Global Polytetrafluoroethylene Coating Market to be Worth $1.0 Billion by 2019

Aug 05, 2015, 10:15 ET from MicroMarket Monitor

FORT WORTH, Texas, August 5, 2015 /PRNewswire/ --

According to the new Market Research Report "Global Polytetrafluoroethylene Coating Market by Application (Food Processing, Electrical & Electronic, Chemical Processing, Building & Construction, Others) by Geography - Analysis and Forecast to 2019", The global polytetrafluoroethylene (PTFE) coatings market is expected to register a market size of $ 1.0 billion by 2019, at a CAGR of 6.4% from 2014 to 2019.

Browse through the TOC of Global Polytetrafluoroethylene Coating Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

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Polytetrafluoroethylene (PTFE) is a major carbon and fluorine compound which is primarily used to provide corrosion resistance to the products. PTFE coatings are well-known and reliable applicant and are extensively used in Teflon and Xylan coatings. It also reduces wear and energy consumption of equipment. These coatings are used in various industries, such as oil & gas, pipeline, chemical, automobile, plastic, steel, electrical & electronic, pharmaceuticals, and others.

The global PTFE coatings market is projected to reach $1.0 billion by 2019, at a CAGR of 6.4% from 2014 to 2019. This market is largely driven by the food processing and chemical processing application segments. Durability and reliability are the major factors driving the growing consumption of PTFE coatings as compared to other coatings.

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The demand for PTFE coatings has continued to remain robust across all regions. In addition, the increasing income has made PTFE more affordable. The most common PTFE coating applications are food processing, electrical & electronics, chemical processing, building & construction, and others.

The report on the global PTFE coating market has been segmented on the basis of application and geography. Major applications of PTFE coatings include food processing, electrical & electronics, chemical processing, building & construction, and others. The regions covered in the report are Asia-Pacific, Europe, North America, and Rest of the World.

The report also includes market shares and value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.

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