Press release
Global Micronized PTFE Market to Surpass US$ 600 Mn by 2025
Browse Report Overview @ https://www.persistencemarketresearch.com/market-research/micronized-ptfe-market.asp
Micronized PTFE will witness the highest demand for application in Ink, expanding at 7.3% CAGR through 2025, in terms of volume. In addition, coatings will be the second largest application for micronized PTFE by 2025-end. Sales of micronized PTFE in lubricant & grease application will exhibit the lowest CAGR through 2025.
In terms of volume, Asia Pacific (APAC) will remain the largest market for micronized PTFE, with sales pegged to surpass 20,000 MT by 2025-end. Emerging economies in APAC are driving global demand for flexible packaging, thereby fostering demand for micronized PTFE. In addition, various construction projects are being undertaken in APAC, which in turn will fuel demand for micronized PTFE in this region.
Europe will remain the second largest market for micronized PTFE, with sales expanding at 5.8% CAGR through 2025. Growth of Europe’s major sectors including packaging & textile, construction, automotive, electronics, maritime, aerospace, energy generation, and healthcare are expected to affect numerous important micronized PTFE end-users significantly in this region. Manufacturers are compelled in differentiating their products, owing to rapid growth of technology in the region. The manufacturers are focusing on integrating cutting-edge technologies and generating value addition to micronized PTFE quality, on the back of recent application developments across various end-use industries. This will further drive the market growth in Europe.
Production and operation facilities of micronized PTFE in Europe are subject to extensive environmental health and safety laws & regulations. This is expected to incur increased costs for manufacturers, for complying with new regulatory requirements. This is estimated to curb the market growth of micronized PTFE in Europe.
Leading market players identified in PMR’s report include 3M Company, Chemours Company, Daikin Industries, Ltd., Gujrat Fluorochemicals Ltd, Maflon S.p.a, Micro Powder, Inc, Shamrock Technologies, Solvay S.A., China Based Players, JiangXi Aidmer Seal & Packing Co., Ltd, Shanghai 3F New Materials Co., Ltd.
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Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
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