The global PTFE micro powder market was worth US$33800 mn in 2018 and the report suggests that the market will reach US$40200 mn by 2025, registering a moderate CAGR of 2.5%. The increasing use of PTFE micro powder in inks, paints, lubricants, and industrial plastics have led to the growth of the market. The team of QY Research analysts has published a detailed report of the market, titled “Global PTFE Micro Powder Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application”.
Global PTFE Micro Powder Market: Drivers
PTFE micro powder is one of the leading components used in ink and paint industry. The use of ink in press and media have worked in favor of the global PTFE micro powder market. It also has use in lubricants and grease making. Automobiles and other machinery equipment need lubricants and grease, which is expected to augment market growth in the coming years. PTFE micro powder is a well-known component in plastic production. The steady demand for industrial plastics is projected to bode well for the overall market.
Global PTFE Micro Powder Market: Segment Analysis
The global PTFE micro powder market is segmented on the basis of type and application. In terms of type, the market is segmented into monomer polymerization and resin degradation. In terms of application, the market is segmented as industrial plastics, painting, lubricants, and grease, inks and others. Lubricants and ink are the leading segments driving the growth of the global PTFE micro powder market.
Global PTFE Micro Powder Market: Regional Analysis
On the basis of region, the global PTFE micro powder market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. North America is the leading region in the global PTFE micro powder market, followed by Asia Pacific. The rising economy of China has made this regional market a lucrative one.
Global PTFE Micro Powder Market: The Key Players
The key players studied in the global PTFE micro powder market are 3M, Micro Powder (MPI), Shamrock Technologies, Solvay, AGC, Gujarat Fluorochemicals, Daikin, ECO U.S.A, Chemours (DuPont), Dreyplas, Fluorez Technology, Reprolon Texas, Tianyuxiang, MAFLON, Nanjin Tianshi, Norshine, 3F, Sichuan Chenguang, Zhejiang Juhua, Yanggi, and Shanghai Joule.
Every leading player has been very competitive to cement its importance in the global market. DAIKIN claims that their POLYFLON PTFE micro-powders can be added to polyamide and polycarbonate, along with other plastics, to improve its wearability and to reduce the friction. The PTFE micro powders can also be blended with silicone oils or fluorocarbon to create very high-performance lubricants and greases. Apart from that, the PTFE based greases are of low friction, with a wide temperature range, and a much longer life than the conventional greases. The company believes this improved component will help them to secure their position in the global PTFE micro powder market.
Full Report Overview@ https://www.qyresearch.com/index/detail/1076415/global-ptfe-micro-powder-market