01 Sep 2015 12:09:59
Aerospace Plastics Market Will Reach To $13.48 Billion By 2020: Radiant Insights
The growing market for non-stick cookware, which uses PTFE, widely in Dupont's Teflon form is expected to continue to be a stable growth avenue for market participants. Additionally, a surge in coating demand for wires and cables and the global trend in automotive weight reduction is also expected to provide multiple growth avenues to the PTFE industry. Volatile fluorspar supply and environmental concerns regarding Perfluorooctanoic acid (PFOA) content are expected to be roadblocks for PTFE manufacturers over the next six years.
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Further key findings from the study suggest:
Granular PTFE dominated the product market, accounting for over 32% of global volumes in 2012, sales were strongest in Asia Pacific, with consumption expected to reach 67.2 kilo tons in 2020, growing at a CAGR of over 10% from 2013 to 2020Powdered PTFE, both in micro-powder and fine-powder form accounted for over 43% of global volumes in 2012.
Powdered PTFE is commonly used in aerospace, automotive, wire coatings and textile membranesAutomotive applications, majorly in equipment manufacturing, dominated PTFE demand in 2012, accounting for close to 28% of global volumes in 2012.
Asia Pacific PTFE sales for automotive equipments are expected to reach USD 614.4 million by 2020, growing at a CAGR of over 8% from 2013 to 2020Industrial and electronic applications together accounted for over 48% of global PTFE volumes in 2012Asia Pacific is expected to maintain market dominant position, and is expected to account for over 37% of global PTFE consumption by 2020.
North America PTFE demand was estimated to be 76.8 kilo tons in 2012 and is expected to reach 155.7 kilo tons by 2020, growing at a CAGR of 9.3% from 2013 to 2020
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The global market is highly concentrated, with top four participants accounting for over 65% of total sales in 2012. DuPont, Daikin, Solvay, 3M and Arkema are key participants in the Polytetrafluoroethylene PTFE Market, accounting for over 70% of the global production capacity in 2012
The global PTFE market has been broken down in to the following segments:
# PTFE Application Outlook
- Industrial Processing
- Automotive & Transportation
- Others (Cookware, Construction, Textiles etc.)
# PTFE Product Outlook
- Others (Dispersion, Liquid, etc.)
# PTFE Regional Outlook
- North America
- Asia Pacific
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