Feb 26, 2021   SOURCE: BusinessWire

Global Micronized PTFE Market - Growth, Trends, and Forecasts 2020-2025: Increasing Demand from Inks and Coatings Applications - ResearchAndMarkets.com

The "Micronized PTFE Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The market for micronized PTFE (polytetrafluoroethylene) is expected to witness a CAGR of over 4% globally during the forecast period.

The growing demand for thermoplastics and the increasing demand from the inks and coatings industries are driving the market. On the flip side, the rapidly growing digital media industry, coupled with unfavorable conditions arising due to the COVID-19 outbreak, are hindering the market growth.

The micronized PTFE market is expected to grow during the forecast period due to the increasing demand from inks and coatings applications.

Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period due to the increasing consumption from countries like China, India, and Japan.

Key Market Trends

Growing Demand from Inks and Coatings Application

Micronized PTFE is widely used in inks and coatings, and it is expected to be the fastest-growing market during the forecast period.

  • Polytetrafluoroethylene (PTFE) is a synthetic fluoropolymer of tetrafluoroethylene. Micronized PTFE powder is the most popular additives used in various industrial coatings. Micronized PTFE offers better wear, rub, and starch resistance. They provide matte surfaces and better abrasion. Additionally, PTFE is also used as nonstick coatings for cookware.
  • Globally, the United States is the second-largest producer of paints and coatings. The growing demand for coatings from countries like the United States from sectors like household coatings and the construction sector is expected to drive the market.
  • The growing infrastructure is expected to drive the market for paints & coatings. The Indian government has allocated USD 63 billion for the infrastructure sector in 2019-20 and is planning to spend USD 1.4 trillion over the next five years.
  • Moreover, according to the National Development and Reform Commission of China, the Chinese government approved 26 infrastructure projects at an estimated investment of about USD 142 billion in 2019, expected to be completed by 2023.
  • The growing demand from inks and coatings applications from various industries is expected to drive the market for the micronized PTFE during the forecast period.

Asia-Pacific to Dominate the Market

The Asia-Pacific region is expected to dominate the market for micronized polytetrafluoroethylene (PTFE) during the forecast period due to an increase in demand from countries like China and India.

Competitive Landscape

The micronized polytetrafluoroethylene (PTFE) market is partially fragmented, with players accounting for a marginal share of the market. Few companies include 3M, BYK-CHEMIE GMBH, Clariant, The Chemours Company, and Solvay.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Growing Demand for Thermoplastics

4.1.2 Increasing Demand from Inks and Coatings Industries

4.2 Restraints

4.2.1 Rapidly Growing Digital Media Industry

4.2.2 Unfavorable Conditions Arising Due to the COVID-19 Outbreak

4.3 Industry Value Chain Analysis

4.4 Porter's Five Forces Analysis

4.4.1 Bargaining Power of Suppliers

4.4.2 Bargaining Power of Consumers

4.4.3 Threat of New Entrants

4.4.4 Threat of Substitute Products and Services

4.4.5 Degree of Competition

5 MARKET SEGMENTATION

5.1 Application

5.1.1 Inks and Coatings

5.1.2 Thermoplastics

5.1.3 Lubricants and Grease

5.1.4 Elastomers

5.1.5 Other Applications

5.2 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share (%)/Ranking Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

6.4.1 3M

6.4.2 Apar Industries Ltd

6.4.3 BYK-CHEMIE GMBH

6.4.4 Clariant

6.4.5 DEUREX AG

6.4.6 Fluorez Technology Inc.

6.4.7 Micro Powders Inc.

6.4.8 Nanjing Tianshi New Material Technologies Co. Ltd

6.4.9 Shamrock Technologies Inc.

6.4.10 Solvay

6.4.11 The Chemours Company

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/kqzduh