Micronized Ptfe Market to Reflect a Holistic Expansion by 2029 end

micronized ptfe market keys to win in a consolidated space

The impact of COVID-19 pandemic can be felt across the chemical industry. The growing inability in the production and manufacturing processes, in the light of the self-quarantined workforce has caused a major disruption in the supply chain across the sector. Restrictions encouraged by this pandemic are obstructing the production of essentials such as life-saving drugs.

The nature of operation in chemical plants that cannot be easily stopped and started, makes the operational restrictions in these plants a serious concern for the industry leaders. Restricted and delayed shipments from China have created a price hike in the raw materials, affecting the core of the chemicals industry.

The slacking demand from different impacted industries such as automotive is negatively influencing the growth of the chemical industry. In light of the current crisis, the market leaders are focused to become self-reliant which is expected to benefit the economic growth of different economies in the longer term. Companies are triggering events to restructure and recover from the losses incurred during the COVID-19 pandemic.

Request For Report Sample@ https://www.persistencemarketresearch.com/samples/4855

Persistence Market Research (PMR) has released a new market study on the micronized PTFE market for the historical period of 2014–2018 and forecast period of 2019–2029, which studies the global micronized polytetrafluoroethylene market, and offers deep-dive analysis for the next ten years. The report on the global micronized PTFE market estimates the key macroeconomic and forecast factors that are projected to drive the growth of the micronized PTFE market. The report on the micronized polytetrafluoroethylene market also discusses the restraints that are affecting the global market, along with the potential opportunities and latest trends in the micronized PTFE market across the value chain.

The global micronized PTFE market was valued over US$ 300 Mn in 2014, and this value is expected to go above US$ 450 Mn at the end of 2019. The micronized PTFE market is expected to grow at a CAGR of nearly 7% between 2019 and 2029, and is estimated to reach a global value of more than US$ 800 Mn by 2029 end.

Micronized PTFE Market: Segmental Analysis

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.

By application, the global micronized PTFE market is segmented into inks, paints, coatings, lubricants & greases, thermoplastic, and elastomers. The inks and coatings segments are expected to continue their growth at a substantial rate in the global micronized PTFE market over the slated time period, owing to their increasing application in the packaging industry. The coatings segment is also expected to represent a significant opportunity for the micronized PTFE market, owing to the rising use of industrial coating for machinery and industrial equipment. By end-use industry, the global micronized polytetrafluoroethylene market is segmented into automotive, textiles, food, pharmaceuticals & medicines, electronics, and others. Among these segments, the automotive and pharmaceuticals & medicines segments are estimated to grow at noteworthy rates in the global micronized PTFE market over the forecast period. In the automotive sector, micronized PTFE is used for coating automotive vehicles in the OEM and aftermarket sectors. Increase in the demand for automotive vehicles over the forecast period is expected to drive the micronized PTFE market.

Technological advancements in the pharmaceutical & medicine field regarding micronized PTFE instruments are expected to increase pace over the years. The trending use of micronized PTFE powder for thermoplastic gears is expected to increase at a steady rate for easy reproducibility and quick manufacturing through MIM. As such, growth in these industries is collectively expected to accelerate the sales of micronized PTFE, globally, over the forecast period.

The global micronized PTFE polytetrafluoroethylene study has been segregated into six regions -North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and the Middle East & Africa.

The micronized PTFE market is directly and indirectly dependent upon the performance of industries such as automotive, textiles, food, pharmaceuticals & medicines, electronics, and others, in respective regions.

According to PMR’s deep dive study, the markets in North America, Asia Pacific, and Western Europe are projected to be frontrunners, with significant growth rates in the global micronized PTFE market. These regions are also expected to account for healthy shares in the global micronized PTFE market.

For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/4855

The intensity of competition in the micronized PTFE market is high to medium. There are numerous players in the global market, which makes this market fragmented. However, 65-70% of the market share is held by tier-1 players. In addition, leading companies in the micronized polytetrafluoroethylene market are focused on improving Greenfield technologies, and finding newer applications of micronized PTFE.

Company Profiles

3M
Shamrock Technologies, Inc.
Solvay
Micro Powders Inc.
Gujarat Fluorochemicals Ltd.
Maflon S.p.a.
The Chemours Company
Daikin Industries Ltd.
Shanghai 3F New Materials Company Ltd
Jiangxi Aidmer Seal & Packing Company Ltd