please visit: https://industry-experts.com/verticals/chemicals-and-materials/polytetrafluoroethylene-ptfe-a-global-market-overview