Persistence Market Research (PMR) has delivered another market concentrate on the micronized PTFE market for the authentic time of 2014-2018 and gauge time of 2019-2029, which studies the worldwide micronized polytetrafluoroethylene market, and offers profound plunge examination for the following decade. The report on the worldwide micronized PTFE market gauges the key macroeconomic and estimate factors that are projected to drive the development of the micronized PTFE market. The report on the micronized polytetrafluoroethylene market likewise examines the limitations that are influencing the worldwide market, alongside the expected open doors and most recent patterns in the micronized PTFE market across the worth chain.
The worldwide micronized PTFE market was esteemed over US$ 300 Mn in 2014, and this worth is supposed to go above US$ 450 Mn toward the finish of 2019. The micronized PTFE market is supposed to develop at a CAGR of almost 7% somewhere in the range of 2019 and 2029, and is assessed to arrive at a worldwide worth of more than US$ 800 Mn by 2029 end.
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By source, the global micronized PTFE market is segmented as virgin and recycled. Amongst these segments, the virgin segment is projected to grow at a substantial value share in the global market, owing to the rising demand for such sources from end-use industries. Moreover, virgin micronized polytetrafluoroethylene is prominently used in electronics for its extreme chemical resistance, thermal stability, electrical insulation, and low friction coefficient; recycled micronized PTFE is used for coating applications.
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By application, the worldwide micronized PTFE market is portioned into inks, paints, coatings, oils and lubes, thermoplastic, and elastomers. The inks and coatings sections are supposed to proceed with their development at a significant rate in the worldwide micronized PTFE market throughout the scheduled time span, inferable from their rising application in the bundling business. The coatings fragment is likewise expected to address a critical chance for the micronized PTFE market, inferable from the rising utilization of modern covering for hardware and modern gear. By end-use industry, the worldwide micronized polytetrafluoroethylene market is sectioned into auto, materials, food, drugs and prescriptions, gadgets, and others. Among these sections, the auto and drugs and prescriptions fragments are assessed to develop at critical rates in the worldwide micronized PTFE market over the estimate period. In the car area, micronized PTFE is utilized for covering auto vehicles in the OEM and reseller’s exchange areas. Expansion in the interest for car vehicles over the estimate period is supposed to drive the micronized PTFE market.
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Some of the key players active in the global micronized PTFE market are
- Shamrock Technologies Inc.
- Micro Powders
- Chemours Company
- Daikin Industries Ltd.
- Gujarat Fluorochemicals Limited,
- Maflon S.p.a.,
- Shanghai 3F New Materials Company Ltd
- JiangXi Aidmer Seal & Packing Company Ltd
- Globell (Hong Kong) Agency Ltd.
- Basictak Co. Ltd.
- Pon Pure Chemical India Private Limited
- Ashish Polymers
- Kromachem GmbH
- AGC Chemicals,
- Halopolymer, Fluorocarbon
- Heroflon Group
- Technoflon Industria
- Aromat Produtos Quimicos Ltda
- Pacific Coast Chemicals Company
- and McCullough & Associates, Enflo Inc. among others
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
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