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Micronized PTFE Market by Application (Inks, Thermoplastics, Coatings, Grease & Lubricants, Elastomers), by Geography - Global Forecast to 2019
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MarketsandMarkets Presents • Micronized PTFE Market • Global Forecast to 2019 http://www.marketsandmarkets.com/Market-Reports/micronized-ptfe-market-75866552.html
Micronized PTFE is prepared by irradiation or thermal decomposition of virgin PTFE or PTFE scrap. Direct polymerization under controlled conditions may also be used to produce low molecular weight PTFE micro powders. The micronized PTFE market has grown rapidly during the past few years and is expected to continue the trend in the next five years. The growth is mainly driven by the growing demand in the Asia-Pacific region. Asia-Pacific is the biggest market followed by North America and Europe, which together accounted for more than 90.00% market share in 2013. • The U.S. is the biggest market for micronized PTFE, followed by China, and is projected to grow at a CAGR of 7.08% between 2014 and 2019. The European market is comparatively mature with a consumption growth rate well below the average market growth. Thermoplastic is the fastest-growing application segment of micronized PTFE growing at a CAGR of 7.04% between 2014 and 2019. http://www.marketsandmarkets.com/Market-Reports/micronized-ptfe-market-75866552.html
http://www.marketsandmarkets.com/Market-Reports/micronized-ptfe-market-75866552.htmlhttp://www.marketsandmarkets.com/Market-Reports/micronized-ptfe-market-75866552.html • The micronized PTFE market has witnessed a significant growth in the recent years, and this growth is projected to persist in the coming years. Due to its characteristic properties such as wear and abrasion resistance, low friction coefficient, flame retarding properties, and tensile strength is used as additive in a wide range of applications such as inks, thermoplastics, coatings, grease & lubricants, and elastomers. The use of PTFE micro powders has been increasing over the years due to increase in the demand of high performance polymers that operate under extreme conditions of temperature and pressure. http://www.marketsandmarkets.com/Market-Reports/micronized-ptfe-market-75866552.html
Currently, the Asia-Pacific is the biggest market of micronized PTFE, accounting for 38.00% of the total market size in terms of value in 2013. Among all the countries, the U.S. dominates the micronized PTFE market, which had the maximum market share of micronized PTFE in 2013. Thermoplastic is the fastest-growing application segment of micronized PTFE, followed by grease & lubricants having the small market size for PTFE micro powders. The European market is expected to show the lowest CAGR of 5.65% between 2014 and 2019. Growing innovation and developments in the micronized PTFE consumer industries for better products are directly affecting the rise in the use of PTFE micro powders. The excessive growth and innovation, along with industry consolidations, are projected to ascertain a bright future for the industry in the region. http://www.marketsandmarkets.com/Market-Reports/micronized-ptfe-market-75866552.html
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