POLYTETRAFLUOROETHYLENE (PTFE) MARKET ANALYSIS
Market Dynamics
In 2017, the global polytetrafluoroethylene market was valued at US$ 2.91 billion and is expected to witness a CAGR of 5.5% over the forecast period (2019-2027). Increasing use of PTFE in various end use applications such as textile, chemical processing, textile, medical, cookware, electrical, and electronics is one of the major factors that is driving growth of the polytetrafluoroethylene market. Moreover, increasing use of PTFE in photovoltaic modules, fuel cells, and batteries is expected to drive demand for PTFE in the near future.
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