DUBLIN, Nov. 4, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Micronized PTFE Market by Application, by Geography - Global Forecast to 2019" report to their offering.
The Micronized PTFE market is projected to reach $868.29 million by 2019, signifying firm annualized growth of 7.06% between 2014 and 2019. 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.
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.
On the basis of application, the market is further categorized into inks, thermoplastics, coatings, grease & lubricants, and elastomers. The growth in application segment is primarily driven by growing demand from the Asia-Pacific region particularly from China.
The major players of micronized PTFE include Shamrock Technologies (U.S.), E.I. DuPont de Nemours & Company (U.S.), Daikin Industries Limited (Japan), Solvay S.A. (Belgium), Micro Powders, Inc. (U.S.), and 3M (U.S.), Asahi Glass Co. Ltd. (Japan), Chenguang Research Institute of Chemical Industry (China), and Gujarat Fluorochemicals Limited (India), Shanghai 3F New Materials Company Limited (China).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Market, By Application
8 Market, By Region
9 Competitive Landscape
10 Company Profiles
- Asahi Glass Co., Ltd
- Chenguang Research Institute of Chemical Industry
- Daikin Industries Ltd.
- E.I. Dupont De Nemours & Company
- Gujarat Fluorochemicals Limited
- Micro Powder, Inc
- Shamrock Technologies, Inc
- Shanghai 3F New Materials Company Limited
- Solvay Sa
For more information visit http://www.researchandmarkets.com/research/7nll5c/micronized_ptfe
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SOURCE Research and Markets