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Lucintel Forecasts Polytetrafluoroethylene (ptfe) Market To Reach $3.8 Billion By 2026
According to the recent study the polytetrafluoroethylene (PTFE) market is projected to reach an estimated $3.8 billion by 2026 from $2.7 billion in 2020, at a CAGR of 4.9% from 2021 to 2026. Growth in this market is primarily driven by increasing demand in the industrial maintenance sector particularly due to the chemical and oil resistance properties of polytetrafluoroethylene.
Browse 131 figures / charts and 106 tables in this 169 -page report to understand trends, opportunities and forecast in polytetrafluoroethylene (PTFE) market by end use industry (industrial processing, electrical and electronics, automotive, construction, healthcare, and others), forms (granular resins, fine powders, aqueous dispersion, and micronized powders), application (micronized form by application, granular form by application, fine powder form by application, aqueous dispersion form by application), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link – https://www.lucintel.com/polytetrafluoroethylene-market.aspx
... powder market is expected to remain the largest segment during the forecast period.”
Based on form, the polytetrafluoroethylene (PTFE) market is segmented into granular resins, fine powders, aqueous dispersion, and micronized powders. Lucintel forecasts that the micronized powders is expected to witness the largest segment and witness the highest growth during the forecast period because of non-adhesiveness, low friction, non-stick nature, resistance to chemicals, heat, shock, and moisture, high dielectric quality properties.
“Within the polytetrafluoroethylene (PTFE) market, the industrial processing segment is expected to remain the largest end use industry”
Based on end use industry, the industrial processing segment is expected to witness the largest end use industry and it is also expected to witness the highest growth over the forecast period due to increasing demand for polytetrafluoroethylene based plastic products in chemical processing equipment.
“Asia Pacific will dominate the polytetrafluoroethylene (PTFE) market in near future”
Asia Pacific is expected to be the largest region over the forecast period and ROW is expected to experience the highest growth over the forecast period due to growth in end use industries.
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Major players of polytetrafluoroethylene (PTFE) market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Chemours, Solvay, Daikin, Gujrat Fluorochemicals, 3M and Dyneon are among the major polytetrafluoroethylene (PTFE) providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/polytetrafluoroethylene-market.aspx or email@example.com
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com
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