PUBLISHER: Industry Experts | PRODUCT CODE: 1065008
PUBLISHER: Industry Experts | PRODUCT CODE: 1065008
Attributed to the slowdown in global economy and industrial activities worldwide amid the impact of coronavirus pandemic, global market for Polytetrafluoroethylene (PTFE) has declined by 5.1% year-over-year (YOY) in 2020 compared to 2019. Recovering from the pandemic impact, global market for Polytetrafluoroethylene (PTFE) is projected to reach 250 thousand metric tons by 2026 at a CAGR of 5% between 2021 and 2026.
Asia-Pacific is the world's largest volume market for PTFE, accounting for an estimated 59.6% share in 2021, which is also likely to record the fastest 2021-2026 CAGR of 5.8% in reaching a projected 155 thousand metric tons by 2026. Overall market for PTFE is expected to surpass 200k metric tons valued at US$2.6 billion in 2022.
The report analyzes the market for the following product forms of PTFE:
Major end-use sectors market of PTFE examined in this report includes the following:
The report reviews, analyzes and projects the global Polytetrafluoroethylene (PTFE) market for the period 2017-2026 in terms of market volume in metric tons and value in US$ and the compound annual growth rates (CAGRs) projected from 2021 through 2026 with a special focus on pandemic impact during 2019-2020.