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Dublin, April 20, 2022 (GLOBE NEWSWIRE) — The “Polytetrafluoroethylene (PTFE) – A Global Market Overview” report has been added to ResearchAndMarkets.com’s offering.
Attributed to the slowdown in the global economy and industrial activities worldwide amid the impact of coronavirus pandemic, the global market for Polytetrafluoroethylene (PTFE) has declined by 5.1% year-over-year (YOY) in 2020 compared to 2019.
Recovering from the pandemic impact, the global market for Polytetrafluoroethylene (PTFE) is projected to reach 250 thousand metric tons by 2026 at a CAGR of 5% between 2021 and 2026.
Asia-Pacific is the world’s largest volume market for PTFE, accounting for an estimated 59.6% share in 2021, which is also likely to record the fastest 2021-2026 CAGR of 5.8% in reaching a projected 155 thousand metric tons by 2026. The overall The market for PTFE is expected to surpass 200k metric tons valued at US$2.6 billion in 2022.
Research Findings & Coverage
- Global PTFE market is analyzed in this report with respect to product forms and end-use sectors
- The study exclusively analyzes the market sizing of each product form and end-use sector of PTFE by major geographic region/country
- 5G Communication Technology Boosts Demand for PTFE
- Medical Device Industry Fueling Demand for PTFE and Other Fluoropolymers
- Demand for PTFE to Gain Further Momentum from Products with…
Full story available on Benzinga.com
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