QYResearch: The PTFE tapes market is projected to reach USD 670.47 Million by 2022
Analyst: Huang Lewei
Company: QYResearch
Polytetrafluoroethylene (PTFE) is a synthetic material used in a variety of industries and applications to reduce the coefficient of friction. Because of its non-stick properties and high heat resistance, PTFE is used as a non-stick coating for frying pans and other cookware. It makes an excellent insulating material for electrical applications because of its non-conductivity. PTFE is non-reactive to numerous chemicals, due to the chemical resistance of fluoropolymer bonds; making it effective in containers and pipework for reactive and corrosive substances. PTFE reduces friction, wear and energy efficiency of machinery. Because of its low friction, PTFE is used in industrial applications where sliding action of parts is required, such as with bearings, gears, slide plates, etc. In these applications, it delivers significantly better performance than nylon or acetal.
The PTFE tapes market is marked with intense competition due to the presence of a large number of players. New product launches and acquisitions are the key strategies adopted by market players to expand their business in the industry. The PTFE tapes market is dominated by several large players such as 3M, Saint-Gobain, Henkel, Berry, Nitto, Technetics Group, A. W. Chesterton Company, Dixon Valve, Oatey, DeWAL Industries (Rogers), RectorSeal, SSP Corporation, Gasoila Chemicals, JC Whitlam Manufacturing, Electro Tape and so on.
According to QYResearch, the PTFE tapes market is projected to reach USD 670.47 Million by 2022, at a CAGR of 4.51% from 2017 to 2022. The global PTFE tapes industry reached a production volume of approximately 463.67 M Sqm in 2017 and is expected to reach 638.54M Sqm in 2022.
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Marketing: sales@qyresearch.com
Analyst: huanglewei@qyresearch.com
Media Contact: press@qyresearch.com
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