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PTFE Market is Playing Main Role in key Growth Market
The PTFE market is subjugated by respective regional players along with the presence of few global players in key growth markets. Asia-Pacific is the biggest market of PTFE and is also the fastest growing alongside the ROW market. Various market players have integrated their value chains so as to reduce the impact of external environment on product economics.
E.I. DuPont de Nemours and Company (U.S.), 3M (U.S.), Solvay SA (Belgium), Asahi Glass Co. Ltd. (Japan), etc. are among the major PTFE manufacturers, with Shadong Dongyue Co. Ltd. (China), Gujarat Fluorochemicals Ltd. (India) and HaloPolymer, OJSC (Russia), also being the most active players between 2010 and 2013.
In terms of market activities, Dongyue Group Ltd., HaloPolymer OJSC, and 3M Company, together held the same share as the top share holders in the number of strategic initiatives implemented between 2010 and 2013, with a share of 45.6% of the total development activities.
Gujarat Fluorochemicals Ltd. (GFL) and Shanghai 3F New Materials Co. Ltd. were other active companies in the PTFE market. Gujarat Fluorochemicals Ltd. focused on increasing its footprint in the market. The two companies together accounted for close to 24.2% of the total developments from 2010 to 2013. GFL increased its business potential by strengthening its supply chain related to PTFE raw materials. It was also involved in new product launches.
In terms of market activities, Dongyue Group Ltd. was one of the most active players from 2010 to 2013. The company took various efforts to set its footprints in PTFE market and to be in line with the market trends by attending various conferences and exhibitions.
It undertook a few expansion activities to enhance its business. It also invested increasingly its R&D to bring together its key technologies under one roof for synergies and resource sharing in technical developments.
As a part of its business strategy, HaloPolymer OJSC, focused on developing itself in the market and carried out lots of expansion activities so as to increase its geographic footprint and become one of the market leaders. As a part of its expansion strategies, it focused on establishing overseas offices in different countries across the world.
PTFE Market By Form ( Granular, Fine, Aqueous Dispersion, Micronized), By Application (Industrial Goods, Coating, Filled PTFE), By End Industry (Chemical, Automotive, Medical, Food, Textile, & Others), By Geography - Trends & Forecasts to 2018
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