Market Highlights
The global PTFE market has witnessed a remarkable growth over the past decade due to its increasing demand from the application segment such as industrial, electronics, electrical, transportation, petrochemical & chemical processing, food & beverage, medical & pharmaceutical and others. It has been projected that the Global PTFE Market will cross USD 7.1 billion by 2022 growing at a CAGR of approximately 12.1%. The rising demand of PTFE in electrical industry for hookup wire, coaxial cables and other applications are driving this industry. Geographically, Asia-Pacific is anticipated to be the leading market followed by North America and Europe. APAC is considered as the fastest growing region where the market would be having ample of opportunities due to existing emerging economies such as China, India, Japan and Indonesia.