The Polytetrafluoroethylene films market is projected to reach USD 542.6 Million by 2022, at a CAGR of 4.4% from 2017 to 2022. This growth can be attributed to the increased demand for high-performance films in chemical processing and electrical & electronics industries, especially in China, Japan, Malaysia, India, Indonesia, and South Korea.
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Polytetrafluoroethylene films market has been segmented on the basis of technology, application, and region. Based on technology, the skived segment accounted for the largest share of the PTFE films market in 2016.
Skived PTFE films are used in the packaging of ultra-pure chemicals to protect these fluids from contamination.
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Moreover, the cast technology segment of this market is projected to grow at the highest CAGR during the forecast period, both in terms of value and volume.
Key Target Audience:
- Manufacturers of PTFE Films and Raw Materials
- Manufacturers in Application Industries
- Traders, Distributors, and Suppliers of PTFE Films
- Regional Manufacturer Associations and General PTFE Films Associations
- Government & Regional Agencies and Research Organizations
Asia Pacific accounted for the largest share of the Polytetrafluoroethylene films market in 2016; this market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period. The increased demand for PTFE films in chemical processing and electrical & electronics industries are expected to offer lucrative growth opportunities to manufacturers of PTFE films.
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The report offers insights on Polytetrafluoroethylene films market used in various end-use industries across regions. It aims at estimating the size of the PTFE market during the forecast period and projects future growth of the market across different segments, such as form, end-use industry, and region.
Furthermore, the report also includes an in-depth competitive analysis of the key players in the PTFE market, along with their company profiles, SWOT analysis, recent developments, and key market strategies.
Break of primary participants was as mentioned below:
- By Company Type – Tier1-70%, Tier2 -20%, and Tier3-10%
- By Designation - C Level-5%, Director Level-20%, and Others-75%
- By Region -North America-10%, Europe-30%, Asia Pacific-40%, Middle East& Africa -15%, and South America-5%
Key manufacturers of Polytetrafluoroethylene films include Saint-Gobain (France), 3M (US), Nitto Denko (Japan), Rogers Corporation (US), Guarniflon (Italy), Technetics Group (US), Chukoh Chemical Industries (Japan), Lenzing Plastics (Austria), DUNMORE Corporation (US), and Markel Corporation (US). These companies are focused on increasing their regional presence by adopting key growth strategies, such as expansions, mergers & acquisitions, and new product developments.
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The Polytetrafluoroethylene films market is highly competitive, with a large number of small and medium-sized players, especially in China and India. New product developments, expansions, and mergers & acquisitions are key growth strategies adopted by leading players operating in the PTFE films market.
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