NEW YORK, July 13, 2015 /PRNewswire/ -- The report covers the Polytetrafluoroethylene (PTFE) European market. It further divides the market on the basis of applications, geographies, and types. The market data for these types is given with respect to volume (Kilotons) and value ($ Million). The market size in terms of value for PTFE was estimated to be $474.9 million in 2014 and is projected to grow at a CAGR of about 5.5% from 2014 to 2019. The data mentioned in the report is based on the European demand for PTFE.
The total market for Europe PTFE has been analyzed which gives an idea about the current proceedings in the industry at the commercial level. The study provides the value chain analysis with respect to PTFE raw materials, manufacturers, and end users. The value chain describes the key contributors to the materials market at different stages from product development to end use. It represents the top players which are contributing to the Europe PTFE industry.
The impact of different market factors, such as drivers, restraints, and opportunities is also illustrated in the report. This gives an idea about the key drivers such as growing consumption in automotive industry, growing penetration in emerging medical industry, availability of cheaper raw materials, and restraints such as stagnant market conditions in European region and declining production capacities in Europe due to high priced raw materials. The economic slowdown of 2008-09 in the U.S. also affected the economy of other developed countries that are of key importance for the commercial success of new materials and its end-user markets.
The Europe PTFE market is also classified based on different applications. The important applications include industrial goods, coatings, and filled PTFE. The food & household and mechanical industries are expected to witness rapid growth in the future.
The key companies covered in the report are Daikin Industries, Inc. (China), E.I. DuPont De Nemours & Co. (U.S.), Halopolymer OJSC (Russia), Asahi Glass Fluorochemical Ltd. (Japan), and others.
These companies consistently focus on expanding their production capacity to achieve a competitive advantage and thereby serve the customers more effectively. Investments in expansion of plant capacities, followed by acquisitions were the most preferred strategies by the top players in 2012 and 2013 that are driving the demand for PTFE. Their strategy to capture the market in developing economies includes expansions and agreements.
Italy is the leading country in the consumption of PTFE in the European PTFE market, due to the availability of cheaper raw materials and low labor cost. The important emerging economies such as Russia and France are further lined up for a brighter future in this market.
The report also presents a competitive landscape covering different strategies and developments such as mergers & acquisitions, expansions, and agreements undertaken by the leading PTFE companies in the past few years. Furthermore, different PTFE market participants are also profiled in the report.
Scope of the Report
The report segments the European PTFE market as follows:
The European PTFE market has been covered in detail in this report. In order to provide an all-round picture, the current market demand and forecasts have also been included.
On the basis of type:
- Fine Powder
- Aqueous Dispersion
- Micronized Powder
On the basis of application:
- Industrial Goods
- Filled PTFE
Each application is described in detail including volume and value forecasts in the report.
On the basis of country:
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