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Grand View Research, Inc: Global PTFE Market to Reach USD 6,440.0 Million by 2020

Grand View Research, Inc: Global PTFE Market to Reach USD 6,440.0 Million by 2020

Global PTFE sales were estimated at USD 3,465.0 million in 2012, and are expected to reach USD 6,440.0  million by 2020, growing at a CAGR of 8.1% from 2013 to 2020, according to newMarket Research Report recently published by Grand View Research, which also estimates global PTFE consumption to reach 524.1 kilo tons by 2020.

The growing market for non-stick cookware, which uses PTFE, widely in Dupont’s Teflon form is expected to continue to be a stable growth avenue for market participants. Additionally, a surge in coating demand for wires and cables and the global trend in automotive weight reduction is also expected to provide multiple growth avenues to the PTFE industry. Volatile fluorspar supply and environmental concerns regarding Perfluorooctanoic acid (PFOA) content are expected to be roadblocks for PTFE manufacturers over the next six years.

To request a sample copy or view summary of this report, click the link below: 
http://www.grandviewresearch.com/industry-analysis/Polytetrafluoroethylene-Industry

Further Key findings from the study suggest:

  • Granular PTFE dominated the product market, accounting for over 32% of global volumes in 2012, sales were strongest in Asia Pacific, with consumption expected to reach 67.2 kilo tons in 2020, growing at a CAGR of over 10% from 2013 to 2020.

Browse all Market Research Reports @  Grand View Research