#Global Flexure Bearings Market
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Concrete Fibers Market is expected to display a steady growth by 2028
According to a new report published by UnivDatos Markets Insights the Concrete Fibers Market is expected to grow at a CAGR of around 8% from 2022-2028. The analysis has been segmented into Fiber Type (Synthetic, Steel, Glass, Basalt, Natural, And Others); End-User (Transport Infrastructure, Building & Construction, Mining & Tunnel, Industrial Flooring, And Others); Region/Country.
The concrete fibers market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the concrete fibers market. The concrete fibers market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the concrete fibers market at the global and regional levels.
Market Overview
The demand for an increase in the building and construction sites for various end-users. For instance, in February 2022, Skanska along with Tarmac are working to deal with climate change using advanced low-carbon concrete. TARMAC is supplying a low-carbon basalt-fiber-reinforced concrete to try on a temporary haul road used by construction vehicles, which will be part of the National Highways’ M42 Junction 6 improvement plan.
COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted the construction industry and has transformed the way the construction industry is delivered. The COVID-19 pandemic has significantly affected the concrete fibers market as there has been a delay in the production of roadways, highways, expressways, airports, parking areas, mining, tunnels, dams, water tanks, waterways, elevated decks, dock areas, and recreation to which the demand for concrete fibers has decreased.
The global concrete fibers market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
Based on fiber type, the market is fragmented into synthetic, steel, glass, basalt, natural, and others. During the forecast period, the steel segment is likely to dominate the global concrete fibers market. The steel concrete fiber leads the market owing to its exceptional properties, such as shock & fatigue resistance, remarkable tensile & flexural strength, sturdiness, and ductility. In addition, steel fiber reinforced concrete is best suited for controlling cracks that occur at an early stage of construction and crack control during enhanced load-bearing situations. Furthermore, the factors justify its use in the market which will drive its growth during the forecasted period
Based on the end-user, the market is fragmented into transport infrastructure, building & construction, mining & tunnel, industrial flooring, and others. In 2020, the transport infrastructure segment is seen dominating the growth of the concrete fibers market. In the transport industry concrete fibers are extensively employed to construct highways, roads, railways, bridges, and ports & airports. Also, many emerging countries are now shifting their focus towards concrete fibers for construction purposes. For instance, in Jun 2021, Sika AG launched a new concrete reinforcing fiber solution SikaFiber-1050 B&BA HF, which is used to enhance concrete topping durability, reduce shrinkage cracking, and can be used for block and beam floors
Concrete fibers Market Geographical Segmentation Includes:
North America (U.S., Canada, and Rest of North America)
Europe (Germany, United Kingdom, Italy, France, Spain, and the Rest of Europe)
Asia-Pacific (China, India, Australia, Japan, and the Rest of Asia-Pacific)
Rest of the World
For a better understanding of the market dynamics of the concrete fibers market, a detailed analysis was conducted for different regions across the globe including North America (U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. Geographically, the Asia-Pacific region dominated the concrete fibers market owing to the growing construction industry in the region.
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The major players targeting the market include
N.V. Bekaert S.A
Propex Operating Company LLC
Sika AG
ABC Polymer Industries LLC
Cemex S.A.B. De C.V.
BASF SE
The Euclid Chemical Company
Owens Corning
GCP Applied Technologies
Nycon Corporation
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the concrete fibers market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the concrete fibers market?
• Which factors are influencing the concrete fibers market over the forecast period?
• What are the global challenges, threats, and risks in the concrete fibers market?
• Which factors are propelling and restraining the concrete fibers market?
• What are the demanding global regions of the concrete fibers market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
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Browse Other Related Research Reports from UnivDatos Market Insights
Radiant Cooling Systems Market
MENA Infrastructure 3D Printing Market
Construction Chemical Market
USA Builders Hardware Market
Building Insulation Materials Market
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Composite Strengthening Systems Market: Market Size, Share, and Growth Projections
The global composite strengthening systems market size is expected to reach USD 264.4 million by 2030, and expanding at a CAGR of 7.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market growth is attributed to the rising demand for repairs and retrofitting of old buildings worldwide. Moreover, the demand for lightweight and sustainable building materials in the U.S., Canada, South Korea, and Germany is expected to drive the demand for composite strengthening systems over the forecast period.
Composite Strengthening Systems Market Report Highlights
Based on product, the Fiber-Reinforced Polymer (FRP) segment dominated the market and was valued at USD 117.7 million in 2023. The high strength-to-weight ratio, durability, and lightweight properties of FRP composite strengthening systems make them suitable for strengthening concrete structures while adding minimal weight to the overall building.
Fabric-reinforced cementitious matrix (FRCM) products is expected to grow at the fastest CAGR of 7.0% over the forecast period. FRCM systems consist of a cementitious matrix reinforced with high-strength fibers, such as carbon, glass, or aramid. These materials offer high tensile strength, flexural strength, and crack resistance. They also provide excellent durability, fire resistance, and resistance to moisture and chemical exposure, resulting in the substantial growth of the product.
In 2023, Asia Pacific was valued at USD 67.3 million in the global market. In the Asia Pacific market, rising demand for buildings with higher sustainability in countries, such as India, China, and Japan, is expected to impact the dynamics of the composite strengthening systems market.
The composite strengthening systems market in Europe is projected to expand at a CAGR of 7.1% over the forecast period. European countries have a rich culture of ancient and historic places such as castles, palaces, town halls, and churches. This results in continuous renovation activities related to strengthening of structures to preserve them. This is expected to keep the demand for composite strengthening systems market in the region over the coming years.
Central & South America is highly susceptible to natural disasters such as earthquakes or hurricanes. For instance, according to the U.S. National Hurricane Center (NHC), tropical storm Pilar of 2023 hit the Pacific coast areas of Honduras, Guatemala, Costa Rica, Nicaragua, and El Salvador. These natural disasters are projected to increase the demand for strengthening solutions as part of risk mitigation strategies.
The composite strengthening systems market is moderately consolidated owing to the presence of several medium and small players around the world. Players in the market compete on the basis of quality, price, product performance, and technological innovation.
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Composite strengthening systems are used in buildings and infrastructural structures to increase their strength and load-bearing capacity. They are mainly preferred for retrofitting and rehabilitating aging structures as they help improve their service life. The majority of such retrofitting and rehabilitation projects are assigned to contractors who procure the composite strengthening system from the manufacturers and use it.
Some of the major raw materials used to produce composite strengthening systems include carbon fiber and E-glass fabrics. This is due to their high tensile strength, light weightiness, and durability of these materials. These materials improve the load-bearing capacity of the buildings without adding any excessive weight to the structures. Some of the major suppliers of raw materials are JPS Composite Materials, LeapTech, LLC., BGF Industries, Hexcel, Mitsubishi Chemical Corporation, and Solvay.
Raw materials that are required to manufacture composites include E-glass fabrics, carbon fiber, and others. The individual product markets are characterized by the presence of a large number of suppliers operating across the globe and catering to multiple application industries. However, few composite manufacturers are integrated into their operations and manufacture high-cost raw materials such as carbon fibers. These factors lead to medium to high bargaining power of suppliers over the forecast period.
The high cost of raw materials for composites is likely to challenge manufacturer’s procurement operations. Moreover, the growing demand for these raw materials by other manufacturing industries is likely to pose a challenge for composites manufacturers.
List of Major Companies in the Composite Strengthening Systems Market
Master Builders Solutions
Concrete Repairs Ltd.
Shanghai Horse Construction Co., Ltd
Blome International
Bhor Chemicals and Plastics Pvt. Ltd.
Simpson Strong-Tie Company, Inc.
Sika Canada Inc.
Freyssinet
Gateway Composites LLC
Norcon Corporation
#CompositeStrengtheningSystemsMarket#CompositeStrength#IndustrialCompositeStrengthening#FiberReinforcedPolymer#BuildingMaterials#ConstructionIndustry
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Polytetrafluoroethylene (PTFE) Market worth $3.60 billion by 2027
The PTFE market is projected to grow at USD 3.60 billion by 2027, at a CAGR of 6.1% during the forecast period.
The report "Polytetrafluoroethylene (PTFE) Market by Form (Granular, Fine Powder, Dispersion, and Micronized), End-use Industry (Chemical & Industrial Processing, Electronics & Electrical, Automotive & Aerospace, Consumer Goods), and Region - Global Forecast to 2027".
Browse 77 market data Tables and 34 Figures spread through 134 Pages and in-depth TOC on "Polytetrafluoroethylene (PTFE) Market by Form (Granular, Fine Powder, Dispersion, and Micronized), End-use Industry (Chemical & Industrial Processing, Electronics & Electrical, Automotive & Aerospace, Consumer Goods), and Region - Global Forecast to 2027"
Exceptional properties of PTFE, increasing demand for high-performance polymers, high-growth end-use industries, and demand for PTFE in emerging countries are driving the PTFE market. However, the increasing prices of PTFE are restraining the growth of the PTFE market. ePTFE and mPTFE offer significant opportunities, whereas, high investment cost, re-processing in the PTFE market, and stringent environmental regulations are significant challenges for the PTFE market.
On the basis of form, the granular segment is estimated to lead the PTFE market.
Granular PTFE is the most widely used form of PTFE, owing to its low price. The production technology of granular PTFE is less complicated and results in low manufacturing cost. Granular PTFE offers chemical inertness, high-temperature resistance, outstanding chemical resistance, low coefficient of friction, exceptional adhesion, low-temperature toughness, electrical properties, and excellent water repellant properties. Hence, it is used in the manufacturing of semi-finished and finished products such as rods, sheets, bushes, gaskets, seals plates, balls, piston rings, valve seats, expansion joints, diaphragms, piping components, O-rings, v-rings, connectors, and sockets.
Based on end-use industry, the chemical & industrial processing segment is estimated to lead the PTFE market.
PTFE resin is extensively used in the chemical & industrial processing industry in the form of films, gaskets, tubes, coatings, liners, and components in a wide range of machinery and equipment. It is mainly used in the manufacturing of pumps and valves, shaft seals, sliding elements, and friction bearings. Chemical resistance, thermal resistance, and flexural strength properties of PTFE make it suitable for its use in the chemical & industrial processing end-use industry.
The APAC PTFE market is projected to grow at the highest CAGR during the forecast period.
APAC is expected to be the fastest-growing PTFE market during the forecast period. The PTFE market in this region is led by China, Japan, India, and South Korea. The increasing demand for PTFE in the production of components used in automobiles, electronic devices, electrical appliances, chemicals, and industrial products in China and Japan, among other economies, is driving the growth in this market in APAC. These factors are driving key market players to expand their business in the APAC region.
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Key Players in the PTFE Market
The key players operating in the PTFE market include Chemours (US), Daikin (Japan), 3M (US), Solvay (Belgium), Asahi Glass Company (Japan) , Dongyue (China), Zhejiang Juhua (China), Shanghai 3F New Materials Company Ltd. (China), HaloPolymer (Russia), and Gujrat Fluorochemicals (India).
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Ceramic Substrates Market Recent Industry Trends and Projected Growth 2018 - 2028
Ceramic Substrates are primarily utilized in the electronic circuits due to their insulating properties. Ceramic substrates are mainly optimized for efficiency, high performance, and flexibility, further they can meet the diesel and gasoline system needs in the heavy-duty as well as light-duty applications. Ceramic substrates possess high heat capacity as well as high heat conductivity which makes them indispensable in power electronics. The demand for the ceramic substrates is primarily driven by the rising utilization of these substrates as compared to its alternatives available in the market. Further, introduction of emission standards are pushing the vehicle manufacturers to utilize ceramic substrates in the vehicle parts.
There are various types of ceramic substrates available in the market which include aluminium nitride, alumina, silicon nitride, beryllium oxide, etc. However, alumina is an ideal material for the development of thin-film ceramic substrates owing to its properties such as high flexural strength, smooth surface finish, etc.
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Global Ceramic Substrates Market: Segmentation
The global Ceramic substrates market can be segmented on the basis of product type, application,
Based on the product type, the global ceramic substrates market can be segmented into
Alumina
Aluminium Nitride
Silicon Nitride
Beryllium Oxide
Based on the application, the global ceramic substrates market can be segmented into
Electronic Circuit Manufacturing
Medical Devices
Bearings
Metal Working Tools
Engine Components
Based on the end-use industry, the global ceramic substrates market can be segmented into
Electrical & Electronics
Automotive
Medical and Healthcare
Aerospace
Military
Global Ceramic Substrates Market: Dynamics
Demand for the ceramic substrates is primarily related with the advancements and growth in the electronics industry. Nowadays, electronics are based purely on integrated circuits, assembly of various interconnected components such as resistors, transistors are built on small chip of silicon. Thus, to maintain their reliability, circuits are dependent upon the insulating materials that can serve as a substrates. Thus, owing to insulating properties, they are widely adopted in the electronics industry across the globe, in turn driving the global ceramic substrates market. Another reason attributed to the development of ceramic substrates market has been its application in the automotive industry in form of emission control catalysts which has witnessed a surge in demand owing to mandated regulations on exhaust emissions.
Manufacturers of ceramic substrates are focusing on developing long term relationships with the players in electronics industry to deliver the right and quality materials. Further, manufacturers are offering better quality ceramic substrates for thick as well as thin film technology and are designed to meet customer specific profiles. The aforementioned factors are found to be the key trends in the global ceramic substrates market.
Global Ceramic Substrates Market: Regional Outlook
Considering regions, globally the ceramic substrates market is expected to be dominated by Asia-Pacific region. Asia-Pacific spearheaded by China is expected to grow at significant pace in the global ceramic substrates market supported by growing demand from electronics industry in Japan, India, China and ASEAN Countries. Asia-Pacific is expected to be followed by North America in the global ceramic substrates market over the forecast years, supported by the rising demand from aerospace and electronics industry. North America is expected to grow at moderate rate in the global ceramic substrates market owing to the comparatively matured end-use industries in the U.S. and Canada. North America is expected to be followed by Europe in the global ceramic substrates market. Latin America and Middle East & Africa are anticipated to grow at slow pace in the global ceramic substrate market over the forecast period.
Global Ceramic Substrates Market: Market Participants
Some of the key players involved in the global Ceramic Substrates market include KYOCERA Corporation, Murata Manufacturing Co., Ltd., CoorsTek Inc., Stanford Advanced Materials, Corning Incorporated, Rogers Corporation, Ceramic Substrates and Components Ltd., NEVZ-CERAMICS, Tong Hsing Electronic Industries, Ltd., TOSHIBA Materials Co., Ltd., and others.
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The global ceramic substrates market is expected to be consolidated in nature, owing to the presence of small number of players in the market across the globe. Key players involved in the manufacturing of ceramic substrate are focusing on introduction of application specific products in order to serve the large customer base.
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Polyamide-Imide Resin Market Global Industry Overview and Competitive Landscape till 2022
The report "Polyamide-Imide Resin Market by Type (Unfilled, Glass-Filled, Carbon-Filled), End-Use Industry (Automotive, Aerospace, Electrical & Electronics, Oil & Gas), and Region (North America, Europe, APAC) - Global Forecast to 2022" published by MarketsandMarkets™, the market is projected to grow from USD 501.7 million in 2017 to USD 687.1 million by 2022, at a CAGR of 6.5% during the forecast period.
Download PDF Brochure of the report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=104556972
Browse 86 market data Tables and 29 Figures spread through 115 Pages and in-depth TOC on "Polyamide-Imide Resin Market"
The growth of this market can be attributed to the high demand for polyamide-imide resins from end-use industries such as automotive, aerospace, electrical & electronics, and oil & gas, superior properties of polyamide-imide resins, and replacement of conventional materials by polyamide-imide resins.
The glass-filled type segment is projected to lead the Polyamide-Imide Resin Market during the forecast period.
Glass-filled polyamide-imide resins encompass various properties that include excellent weather and gamma radiation resistance, outstanding bearing, high strength and stiffness, and good chemical resistance. The addition of glass fiber to polyamide-imide resins helps in expanding the flexural modulus of polyamide-imide resins while decreasing their rate of expansion. This, in turn, is expected to drive the market for glass-filled polyamide-imide resins.
The electrical & electronics end-use industry segment is projected to grow at the highest CAGR during the forecast period.
Based on end-use industry, the electrical & electronics segment is projected to grow at the highest CAGR during the forecast period. Key applications of polyamide-imide resins in the electrical & electronics industry include chip nest & sockets, wafer carriers, and chemical washing. Properties such as high chemical resistance, increased flame retardant, high dielectric strength, improved dimensional stability, excellent electrical properties, and improved design flexibility make polyamide-imide resins an ideal material for various applications in the electrical & electronics industry.
https://www.prnewswire.com/news-releases/polyamide-imide-resin-market-worth-687-1-million-usd-by-2022-850001734.html
The APAC Polyamide-Imide Resin Market is projected to grow at the highest CAGR during the forecast period.
The growth of the APAC Polyamide-Imide Resin Market can be attributed to the increasing demand for polyamide-imide resins from the automotive, aerospace, electrical & electronics, and textile industries. China, India, and Indonesia are major vehicle manufacturing countries of APAC, where vehicle production is growing at a high rate. Automotive manufacturers in the APAC region are focused on the manufacture of energy-efficient vehicles, which, in turn, has propelled the demand for lightweight components. The need to develop lightweight automotive components is projected to drive the demand for polyamide-imide resins in the APAC region.
Key players operating in the Polyamide-Imide Resin Market include Solvay (Belgium), Quadrant (US), Toyobo (Japan), Ensinger (Germany), Innotek Technology (China), and Kermel (France).
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Don't miss out on business opportunities in Polyamide-Imide Resin Market.
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About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.
Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 [email protected]
#polyamide imide resin#Polyamide Imide Resin Market#polyamide imide resin industry#polyamide imide resin manufacturers#polyamide imide resin applications
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Polyamide-Imide Resin Market worth USD 687.1 Million by 2022, registering a CAGR of 6.5%
The report "Polyamide-Imide Resin Market by Type (Unfilled, Glass-Filled, Carbon-Filled), End-Use Industry (Automotive, Aerospace, Electrical & Electronics, Oil & Gas), and Region (North America, Europe, APAC) - Global Forecast to 2022" published by MarketsandMarkets™, the market is projected to grow from USD 501.7 million in 2017 to USD 687.1 million by 2022, at a CAGR of 6.5% during the forecast period.
Download PDF Brochure of the report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=104556972
Browse 86 market data Tables and 29 Figures spread through 115 Pages and in-depth TOC on "Polyamide-Imide Resin Market"
The growth of this market can be attributed to the high demand for polyamide-imide resins from end-use industries such as automotive, aerospace, electrical & electronics, and oil & gas, superior properties of polyamide-imide resins, and replacement of conventional materials by polyamide-imide resins.
The glass-filled type segment is projected to lead the Polyamide-Imide Resin Market during the forecast period.
Glass-filled polyamide-imide resins encompass various properties that include excellent weather and gamma radiation resistance, outstanding bearing, high strength and stiffness, and good chemical resistance. The addition of glass fiber to polyamide-imide resins helps in expanding the flexural modulus of polyamide-imide resins while decreasing their rate of expansion. This, in turn, is expected to drive the market for glass-filled polyamide-imide resins.
The electrical & electronics end-use industry segment is projected to grow at the highest CAGR during the forecast period.
Based on end-use industry, the electrical & electronics segment is projected to grow at the highest CAGR during the forecast period. Key applications of polyamide-imide resins in the electrical & electronics industry include chip nest & sockets, wafer carriers, and chemical washing. Properties such as high chemical resistance, increased flame retardant, high dielectric strength, improved dimensional stability, excellent electrical properties, and improved design flexibility make polyamide-imide resins an ideal material for various applications in the electrical & electronics industry.
https://www.prnewswire.com/news-releases/polyamide-imide-resin-market-worth-687-1-million-usd-by-2022-850001734.html
The APAC Polyamide-Imide Resin Market is projected to grow at the highest CAGR during the forecast period.
The growth of the APAC Polyamide-Imide Resin Market can be attributed to the increasing demand for polyamide-imide resins from the automotive, aerospace, electrical & electronics, and textile industries. China, India, and Indonesia are major vehicle manufacturing countries of APAC, where vehicle production is growing at a high rate. Automotive manufacturers in the APAC region are focused on the manufacture of energy-efficient vehicles, which, in turn, has propelled the demand for lightweight components. The need to develop lightweight automotive components is projected to drive the demand for polyamide-imide resins in the APAC region.
Key players operating in the Polyamide-Imide Resin Market include Solvay (Belgium), Quadrant (US), Toyobo (Japan), Ensinger (Germany), Innotek Technology (China), and Kermel (France).
Early buyers will receive 10% free customization on this report.
Don't miss out on business opportunities in Polyamide-Imide Resin Market.
Speak to Our Analyst and gain crucial industry insights that will help your business grow.
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=104556972
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.
Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 [email protected]
#polyamide imide resin#Polyamide Imide Resin Market#polyamide imide resin industry#polyamide imide resin manufacturers#polyamide imide resin applications#polyamide imide resin end users
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Polytetrafluoroethylene (PTFE) Market is Projected to Grow at USD 3.60 billion by 2027, at a CAGR of 6.1%
The PTFE market is projected to grow at USD 3.60 billion by 2027, at a CAGR of 6.1% during the forecast period.
The report "Polytetrafluoroethylene (PTFE) Market by Form (Granular, Fine Powder, Dispersion, and Micronized), End-use Industry (Chemical & Industrial Processing, Electronics & Electrical, Automotive & Aerospace, Consumer Goods), and Region - Global Forecast to 2027".
Key players profiled in the report include Chemours (US), Daikin (Japan), 3M (US), Solvay (Belgium), Asahi Glass Company (Japan), Dongyue (China), Zhejiang Juhua (China), Shanghai 3F New Materials Company Ltd. (China), HaloPolymer (Russia), and Gujrat Fluorochemicals (India).
Download PDF Brochure: http://bit.ly/2Oe4rcZ
Based on end-use industry, the chemical & industrial processing segment is estimated to lead the PTFE market.
PTFE resin is extensively used in the chemical & industrial processing industry in the form of films, gaskets, tubes, coatings, liners, and components in a wide range of machinery and equipment. It is mainly used in the manufacturing of pumps and valves, shaft seals, sliding elements, and friction bearings. Chemical resistance, thermal resistance, and flexural strength properties of PTFE make it suitable for its use in the chemical & industrial processing end-use industry.
The APAC PTFE market is projected to grow at the highest CAGR during the forecast period.
APAC is expected to be the fastest-growing PTFE market during the forecast period. The PTFE market in this region is led by China, Japan, India, and South Korea. The increasing demand for PTFE in the production of components used in automobiles, electronic devices, electrical appliances, chemicals, and industrial products in China and Japan, among other economies, is driving the growth in this market in APAC. These factors are driving key market players to expand their business in the APAC region.
Browse 77 market data Tables and 34 Figures spread through 134 Pages here - https://www.marketsandmarkets.com/PressReleases/polytetrafluoroethylene.asp
Currently, the demand for PTFE is driven by its increasing applicability in medical, automotive, chemical processing, food & household applications that require material with specific properties. Properties like inertness to chemicals, low dielectric strength, high thermal stability, low co-efficient of friction, and so on, makes PTFE a preferred material in these industries. Emerging expanded PTFE (ePTFE) and modified (mPTFE) encloses the major opportunities in PTFE market. ePTFE market is a growing market which majorly envelopes PTFE membrane application. ePTFE membrane has improved material properties as compared to standard PTFE and hence is finding emerging applications in industries like, medical, filtration, and textile. ePTFE is consumed in a large portion in textile and filtration application by means of fibers.
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Polytetrafluoroethylene (PTFE) Market worth $3.60 billion by 2027
The PTFE market is projected to grow at USD 3.60 billion by 2027, at a CAGR of 6.1% during the forecast period.
The report "Polytetrafluoroethylene (PTFE) Market by Form (Granular, Fine Powder, Dispersion, and Micronized), End-use Industry (Chemical & Industrial Processing, Electronics & Electrical, Automotive & Aerospace, Consumer Goods), and Region - Global Forecast to 2027".
Download PDF Brochure: http://bit.ly/2SgtGti
Key Players in the PTFE Market
The key players operating in the PTFE market include Chemours (US), Daikin (Japan), 3M (US), Solvay (Belgium), Asahi Glass Company (Japan) , Dongyue (China), Zhejiang Juhua (China), Shanghai 3F New Materials Company Ltd. (China), HaloPolymer (Russia), and Gujrat Fluorochemicals (India).
Exceptional properties of PTFE, increasing demand for high-performance polymers, high-growth end-use industries, and demand for PTFE in emerging countries are driving the PTFE market. However, the increasing prices of PTFE are restraining the growth of the PTFE market. ePTFE and mPTFE offer significant opportunities, whereas, high investment cost, re-processing in the PTFE market, and stringent environmental regulations are significant challenges for the PTFE market.
On the basis of form, the granular segment is estimated to lead the PTFE market.
Granular PTFE is the most widely used form of PTFE, owing to its low price. The production technology of granular PTFE is less complicated and results in low manufacturing cost. Granular PTFE offers chemical inertness, high-temperature resistance, outstanding chemical resistance, low coefficient of friction, exceptional adhesion, low-temperature toughness, electrical properties, and excellent water repellant properties. Hence, it is used in the manufacturing of semi-finished and finished products such as rods, sheets, bushes, gaskets, seals plates, balls, piston rings, valve seats, expansion joints, diaphragms, piping components, O-rings, v-rings, connectors, and sockets.
Browse 77 market data Tables and 34 Figures spread through 134 Pages here - https://www.marketsandmarkets.com/PressReleases/polytetrafluoroethylene.asp
Based on end-use industry, the chemical & industrial processing segment is estimated to lead the PTFE market.
PTFE resin is extensively used in the chemical & industrial processing industry in the form of films, gaskets, tubes, coatings, liners, and components in a wide range of machinery and equipment. It is mainly used in the manufacturing of pumps and valves, shaft seals, sliding elements, and friction bearings. Chemical resistance, thermal resistance, and flexural strength properties of PTFE make it suitable for its use in the chemical & industrial processing end-use industry.
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Polytetrafluoroethylene (PTFE) Market - Business Overview, Products & Services, Key Insights, Recent Developments & SWOT Analysis
The report "Polytetrafluoroethylene (PTFE) Market by Form (Granular, Fine Powder, Dispersion,and Micronized), End-Use Industry (Chemical & Industrial Processing, Electronics & Electrical, Automotive & Aerospace, Consumer Goods), and Region- Global Forecast to 2022" The PTFE market is expected to grow from USD 1.97 Billion in 2017 to USD 2.66 Billion by 2022, at a CAGR of 6.1% from 2017 to 2022. Exceptional properties of PTFE, increasing demand for high-performance polymers, high-growth end-use industries, and demand for PTFE in emerging countries are driving the PTFE market. However, the increasing prices of PTFE are restraining the growth of the PTFE market. ePTFE and mPTFE offer significant opportunities, whereas, high investment cost, re-processing in the PTFE market, and stringent environmental regulations are significant challenges for the PTFE market.
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Key players profiled in the report include Chemours (US), Daikin (Japan), 3M (US), Solvay (Belgium), Asahi Glass Company (Japan), Dongyue (China), Zhejiang Juhua (China), Shanghai 3F New Materials Company Ltd. (China), HaloPolymer (Russia), and Gujrat Fluorochemicals (India).
PTFE Market, by Form:
Granular
Fine Powder
Dispersion
Micronized
PTFE Market, by End-use Industry:
Chemical & Industrial Processing
Electronics & Electrical
Automotive & Aerospace
Consumer Goods
Building & Construction
Others
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Based on form, the granular segment is estimated to lead the PTFE market in 2017.
Granular PTFE is the most widely used form of PTFE, owing to its low price. The production technology of granular PTFE is less complicated and results in low manufacturing cost. Granular PTFE offers chemical inertness, high-temperature resistance, outstanding chemical resistance, low coefficient of friction, exceptional adhesion, low-temperature toughness, electrical properties, and excellent water repellant properties. Hence, it is used in the manufacturing of semi-finished and finished products such as rods, sheets, bushes, gaskets, seals plates, balls, piston rings, valve seats, expansion joints, diaphragms, piping components, O-rings, v-rings, connectors, and sockets.
Based on end-use industry, the chemical & industrial processing segment is estimated to lead the PTFE market in 2017.
PTFE resin is extensively used in the chemical & industrial processing industry in the form of films, gaskets, tubes, coatings, liners, and components in a wide range of machinery and equipment. It is mainly used in the manufacturing of pumps and valves, shaft seals, sliding elements, and friction bearings. Chemical resistance, thermal resistance, and flexural strength properties of PTFE make it suitable for its use in the chemical & industrial processing end-use industry.
Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Email: [email protected]
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The Polytetrafluoroethylene (PTFE) market is projected to reach USD 2.66 Billion by 2022
The Polytetrafluoroethylene (PTFE) market was valued at USD 1.87 Billion in 2016 and is projected to reach USD 2.66 Billion by 2022, at a CAGR of 6.1% during the forecast period. The high demand for PTFE in various end-use industries, such as chemical & industrial processing, electronics & electrical, automotive & aerospace, consumer goods, and building & construction is driving the PTFE market.
Objectives of the Study
To analyze and forecast the market size for PTFE, in terms of value and volume
To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
To define, describe, and forecast the PTFE market on the basis of form and end-use industry
To forecast the PTFE market size with respect to 5 main regions, namely North America, Europe, Asia Pacific, Middle East & Africa, and South America
To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
To analyze competitive developments, such as joint ventures, mergers & acquisitions, new product launches, mergers & acquisitions, and investments & expansions in the PTFE market
To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
To strategically profile key players and comprehensively analyze their market shares and core competencies
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Based on form, the granular segment is estimated to lead the PTFE market in 2017.
Granular PTFE is the most widely used form of PTFE, owing to its low price. The production technology of granular PTFE is less complicated and results in low manufacturing cost. Granular PTFE offers chemical inertness, high-temperature resistance, outstanding chemical resistance, low coefficient of friction, exceptional adhesion, low-temperature toughness, electrical properties, and excellent water repellant properties. Hence, it is used in the manufacturing of semi-finished and finished products such as rods, sheets, bushes, gaskets, seals plates, balls, piston rings, valve seats, expansion joints, diaphragms, piping components, O-rings, v-rings, connectors, and sockets.
Based on end-use industry, the chemical & industrial processing segment is estimated to lead the PTFE market in 2017.
PTFE resin is extensively used in the chemical & industrial processing industry in the form of films, gaskets, tubes, coatings, liners, and components in a wide range of machinery and equipment. It is mainly used in the manufacturing of pumps and valves, shaft seals, sliding elements, and friction bearings. Chemical resistance, thermal resistance, and flexural strength properties of PTFE make it suitable for its use in the chemical & industrial processing end-use industry.
Key Players in the PTFE Market
The key players operating in the PTFE market include Chemours (US), Daikin (Japan), 3M (US), Solvay (Belgium), Asahi Glass Company (Japan) , Dongyue (China), Zhejiang Juhua (China), Shanghai 3F New Materials Company Ltd. (China), HaloPolymer (Russia), and Gujrat Fluorochemicals (India).
To know about the assumptions considered for the study:
https://www.marketsandmarkets.com/Market-Reports/polytetrafluoroethylene-market-22472807.html
Target Audience:
Manufacturers of PTFE
Chemical Suppliers
Traders, Distributors, and Suppliers of PTFE
Raw Material Suppliers
Government and Research Organizations
Industry Associations
PTFE Market, by Form:
Granular
Fine Powder
Dispersion
Micronized
PTFE Market, by End-use Industry:
Chemical & Industrial Processing
Electronics & Electrical
Automotive & Aerospace
Consumer Goods
Building & Construction
Others
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Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Email: [email protected]
#Polytetrafluoroethylene Market#Fine Powder PTFE Market#Aqueous Dispersion PTFE Market#Micronized Powder PTFE Market
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