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Aqueous PTFE Dispersion Market Anticipated to Cross USD 1,422.3 Million by 2020
Aqueous PTFE Dispersion Market
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Aqueous PTFE dispersion is one of the most important types of polytetrafluoroethylene (PTFE). Aqueous PTFE dispersion basically applied on metal substrates by dipping, spraying flow coating to provide chemical resistance, non stick and low friction surfaces. Aqueous PTFE dispersion is an aqueous milky dispersion made from environmental friendly alternate emulsifier and consists of very small particles of PTFE resin, stabilized in water by non ionic surfactants. Aqueous dispersion PTFE resins offer an impressive array of properties such as high gloss, excellent film forming properties, excellent wetting properties, excellent chemical resistance, and improved hardness. Aqueous dispersion PTFE mainly used in coating, battery binder, coated glass fabrics and others.
Global aqueous PTFE dispersion market was mainly driven by strong demand from coated glass fiber, battery binder and nonstick coating applications. Rapid growth of end application markets in Asia Pacific region is expected to boost the demand for aqueous PTFE dispersion in the years to come. China accounts for the largest share of the total volume production and consumption. In 2014, China accounted for over 30% share of the total volume consumed in the region in 2014.
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Global aqueous PTFE dispersion market was dominated by coatings applications in 2014 with over 25% share in total volume consumption. Substrate coated with aqueous PTFE dispersion exhibit excelled chemical and physical properties such as good chemical and heat resistance, low coefficient of friction, etc. These properties make aqueous PTFE dispersion suitable for many industrial applications. Coating was followed by coated glass fiber and battery binder application respectively. Battery binder application segment of aqueous PTFE dispersion is set for rapid growth in the years to come.
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Asia Pacific accounted for over 35% share of the total volume consumed in 2014. Asia Pacific was followed by North America and Europe. Latin America and Middle East & Africa accounted for small share of the global aqueous PTFE dispersion market in 2014.
Global aqueous PTFE dispersion market is dominated by few large players such as DuPont, Daikin, Solvay, 3M, AGC, etc. These five companies accounted for over 70% share of the market share in 2014. DuPont is a leading manufacturer of aqueous PTFE dispersion in 2014 with over 305 shares in global market.
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