PTFE Powder Market Scope
Polytetrafluoroethylene (PTFE) powder is a waxy, strong, nonflammable synthetic resin produced by the polymerization reaction of tetrafluoroethylene. It has numerous properties such as chemical resistance and thermal properties. PTFE powder market has high growth prospects owing to increasing demand from the automotive, aviation and aerospace, building and construction, chemical processing, cookware, electrical and electronics, food processing, medical, oil & gas, packaging, and other industries. Further, rising demand from the developing economies owing to growth in industrialization propelling the market growth.
According to AMA, the Global PTFE Powder market is expected to see growth rate of 5.1%
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that China Vendors will contribute to the maximum growth of Global PTFE Powder market throughout the predicted period.
Chemours (United States), Daikin (Japan), 3M (United States), Solvay (Belgium), Asahi Glass Company (Japan), Shandong Dongyue (China), Zhejiang Juhua (China) and Shanghai 3F New Materials (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are HaloPolymer (Russia) and Gujrat Fluorochemicals (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global PTFE Powder market by Type (Granular, Micro-powder and Fine-powder), by Application (Sheet, Film/Foil, Coatings, Pipes and Others [Tubes, Rods, etc.]) and Region with country level break-up.
On the basis of geography, the market of PTFE Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- Increasing Applications in the Medical Industry
- Emphasizing On Reducing Production Cost of PTFE Powder
Market Drivers
- Rising Demand from the End-Use Industries
- Increasing Applications in Electronics and Electrical Industry
Opportunities
- Increasing Use of PTFE Powder in Automotive Industry
- Growing Demand from the Developing Economies
Restraints
- Stringent Government Regulations Regarding PTFE Powder
- Volatile Prices of PTFE Powder
Challenges
- Rising Usage of Reprocessed PTFE Powder
Key Target Audience
Manufacturers of PTFE, Chemical Suppliers, Traders, Distributors, and Suppliers of PTFE, Raw Material Suppliers, Government and Research Organizations, Industry Associations and Others